Drift to issue ‘recovery tokens’ in wake of $295m hack
Developers behind Solana-based derivatives exchange Drift proposed on Tuesday a recovery plan that would funnel protocol revenue to users who lost...
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Reporting, research and analysis from across the web3 ecosystem.
Aave secures emergency hearing to void ‘catastrophic’ restraining order
An emergency hearing on Wednesday could determine whether the relatives of a slain minister are entitled to $71 million in crypto that was nearly...
Crypto industry reels as April sees highest number of hacks ever
April was a bad time for the crypto industry. Over the past month, 29 crypto projects have suffered hacks or exploits, the highest monthly tally...
Anthropic’s new Mythos AI will hit crypto. Bitcoin investors don’t care, says Coinbase
Artificial intelligence is a Sword of Damocles dangling over crypto — but Wall Street isn’t quailing, says Coinbase. Anthropic’s new Claude...
Elizabeth Warren slams Trump after expose ties World Liberty Financial to crypto projects linked to human trafficking group
Elizabeth Warren has lashed out against World Liberty Financial over news that the Trump family-run crypto company partnered with a blockchain...
A wallet tied to one of crypto’s most notorious hackers is laundering funds again
A wallet belonging to Andean Medjedovic, the hacker allegedly behind the Indexed Finance and Kyberswap exploits, is active again after a year-long...
Tokenisation will balloon to $2tn despite DeFi turbulence, Standard Chartered says
Tokenisation will balloon some 5,600% to be a $2 trillion market by 2028, according to Standard Chartered. At the heart of the forecast is...
Aave-led 'DeFi United' campaign raises $300m to address Kelp DAO breach
A version of this story appeared in The Decentralised newsletter on April 28. Sign up here. There’s been a silver lining to this month’s...
Aave publishes plan to plug $246m hole left by Kelp DAO attackers
Aave and Compound are moving closer to plugging the $246 million hole left by the Kelp DAO hack. On Tuesday, DeFi United, a coalition of several...
Justin Sun announces $20m boost for Aave as he calls on lender to expand to his blockchain
Crypto mogul Justin Sun has announced a $20 million liquidity injection for Aave, and called on the top DeFi lender to expand to Tron, the...