Yet another crypto bridge falls victim to an $11 million hack
The latest attack adds to growing string of cross-chain infrastructure exploits.
DeFi
Crypto users are choosing juicy yields over protection, putting billions at risk of hacks
DeFi insurance protocols debuted with huge ambitions during the 2020 crypto boom. But as hacks evolved and users chased yields over protection, most of the sector collapsed under the same risks it was built to cover.
Lombard joins LayerZero exodus as $4 billion in assets switch to Chainlink’s bridge
The shift comes after the Kelp DAO exploit drained $292 million from its LayerZero-powered bridge, increasing concerns over the security of cross-chain infrastructure.
How DeFi is changing the financial landscape for Latin Americans
DeFi is quietly shifting from niche crypto experiment to a legitimate financial tool across the region, explains Serrano.
DeFi’s shakeout is a stress test, not a death sentence
Novozhenov argues that despite lingering governance, security and regulatory hurdles that have shuttered several protocols, DeFi remains resilient.
DeFi yields are crashing so hard that they can’t compete with a traditional savings account
DeFi yields have collapsed below TradFi rates, forcing investors to face higher smart contract risks for lower returns as regulation and exploits mount.
Traders are the big winners as 24/7 stocks will finally end the after-hours price ‘manipulation’
Round-the-clock markets promise freedom for investors and pressure for intermediaries who traditionally wielded immense power during off-hours
How a Solana feature designed for convenience let attackers drain more than $270 million from Drift
The exploit did not involve a bug in Drift’s code. It used “durable nonces,” a legitimate Solana transaction feature, to pre-sign administrative transfers weeks before executing them, bypassing the protocol’s multisig security in minutes.
Solana DeFi platform Drift confirms ‘active attack’ as $200M+ leaves platform
The platform halted deposits while it investigates suspicious activity and urges users to proceed with caution.
Crypto’s CLARITY Act could be a headwind for DeFi tokens ring-fencing yield, analyst says
The proposed restriction on yield would shift value toward regulated players and away from decentralized finance’ tokens, 10x Research’s Markus Thielen said.