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The ongoing security issues plaguing blockchain-based decentralized finance (DeFi) platforms continue to escalate. Volo Protocol, a platform operating on the Sui blockchain that allows users to deposit assets into yield-generating…
A new report reveals that Polymarket has announced plans to enable trading of perpetual futures on its platform, with Kalshi also reportedly aiming for a similar move into the derivatives…
On Tuesday, Aave, a leading decentralized lending platform, experienced an effective freeze when all its key lending protocols depleted their available funds. This left users unable to withdraw billions of…
Over the weekend, Aave, a lending protocol, encountered potential losses up to $230 million due to an exploit involving the Kelp DAO and LayerZero bridge. As detailed in reports by…
The timing of KelpDAO’s $292 million rsETH exploit could not have been worse for the decentralized finance (DeFi) sector, which saw approximately $10 billion exit over a weekend. This outflow…
A critical exploit has cast doubt over DeFi’s future, as $292 million vanished from KelpDAO. At 17:35 UTC on Saturday, a sophisticated attacker manipulated Kelp DAO’s LayerZero-powered cross-chain bridge by…
The repercussions of Saturday’s KelpDAO hack are reverberating through stablecoin markets in unexpected ways. In the 24 hours following the incident, users borrowed around $300 million against their tetherUSDT$1.0002 deposits…
A weekend security breach at KelpDAO protocol has triggered a significant capital withdrawal from the decentralized finance (DeFi) sector. Aave, a leading DeFi lending platform, reported an $8.45 billion reduction…
A weekend exploit resulting in approximately $292 million has shaken the cryptocurrency market, highlighting vulnerabilities within decentralized finance (DeFi) frameworks and sparking concerns about potential ripple effects on lending protocols.…
Following a security breach that resulted in the loss of $291 million from Kelp DAO’s infrastructure, Aave users experienced significant difficulties withdrawing their funds due to a liquidity crunch. The…
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