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DeFi United Hits $303M Goal to Restore rsETH After Kelp DAO Hack

The coordinated relief effort DeFi United has crossed a critical threshold, raising over $300 million worth of Ethereum to potentially cover the $290 million...

Aave Founder Pledges 5,000 ETH to DeFi Crisis Fund Post-KelpDAO Exploit

Following a major exploit that created a deficit exceeding 100,000 ETH, the decentralized finance industry is uniting under the "DeFi United" initiative led by...

DeFi Mounts “United” Response to Aave Bad Debt With Major Protocol Pledges

A coalition of DeFi protocols led by Aave is mounting a coordinated recovery effort called "DeFi United" to address bad debt from the April...

Kelp DAO Bridge Hack Sparks $6B Aave Exodus, Triggers DeFi Liquidity Crisis

Users of the decentralized lending protocol Aave faced difficulty withdrawing funds following a major exploit involving liquid staking token rsETH. Attackers drained $291 million...

Kelp $293 Million Exploit Sparks DeFi Contagion, Security Warnings

The exploitation of the Kelp liquid restaking protocol, resulting in a $293 million loss, illustrates systemic risks in decentralized finance. Industry executives state the...

AllUnity Expands Euro Stablecoin Liquidity Across DeFi Chains Amid MiCA Growth

The EU's MiCA regulation has spurred the growth of compliant stablecoins, with their market cap exceeding $79 billion. The euro-denominated stablecoin EURAU, issued by...

DeFi Attack Wave: Over 12 Protocols Hit Since Drift’s $280M Hack

A wave of cyberattacks has targeted at least 12 decentralized finance protocols and crypto businesses in just over two weeks, starting with the $280...

Enhanced Labs Raises $1M Pre-Seed to Simplify DeFi Options Strategies

Enhanced Labs Inc, a DeFi infrastructure company, has secured $1 million in a strategic pre-seed funding round. The round was led by Maximum Frequency...

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