11 stories mentioning it. Newest first.
Bitcoin drifted back to $62,500 on Tuesday, down 1% over 24 hours and off nearly 3% from…candidate: a $36 million exploit of the Humanity Protocol and its H token rattled sentiment on Tuesday. While
contain the damage. ## Why it matters Humanity Protocol is a palm-scan biometric identity project using zero-knowledge…keys rather than smart-contract exploits. Solana's Drift exchange lost roughly $285 million in April after
chain perpetuals. Each liquidation event forces the protocol's liquidation engine to absorb the position, and repeated cascades…visible magnet. If spot ETH drifts toward that threshold, the liquidation of a $1.71M long would
market. When collateral gets force-sold by lending protocols, it hits the order book as indiscriminate market-sell…amplifies volatility non-linearly. ## Market impact If ETH drifts toward the $1,560s, the first two tranches trigger
North Korean cybercriminals drained nearly $600 million from Drift Protocol and Kelp DAO in that stretch
pure speculative play, while other chains and DeFi protocols absorb the momentum. On the DeFi side, he placed…matters The stakes are not abstract. Drift Protocol and Kelp DAO were drained of nearly $600 million
debt-and-liquidation model that underpins most protocols today with a system built on options contracts. The goal…options-based alternative would instead allow exposure to drift gradually away from a target allocation rather than triggering
theft ever, and nearly $600 million drained from Drift Protocol and Kelp DAO by North Korean cybercriminals
April saw nearly $630 million stolen from DeFi protocols — the worst month since the $1.5 billion Bybit hack…largest incidents were the $285 million Drift exploit, the result of a six-month social engineering campaign
recent exploits — Drift and Kelp DAO — both targeted infrastructure connecting chains or managing cross-protocol messaging, not smart
Drift Protocol has outlined a structured recovery plan for users hit by its April 1 exploit…pool opens with roughly $3.8 million in remaining protocol assets and is designed to scale through exchange revenue
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