ZetaChain dismissed bug report that could have prevented $334K exploit
The vulnerability behind ZetaChain's $334,000 exploit had been reported through its bug bounty program before the attack but was dismissed....
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Andre Cronje says DeFi is ‘no longer DeFi’ as builders debate circuit breakers
Andre Cronje argues modern DeFi protocols are no longer truly decentralized, functioning as teams running for-profit businesses with upgradeable contracts and admin controls. The Flying Tulip founder advocates circuit breakers for emergency response during abnormal withdrawals, while Curve's Michael Egorov warns such safeguards create new human vulnerabilities and centralization risks. Recent exploits like Drift Protocol and Kelp highlight operational risks beyond smart contract audits.
Stellar’s CMO says crypto must ditch hype and “get rich slow” to win mainstream trust
Stellar's CMO Jason Karsh argues crypto must abandon hype-driven narratives and focus on long-term value creation to gain mainstream trust. He criticizes the industry's reliance on "esoteric" jargon alienating everyday users and positions stablecoins as the killer gateway product. Stellar itself targets institutional adoption through cross-border payments and tokenization infrastructure rather than speculation, aiming to move trillions on-chain.
DeFi shaken by $292 million hack, but showing resilience, Standard Chartered says
A $292 million KelpDAO exploit hit AAVE and sparked liquidity crunches across DeFi, causing deposit declines and loan contractions. Standard Chartered says the sector demonstrated resilience through a $300 million industry backstop, enabling rapid recovery. The bank maintains its $2 trillion tokenized RWA forecast by 2028, though security remains a critical constraint on institutional adoption.