Term Finance, a DeFi lending protocol built with a seven-day timelock and LP veto to stop malicious proposals, was drained of an estimated $8.5 million after a governance exploit bypassed both safeguards.
Tether's $120 million bitcoin mining buildout in Uruguay shut down after state utility UTE cut power over a contract dispute, Reuters reported — a rare public setback for the stablecoin issuer's mining push.
Stablecoin-linked card spending crossed $1 billion in July for the first time, with USDC and USDT funding over 70% of transactions as crypto rails reach grocery aisles and ride queues.
US spot bitcoin and ether ETFs pulled in $2.6 billion combined over the past week — their strongest inflow week since October — as weekly trading volume more than tripled to $29 billion alongside a sharp price rally.
BitMart has hired White & Case as restructuring counsel and aims to publish a partial-restart and creditor-payout roadmap by September 9, weeks after announcing its shutdown.
The Sandbox disabled cross-chain bridging on Base and BNB Chain after an exploit minted roughly 49 billion unbacked SAND, isolating the affected tokens and warning users not to trade on those networks.
BounceBit will shut down its native chain and move to BNB Chain after attackers pulled roughly $3 million in BB tokens from nine wallets, halting block production before the migration plan was announced.
Bitcoin spot ETFs drew $608.3 million on Thursday, pushing August net inflows past $2.07 billion as Ether funds logged their biggest single-day intake in roughly ten months.
MANTRA Chain froze all transactions after an unspecified incident, sending OM to a record low of $0.004126 amid a 600% volume spike and halting deposits and withdrawals across exchanges.
U.S. prosecutors unsealed charges against 17 alleged members of an Iran-linked hacking crew accused of stealing 31 terabytes of data and extorting HBO for $6 million in bitcoin.
