Blowup Alert
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Treasury raiders have set their sights on Gnosis DAO, launching a massive redemption proposal
Radical investors have proposed that the Gnosis DAO redeem over $220 million from its treasury, sparking debate within the DeFi community regarding arbitrage versus ecosystem development.
Saul Gone (Crypto Season): A Law Firm Specializing in Victims of Annoying North Korean Hackers
U.S. law firm Gerstein-Harrow has filed for a restraining order, demanding that the Arbitrum DAO refrain from accessing approximately $71 million in ETH assets frozen in connection with the Kelp hack, arguing that these funds should be used to satisfy a compensation judgment stemming from a North Korea-related case settled 26 years ago.
300,000 user records exposed in Polymarket security breach, sparking intense controversy
Hackers claim to have obtained 300,000 data records from Polymarket; the platform responds that the data was publicly available and characterizes the incident as a feature rather than a vulnerability, sparking controversy over whether a data breach occurred and the platform's security responsibilities.
$786 million stolen this year—don't blame AI for DeFi's security crisis
Social engineering attacks in the cryptocurrency space have surged, with hackers exploiting psychological manipulation to deceive employees, leading to frequent major thefts such as those involving Drift, making DeFi a primary target.
How Was $292 Million Laundered from Theft Back into the Market?
Kelp DAO suffered a $292 million attack, with hackers exploiting DeFi protocols to launder assets through steps including coin mixing, lending, and cross-chain transfers, ultimately converting them into cash via Tron-based USDT and over-the-counter transactions, exposing structural vulnerabilities within the DeFi ecosystem.
Tether Collaborates with U.S. Sanctions to Freeze $344 Million in Involuntary USDT, Sparking Further Controversy Over Stablecoin's "One-Click Freeze" Authority
Tether collaborates with the U.S. Department of the Treasury to freeze $344 million in USDT on the Tron blockchain, marking the largest single compliance enforcement action in history and triggering concerns within the community about the censorable nature of stablecoins.
At a cost of 11.5% annualized returns, will MicroStrategy's STRC face a reckoning?
Saylor leverages the STRC instrument to amplify Bitcoin exposure, temporarily boosting capital inflows and price, but long-term dividend pressures and potential risks may undermine the company, with cascading effects possible under extreme scenarios.
North Korean Hackers Ramp Up to $500 Million in a Month, Emerging as Top Threat to Crypto Security
North Korean hackers stole over $500 million in just three weeks, shifting their attacks to infrastructure vulnerabilities and infiltrating internal personnel.
Attacking humans is easier than attacking code—recovery rate of stolen funds in Web3 is now under 10%
Frequent hacker attacks and recovery rates below 10% remain key barriers deterring institutional investors from entering the market.
Stolen $292 Million — Who Should Be Held Accountable?
Aave suffered bad debt due to a governance failure that led to the Kelp attack, with ordinary depositors bearing the losses.
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