5 stories mentioning it. Newest first.
first arrest and prosecution tied to a decentralized exchange rug pull. The group allegedly generated KRW 400 million…identified by the surname Park, operated under the social media persona "Eth Father," posing as an independent influencer
Despite $83 billion flowing through decentralized finance, less than 2% of that total value locked carries any insurance…offchain failures: compromised private keys, phishing, and social engineering now account for the largest share of losses
Tether's QVAC project frames AI as a
social-engineering event, the incident underscores the persistent risk of centralised key management in otherwise decentralised systems. Users
market-based resolution keeps incentives aligned and avoids socialising losses across token holders, while treasury bailouts are faster…reignite the long-running debate over how decentralised protocols should handle insolvency
WuBlockchain
CoinDesk
CryptoSlate