defi
THORChain Reopens Trading After Month Long Halt
THORChain has resumed trading after more than a month offline, marking the end of one of the more serious operational pauses in recent cross chain DeFi.
privacy
zero trust
Secret Network Bridge Exploited Via Forged Deposits, Draining $4.67M
An attacker has drained $4.67 million from an Axelar-linked bridge on the Secret Network. The incident, which occurred on 10 June but was not detected until 17 June, exploited a critical vulnerability in a third-party smart contract responsible for managing wrapped assets.
stablecoin
US Regulators Mandate Bank-Grade Identity Rules for Stablecoin Issuers
BREAKING: US agencies have proposed forcing stablecoin issuers to follow bank-style customer ID rules. The regulated digital dollar is being pulled deeper into the surveillance stack, with issuers positioned as the new compliance gatekeepers.
admin key
Aztec Connect Drained of $2.1M via ZK Proof Integration Flaw
Aztec Connect was already deprecated. The contracts were immutable. The funds were still there. That combination turned an old privacy bridge into a sitting target, and when the proof logic failed to bind what was verified to what was executed, $2.1M walked straight through the gap.
privacy
Meta’s Faceprint Glasses: The Surveillance Feature They Forgot to Hide
Meta did not just remove code. It exposed intent. Hidden inside the Ray-Ban companion app was the architecture for faceprints, recognition alerts and biometric scanning through wearable cameras. The glasses were not live, but the direction was clear.
privacy
State-Mandated Age Verification Systems Signal Global Digital Identity Push
Governments in Australia, Europe and Asia are enacting legislation that ends the old assumption of permissive, anonymous access to major digital platforms.
stablecoin
US Treasury Designates Iranian Crypto Exchanges, Escalating Digital Sanctions
The United States Treasury Department has sanctioned four Iranian cryptocurrency exchanges, designating them as entities supporting the Iranian regime. The action by the Office of Foreign Assets Control (OFAC) targets Iran’s largest exchange, Nobitex, alongside Wallex, Bitpin, and Ramzinex. The sanc
stablecoin
Court Reverses USDC Freeze, Forcing Privacy Protocol to Adopt Pass-Through Compliance
A United States court has ordered the reversal of a freeze on approximately $12.5 million of USD Coin (USDC) held within a smart contract operated by the privacy protocol Zama.
layer 2
Kelp DAO Exploit: $220M Laundered, Highlighting Limits of Centralised Intervention
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.
ethereum
Circle Freezes DeFi Contract via Court Order, Locking 12.6M USDC
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
bitcoin
US Treasury Seizes $1B in Iranian Crypto via Centralised Choke Points
The United States Treasury Department has seized approximately $1 billion in cryptocurrency assets linked to the Iranian state. The action, confirmed by Treasury Secretary Scott Bessent, is a component of Operation Economic Fury, a broad financial pressure campaign targeting Tehran.
ethereum
NEAR Protocol Activates Private Cross-Chain Swaps via Intents
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