Kelp DAO Blames LayerZero's Default DVN Setup for $292 Million Exploit
Kelp DAO responded to the $292 million exploit, blaming LayerZero’s default 1-of-1 DVN setup, which was criticized for creating a single point of failure.
Articles by Nikolas Sargeant
Nik is a content and public relations specialist with an ever-growing interest in Crypto. He has been published on several leading Crypto and blockchain based news sites. He is currently based in Spain, but hails from the Pacific Northwest in the US.
Polymarket Eyes $400M Raise at $15B Valuation
Polymarket targets a $400M raise at a $15B valuation as competition with Kalshi heats up and U.S. regulators tighten oversight on prediction markets.
Pharos Network Makes USDC Its Primary Stablecoin to Fuel Pharos Incubation Program
Layer-1 blockchain Pharos Network has bolstered its eponymous incubation program with the addition of USDC as its core stablecoin.
Grinex Exchange Halts Trading and Withdrawals After Alleged Cyberattack, $15 Million Stolen
Grinex, a Kyrgyzstan-registered cryptocurrency exchange with strong ties to Russia's crypto market, suspended trading and withdrawals on Thursday, following what it described as a "large-scale cyberattack" targeting its wallet infrastructure.
South Korea's Ministry of Finance Tests Blockchain-Based Deposit Tokens for Official Expenses
South Korea's Ministry of Finance is piloting blockchain-based deposit tokens for official expenses to improve transparency and efficiency in government spending.
Paxos Labs Raises $12 Million, Launches Amplify to Drive Onchain Financial Products
Paxos Labs, incubated within Paxos last year, has secured $12 million in a strategic funding round led by Blockchain Capital and supported by Robot Ventures, Arthur Hayes' family office Maelstrom, and Uniswap.
NHN KCP Partners with Ava Labs to Develop Payment-Focused Layer 1 Blockchain Network
South Korea’s NHN KCP has partnered with Ava Labs to build a payments-centric Layer 1 blockchain network.
Garrett Dutton Loses 5.9 BTC to a Fake Ledger App
American musician Garrett Dutton lost 5.9 BTC to a fake ledger app, with the scammer laundering the stolen Bitcoin via KuCoin.
OKX Ventures and HashKey Back New Vietnam-Based Crypto Exchange
OKX Ventures and HashKey Capital are investing in Vietnam's new crypto exchange, CAEX, as the country accelerates regulatory efforts to formalize its crypto market.
The Rise of TradFi‑Perps: Binance Report
Binance, in this report, explored the rise of TradFi-perps in the crypto market, with increasing demand for 24/7 access to traditional financial assets like gold and silver.
Morgan Stanley's MSBT Bitcoin ETF Sees $34 Million in First-Day Trading Volume
Morgan Stanley’s MSBT Bitcoin ETF had a strong debut, surpassing $34 million in first-day trading volume.
Stabble DEX Urges Liquidity Providers to Withdraw Amid North Korean Developer Concerns
Solana-based DEX Stabble has urged its liquidity providers to withdraw their funds from the platform after identifying a former North Korean employee.