DeFi, meet Claude: Moonwell’s ‘vibe-coded’ oracle in $1.8M blowup
Moonwell’s third oracle malfunction in six months saw the price of cbETH set at $1.12 instead of $2,200, leading to 1096 cbETH liquidated.
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Peter Thiel lost tens of millions in ETHZilla
Peter Thiel and Founders Fund lost tens of millions of dollars investing in ETHZilla, a struggling ETH treasury company.
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Michael Saylor’s Spinal Tap ad says STRC is like a bank account — it...
Michael Saylor is using AI slop to liken Strategy’s STRC dividends to the interest payments of regulated money market funds.
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Web3 collapse accelerates as eight games fail this year
Eight web3 games have either shuttered, paused operations, or pivoted back to web2 this year as major funding dries up.
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Solana validator logs 32 delinquencies, foundation still claims ‘100% uptime’
Solana’s “100% uptime” claim is true at the cluster level, but anyone in the Harmonic Major validator went delinquent 32 times in 30...
Crypto hack goes political as Grinex blames ‘Western special services’
Kyrgyzstan-registered crypto exchange Grinex has suspended operations. It had previously been linked to sanctions evasion of up to $6B.
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Rumble begins merging with Northern Data
Tether-related companies Northern Data and Rumble are set to begin their merger, with Rumble offering equity for shares of Northern Data.
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Strategy’s bitcoin bet back in profit after $11B drawdown
It took years of leverage and over $11B in unrealized losses for Michael Saylor’s Strategy to flip green on its BTC bet today.
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Tether challenges USDC Solana hegemony with $127.5M Drift bailout
Tether has pledged up to $127.5M to help Drift “support user recovery and relaunch the Drift platform” after a $285M hack.
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Hackers breach Zendesk to extort Discord with stolen IDs
Zendesk, which works with several crypto exchanges, was hacked last month, leading to the leak of millions of Discord user IDs.
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