Institutional confidence around cross-chain infrastructure weakened sharply after the $292 million LayerZero-linked exploit exposed deeper bridge-security risks. Liquidity allocators also started reassessing …
Exploit
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In brief On-chain investigator ZachXBT flagged a suspected drain from a wallet linked to Polymarket’s Polygon infrastructure Friday. Polymarket devs said an …
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Markets
Echo Protocol suffers $76 million exploit in eBTC minting attack on Monad
by shayaanby shayaanThe Bitcoin-focused DeFi protocol suffered an attack whereby about 1,000 unauthorized eBTC $77 million were minted on the Monad blockchain www.coindesk.com
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DeFi
Lombard migrates $1B in Bitcoin-backed assets to Chainlink CCIP after $292M exploit shakes LayerZero confidence
by shayaanby shayaanLombard Finance, one of the largest Bitcoin-native liquid staking platforms in DeFi, is moving more than $1B in Bitcoin-backed assets off LayerZero’s …
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After initially framing the exploit as a developer configuration failure, LayerZero said it “owns” the decision to let its own verifier secure …
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DeFi
Aave stabilizes liquidity after rsETH exploit – Are risks fully contained now?
by shayaanby shayaanAave’s [AAVE] recovery process gradually shifted from emergency containment to coordinated ecosystem stabilization after the rsETH exploit shook DeFi markets. On 6 …
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Decentralized finance protocols are reevaluating their blockchain oracle providers’ security after the fallout from the $293 million Kelp DAO exploit last month. …
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Miami — Aave Labs is set to fundamentally reshape how it assesses and lists collateral assets on its protocol, following the largest …
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DeFi
Tydro pauses all markets over oracle issues weeks after aiding Aave’s exploit recovery
by shayaanby shayaanTydro, the Aave-powered lending protocol on Ink with $247 million in deposits, halted all markets on May 4 after detecting problems with …
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Aave struggles to bring back borrowers and lenders since the Kelp DAO hack. The DeFi protocol started a campaign to rebuild the …