Steven Walgenbach

Decentralized finance (DeFi) platform Yearn Finance’s yETH product was hit with a multi-million exploit after an attacker drained the token’s entire pool in a single transaction. Yearn confirmed the incident on X, while reassuring users that its V2 and V3 Vaults remained secure and were unaffected. “Initial analysis indicated this hack has a similar high […]

Terraform Labs co-founder Do Kwon has asked a US judge to limit his prison sentence to five years or less following his guilty plea in a fraud case tied to the $40 billion collapse of the Terra ecosystem.  In a recent 23-page letter filed in the US District Court of the Southern District of New […]

Decentralized finance (DeFi) protocol Balancer has outlined a framework to return millions of dollars in rescued assets to liquidity providers following an exploit that drained over $128 million from its V2 pools. The proposal was published by two members of the protocol’s community and is now seeking community feedback on plans to distribute about $8 […]

The Australian government has introduced new legislation that could unlock $24 billion in annual productivity gain while imposing large penalties on crypto exchanges and custody platforms that fail to protect customer assets. The Treasury has submitted the Corporations Amendment Bill 2025 to the parliament, following the circulation of a draft bill during its September consultation. […]

Upbit, South Korea’s largest crypto exchange platform, temporarily paused deposits and withdrawals after detecting around $36 million in unauthorized outflows from a hot wallet connected to the Solana network. That comes just a day after news broke that Dunamu, Upbit’s parent company, sealed a $10 billion acquisition deal with internet giant Naver.  Suspicious Activity Prompted […]