LayerZero admits mistake in $292M Kelp DAO exploit
After weeks of blaming Kelp DAO, LayerZero took ownership of a 1-of-1 verifier config that turned into a single point of failure — and competitors are already collecting the refugee business.
Court rulings, lawsuits, settlements, indictments, and litigation involving crypto firms and protocols.
After weeks of blaming Kelp DAO, LayerZero took ownership of a 1-of-1 verifier config that turned into a single point of failure — and competitors are already collecting the refugee business.
The order is a narrow procedural win for the recovery plan — but the restraining notice now follows the ETH wherever it lands, keeping terrorism judgment creditors one step behind the protocol.
The $71M in ETH the Arbitrum DAO voted to return was frozen by plaintiffs holding a North Korea judgment — Aave will borrow against the shortfall and burn the seized rsETH to drain the hacker's…
Reiners' argument collides with the most uncomfortable fact in crypto enforcement right now: the SEC's own chairman was nominated by the issuer's largest beneficiary.
A stablecoin-yield breakthrough cleared the substantive policy lane, but the new Tillis-Alsobrooks language still has to survive a committee vote where Trump-linked crypto ethics — not the policy…
A $394M net loss, a 5-hour AWS-linked outage, and a $300B Artemis bull case collide in one quarter — Coinbase's transition story just got harder to underwrite.
ARK's CEO tells CZ the venue was cleared of triggering the $28B deleveraging event — the blame shifts to a software glitch, but the venue remains the same.
A near-unanimous DAO vote to free exploit-frozen ether now collides with a Manhattan court fight — the eight-day Constitutional AIP delay may be the only window that decides who gets the funds.
The outage was contained, but the dependency on a single hyperscaler region is the part exchanges and traders will read closely — Coinbase's own status page tied it to AWS use1-az4 in US-EAST-1.
The USDT flows were tiny — under $10K combined — but the indictment is the structural story: a named crypto rail (Binance, OKX) tied to a national-security case inside Taiwan's Anti-Infiltration Act.
Wood's earlier FOX Business remarks pinned a $28B deleveraging event on a Binance software glitch. Her direct message to CZ walks the claim back — a notable reversal from a marquee TradFi voice.
The DAO vote was near-unanimous, but a May 1 federal order tied to North Korea-related judgments freezes the path to DeFi United, leaving Aave's $190M bad debt in legal limbo.
Founded by the DefiLlama team, the outlet couldn't convert coverage into a viable standalone business as traffic fell and AI-driven distribution made independent crypto media harder to run.
Coinbase recorded nearly $400 million in net losses in the first quarter as revenue fell 31% year-over-year to $1.41…
Trading revenue and subscription income both undershot — but record 8.6% market share, 169% YoY derivatives volume growth, and a $200M retail-derivatives run rate show the diversification thesis is…
The rebuttal lands in the middle of a defamation suit against Tron founder Justin Sun and a separate California case Sun filed over frozen WLFI tokens — meaning the public denial and the courtroom…
The on-chain investigator's move turns a DM dispute into a public evidence-gathering campaign against a mid-cap token whose founder has stayed silent.
The Ethereum co-founder and loudest critic of toxic MEV just got hit by the very attack he has spent months campaigning to fix — the irony is the point, and the timing backs his encrypted-mempool…
Federal investigators at the DOJ and CFTC are examining a series of oil trades flagged as suspiciously timed ahead of…
The Department of Justice is investigating $2.6 billion in oil trades that were placed shortly before President Trump…