Cointelegraph·
Aave applied a temporary freeze to WETH as a precautionary safety measure in response to the exploit, alongside freezes on the rsETH and wrsETH reserves.
Read full articleA coordinated exploit drained approximately $11.5 million from the Verus-Ethereum bridge on May 18, with security firm Blockaid linking the attacker’s wallet to Tornado Cash. Attacker Converts Loot to ETH and Tornado Cash Trail Emerges The Verus-Ethereum bridge was drained of approximately $11.5 million in a coordinated exploit, with analytics confirming that the attacker extracted […]
Despite the scale of the breach, Verus' native token showed little immediate reaction following news of the exploit.
The Verus Protocol Ethereum bridge has suffered an exploit that has allowed an attacker to siphon off more than $11.5 million in crypto assets through what security researchers described as a forged cross-chain transfer message. According to onchain security platform…
Aave has restored borrowing against wrapped Ether across affected markets as the decentralized lending protocol continues recovering from the fallout tied to Kelp DAO’s April exploit. In a post published Sunday, Stani Kulechov said Aave had reinstated loan-to-value ratios for…
Since the $292 million KelpDAO incident, decentralized finance has endured a brutal stretch, with fallout spreading well beyond the initial exploit. Lending protocol Aave has been among the hardest hit, as its total value locked has fallen 44% during a month that exposed just how fragile confidence across the DeFi sector can become after a […]
Coinbase moved deeper into Hyperliquid by taking the USDC treasury deployer role, while HYPE jumped on the platform’s shift toward a more unified stablecoin setup. Strategy’s STRC preferred stock hit record trading volume, reinforcing Michael Saylor’s bitcoin funding machine. In Washington, Kevin Warsh was confirmed as Fed chair and the CLARITY Act advanced in the […]
The post THORChain (RUNE) Launches Refund Portal After $10M Exploit appeared on BitcoinEthereumNews.com. Timothy Morano May 16, 2026 10:18 THORChain confirms $10M hack affecting 12,847 wallets. Recovery portal live for claims; treasury-backed refunds available until June 4. THORChain, the decentralized cross-chain liquidity protocol, has launched a recovery portal following a confirmed $10 million exploit on May 11, 2026. The breach impacted 12,847 wallets across Bitcoin (BTC), Ethereum (ETH), BNB Chain, and Base. The portal, live as of May 16, allows affected users to check their compensation and submit refund claims, supported by a treasury-funded refund pool of equivalent size. The incident, revealed via a PeckShield post-mortem, was traced to a vulnerability in THORChain’s GG20 threshold signature scheme (TSS). This flaw reportedly allowed an attacker to gradually leak sensitive vault key data, ultimately enabling unauthorized transactions. The attacker drained 36
The post AAVE Price Prediction: $82 Support Test Before July Rally to $110 appeared on BitcoinEthereumNews.com. Alvin Lang May 16, 2026 08:43 AAVE’s breakdown below $95 resistance targets $82 support within 10 days, with technical indicators suggesting 65% probability of reaching $76-80 range. Whale accumulation patterns indicate potenti… Market Context: Why AAVE is Moving Now AAVE’s 7.34% daily decline reflects a decisive break below the 20-day moving average at $95, confirming a broader DeFi rotation pattern. With the current price at $89.51 sitting well below the 200-day moving average at $139.66, we’re witnessing a textbook institutional shakeout. The negative funding rate of -0.0103% reveals shorts are paying longs to maintain positions, which historically signals capitulation phases rather than sustained bearish momentum. This dynamic creates the volatility environment where significant price reversals typically emerge. Technical Breakdown Analysis RSI at 40.34
