KelpDAO filed a lawsuit against LayerZero over a $292M bridge exploit, alleging security failures and risks linked to its 1-of-1 verifier setup. KelpDAO has filed a lawsuit against LayerZero and co-founder Bryan Pellegrino. The case follows a $292 million bridge exploit. KelpDAO claims LayerZero did not reveal significant technology risks...
Ethena Taps Binance for Equity Perpetuals as ENA Price Jumps 57% in a Week
Ethena teams with Binance to bring its basis trade to equity perpetuals: here’s what it means for USDe and ENA’s price. Ethena is partnering with Binance to extend its basis trade strategy into equity perpetuals, according to an announcement from the protocol. The move marks one of the biggest updates...
Bitget Hit by $351.6M Wallet Breach, Temporarily Suspends Withdrawals
Bitget confirms $387.5M in affected assets as its recovery bounty targets the freezing and return of stolen funds. Crypto exchange Bitget has suffered a major security breach involving hundreds of millions of dollars in digital assets. Unauthorized transfers began on September 24, prompting an emergency response and a temporary suspension...
SEC’s Hester Peirce Calls for Zero-Knowledge Proofs in KYC
Can zero-knowledge proofs replace KYC data collection? SEC’s Hester Peirce says yes; here’s her case for privacy-first compliance. SEC Commissioner Hester Peirce has pushed for zero-knowledge proofs as a way to bring KYC and anti-money laundering practices into the modern era. Her point is that regulators can confirm compliance without...