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Drift Says Nonce Attack Drove Exploit as Circle Faces USDC Scrutiny

Drift Protocol, a Solana-based decentralized exchange (DEX), confirmed Thursday it was targeted in a roughly $280 million exploit, describing it as a “highly sophisticated operation.”The platform took to X on to share its findings from a…
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World Liberty Moves Toward WLFI Unlock Vote After Complaints

Decentralized finance (DeFi) platform World Liberty Financial said Friday it plans to put forward next week a governance proposal that would set a phased unlock schedule for WLFI tokens held by early retail purchasers.The Trump…
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North Korean Cyber Spies Are No Longer Just Remote Threats

This month’s $285 million exploit on Drift, a decentralized exchange (DEX), was the largest crypto hack in over a year, when exchange Bybit lost $1.4 billion. North Korean state-backed hackers were named as prime suspects in both…
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Perp DEX Trading Cools as Volumes Slides For Five Straight Months

Onchain perpetual futures trading has cooled for five straight months since peaking in October 2025.Perp volume on decentralized exchanges (DEXs) fell to $699 billion in March 2026 from October’s $1.36 trillion, according to DefiLlama…
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Polymarket Grabs 97% of Onchain Prediction Market Fees After Overhaul

Polymarket has become one of decentralized finance’s most profitable protocols after a pricing overhaul, generating about $7.1 million in fees in the first week of the second quarter, according to new data.That pace implies an annualized…
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Expert Says North Korean IT Workers Helped Build Top Protocols During DeFi Summer

North Korean developers weren't faking resumes, said Taylor Monahan, who went on to add that they were actively building prominent DeFi platforms and later enabled billions in crypto losses.…
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Crypto Token Glut Is Diluting Value And Breaking Investor Returns

The rapid growth in the number of crypto tokens is outpacing the value they generate, creating an “existential” problem for the industry, according to Michael Ippolito, co-founder of Blockworks.In a series of posts on X, Ippolito noted that…
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Drift Seeks Contact With The Hacker After $280M Exploit

Drift Protocol, a Solana-based decentralized exchange (DEX), said Friday it had opened onchain contact with wallets tied to funds stolen in the exploit that outside firms have estimated at roughly $280 million to $286 million.Drift said on…
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Aave V3 Avoided Unrecovered Bad Debt From 2023 to 2025: Study

A Bank of Canada staff paper found that Aave V3 reported zero non-performing loans in 2024, with overcollateralization and automated liquidations helping prevent lender losses in its Ethereum lending market.Using transaction-level data from…
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DeFi Is Optimizing For gas, Not For Markets

Opinion by: João Garcia, DevReal lead at Cartesi.Decentralized finance presents itself as a transparent alternative to Wall Street. Yet, what it has largely reconstructed is a simplified version of finance, engineered less around market…
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