April was likely the worst month for DeFi hacks on record — a $295M Drift exploit and a similar-sized KelpDAO hit landed while State Street told Consensus Miami the rails aren't ready for…
If Kelp's Telegram screenshots hold, the $292M loss wasn't Kelp's misconfiguration — it was a verifier design LayerZero reviewed for 2.5 years, then blamed on the victim after Lazarus drained the…
A $3.8M seed pool and tokenized loss claims try to bridge a $295.4M gap — but relaunch as a security-first venue is the bigger industry test after Aave's Kelp DAO rescue.
April's Drift and Kelp breaches cost more than half a billion dollars combined, with no smart-contract bug — just months of social engineering that walked past every system built to flag a hack.
Contracts held, bridge didn't: WETH utilization hit 100% in 90 minutes, a seven-hour head start the Protocol Guardian's freeze couldn't recover.
The new 1–7 day freeze is the first major exchange feature aimed squarely at physical coercion, not phishing — and it lands as CertiK data shows 75% more wrench attacks in 2025.
Binance is rolling out a withdrawal lock — a setting that lets users freeze outgoing transfers without disabling their…
Terrorism-judgment creditors want the same 30,766 ETH that Arbitrum Security Council froze after the $292M Kelp DAO exploit — setting up a legal fight days before a vote to route the funds to victims.
Arbitrum's governance has voted to unfreeze $71 million in ETH as part of emergency containment measures following a…
A single exploit drained $292 million from DeFi protocols, reigniting a debate that the industry has deferred too long…
The scale — 500+ wallets, some untouched for years — suggests something beyond a single-point exploit; the on-chain trail points to a shared compromise vector still under investigation.
Over 500 long-idle wallets — some four to eight years cold — were swept into a tagged phishing address, and the compromise path remains unresolved as April's $635M exploit tally closes.
Hundreds of dormant Ethereum mainnet wallets moved to a single address in a coordinated drain, while ETH trades below every short-term moving average and the 200-day at $2,755 flashes a sell signal.
The record counts both raw dollars and incident count, and the dollar figure only excludes the February 2025 Bybit event — context that frames the month as the worst stretch for protocol security…
The first-ever 9-of-12 emergency multi-sig execution on a major L2 sets a precedent the rest of DeFi will now have to argue about.
Wasabi Protocol has suffered a $4.5 million loss in what appears to be an admin key compromise, allowing an attacker to…
The criticism pits Tether's freeze track record against Circle's silence in a public call to action — and raises the question of whether selling USDC is the lever that moves a $60B stablecoin issuer.
Recovery pace is the story: the largest exchange heist on record was neutralised inside the fiscal year, with revenue continuing to grow through the aftermath.
Internal team wallets were the only target — no user funds hit — but the pause puts a hold on every cross-chain message until the post-mortem lands.
Industry leaders have committed hundreds of millions of dollars to a rescue plan for Aave users following a significant…
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