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Crypto VC Funding Plunges to $659M in April, Hits 2024 Lows
Crypto venture capitalist (VC) funding plunged to a near two-year low in April as investors pulled back from crypto start-ups and early-stage companies.Crypto VC funding fell to $659 million across 63 funding rounds in April, down 74% from…
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DeFi’s Lose-Lose Problem on Freezing Stolen Funds
Decentralized finance (DeFi) protocols are stepping in to freeze stolen funds while centralized issuers face criticism for holding back.A recent intervention on Arbitrum saw attacker-linked assets frozen after a major exploit, while some…
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Crypto Hacks Hit $630M In April as DeFi Dominates Losses
The cryptocurrency industry has seen a sharp spike in hacks in April, with losses topping $600 million in the worst month for crypto hacks in more than a year.According to DeFiLlama, the total value hacked in April so far amounted to $629.7…
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DeFi Exploits Push Builders to Rethink Emergency Controls
Andre Cronje says much of decentralized finance is “no longer DeFi” in the strict sense, as builders debate whether circuit breakers and other emergency controls are now necessary to protect users from exploits.The Flying Tulip founder told…
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Aave Outlines Steps to Rebuild rsETH Collateral
Recovered tokens will be sent to a DeFi United multisig wallet, redeemed for ETH, and used to cover the shortfall across affected markets.
Aave has announced a recovery…
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MiCA Regime Puts Smaller Crypto Firms Under Pressure as EU Rules Tighten
The European Union’s Markets in Crypto Assets Regulation (MiCA) transition period is entering its final stretch, forcing smaller crypto firms across the EU to either secure authorization quickly or prepare to shut down regulated services.…
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Adam Back Addresses Satoshi Nakamoto Rumors at LONGITUDE Paris
Blockstream CEO Adam Back, the British cryptographer and inventor of Hashcash, said it’s “flattering” that people think he’s Satoshi Nakamoto and was probably the result of his being a little too “talkative” on the cypherpunk mailing list…
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MetaMask co-founder Dan Finlay leaves Consensys after 10 years
MetaMask co-founder Dan Finlay is stepping down from ConsenSys citing burnout, as long-time crypto figures such as Bitcoin advocate Preston Pysh also pull back from public roles.
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Arbitrum Freezes $70 Million in ETH Linked to KelpDAO Exploit in Emergency Security Move
Arbitrum's Security Council froze exploiter-held ETH after coordinating with law enforcement.
Arbitrum said its Security Council initiated an emergency intervention to…
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Kelp DAO exploiter launders nearly all 75,700 in stolen ETH through THORchain
The wallet linked to the Kelp DAO exploit appears to have laundered most of the $175 million worth of stolen Ether, while another $71 million remains frozen by Arbitrum’s security council.
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