Tag #DeFi
49 stories03.10
Scoop: Russia's banks hunt crypto talent with Hyperliquid, Aave experience as sanctions bite
Behind Russia's public crypto plans, bank recruitment notices describe a more detailed buildout from cross-border liquidity to DeFi risk, The Coinformer found.
01.10
BitMart said "no user assets will be harmed." Now it says the 2021 hack left a lasting $320M deficit
BitMart originally put its 2021 hack at about $150 million and promised to make users whole. Its new restructuring plan tells a completely different story.
30.09
"Staying silent since the hack was a mistake." Ostium fixed its lender problem before finalizing recovery for larger victims
Ostium has settled a roughly $15 million lender fight. Its largest hack victims still don't know how much they'll ultimately get back.
29.09
Compound Foundation denies misusing DAO reserves that later became its voting power
Nearly $8.4 million in Compound DAO reserves was converted into COMP that later became part of the Foundation's voting power on its own $52 million funding proposal.
19.09
Oracle provider Switchboard shuts down, blames AI and shrinking budgets weeks after breach
Switchboard is shutting down just weeks after an oracle compromise cost two DeFi protocols hundreds of thousands of dollars.
15.09
Base led stablecoin volume, but 99.9% was filtered out as non-economic activity
Base looked like crypto's biggest stablecoin network in August until a stricter filter erased 99.9% of its reported transfer volume.
09.09
Ethereum's stablecoin gas payments come with a front running risk
Ethereum's plan to let users pay gas with stablecoins could leave sponsors exposed if users move their tokens before transactions land on-chain.
26.08
Coinbase says fraud controls can lock users out indefinitely as ex-Solana exec gets hit
Coinbase temporarily restricted ex-Solana strategy lead after a routine transfer, echoing account access problems the exchange admits can persist indefinitely.
23.08
Deel tells workers they can "earn rewards" on their pay. Under the hood, it goes into a Bitcoin-backed DeFi lending vault
Deel lets contractors earn "rewards" on their pay, while the product underneath routes opted-in balances into a Bitcoin-backed DeFi lending vault.
18.08
Compound Foundation asked for $52M. Its own vote cleared quorum
The Compound Foundation cast nearly half of all votes for the $52 million development program it proposed, an analysis by The Coinformer found.
17.08
DeFi's crypto lending comeback lasted less than a year, data shows
The value of loans on DeFi apps halved from last year's peak, putting centralized lenders back on top.
23.07
Crypto companies turned DeFi into one-click savings. Then came an SEC warning
An SEC warning about crypto vaults arrived just as Coinbase, Robinhood and Aave pushed the products toward mainstream users.
16.07
Just 2 of 142 jurisdictions have licensed a DeFi protocol, FATF finds
Regulators are struggling to find anyone to license in the DeFi sector, built to operate without a conventional company in charge.
16.07
1inch co-founder says the company fired him in late 2025. Now, he's building another DeFi startup
Anton Bukov says 1inch fired him eight months ago and removed him from its operations, although he remains a co-founder and 50% shareholder.
14.07
DeFi spent years waiting for Wall Street. One of the world's largest VC firms says they don't want it
Andreessen Horowitz's crypto arm says institutions want tokenized assets, not financial systems they can't control.
10.07
Ondo said it brought "real" stock trading to Solana. Backpack's CEO said the stocks weren't real at all
Ondo Finance sold its new Solana tokens as real stock trading, then Backpack's CEO dragged the argument to the only place marketing hates, the exit.
08.07
Coinbase Ventures-backed DeFi portfolio Zapper shuts down after failing to find a way forward
DeFi portfolio tracker Zapper will shut down its website, mobile apps and API on Aug. 3.
02.07
DL News gets new owners. But DefiLlama says "don't trust anything" from it
DefiLlama says new owners have taken over DL News and its assets, weeks after the crypto publication said it was shutting down.
29.06
DeFi manager Stream Finance opens creditor form after $93M loss
Stream Finance, a DeFi yield manager whose xUSD token collapsed after a reported $93 million loss, has started collecting claim information from victims.
27.06
DefiLlama launches new service for data blockchains can't show
DefiLlama is launching a new service to verify off-chain data just a few days after a proof-of-reserves failure triggered chaos.
26.06
Dreamcash sunsets CASH markets, says USDT deployer model no longer works
Dreamcash sunsets its CASH markets on Hyperliquid, saying the hoped-for neutrality between deployers on HIP-3 didn't materialize.
25.06
Kraken Aave deal talks put DeFi lender into IPO-era expansion plan
Kraken is reportedly weighing a stake in Aave, turning the DeFi lender's post-crisis rebuild into part of Payward's broader expansion before a possible IPO.
20.06
Analysts flag contagion risk as MainStreet's MSUSD crypto crashes 87%
MSUSD crypto, a dollar-pegged token meant to stay near $1, plunged after verification provider Accountable said MainStreet failed to meet its standards.
19.06
Axelar incident drains $4.6M from Secret Network bridged assets
Axelar hack hit assets bridged to Secret Network, with about $4.67 million worth of tokens taken, the project said.
19.06
Aave eyes Circle's Arc blockchain with guaranteed $2M revenue
Aave is considering becoming one of the first DeFi protocols on Arc, under a proposal that guarantees at least $2 million in annual revenue.
17.06
Aster tokenomics change turns 99% of fees into ASTER buyback
ASTER buyback now uses 99% of daily platform fees, with Aster matching each buyback by burning the same amount from reserves.
16.06
AAVE price could soar 133% in Grayscale base case
AAVE price could rise to $175 within a year if stablecoins, tokenization and regulation help DeFi lending grow, Grayscale Research said.
15.06
Hyperliquid-powered Ventuals shuts down despite $650M in trading volume
Crypto trading platform Ventuals shuts down, ending an experiment that brought pre-IPO and traditional markets on Hyperliquid.
10.06
Bitcoin DeFi layer Botanix shuts down one year after mainnet launch
Botanix shuts down its network after a four-year bet on tokenless Bitcoin DeFi failed to generate enough real usage.
09.06
Claude Fable launch frustrates crypto researchers with excessive safeguards
Claude Fable is already drawing pushback from crypto security researchers who say Anthropic's new model falls back too quickly.
09.06
Aave risk provider drafts proposal to give veto power after KelpDAO hack
Aave might be getting a stricter risk framework that could block tokens with weak controls after the KelpDAO hack rattled its lending markets.
05.06
Paradigm-backed launchpad MetaDAO seeks $2M to back smaller token launches
MetaDAO is considering a $2 million USDC proposal to seed an activist fund that would invest only in MetaDAO raises.
04.06
Bitcoin DeFi layer Stacks drafts proposal for Bitcoin staking
Stacks wants to give Bitcoin holders native BTC yield, but the plan comes with a catch for STX holders.
01.06
DPRK-hacked Radiant Capital winds down after failing to recover from $50M exploit
Radiant Capital is winding down active development after failing to recover funds from a $50 million-plus exploit tied to North Korean hackers.
29.05
Arbitrum Foundation asks DAO for nearly 2x its 2025 profit
The Arbitrum Foundation is asking the DAO for roughly $43.5 million for another year, while Arbitrum reported about $23.5 million in gross profit in 2025.
27.05
DefiLlama MegaETH TVL cut draws pushback from economics lead
MegaETH TVL is under scrutiny after DefiLlama said it removed some TVL for a chain "that was inflating it."
27.05
OpenZeppelin founder says AI makes DeFi unsafe, urges exits from Aave, Compound
OpenZeppelin co-founder says even big protocols like Aave, MakerDAO or Compound are unsafe.
23.05
DeFi lending drops 51% from peak as Q1 borrows fall 14%
DeFi lending has been cut in half from its 2025 peak after a rough first quarter of exploits, falling token prices and users pulling money from markets.
22.05
Polymarket exploit could have put $453M at risk, ex-Monad head of DeFi says
Ex-Monad head of DeFi says the recent Polymarket exploit could have been way worse.
22.05
MegaETH points program abruptly ends three weeks after launch
The developers said they decided to sunset points "after reviewing data," though they didn't disclose which metrics pushed them to shut the campaign early.
21.05
Hyperliquid price sets new record as HYPE jumps 50% in one month
HYPE is close to becoming one of the top three best-performing tokens among the top 100 cryptocurrencies by market cap over the past 30 days.
21.05
THORChain report says hacker bonded $370K in RUNE before $10.7M vault drain
The post-mortem report suggests the hacker risked about $370,000 in bonded RUNE to enter the validator set two days before the attack.
20.05
LayerZero drops 1-of-1 verifier setup after KelpDAO hack
The company now says its own verifier will no longer sign as the sole required attestor.
20.05
Drift angers users by returning insurance fund stakes while exploit victims wait
The exchange says insurance fund depositors will be able to withdraw when the protocol relaunches, angering victims still waiting for compensation.
19.05
Trump-backed WLFI treasury says losses "raise substantial doubt" about survival
AI Financial, a Nasdaq-listed firm tied to World Liberty Financial, warned that its losses raise doubt about whether it can keep operating in 2027.
17.05
KelpDAO cuts support for its restaking token on 20 blockchains
The protocol urged users to bridge the token back to Ethereum mainnet by June 15.
15.05
THORChain halts trading after $10.7M vault compromise
THORChain paused trading after detecting abnormal vault activity, saying the loss appears limited to protocol-owned funds.
14.05
Money wins. The Hyperliquid stablecoin war ends where it started
Hyperliquid tried to move beyond USDC with USDH, but the final deal looks more like a renegotiation than a retreat.
11.05
Ethereum treasury Sharplink teams up with Galaxy to back DeFi
The joint venture will deploy capital across DeFi liquidity protocols and other on-chain yield-generating strategies.
