The founder of Ondo Finance, Nathan Allman, passed away, the firm said in a post on X on Tuesday, without saying why. The new chief executive officer is Ian De Bode, a longstanding president of Ondo who has been in charge of strategy, products, and daily operations for more than two
DeFi protocol Echo Protocol, which runs on the Monad blockchain, was compromised when an attacker minted around 1,000 eBTC without authorization. On Tuesday, the hacker created 1,000 synthetic Bitcoin (eBTC) with a value of around $76.7 million; both Lookonchain and analytics platform and blockchain security company PeckShield reported this. Echo Protocol said on Tuesday: “We
Finally, Aave Labs has taken a step toward reestablishing rsETH backing and paying impacted users by liquidating the remaining rsETH assets on Ethereum and Arbitrum held by the Kelp DAO attacker. According to X post, Aave announced this on Wednesday, calling it a “critical step” in the “DeFi United” recovery
On Monday, decentralized finance protocol Aave took swift action by filing an emergency motion in New York. The purpose was to overturn a restraining order issued by a US law firm, which had been put in place to prevent Arbitrum DAO from releasing 30,766 frozen Ether to the victims of the Kelp
According to a post by Arkham on Saturday on X, the biggest decentralized finance (DeFi) exploit of the year left Aave with $200 million in bad debt, and the platform has raised around $160 million to pay it. Arkham stated: “AAVE have so far raised $160M to cover the bad
The results of Falcon Finance’s first Independent Quarterly Audit Report on USDf Reserves, which was carried out by the audit firm Harris & Trotter LLP, were released today. The report reaffirms Falcon Finance’s dedication to openness, stability, and compliance-first design by confirming that all USDf tokens in circulation are completely backed
An alternative being considered by the US Department of the Treasury is incorporating identity verification into decentralized finance (DeFi) smart contracts; nevertheless, there are other potential uses for digital identification tools and other new technologies in the battle against criminal financing in cryptocurrency markets. Recently passed into law, the Genius
Customers who had their funds stolen in the recent Arcadia Finance theft were reimbursed by Crypto-native insurance alternative Nexus Mutual. An notification made public on Monday said that Nexus Mutual has paid out around $250,000 to customers who had their money stolen in the Arcadia Finance attack. A theft occurred in
The decentralized finance (DeFi) sector witnessed a massive revenue downturn in March 2025. Most of the major protocols across multiple blockchains reported over 50% decline in their revenues. Defi protocols generate their revenue from transaction fees, lending fees, and other service charges. The drop in revenues indicated a decline in
As we enter another weekend of bearish prices, investors contemplate buying the dip or selling for a loss. Bitcoin has dipped to the $83K level, just two days after testing $88,000. This has caused the overall market also to descend downwards with significant drops seen in leading altcoins. Meanwhile, Ethereum
