The Kelp DAO hacker has laundered nearly all of the approximately $220 million stolen in an April bridge exploit, moving funds through privacy services like THORChain, Umbra, and Tornado Cash, making recovery difficult. Only about $1.7 million remains in the original wallets, while $71 million worth of 30,766 ETH frozen by Arbitrum is still subject to legal proceedings. The exploit is linked to the North Korean-backed TraderTraitor group, part of the Lazarus operations. Recovery efforts now focus on frozen assets and legal enforcement rather than tracing laundered funds.
Aave, a decentralized finance protocol, has fully restored liquidity to its lending pools after a $300 million cross-chain exploit drained assets. The attacker minted fake tokens and used them as collateral to borrow large amounts of Ethereum-based a...
Leading cryptocurrencies like Bitcoin and Ethereum experienced significant price declines, with Bitcoin falling about 6.57% to $66,870 and Ethereum dropping nearly 5% to $1,901.68. This broad market sell-off reflects investor caution and potential pr...
Renzo Protocol has transitioned the management of its Reserve vault's USCC tokenized fund from Superstate to Bitwise, effective June 1, 2026. The fund is now rebranded as the Bitwise Crypto Carry Fund, with Superstate maintaining on-chain infrastruct...
Aave announced a major update to its risk management after a $230 million exploit involving rsETH tokens in April 2026. The attack was not due to flaws in Aave's smart contracts but stemmed from a compromised cross-chain bridge used by KelpDAO, which...
Aave's $230 million rsETH exploit was traced to a failure in KelpDAO's LayerZero bridge, not Aave's smart contracts. Attackers forged a cross-chain message to mint unbacked rsETH, exposing risks in bridge verification systems. In response, Aave is ov...
