DeFi
Cronos validators switched off the whole chain after a $75m exploit
About $6m of the $75m reached Ethereum before Cronos validators paused block production. The rest is stranded on a chain that has stopped.
DeFi
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Latest story 12 hours ago
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A seven-day safety delay did not stop Term Finance losing $8.5m
Term has permanently closed its Meta Vaults after an attack reportedly emptied nearly all their ether. Nobody appears to have broken the code itself.
Why banks are fighting to stop your stablecoin paying you 4%
US law already bars stablecoin issuers from paying interest, and the banking lobby wants the remaining gaps closed too. The argument is made on financial stability grounds, but underneath it is a fight over cheap deposits.