The actor responsible for the 18 April exploit of Kelp DAO has successfully laundered approximately $220 million of the $293 million in stolen assets. The funds, originally drained as 116,500 restaked ETH (rsETH), were laundered over six weeks using a multi-stage, cross-chain process.
The Gravity Bridge, a protocol for asset transfers between Ethereum and Cosmos ecosystem chains, has been halted by its validators. The action followed a security incident where an attacker drained approximately $5.4 million in digital assets from the bridge’s primary Ethereum smart contract. The st
On 30 May, Circle, the issuer of the USDC stablecoin, executed a freeze on a smart contract address belonging to the privacy protocol Zama. The action, taken in compliance with a court-ordered restraining order, has immobilised approximately 12.6 million USDC. The target of the legal action is a sin
The NEAR Foundation has announced the activation of a confidential payments feature built upon its new Intents protocol. The initial implementation enables users to execute private cross-chain swaps, sending NEAR tokens from the NEAR network and receiving ETH on the Ethereum mainnet. The system is d
On 17 May 2026, an attacker exploited a vulnerability in the Verus-Ethereum bridge, extracting digital assets valued at approximately $11.6 million. The stolen assets, which included various tokens native to the Verus ecosystem, were immediately swapped for Ether (ETH) on decentralized exchanges. Th
Read pMINT as a leveraged social wrapper on pDAI conviction, not as free yield. Then decide whether that is a feature or a warning.
THORchain is offline. The entire network was halted by its operators after an attacker drained roughly $10.8 million from its liquidity pools on May 15th. All swaps, deposits, and withdrawals are frozen. The theft hit native assets from Bitcoin, Ethereum, BNB Chain, and Base, and the protocol's RUNE
The moment crypto threatened the system, taxation became the leash... and most men put the collar straight back on.
Modern crypto promised decentralization, yet much of the industry now bends under pressure. From Tornado Cash sanctions to halted chains and curated frontends, this deep dive explores why immutable systems like PulseChain may represent the next true evolution of blockchain sovereignty.
For years, stablecoins existed in a strange parallel world. Billions of dollars moved across blockchains every single day, yet most of the infrastructure lived outside the traditional banking system. Regulators circled it cautiously. Governments studied it quietly behind closed doors. Banks largely
Seven hundred million dollars went dark on a Sunday, on purpose. Not after a hack, but moments before a suspected state-sponsored crew could drain the system. The protocol is Tydro, the dominant application on the Ink Layer 2 network. Its defensive shutdown shows how fragile even mature digital capi
Anchorage Digital is preparing to onboard roughly twenty banks and technology corporations as stablecoin issuers, consolidating the post-GENIUS Act market into a single federally chartered chokepoint. The firm has reportedly secured every meaningful issuance mandate awarded inside the United States