Attacker moved ~$220M of remaining funds through THORChain, Wasabi, Tornado Cash, and Umbra. Only $1.7M traceable from the original $292M exploit.
$725M WETH borrowed at 70.7% utilization, borrow rate stays below 2% via stETH yield alignment. Design keeps rates stable even at high utilization.
Protocol unable to recover from the $50M 2024 exploit, DAO voted to cease operations and reduce borrowing caps to zero. Withdrawals and repayments remain open.
$60M+ pool in limbo over Strategy’s BTC sale timing (May vs. June). Onchain data shows May 29 transfer, but resolution criteria ambiguity delays settlement.
Concentrated liquidity with self-adjusting ranges, fungible LP tokens, no oracle dependency. Audited by Cantina and Certora.
🚨, Attacker abused a "delay module" in Gnosis Pay’s self-custody crypto card design, losses covered by Gnosis.
The episode covered a surge of institutional activity in crypto, highlighted hyper‑liquid derivatives platforms and AI‑related IPOs, and dove deep into Stellar’s expanding tokenization partnership with DTCC and its RWA growth.
The episode covered Anthropic’s confidential S‑1 filing and lofty valuation, MicroStrategy’s Bitcoin‑driven capital constraints, mounting regulatory pressures on U.S. crypto markets, and the looming tokenization of equities with DTCC’s Stellar rollout slated for 2027.
Arthur Hayes argues Hyperliquid’s fee‑return tokenomics and permissionless listing model position it to grab a sizable slice of the $150 billion crypto trading market, potentially reaching 10‑15% of Binance perpetual volume and driving a sharp token price increase.
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