Crypto Exploits Drain $98M in 4 Days Across THORChain, Verus, Echo
A 1,000 $eBTC mint for free, a cross-chain bridge hit, and a THORChain swap drain — the pattern of cheap, repeatable exploits is what should worry protocols running live TVL.
Ethereum is a decentralized, open-source blockchain platform designed to support smart contracts and decentralized applications without the control of any central authority. Often described as a programmable global computer, it allows developers to build a wide range of on-chain services, from financial protocols and NFT marketplaces to gaming platforms, using self-executing programs written primarily in Solidity. These smart contracts run on the Ethereum Virtual Machine, which is maintained by a global network of independent nodes. The native asset, Ether (ETH), functions as the network's currency. It is used to pay transaction fees, commonly referred to as gas, and must be staked by validators who propose and confirm blocks. In September 2022, Ethereum transitioned from Proof of Work to Proof of Stake through an event known as the Merge, reducing its energy consumption by more than 99 percent. An earlier upgrade, EIP-1559, introduced a fee-burning mechanism that can offset issuance during periods of high activity. Ethereum was proposed in 2013 by Vitalik Buterin, alongside several co-founders, and launched in July 2015. It belongs to the Smart Contract Platform and Layer 1 categories, and remains the largest ecosystem for decentralized application development.
A 1,000 $eBTC mint for free, a cross-chain bridge hit, and a THORChain swap drain — the pattern of cheap, repeatable exploits is what should worry protocols running live TVL.
The attacker minted 1,000 eBTC out of thin air on Monad, drained $867K in WBTC from Curvance, and routed the proceeds through Tornado Cash — with $73.2M in unlaundered eBTC still sitting in the…
A 26% YTD drawdown sits next to a quietly compounding staking ratio and Ethereum's grip on RWA settlement — a setup where any demand revival meets a structurally shrinking float.
The state-level green light lets chartered banks and credit unions hold Bitcoin and other digital assets for clients, putting Minnesota among the earliest US states to formalize the service.
The card turns $DOGE into a tap-to-pay instrument across Revolut's 60M+ user base — a real-world spend rail for a token most issuers still treat as a meme.
The exits land mid-restructure and rattle a developer base that treats Foundation personnel continuity as a proxy for protocol credibility.
Carl Beek (Beacon Chain) and Julian Ma (FOCIL, Fast Confirmation) join at least six other senior departures since February — the most concentrated talent loss the EF has seen since Geth creator Péter…
BTC and ETH spot ETFs logged their largest combined single-day outflow in weeks, while the still-thin Solana ETF complex pulled in another week of net inflows.
The headline move is Saylor's $2.01B add, but the more durable signal is that institutional accumulation is still leading the tape even as stablecoin issuance cools and DEX volumes fade.
Buterin's framing elevates a niche security discipline into a default workflow for Ethereum, ZK, and cryptography — with the caveat that verified code still isn't bulletproof.
SOPR at break-even means the typical altcoin holder is neither in profit nor loss for the first time in over a year — historically a positioning extreme that often precedes heavy distribution.
CoinShares' $1.07B weekly outflow broke a six-week run — $982M from Bitcoin and $249M from Ethereum — while XRP and Solana still pulled in fresh capital despite the geopolitical bid for safety.
The May rally fully unwound in a single morning selloff, even as Strategy disclosed one of its largest weekly buys of $2B — a reminder that corporate bid can't override a market still working off…
Buterin's pitch lands as the industry grapples with smart-contract exploit losses running into the billions — automated proof of correctness is the part AI may actually get right.
The exit from one of Wall Street's most-watched desks is the signal — a rotation toward BTC and ETH as XRP stalls near $1.40 and SOL sheds nearly 12% in a week.
The 4.37% supply stake and $289M annualized staking yield signal treasury conviction at scale — making Bitmine one of the largest single-entity ETH holders now visible on-chain.
The reversal matters more than the size: Lee said Bitmine would slow accumulation, then loaded 71,672 ETH in a single week — and tied the bid directly to crude, not to on-chain fundamentals.
Bitmine added 71,672 ETH last week in a single-week accumulation push that lifted its total holdings to 5.28 million…
With 89% of holdings already staked and 4.37% of all ETH concentrated in one corporate treasury, Bitmine's accumulation pace is now a direct read on institutional conviction in the asset.
The treasury push added 71,672 ETH in a single week and now equals more than 4% of all Ethereum ever issued, putting the company 87% of the way to its stated 5% target in just 11 months.
Ethereum is a global, open-source platform for decentralized applications.
Ethereum (ETH) launched on 2015-07-30.
Ethereum (ETH) is categorised as: Smart Contract Platform, Layer 1 (L1), Ethereum Ecosystem.
The official Ethereum site is https://www.ethereum.org/.
Most recent Ethereum coverage: "Crypto Exploits Drain $98M in 4 Days Across THORChain, Verus, Echo" — read at /en-US/a/three-major-crypto-hacks-in-four-days-thorchain-verus.