wake-up call

Eighteen years. That’s how long commodore Hugh Austin, the architect of a $12 million crypto swindle, will spend behind bars. Though justice may seem like it’s been served on paper, can it ever be enough to pay for the destruction he caused? This is not just a statistical issue. These...

DeFi offered this fantasy, this financial freedom from the dark underbelly of Wall Street. The recent R0AR $1R0R exploit, where a "trusted" external developer inserted a backdoor into a staking contract and siphoned off nearly $785,000, screams a harsh truth: DeFi's current "trust us" model is fundamentally broken. In practice,...

Another day, another DeFi hack. This time it’s KiloEx, with a rad $7.5 million disappearing into the ether due to, you guessed it, a price oracle vulnerability. We’re referring to $3.3 million in Base tokens, $3.1 million in opBNB, and $1 million in BSC tokens. Poof. Gone. As you can...