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Aave Partially Unfreezes WETH After Kelp Bridge Exploit
DeFi

Aave Partially Unfreezes WETH After Kelp Bridge Exploit

After attackers deposited rsETH from an exploited Kelp bridge and borrowed Wrapped ETH, Aave had frozen WETH across multiple markets.
USDT Now Live on Solana, Plasma, and Ethereum With 1:1 USD Onramps and Offramps: Privy and Ramp
DeFi

USDT Now Live on Solana, Plasma, and Ethereum With 1:1 USD Onramps and Offramps: Privy and Ramp

Ramp expands stablecoin access by launching USDT across Solana, Plasma, and Ethereum with seamless 1:1 USD conversion for global money movement.
Arbitrum Freezes 30,766 ETH Linked to KelpDAO Exploit
Blockchains

Arbitrum Freezes 30,766 ETH Linked to KelpDAO Exploit

Since the freeze, ZachXBT reported that the attackers had begun moving funds from Ethereum mainnet to Bitcoin.
Privacy Boost, Sunnyside's Privacy SDK, Goes Live on Optimism Mainnet: Optimism
Blockchains

Privacy Boost, Sunnyside's Privacy SDK, Goes Live on Optimism Mainnet: Optimism

Optimism's first privacy offering by core developer Sunnyside uses ZK and TEE hybrid technology to enable confidential computing for enterprises on the OP Stack.
DeFi Protocols Launch Joint Escape Hatch for Aave ETH Lenders and Loopers
DeFi

DeFi Protocols Launch Joint Escape Hatch for Aave ETH Lenders and Loopers

Fluid's aWETH Redemption Protocol, launched with Lido, Ether.fi, 1inch, 0x and Kyber, has processed $136M out of Aave's frozen WETH pool in 48 hours.
Aave Models $124M to $230M in Bad Debt From Kelp Exploit
Hacks

Aave Models $124M to $230M in Bad Debt From Kelp Exploit

In a detailed incident report, Aave service providers quantified the protocol's exposure for the first time and outlined two scenarios depending on how Kelp DAO allocates the loss. LayerZero and Kelp continue to blame each other for the compromised bridge configuration.
Dune Analytics Reveals 47% of LayerZero OApps Use Minimal DVN Security Following KelpDAO Hack
Security

Dune Analytics Reveals 47% of LayerZero OApps Use Minimal DVN Security Following KelpDAO Hack

Analysis of 2,665 LayerZero OApp contracts shows nearly half rely on single-validator security configurations, the same setup that exposed KelpDAO's rsETH to exploitation.
Hardware Wallet Tangem Announces Global Rollout of Its Retail Payments Service
Infrastructure

Hardware Wallet Tangem Announces Global Rollout of Its Retail Payments Service

Tangem Pay lets users spend USDC directly from their self-custodial Tangem wallets, settling all transactions on Polygon.
DeFi Contagion Spreads Beyond Aave as LayerZero, Lido, Ethena Suffer Sharp Declines: Santiment
DeFi

DeFi Contagion Spreads Beyond Aave as LayerZero, Lido, Ethena Suffer Sharp Declines: Santiment

AAVE, ZRO, LDO, and ENA tokens plunged 10–22% as market repriced risk across DeFi protocols exposed to a bad debt event, with LayerZero priced as equally culpable as the originating lender.