How Alpha Finance's Rebrands Left $32M in Iron Bank Deposits Frozen
Roughly $32 million remains locked inside smart contracts as Alpha Finance cycles through corporate identities. A rename to Stella did nothing to erase the $32 million in disputed …
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North Korean Wallets Probe Hyperliquid's Four-Validator Bridge, Sparking $210M in Withdrawals
Security researcher Tayvano raised an alarm on December 23, 2024, after identifying several DPRK-linked wallet addresses actively trading on Hyperliquid. The pattern, she argued, l…
Zama and Sunscreen Take Their Encryption Feud to French Court
A patent application the U.S. Patent Office turned down has resurfaced across the Atlantic, where it now anchors a legal fight between two companies building Fully Homomorphic Encr…
Polygon's Plan to Put $1.3B in Bridge Deposits to Work Collapses Under Community and Aave Pressure
A proposal to deploy $1.3 billion sitting idle in Polygon's PoS bridge into yield-generating strategies triggered weeks of public infighting between DeFi's largest lending protocol…
A Missing Reentrancy Guard Let an Attacker Drain GemPad's Token Locker Across Three Chains
An ordinary night across Ethereum, BNB Chain, and Base turned into a scramble when roughly $1.9 million in tokens locked through GemPad's platform was withdrawn without authorizati…
Manual Price Updates Cost Alpaca Finance Lenders Millions After Thena's Binance Debut
Relying on hand-updated price feeds in DeFi lending is a precarious strategy, and Alpaca Finance's approach to pricing has now produced millions of dollars in disputed losses . The…
Post-Audit Code Change Opens the Door to a $500K Reentrancy Hit on Clober DEX
Clober DEX's Liquidity Vault lost roughly $500,000 in a reentrancy exploit that struck the day before this report - a vulnerability class that has been documented in DeFi for years…
Hawk Tuah's $HAWK Token Craters 91% Within Hours of Solana Debut
Hailey Welch — known online as the "Hawk Tuah girl" — turned her viral internet fame into a Solana memecoin, and within three hours of launch had watched roughly $430 million in ma…
Parallel Finance's Polkadot Parachain Falls to a Vigilante After Months of Hidden Manipulation
Parallel Finance launched with an enviable resume: a Stanford-dropout founder in Yubo Ruan , a headline investment from Sequoia Capital , and the kind of polished narrative that ma…
When a Token Launchpad's Livestreams Turned Into a Theater of Self-Harm
A teenager positions a webcam in front of a noose already tied to his ceiling. Roughly 200 people are watching on pump.fun's livestream feature as he lays out his ultimatum: if his…
From Teenage DeFi Prodigies to SEC Defendants: The Rise and Collapse of Rari Capital
Rari Capital's trajectory ran from breakout success to regulatory censure, passing through two major exploits and a prolonged, disorderly wind-down along the way. Today, user funds…
Manifold Finance's FOLD Token Craters 98% as Founder Sam Bacha Goes Missing Behind a Wall of Memes
An estimated $126 million in value has evaporated from Manifold Finance, whose founder Sam Bacha has largely abandoned project updates in favor of posting memes, even as FOLD holde…
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