SecurityBug in Withdrawals Costs a Cross-Chain Protocol $3.8 Million
NEAR Intents halted swaps after a $3.8M exploit and promises compensation. Funds moved to KuCoin and into Bitcoin.
DeFi Protocol — News - Page 2
Security
SecurityKelpDAO Sues LayerZero Over $292 Million Bridge Exploit
Evercrest, the company behind KelpDAO, sued LayerZero and Bryan Pellegrino over April's $292 million bridge exploit and defamation claims.
DeFiHYPE Hits $90 Record as Hyperliquid Launches Borrowing
HYPE rose above $90 after Hyperliquid opened manual USDC and USDT loans against HYPE and Bitcoin collateral. Here is how it works.
RegulationUS Charges Ex-Robinhood Engineers Over Insider Trading
US prosecutors charged two former Robinhood engineers with trading Hyperliquid perpetuals ahead of token listings, allegedly using inside information.
DeFiBalancer Proposes Winding Down Protocol, Splitting Treasury Among BAL Holders
Balancer Labs proposed shutting down the protocol after a $128 million exploit. Its $9 million-plus treasury will go to BAL holders.
RegulationUS Senate Gets Revised CLARITY Act Ahead of September 15 Vote
Senate Republicans released a 630-page revised CLARITY Act five days before a decisive procedural Senate vote on September 15.
StablecoinsVisa Launches Onchain Lending for Stablecoin Card Programs
Visa paired VisaNet settlement data with blockchain lending for fintechs running stablecoin card programs, as related payment volume jumped nearly 200%.
InstitutionalPineapple Financial Moves $1B in Mortgage Records Onto Injective
Canadian mortgage lender Pineapple Financial moved $1 billion in mortgage records onto the Injective blockchain, aiming for $10 billion eventually.
SecurityFinCEN Ties $12.7 Billion to Crypto Scam Compounds in Asia
FinCEN tied $12.7 billion in suspicious activity to crypto scam compounds in Cambodia, Laos and Myanmar. The US and UK launch a joint alliance to fight them.