A security breach at KelpDAO has escalated into a broader contagion event, with exploit activity reportedly spreading…
A single verifier-path failure let a fraudulent cross-chain message slip through, and the knock-on withdrawal cascade is now reading as a stress test of DeFi contagion plumbing.
The thesis flip — and the 1,500% year — matter more than the position size Tushar Jain refused to disclose, because Multicoin's 2019 critique of ZEC was one of the loudest in the space.
The reframing aims to give attackers legal title to the frozen ether under a 19th-century fraud doctrine — the move that lets victims reach the funds at all, before a May 6 Manhattan hearing.
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…
Griff Green argues the real risk on Aave isn't smart-contract bugs — it's operational: leaked keys and social engineering from state-aligned attackers that lending markets haven't priced in.
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.
DSJ Exchange / BG Wealth Sharing drew over $150M before going offline; $41.5M has already been frozen after cooperation between Tether, Binance, OKX and U.S. law enforcement.
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.
The opt-in feature lets users freeze on-chain withdrawals for up to a week, a security control that targets social-engineering and account-takeover vectors, not just external hacks.
The accusation from one of crypto's most-watched on-chain investigators puts a top DEX by volume in the crosshairs — and signals a wider enforcement net may be forming.
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.
A social post turned into a payment instruction: obfuscated text passed through Grok into Bankrbot, which executed a token transfer from an X-issued agent wallet — exposing how model output can…
The 1–7 day lock is opt-in and only fires when a user flips it on — a UX nudge toward self-custody-grade caution that depends entirely on the user opting in ahead of the hack, not during it.
Binance is rolling out a withdrawal lock — a setting that lets users freeze outgoing transfers without disabling their…
The HKMA's April 28 alert exposes a structural gap between bank-name legitimacy and on-chain verification — and one that grows wider as more licensed issuers enter the market.
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…
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