David Lu

BitcoinWorld Crypto Hacking Losses Drop to $136.3M in August, PeckShield Reports Blockchain security firm PeckShield reported that 50 cryptocurrency-related hacking incidents in August caused total losses of $136.3 million. This marks a significant decline of 49.5% from the $270 million lost in July, indicating a potential shift in the threat landscape. August’s Largest Exploit: Tectonic.cro The largest single loss in August came from Tectonic.cro, a decentralized […] This post Crypto...

Users face a September exit deadline while fresh Solana minting signals show liquidity moving faster than recovery systems. The post Solana’s $1B USDC mint collides with DeFi app shutdown as users face unfinished Drift recovery appeared first on CryptoSlate.

Indian stocks are stuck in a correction this week as concerns about the economy remain. The blue-chip Nifty 50 Index retreated to ₹23,650 on Tuesday, down by 10% from its highest point this year. This retreat has coincided with the crashing Indian rupee and bonds. Indian stocks retreat amid US-Iran war concerns The Nifty 50 Index has remained under pressure as investors remain concerned about the country’s economy amid the ongoing US-Iran war. India has become highly exposed because of its...

BitcoinWorld DRIFT Delisting Confirmed: Upbit, Bithumb, Coinone Remove Token on June 1 South Korea’s three largest cryptocurrency exchanges — Upbit, Bithumb, and Coinone — have jointly announced the delisting of Drift (DRIFT). The token will be removed from all trading pairs at 6:00 a.m. UTC on June 1, 2025. This coordinated action marks a significant regulatory and market event for the Drift protocol and its holders. Why […] This post DRIFT Delisting Confirmed: Upbit, Bithumb, Coinone...

BitcoinWorld Flying Tulip Circuit Breaker Emerges as DeFi Hacks Top $600M This Month The decentralized finance (DeFi) platform Flying Tulip has introduced a critical safety feature known as a circuit breaker. This development arrives as DeFi hacks surpass $600 million in losses this month alone. Andre Cronje, co-founder of the Sonic (S) blockchain, leads the platform’s development. The new system aims to delay withdrawals during abnormal fund outflows. […] This post Flying Tulip Circuit...

Token unlocks worth more than $723.89 million are scheduled for the April 20 to April 27 window, according to data from Tokenomist. For this week, there are eleven major cliff events and five big linear vesting events, while Undeads Games and LayerZero lead the pack for the single-time unlocking category. At the same time, RAIN […]

USDT stablecoin issuer Tether has stepped in to anchor a massive recovery plan for Drift Protocol, the Solana-based decentralized exchange (DEX) that was crippled by a $286 million exploit earlier this month. However, the rescue package includes a potent commercial string that could challenge Circle's dominance of USDC on the Solana blockchain. According to the recovery plan, Drift […] The post Tether uses $127M Drift rescue to challenge Circle’s grip on Solana payments appeared first on...

Circle stock edges lower premarket after a lawsuit ties the firm to a $280M crypto hack involving USDC transfers.

Legal pressure mounts on Circle as Drift hack fallout puts USDC controls under scrutiny.

Solana-based decentralized exchange (DEX) Drift Protocol has shared the highly anticipated user recovery plan alongside Tether and other collaborators. This move follows the major exploit that drained $285 million from the project’s vaults two weeks ago. Related Reading: Bitcoin Double Bottom Formation Eyes $82,500 Rally – Breakout Or Rejection Next? Drift Protocol Secures $150M Recovery Fund On Thursday, Drift Protocol, the largest decentralized perpetual futures exchange on the Solana...