DeFi
Insights and advancements at the advent of decentralized finance.
Binance Hacker Hunts for Exit Ramps as DeFi Exchanges Pause Markets
The attacker behind the wallets draining Binance is using decentralized exchanges such as Uniswap and Aave as exits, swapping stablecoins that issuers can freeze for Ethereum that nobody can, according to Etherscan records for 10 wallets, eight of them labeled as exploiters. Earlier today, wallets linked to the world’s largest crypto exchange were drained of at least $5.5 billion, with the total tally still climbing. The company said it was investigating the security incident but did not confirm...
Aug 31, 2026
DeFi
Crypto.com's Cronos Halts Entire Blockchain After $75M Tectonic Exploit
Cronos switched off its entire blockchain on Sunday to contain an attack on DeFi lending protocol Tectonic, freezing every position on the network in the process. Tectonic enables users to deposit crypto for others to borrow against posted collateral, earning interest in return. It was the first such protocol to launch on Cronos and remains by far the largest, holding close to half of all the capital deposited across the network's DeFi apps. The next-biggest lender on the chain, Mimas Finance, h...
Aug 13, 2026
DeFi
Ethereum DeFi Platform Ether.fi Adds Tokenized Stocks and Portfolio-Backed Loans
Ether.fi, a decentralized finance platform known for Ethereum staking, is adding tokenized asset trading, portfolio-backed loans, and fiat accounts to its self-custodial app. Announced on Thursday, Ether.fi said users can now trade tokenized stocks, metals, and crypto assets through its app. An integrated market using decentralized lending protocol Aave on Optimism, an Ethereum scaling network, also lets users lend assets, borrow against their portfolios without selling their holdings, and send...
Aug 12, 2026
DeFi
Harmony's ONE Sinks 37% After Attacker Mints 4 Billion Tokens
Layer-1 blockchain Harmony has confirmed it was exploited after an attacker minted roughly 4 billion ONE tokens without authorisation, sending the token down 37% to about $0.00077, per CoinGecko data. On-chain analyst Juiceberg flagged the mint early Wednesday, putting it at close to 4 billion tokens, or about 26% of the supply, and saying the tokens had been created through empty blocks. Around 2.8 billion were funnelled onto exchanges as the price fell. In a follow-up tweet, the analyst said...
Aug 7, 2026
DeFi
Tokenized Asset Deposits Tripled to $7.4B as DeFi Shrank: CoinShares
Deposits of tokenized real-world assets into decentralized lending platforms and exchanges more than tripled over the past year, climbing from $2.3 billion to $7.4 billion, while total deposits across DeFi fell by approximately 15%. The figures come from The Growth of Hybrid Finance, published Thursday by asset manager CoinShares and on-chain data provider Token Terminal. It is the pair's second joint report, covering the second quarter of 2025 through the second quarter of 2026, with all data s...
Aug 3, 2026
DeFi
XRP Holders Can Now Borrow Ripple's RLUSD on Ethereum Without Selling Their Crypto
XRP holders can now borrow Ripple's RLUSD stablecoin against their holdings on Ethereum without selling their tokens after Flare's FXRP was approved as collateral in Sentora's RLUSD Main vault. Announced on Monday by layer 1 blockchain developer Flare, the integration lets users convert XRP into Flare's FXRP token, bridge it to Ethereum, deposit it as collateral on the Morpho lending protocol, and borrow RLUSD. Because the loan is backed by collateral rather than a sale, borrowers retain exposur...