Infrastructure
Infrastructure

Blockchain sleuth accuses RaveDAO of knowing who manipulated the price of its token

The on-chain sleuth cited “suspicious” exchange-linked activity as RAVE swung from $60 million in market capitalization to $6 billion and back. Read Full Story at…
DeFi

Six years after “DeFi Summer” is the sun already setting on the decentralized finance revolution?

KelpDAO’s $292 million rsETH exploit landed at the wrong moment for DeFi. Roughly $10 billion left the sector over the weekend, after confidence had already been shaken by…
Infrastructure

LayerZero Post Mortem Shows Lazarus Group Stole $290M From KelpDAO via RPC Node Compromise

North Korea’s Lazarus Group exploited a single-verifier LayerZero setup to drain $290M in rsETH on April 18 by compromising RPC infrastructure and poisoning the bridge’s…
Infrastructure

LayerZero Links $292 Million Kelp DAO Bridge Exploit to North Korea’s Lazarus Group

North Korea’s Lazarus Group likely stole $292 million from Kelp DAO’s rsETH bridge by exploiting a single-verifier configuration that LayerZero says it had warned against.…
Infrastructure

Three Major Japanese Financial Institutions Tap Canton to Bring Government Bonds On-Chain

Mizuho, Nomura, and Japan’s central clearing house are launching a blockchain-based proof-of-concept for collateral management of Japanese government bonds. Read Full Story at Thedefiant.io →
DeFi

Aave's TVL tanks $8B a day after $293M Kelp DAO hack

The Aave token fell nearly 20% to $89.5 in just over 24 hours as users withdrew billions of dollars from the lending protocol. Read Full…
DeFi

Stablecoins not a threat to banks in the near-term: Moody's analyst

A prohibition on yield-bearing stablecoins and robust payments infrastructure in the US means stablecoins will not eat into banks’ market share. Read Full Story at…
DeFi

Kelp DAO Exploit Sparks Aave Liquidity Crunch, $6.2 Billion Withdrawal Panic

After attackers drained $291 million in crypto from Kelp DAO-linked infrastructure, DeFi users struggled on Aave to withdraw funds. Read Full Story at Decrypt.co →
Infrastructure

Previewing Consensus' Policy Summit: State of Crypto

Every year policy discussions get more important, and this year’s even more so. Read Full Story at Coindesk.com →
DeFi

Kelp DAO Loses $293M in Bridge Exploit, Leaving Aave With Over $200M in Bad Debt

Attacker minted unbacked rsETH through Kelp’s LayerZero bridge, then borrowed WETH on Aave V3 and V4 before markets could freeze. Read Full Story at Thedefiant.io…