Borrowing caps are back on, but the exploit funneled the borrowed ETH through a sanctioned mixer — the borrowing-market plumbing is patched, the regulatory tail is not.
A $3.7M breach in April was the final blow to a business model the operator says regulators had already made unsustainable — the largest US BTM operator is now exiting.
The attack drained 103.6 tBTC, 1,625 ETH, and 147K USDC — small next to April's $293M Kelp DAO hit, but it confirms Phemex's pattern read: bridge and cross-chain messaging rails, not smart contracts,…
Blockaid flags the cross-chain bridge as still actively draining, with Peckshield tallying the loss in tBTC, ETH, and USDC so far.
The breach lands on a small-cap altcoin bridge, but the laundering path through ETH is the same playbook used in higher-profile 2024–2025 cross-chain exploits — and it raises fresh questions about…
An ongoing attack on the Verus-Ethereum bridge has pulled roughly $11.58M out so far, with Blockaid's exploit detection catching the live drain rather than a post-mortem tally.
Olena Oblamska landed in a Portland federal court after a Thailand extradition; three Russian co-defendants, including the alleged ringleader, remain at large.
The $2M figure is small; the playbook — dormant darknet wallets rotated into physical gold shipped across borders — is what compliance and law-enforcement trackers will read.
The first joint operation of its kind signals how seriously three governments now treat pig-butchering fraud — a category that has funneled billions into illicit crypto rails over the past three…
A7, a ruble-pegged token pitched at sanctioned Russian trade, is now positioning for life after the sanctions regime itself — a hedge that says as much about the project's durability as about the…
After $16.5B in cumulative DeFi exploits, the latest THORChain incident is forcing protocols toward the centralised-style controls they once resisted — Aave's rsETH bad debt is the canary.
DeFi lending protocols have lost $7.7B to exploits since 2020, yet coverage sits at 0.14% of TVL — users keep chasing yield while the sector's own insurance stack shares the same vulnerabilities as…
The contracts worked exactly as written — the problem was operational. As shared bridge infrastructure concentrates, a single LayerZero-adjacent weakness can cascade across the protocols sitting on…
Two of the world's largest derivatives exchanges are warning that an anonymous crypto perp venue could leak directly into the price of physical oil — a tradFi-on-DeFi contagion thesis regulators…
The capital flight — triggered by April's $292M Kelp DAO exploit — is reshaping the cross-chain bridge market, with Chainlink's CCIP picking up clients and scrutiny that LayerZero once dominated.
Myanmar's government has proposed introducing the death penalty for perpetrators of major cyber scam offences, marking…
ZachXBT flagged the cross-chain drain on Tuesday, and the protocol paused trading within hours — the second major halt in a year for a venue positioned as a native-asset swap layer.
If enacted, the legislation would put Myanmar among the harshest jurisdictions worldwide for fraud tied to forced-labour compounds — the compounds themselves largely feed off cross-border crypto…
Two crypto exploits last month drained nearly $600 million in combined losses, with investigators linking both attacks…
Thorchain, the decentralized cross-chain liquidity protocol, has been exploited across at least four major networks —…
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