SecurityKelp Hack: $293M Drained from Restaking Protocol
Restaking protocol Kelp was hacked on April 18, with $293M drained through an rsETH bridge exploit. Nine DeFi protocols including Aave froze activity.
SecurityRestaking protocol Kelp was hacked on April 18, with $293M drained through an rsETH bridge exploit. Nine DeFi protocols including Aave froze activity.
TechnologySouth Korea will test tokenized deposits for government spending in Sejong City. Full rollout targets Q4 2026, with 25% of budget digital by 2030.
SecurityHacker minted 1 billion bridged DOT tokens via Hyperbridge but cashed out only $237K due to limited liquidity. Native Polkadot ecosystem unaffected.
SecurityUC researchers found 26 malicious LLM routers injecting code and stealing credentials. Developers using AI agents for crypto work are at risk.
TechnologyTON upgrades to Catchain 2.0 consensus: block time drops from 10 seconds to 400ms, payments settle in 1 second. Details on the upgrade and market impact.
RegulationThe IMF warned stablecoins resemble money market funds, not actual money, and could trigger confidence-driven runs as tokenized finance scales globally.
SecurityA hacker drained $285M from Solana DEX Drift Protocol using a fake token and compromised admin key. TVL halved, DRIFT token dropped 40%.
TechnologyEthereum Glamsterdam will raise the gas limit to 200M, cut fees by 78%, and target 10,000 TPS. Launch expected June 2026.
DeFiAave V4 is live on Ethereum with hub-and-spoke architecture. Three liquidity hubs, real-world asset support, and institutional lending capabilities.