On December 12, Aevo's dormant Ribbon Finance vaults lost $2.7 million — not to some novel cryptographic break, but to a routine oracle configuration change that had quietly stripp…
Paradigm led a $1 billion investment into Kalshi on December 2, 2025 , with participation from Sequoia, Andreessen Horowitz, Meritech Capital, IVP, ARK Invest, Anthos Capital, Capi…
USPD's smart contracts passed audit review and its unit tests held up fine. What the protocol failed to notice was that an outside party had been sitting in its admin role for near…
In 1969, Philip K. Dick imagined a door that would not open until its occupant paid it five cents — a scene from his novel Ubik that read, at the time, as satire aimed at a hyper-c…
An old, largely overlooked corner of the Yearn ecosystem became the site of a nine-figure — in token count, not dollars — minting event on November 30. A custom stableswap pool for…
On November 25, 2025, MegaETH — a Layer 2 network backed by Ethereum co-founders Vitalik Buterin and Joe Lubin's MegaLabs, which had just closed a $450 million token sale and carri…
GANA Payment, a payment protocol that had only just gone live on BNB Smart Chain, lost $3.1 million before its staking product had a chance to build any real track record. There wa…
Wallets connected to the LIBRA memecoin collapse — one of 2025's most notorious political crypto scandals — sat untouched for roughly nine months while holding $57.6 million. In No…
At 6:20 AM ET on November 18, 2025 , large portions of the internet simply stopped responding. There was no warning period — services that were working normally began throwing 500 …
A month after an earlier investigation described the circular relationship between Stream Finance and Elixir as an expensive piece of financial theater, the arrangement finally gav…
In just over an hour on November 3rd, an attacker drained more than $128 million from Balancer's Composable Stable Pools spread across multiple blockchains, in what PeckShield's li…
A stablecoin backed by a second stablecoin, which is in turn backed by the first, is not a novel financial primitive — it is an expensive loop that eventually has to be paid for by…
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