Switchboard oracle exploit hits four DeFi networks
One shared Move-language implementation turned one suspected compromise into parallel freezes across four chains, with Switchboard yet to publish a root cause or affected-integrations list.
17 stories mentioning it. Newest first.
One shared Move-language implementation turned one suspected compromise into parallel freezes across four chains, with Switchboard yet to publish a root cause or affected-integrations list.
The biggest consensus-layer change since Shelley in 2020 is running on a public testnet now, with mainnet throughput projected at 5-20x while preserving Praos security.
A researcher flagged the integer-underflow flaw on April 25 under Cosmos Labs' bounty program, but testers ruled live chains safe, a patch shipped silent, and within 20 hours of a public code change…
These three are often lumped together as 'interoperable L1s,' but they solve different problems. Here is what each actually does and where each one breaks.
Jupiter is the default DEX aggregator on Solana — it routes your swap across every venue on the chain. Here is how it works and what JUP does.
Aptos shipped its mainnet, but daily activity is still a fraction of Solana's. Here is what actually lives on the chain, who uses it, and where the risks sit.
Solana DeFi runs on a fast, low-cost chain with notable reliability trade-offs. Here is how the major protocols fit together and where the real risks hide.
Pi launched in 2019 as a phone-based mining app, sat in closed beta for six years, then opened Mainnet to migrants in early 2024. The token now trades on a handful of exchanges, but structural concerns remain.
TerraUST's $40 billion wipeout was a category failure, not a one-off. Every algorithmic stablecoin since has run the same death-spiral math, just with better branding.
Terra's UST stablecoin and LUNA token erased $60 billion in days. Here is how an algorithmic stablecoin death-spiralled, and what it taught crypto.
Supporting Ethereum does not guarantee support for OUSG. Check networks, contracts, whitelists, wallet interfaces, and test transfers first.
Polkadot is a multi-chain network designed for blockchains to share security and talk to each other. Here is how it works, what DOT does, and the risks worth knowing.
Virtuals Protocol is a Base-based launchpad where anyone can spin up an AI agent token. Most launchpad tokens go to zero — and the structure explains why.
ETH Q1 hit record users and cratered fees while BTC bled under a hawkish Warsh. The on-chain story and the tape finally disagree.
Chainlink is the decentralized oracle network that brings off-chain data into smart contracts. Here is what it does, what LINK is for, and what to weigh.
KAITO is the InfoFi token behind Kaito AI, with 1 billion supply and roughly 20% circulating at launch. Here is how attention, Yap leaderboards, and unlocks actually work.
Real-world asset tokens rely on price feeds that can fail or be manipulated. Here is how an oracle lie cascades into a six-figure loss on a tokenized T-bill or REIT.