The newly launched Firelight Protocol introduces staking rewards for XRP by way of a novel on-chain financial safety primitive designed to guard DeFi property from exploits. Enabling New Use Cases for XRP XRP, whereas being one of the largest crypto property by market cap, doesn’t have any native staking or yield alternatives. Firelight goals so…
Yearn Finance confirmed an energetic exploit affecting its yETH product on Sunday, after an attacker minted an successfully limitless quantity of yETH and drained liquidity from Balancer swimming pools. The incident triggered heavy on-chain motion, together with a number of 100 ETH transfers routed by means of Tornado Cash. Infinite-Mint Attack Drains Liquidity From Balancer…
As tokenization continues increasing into real-world asset lessons, blockchain builders are actually turning towards one of many web’s most established markets: domains. Today, Doma Protocol launched its mainnet, introducing what it calls the primary DNS-compliant blockchain infrastructure for reworking conventional Web2 domains into programmable DeFi property. The rollout goals to modernize the $360 billion secondary…
A rising coalition of decentralized finance advocates is pushing a brand new proposal they are saying might assist ease the monetary burdens confronted by low-income households worldwide. The initiative, backed by the DeFi Education Fund (DEF) and several other influential crypto coverage teams, argues that decentralized monetary instruments might save individuals up to $30 billion…
It might be labeled as crypto’s November Nightmare. DeFi protocol Balancer was exploited to the tune of $128 million. Also, Stream Finance introduced a lack of $93 million, resulting in the depegging of its xUSD stablecoin. Both occurred on November 3. Decentralized finance is inclined to dangers, which might cascade into additional systemic issues. And…
Decentralized finance (DeFi) business suffered one in all its hardest weeks in months as complete worth locked (TVL) throughout main networks fell sharply. According to Sentora knowledge, DeFi protocols on Ethereum, Solana, Arbitrum, BNB Smart Chain, and Base all recorded double-digit declines. Ethereum Leads DeFi TVL Pull Back This mirrored a broad pullback in person…
A minor rounding error hidden deep inside Balancer’s good contracts has led to one of many largest decentralized finance (DeFi) exploits of 2025, draining more than $128 million from its Composable Stable Pools (CSPs) throughout a number of blockchains. The exploit started on November 3 at 07:46 UTC and was first detected by Hypernative’s automated…
Berachain has executed an emergency arduous fork to lure a hacker’s funds following a serious breach on decentralized finance (DeFi) protocol Balancer, which noticed over $128 million stolen from its V2 Composable Stable Pools. This is completed to comprise the fallout from the current Balancer V2 exploit, freezing funds linked to the attacker and coordinating…
Apriori, a buying and selling infrastructure startup backed by Binance founder Changpeng Zhao’s enterprise arm, is going through scrutiny after blockchain information revealed that 1000’s of newly created wallets secretly claimed most of its token airdrop. On October 23, Apriori distributed its APR token throughout Ethereum and BNB Chain as half of a “Genesis Airdrop”…
A New York chapter courtroom has granted provisional reduction to Singapore-based liquidators overseeing the collapse of Multichain Foundation Ltd., directing stablecoin issuer Circle to maintain wallets holding tens of millions of {dollars} in stolen USD Coin (USDC) frozen. Judge David S. Jones of the U.S. Bankruptcy Court for the Southern District of New York issued…