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Hinkal stablecoin protocol exploited, $820K USDC stolen via smart contract flaw.

Market News
04 Jul 2026
AMBCrypto
View Source
Bearish
pluang ai news

The Hinkal stablecoin privacy protocol was exploited due to a flaw in its smart contract, allowing an attacker to steal about $820,000 worth of USDC. The attacker manipulated the prooflessDeposit() function and executed multiple transact() calls, bypassing deposit validation and cryptographic proof checks. This incident highlights ongoing risks in decentralized finance (DeFi) from coding vulnerabilities, despite no inherent flaws in DeFi itself. The exploit adds to a rising trend of DeFi hacks in 2026, though total losses remain lower than in 2025.

More News

MARS2 AI competition launches at ECCV 2026 with $100K prize to advance multimodal reasoning in industry.

MARS2 AI competition launches at ECCV 2026 with $100K prize to advance multimodal reasoning in industry.

The MARS2 Multimodal Reasoning Competition, sponsored by Tec-Do and MiniMax, has been officially launched to coincide with the ECCV 2026 conference. With a $100,000 prize pool, the competition challenges AI models to perform complex, open-world reaso...

Others
Neutral
1 hour ago
ProShares Russell 2000 Dividend Growers ETF downgraded to Hold due to downside risk and high valuation.

ProShares Russell 2000 Dividend Growers ETF downgraded to Hold due to downside risk and high valuation.

The ProShares Russell 2000 Dividend Growers ETF (SMDV) has been downgraded from Buy to Hold because of downside risk and a negative projected return over the next six months. Although SMDV has rallied significantly, it still underperforms the S&P 500...

Analyst Insights
Bearish
4 hours ago
Revolut to delist USDT stablecoin by end of August due to regulatory risks

Revolut to delist USDT stablecoin by end of August due to regulatory risks

Revolut announced it will remove support for USDT, the largest stablecoin, from its platform by the end of August citing regulatory and risk concerns related to EU crypto rules. Users must act before the deadline to sell, convert, or withdraw USDT ho...

Market News
Bearish
4 hours ago
Bhutan moves 700 BTC worth $43.75M to Binance as Bitcoin trades above $62K, sparking market watch.

Bhutan moves 700 BTC worth $43.75M to Binance as Bitcoin trades above $62K, sparking market watch.

The Royal Government of Bhutan transferred 700 BTC, valued at about $43.75 million, to Binance in two transactions, drawing attention amid Bitcoin's rise above $62,000. This move follows previous large transfers from Bhutan-linked wallets, which stil...

Market News
Neutral
4 hours ago
DoubleLine Yield Opportunities Fund offers 9.93% yield but trades at a 6.99% discount amid coverage challenges.

DoubleLine Yield Opportunities Fund offers 9.93% yield but trades at a 6.99% discount amid coverage challenges.

The DoubleLine Yield Opportunities Fund (DLY) provides a diversified fixed income portfolio with a high dividend yield of 9.93% and uses 15.98% leverage. Currently, DLY trades at a 6.99% discount to its net asset value (NAV), which is deeper than its...

Market News
Neutral
4 hours ago
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