$8.5M DeFi Vault Drained in Overnight Tokenized-Treasury Rug Pull

An $8.5 million DeFi vault was pulled overnight, a rug pull that the seed frames as a wake-up call for traders chasing high yields on top of tokenized US Treasuries. The incident lands on a sector that grew from roughly $2 billion to $9 billion in eighteen months and now counts BlackRock, Franklin…