News
Aave mobilizes De Fi united effort to rebuild rs ETH backing - All the details!
4+ day, 55+ min ago (324+ words) Aave's [AAVE] recovery efforts began when Stani Kulechov opened defiunited. eth to gather contributions for restoring rs ETH backing after the Kelp DAO exploit. This move signaled urgency and set the foundation for broader ecosystem coordination. Service providers then proposed…...
Aave-backed De Fi United raises $320 M - Can it restore rs ETH backing?
23+ hour, 25+ min ago (495+ words) On the 18th of April, an attacker exploited Kelp DAO's Layer Zero bridge, stealing over $292 million. By minting 116, 500 unbacked rs ETH and borrowing ETH on Aave [AAVE], the attacker left AAVE with more than $230 million in bad debt. Therefore, the Aave…...
ether. fi to shut down we ETH bridging on smaller chains in post-exploit risk reset
1+ day, 19+ hour ago (345+ words) ether. fi will disable we ETH bridging across several lower-activity networks, marking a shift toward tighter risk controls as De Fi protocols reassess multi-chain exposure. The protocol said bridging will be deprecated on Scroll, Swell, Bera, zk Sync, Mode, Blast,…...
All about Israel's BILS stablecoin approval and what comes next!
1+ day, 21+ hour ago (383+ words) Israel becomes the latest entrant in the stablecoin race. On the 27th of April, the Israeli Capital Market Insurance & Savings Authority authorized the issuance of a stablecoin, BILS, that is pegged to the shekel. The approval was granted to Bits of…...
How Litecoin's 13-block reorg exposed fragile coordination in network upgrades
4+ day, 2+ hour ago (369+ words) A series of protocol-level exploits this month has raised concerns about De Fi's resilience. And now, Litecoin has joined that pattern under stress. The network entered a critical stress phase after a hidden MWEB flaw collided with a coordinated Do…...
Precautionary- Wrapped Bitcoin (w BTC) tightens security after Kelp DAO $293 M exploit
5+ day, 6+ hour ago (403+ words) Wrapped Bitcoin (w BTC), one of the most widely used Bitcoin derivatives across the Ethereum ecosystem, has announced security measures amid ongoing De Fi contagion fears." On Thursday, the project said it is upgrading its cross-chain DVN configurations, which would…...
Aave crisis deepens - Capital rotation sees $2. 4 B flows into Sparklend
5+ day, 15+ hour ago (479+ words) The Kelp DAO exploit, which saw over $293 million drained, affected major lending platforms such as Aave and Morpho." Aave was hit the hardest and exposed to over $200 million in bad debts. As a result, massive capital flowed out of the…...
Quantum test breaks ECC key, reinforcing long-term risk to Bitcoin security
5+ day, 17+ hour ago (380+ words) A new quantum computing demonstration has renewed focus on the long-term security of cryptocurrencies, after a researcher successfully derived a private key from a small elliptic curve using publicly accessible hardware. The breakthrough, announced by Project Eleven, saw independent researcher…...
Crypto exploit losses jump 10x in April as attacks shift from frequent to catastrophic
5+ day, 19+ hour ago (348+ words) Crypto exploit losses surged past $630 million in April, marking one of the worst months for security breaches in recent years and signaling a shift in how risks are emerging across the ecosystem. Data shared by Certi K shows April losses…...
Coinbase warns of quantum risk: Is crypto prepared for a slow-moving security crisis?
1+ week, 13+ hour ago (383+ words) Quantum computing is no longer a distant theory, as early signals now suggest crypto holders may soon face a silent race to secure their funds. The Coinbase advisory board has now noted that a quantum computer capable of breaking encryption…...