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.…

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 →

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…

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…

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 →

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

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…

Bitcoin’s network just recorded its lowest activity in eight years, and the price has barely flinched. CryptoQuant flagged that active BTC addresses hit their lowest…

The attack caused a “cross-protocol contagion” that has impacted at least nine crypto protocols, blockchain security firm Cyvers said. Read Full Story at Cointelegraph.com →

An attacker drained 116,500 rsETH, roughly 18% of circulating supply, from Kelp’s LayerZero-powered bridge on Saturday, triggering emergency freezes across Aave, SparkLend, Fluid and Upshift.…