Topic
Security breaches, exploits, and operational failures affecting cryptocurrency platforms, wallets, staking services, and DeFi protocols.
Chainlink's CCIP 2.0 cuts a transfer's default checks from two networks to one and lets institutions add their own verifiers back. Paying for the second check now falls to the bank or issuer, five months after a single-verifier bridge setup cost Kelp DAO $292 million.
Reality
Harmony blames state actors and AI agents for shutting the layer-1 it launched in 2019, and the money set aside to pay validators to power down is worth more than everything left locked on the chain it closes.
Perspective Coverage
3 publishersReality
Some 3,996 BTC left the Liquid Federation on Sunday through the one control designed to stop exactly that, which makes the open question where in the path the authorization came from, not whether the takers are honest.
Reality
Estimates of the loss run from $4M to $9M against the $72.77M locked in Moonwell, and the remedy was a borrow cap set to 1 wei, which is the tell that this was an underwriting choice rather than a bug.
Reality
A venue that makes markets with its own capital stopped trading on August 22. Counterparties are now sizing a balance sheet whose loss has not been disclosed.
Reality