Hack
The $293 million KelpDAO hack shows why DeFi is finally being forced to grow up
For protocol founders and security researchers, the incident reinforced a broader shift underway across crypto: DeFi is no longer primarily battling coding bugs. It’s battling complexity.
Elliptic raises $120 million backed by Nasdaq, Deutsche Bank as AI reshapes crypto security
The crypto analytics firm plans to expand its AI-powered monitoring tools as stablecoins and tokenized finance grow rapidly, CEO Simone Maini said.
Drift outlines a recovery plan for users after $295 million DPRK-linked exploit
The lending protocol proposed tokenized claims, a revenue-backed pool and a security overhaul as it works with law enforcement to recover the stolen funds.
The $292M crypto hack exposed DeFi's weak spots. Here’s what must change, insiders say
As Wall Street moves onchain, the year's biggest crypto hack and DeFi crisis is forcing a rethink of risk, security and market structure, industry insiders told CoinDesk.
Wasabi Protocol drained of $4.5 million in apparent admin key compromise
The exploit used a playbook similar to Drift's $285 million breach earlier this month: a compromised deployer key with no timelock or multisig that drained funds.
Aave raises nearly 80% of the $200 million it needs to cover bad debt left by Kelp DAO exploit
Blockchain analytics platform Arkham said that the largest contributors are Mantle and Aave DAO, having raised a combined $127 million.
Schwab brings crypto to 38M users; North Korea 'simply' to blame for recent DeFi hacks
On this debut episode of CoinDesk's new show The Policy Protocol, co-hosts Renato Mariotti and Rebecca Rettig break down Schwab's rollout of crypto to nearly 40 million brokerage accounts and the Kelp DAO hack tied to North Korea. Ari Redbord, Global Head of Policy at TRM Labs, joins to make the case for going on offense against DPRK hackers and cracking down on non-compliant offshore exchanges.
Aave rallies DeFi partners to contain fallout from $292 million KelpDAO hack
Industry players are coordinating a recovery effort as the year's biggest crypto theft rattled Aave, with Lido and EtherFi being firsts to offer aid.
Inside the $71 million freeze on Arbitrum that has the crypto world questioning what decentralization really means
The emergency response prevented stolen funds from moving, but sparked debate over governance, control and the limits of decentralization on Layer 2s.
JPMorgan says persistent security flaws curb DeFi’s institutional appeal
A $20 billion hit from the KelpDAO exploit highlights systemic risks, while flat ETH-denominated growth and a shift to stablecoins point to ongoing fragility in DeFi.
