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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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Resolv Labs’ Stablecoin Depegs Amid Exploit
A stablecoin tied to the crypto project Resolv Labs has lost its peg to the US dollar after an attacker was able to exploit the token’s contract to create millions of tokens for themselves.Resolv Labs posted to X on Sunday that it had…
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Wall Street Will Eventually Submit To The Rules Of DeFi
Opinion by: Mitchell Amador, founder and CEO of ImmunefiThere’s an argument that regulation will split decentralized finance (DeFi) into two separate silos: one regulated and compliant and the other completely open and accessible by anyone,…
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Aave Deploys V4 on Ethereum After Governance Approval
Decentralized finance (DeFi) lending platform Aave has launched its V4 protocol on Ethereum after a binding onchain governance vote cleared its deployment. On Monday, Aave announced the launch of its V4 protocol on Ethereum, introducing…
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OKX Integrates Aave on Ethereum L2 X Layer
OKX’s X Layer is the 21st blockchain to integrate Aave, which recently surpassed the $1 trillion mark in cumulative lending volume.Aave, the largest decentralized lending protocol with $23.5 billion in total value locked, has launched on X…
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Lummis Says CLARITY Act Offers Strong DeFi Protections
US Senator Cynthia Lummis has dismissed claims that the Digital Asset Market Clarity Act fails to protect decentralized finance innovators from legal repercussions, rebutting that recent changes to the draft will make it the “strongest…
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