Aave Outlines Steps to Rebuild rsETH Collateral
Aave has announced a recovery plan following an April 18 exploit that affected its liquidity markets and collateral positions on several chains. The update explains how DeFi United, a group…
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Aave Mobilizes DeFi Giants to Contain $292M KelpDAO Fallout
In the aftermath of the April 18 exploit that left KelpDAO’s rsETH with a significant backing shortfall, Aave’s service providers have taken the lead in organizing a coordinated industry response…
Sui-Based Volo Protocol Hit by $3.5M Exploit, Freezes Vaults to Contain Damage
Volo Protocol, a liquid staking platform built on the Sui network, reported a security breach that led to the loss of approximately $3.5 million from its vaults, according to an…
“Are We an Industry of Clowns?” Curve Founder Blasts DeFi Security Failures
Michael Egorov, founder of Curve Finance, has called for the development of industry-wide security standards in decentralized finance, amid a surge in recent hacks originating largely from centralized single points…
Arbitrum Freezes $70 Million in ETH Linked to KelpDAO Exploit in Emergency Security Move
Arbitrum said its Security Council initiated an emergency intervention to secure funds linked to the recent KelpDAO exploit after identifying 30,766 ETH held on Arbitrum One in an address tied…
Whales Circle AAVE Amid Chaos: Is This Another Market Bottom Signal?
AAVE is undergoing one of its most volatile periods in recent history following the April 18 exploit of KelpDAO’s rsETH bridge. Attackers used the stolen assets as collateral on Aave…
How Musician Lost 5.92 BTC on Fake Ledger App
Crypto commentator Scott Melker has said that a friend of his lost nearly $450,000 worth of Bitcoin after using a fake Ledger app from the Apple App Store. According to…
Garantex Successor Grinex Collapses Days After Coordinated Wallet Exploit
Grinex, a sanctioned crypto exchange serving Russian businesses and individual users, said it was hit by a large-scale cyberattack that resulted in the theft of funds worth more than 1…
Fake Ledger Wallet Exposed With Hidden Chip Stealing Seed Phrases and PINs
A cybersecurity researcher from Brazil exposed a large-scale scam operation after buying a “Ledger” hardware wallet from a Chinese marketplace listing that looked legitimate and was priced the same as…
Analyst Defends Circle’s No-Freeze Stance on $280M Drift Hack Funds
The bad press facing stablecoin issuer Circle, following the $280 million exploit on the Solana trading protocol Drift, has gone up a notch after a California-based legal group filed a…
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