Crypto holders used to focus on diversifying their coins. Now, following a $70 million Coldcard exploit, they’re being told to diversify their wallets as well. On Saturday, Binance founder Changpeng Zhao, known as CZ, asked crypto holders to split their funds across multiple wallets following… Read More
Bonzo Lend, a decentralized lending protocol on the Hedera network, suffered an estimated $9.05 million loss after an attacker exploited a verification flaw in a third-party Supra oracle contract, allowing them to borrow assets far exceeding the value of their collateral. The attacker deposited 250… Read More
The setup was built over several weeks, where the attacker deployed dozens of fake token contracts and fake liquidity pools – a term for a pile of tokens locked on a decentralized exchange – that looked like profitable trades. Some mimicked familiar assets such as… Read More
In the often-fractured world of decentralized finance, crises tend to expose fault lines. This time, they’re also revealing an unusual level of coordination. Aave, one of DeFi’s largest lending protocols, is at the center of a broad recovery effort following losses tied to the Kelp… Read More
Lending platform Aave has raised about $160 million it needs to cover the $200 million in bad debt left behind by the year’s largest decentralized finance (DeFi) exploit, Arkham posted on X on Saturday. “AAVE have so far raised $160M to cover the bad debt… Read More
At least 12 DeFi protocols and crypto businesses have been attacked in just over two weeks since the $280 million Drift Protocol exploit on April 1. Attacks aimed at crypto protocols or companies since the start of April include CoW Swap, Hyperbridge, Bybit, Dango, Silo… Read More
