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Gordon Liao, Circle’s Chief Economist, submitted a governance proposal on April 22, 2026, calling on Aave to raise USDC borrow rates sharply on its V3 Ethereum Core market after a $292 million exploit against KelpDAO left the pool functionally frozen for four consecutive days. Key Takeaways: Circle’s Chief Economist Gordon Liao proposed raising USDC’s Aave … Read more
Industry participants are urging the U.S. Securities and Exchange Commission (SEC) to formalize its crypto guidance on decentralized tools, arguing clearer rules would reduce uncertainty and better align oversight with blockchain infrastructure. Key Takeaways: Over 30 crypto industry participants urged SEC to formalize DeFi guidance. Regulatory ambiguity around SEC broker rules threatens blockchain innovation. Commissioner … Read more
Volo Protocol, a liquid staking and BTCFi platform on the Sui blockchain, confirmed a $3.5 million security exploit this week, tied to a compromised vault admin private key. Key Takeaways: Volo Protocol lost $3.5 million from three Sui-based vaults on April 21, 2026, following a compromised admin private key. GoPlus Security and ExVul confirmed a … Read more
Curve Finance founder Michael Egorov is calling for industry-wide security standards after a wave of DeFi exploits. Investors say repeated failures are part of the sector’s evolution, not a sign of decline. Key Takeaways: Curve Finance’s Michael Egorov has urged for industry-wide DeFi standards after recent onchain exploits, targeting centralized weak points. Requests Ethereum and … Read more
A Dune Analytics report shows that nearly half of Layerzero applications rely on the lowest level of DVN security. The findings raise concerns about cross-chain risk following recent exploits. Most Layerzero OApps Rely on Basic DVN Security Configurations Nearly half of applications built on Layerzero are operating with the lowest level of security configuration, according … Read more
Hours after the Arbitrum Security Council froze 30,766 ether tied to the KelpDAO exploit, the attacker moved all 75,701 ETH, roughly $175 million, to the Ethereum mainnet and began bridging the funds to bitcoin. Key Takeaways: After Arbitrum froze 30,766 ETH ($71M), the KelpDAO exploiter moved 75,701 ETH ($175M) to the Ethereum mainnet. Peckshield confirmed … Read more
The Arbitrum Security Council froze 30,766 ether held by the KelpDAO exploiter on Arbitrum One, moving the funds to a protocol-controlled address before they could be bridged back to the Ethereum mainnet. Key Takeaways: Arbitrum’s Security Council froze 30,766 ETH worth roughly 70 million from the KelpDAO exploiter on April 21. Peckshield flagged the exploiter … Read more
An incident report published by Llamarisk to the Aave forum explains that a bridge exploit targeting KelpDAO’s Layerzero V2 rsETH route on Saturday allowed an attacker to extract 116,500 rsETH from Ethereum’s OFT adapter without burning any tokens on the source chain. Llamarisk’s report notes that this incident exposed Aave V3 markets to potential bad … Read more
Security trade-offs in cross-chain infrastructure are drawing sharper scrutiny as operational shortcuts threaten to undercut protections built into bridge designs. Ripple CTO Emeritus David Schwartz’s latest remarks tied those risks to RLUSD-related evaluations and broader collateral concerns. Key Takeaways: David Schwartz warned bridge security can weaken during real-world deployment. KelpDAO and rsETH scrutiny adds bearish … Read more
A $292M DeFi exploit is intensifying concerns over hidden vulnerabilities in cross-chain systems. The incident underscores how flawed trust assumptions can allow manipulated inputs to bypass safeguards and trigger undetected, large-scale asset issuance. Key Takeaways: Chainalysis flags a KelpDAO exploit exposing a critical failure in cross-chain trust assumptions. Analysis showed Layerzero design flaws can let … Read more