decentralized finance

As the dust of the KiloEx exploit settles, a cold hard fact emerges. A mere $7.5 million dollars went missing, not due to someone forgetting a semicolon in one programming string across a single blockchain. Instead, a coordinated, multi-pronged assault exploited the potential that cross-chain interoperability holds. We're not just...

Cardano has been making a serious splash in the decentralized finance (DeFi) world. It recently took a big step towards that goal by connecting to Bitcoin thanks to BOS Grail Bridge. This integration seeks to combine Cardano's strengths in smart contracts, scalability, and sustainability with Bitcoin's ample liquidity. By bridging...

Hold on a second, let’s review Kyle Samani’s $7 million USDC jump to Coinbase. Lookonchain alerted it, the crypto-sphere is buzzing, and of course everybody thinks it’s headed toward a SOL shopping spree. Given that Multicoin has long been one of the most prominent Solana bulls, the dots connect fairly...

KiloEx, a decentralized perpetuals trading platform incubated by YZi Labs, just hit the news with a $2 million+ exploit. This incident led to total losses of approximately $7.4 million on all chains combined. As a direct result, the cross-chain attack caused the instant suspension of all platform operations. Within hours...

The nearly $7.5 million KiloEx hack is more than just a number in DeFi saddening statistics. It’s a stupidly blinking neon sign pointing to a markedly deeper, systemic issue in the quickly accelerating world of cross-chain interoperability. We need to talk about this.Cross-Chain: Interoperability or Insecurity?Let's be frank: the dream...

I can recall Sarah’s text yesterday as clearly as the day she sent it. "Aditya, I'm ruined. Everything I had was in KiloEx. Gone. Just like that." For Sarah, the single mom turned DeFi pioneer only trying to provide a better life for her children, her dreams turned to ashes...

The $7.4 million KiloEx exploit story is about more than another juicy DeFi headline. It's a glaring symptom of a systemic disease plaguing the entire ecosystem: a dangerous over-reliance on vulnerable price oracles. We've seen this movie before, and frankly, I'm tired of the sequels.Price Oracles: DeFi's Single Point FailureLet's...

Bybit’s decision to integrate Avalon – connecting a seamless CeFi experience with DeFi yields – is a daring one for sure. Is it a calculated step towards financial innovation, or a reckless gamble that amplifies systemic risks within the already volatile crypto ecosystem? The devil, as usual, is in the...

Is Bybit’s new introduction of Avalon a stroke of genius that breaks open the Bitcoin yield floodgates to all? Or is it a regulatory time bomb, like the M80 just waiting to go off. We know, we know—the crypto space has seen its fair share of grandiose plans, but there’s...