News
U. S. military commander flags Bitcoin's cybersecurity role in Senate hearing
1+ hour, 13+ min ago (434+ words) A senior U. S. military commander has described Bitcoin as a cybersecurity tool with potential use in national defense. At a Senate Armed Services Committee hearing on Tuesday, Samuel Paparo said Bitcoin's role goes beyond financial use cases and can support security…...
Umbra shuts front end after hackers move stolen funds through protocol
59+ min ago (660+ words) Privacy-focused crypto protocol Umbra has taken its front-end website offline after hackers used the platform to move funds tied to recent major exploits." The team said the move is meant to make it harder for attackers to use the hosted…...
Crypto hacks top $17b in a decade as attackers pivot from code to keys
11+ hour, 39+ min ago (850+ words) Defi Llama logs 518 crypto hacks and over $17b in losses in 10 years, with attackers shifting from smart contracts to keys, bridges and wallets, as rs ETH loses ~$290m. Crypto's security bill over the past decade has quietly climbed past $17" Defi Llama logs…...
Kelp DAO exploit fallout deepens as attacker routes $175 M in ETH via privacy rails
18+ hour, 49+ min ago (402+ words) The entity behind the roughly $290 million Kelp DAO breach has started moving large volumes of Ether into fresh wallet addresses, in what appears to be the early stages of obfuscating the stolen funds after the exploit. Data from Arkham shows…...
UK lays unified rails for stablecoins and tokenized deposits
18+ hour, 57+ min ago (351+ words) The UK Treasury wants stablecoins and tokenized deposits regulated like payment services, backing the push with new rules, Bo E coordination and "1m for fintech pilots. The UK Treasury used London Fintech Week to signal its most ambitious push yet to…...
Arbitrum locks $71 M in ETH linked to Kelp DAO exploit
1+ day, 2+ hour ago (462+ words) Arbitrum has moved to lock down a large portion of funds tied to the Kelp DAO exploit, stepping in as the fallout from the cross-chain breach continues to spread. According to a Tuesday update from Arbitrum, the network's Security Council…...
Kelp DAO blames Layer Zero defaults for $290m rs ETH bridge disaster
1+ day, 15+ hour ago (639+ words) Kelp DAO says a Layer Zero "default" single'validator setup helped enable a $290m rs ETH bridge hack, forcing a messy blame game and a rushed security migration. Kelp DAO has pushed back against Layer Zero's official explanation of a $290 million bridge…...
Crypto hacks top $600m in April as market prices in "security tax
1+ day, 18+ hour ago (199+ words) April has already seen over $600m stolen across De Fi, bridges and wallets, turning security from a protocol'level concern into a full'blown market risk premium. The latest wave of hacks is not confined to smart'contract bugs or restaking primitives. Incidents have…...
Binance says platform, funds safe after Vercel supply chain breach
1+ day, 19+ hour ago (680+ words) Binance says users and funds are safe after Vercel's $2m data breach, spotlighting how a single Saa S compromise can ripple across Web3 front ends. Vercel, a widely used cloud hosting and front'end deployment platform in the crypto ecosystem, disclosed a" Binance…...
How crypto collateral is changing forex margin practices
1+ day, 19+ hour ago (637+ words) The use of crypto as collateral for trading in the forex markets is shifting the forex margin trading paradigm. This provides a solution to the inefficiency and inflexibility problems multi-asset traders face, as well as the growing integration of digital…...