BitcoinEthereumNews·
The post THORChain exploit turns DeFi halt into trust test appeared on BitcoinEthereumNews.com. Make CryptoSlate preferred on THORChain’s suspected multichain exploit and emergency halt on May 15 has turned into another DeFi security incident, and another test of cross-chain trust. Emergency controls moved through chain-specific halts, Halt All Trading, Halt Signing, Halt Chain Global, Halt Churning, and repeated global node-pause updates. One public alert described the likely exploit affecting Bitcoin, Ethereum, BSC, and Base, resulting in more than $10.7 million in losses, revised from an earlier $7.4 million estimate. Another security estimate put the loss near $10 million, including 36.75 BTC and about $7 million across BNB Chain, Ethereum, and Base. The chain scope was later expanded in a TRM Labs assessment, which reported that the attacker drained more than $11 million across at least nine chains. Those chains included Avalanche, Dogecoin, Litecoin, Bitcoin Cash, and XRP, in add
Read full articleThe $292 million KelpDAO exploit is among the biggest crypto losses of 2026. The impact of this attack on users’ confidence was broad, triggering a $13.5 billion drop in DeFi total value locked (TVL). However, recent developments suggest a return in market confidence. Related Reading: ZachXBT Claims LAB Insiders Control 95% After $6 Billion Crypto […]
Learn how MiCA and global crypto regulation affect exchanges, stablecoins, wallets, DeFi access and user risk.
The post Is ETH Still the Backbone of Web3? appeared on BitcoinEthereumNews.com. Ethereum is no longer just “the smart contract chain.” In 2026, it is better understood as a settlement layer, liquidity hub, developer base, staking network, ETF asset, and foundation for a growing web of Layer 2 ecosystems. That makes the question more nuanced than whether Ethereum is still important. The real question is whether ETH still captures enough value from the activity built around it. For crypto investors, DeFi users, builders, and Web3 businesses, Ethereum remains difficult to ignore. It still anchors much of the DeFi economy, supports major stablecoin and tokenized asset activity, and serves as the base layer for many rollups. At the same time, users now interact with Ethereum through Layer 2 networks more often than through Ethereum Mainnet itself. This guide explains Ethereum’s 2026 position without hype. It looks at what Ethereum still does well, where the risks are, how Layer 2 scaling c
Assess Ethereum’s 2026 role in Web3, from L2 scaling and staking to DeFi, ETFs, risks, competitors and practical ETH research checks.
The KelpDAO hack underscores the need for DeFi to prioritize operational security and decentralized verification to mitigate systemic risks. The post KelpDAO hack highlights DeFi’s shift from coding flaws to operational risks appeared first on Crypto Briefing.
Lombard Finance migrates $1B+ in Bitcoin assets to Chainlink CCIP after LayerZero’s $292M Kelp DAO security breach. North Korean hackers poisoned LayerZero’s internal RPCs, triggering a mass DeFi exodus toward Chainlink’s infrastructure. Kraken, Solv Protocol, Re, and Kelp DAO have also dropped LayerZero for Chainlink CCIP following the catastrophic hack. Lombard Finance, one of Bitcoin […] The post Bitcoin DeFi Giant Lombard Exits LayerZero Amid Massive Hack Fallout appeared first on Live Bitcoin News.
THORChain has launched a recovery portal following a $10 million exploit, allowing affected users across four chains to revoke malicious approvals and claim refunds.
Cardano Roundup: EU Regulation, DeFi Risks & ADA Price The post Cardano Quietly Becomes EU’s Favorite Layer-1 With DARTE Paris 2.0, Can ADA Finally Crack $0.30? appeared first on 99Bitcoins.
