Security
"Liquidity Locked" Did Not Stop a $14 Million Drain. It Was Never Meant To.
Key takeaways A liquidity pool described as having locked liquidity was drained of roughly $14 million. Locking l…
Self Custody
Around $86 Million Left Hardware Wallets That Were Working Exactly as Built
Key takeaways Ledger is investigating reports that roughly $86 to $87 million was drained from customer wallets, …
Regulation
A Platform Failed Its MiCA Application. What Happens to Users Is the Part Worth Understanding.
Key takeaways A German crypto platform is overhauling its operations after being refused authorisation under the …
Market Structure
An Ethereum Layer-2 Is Shutting Itself Down. What Happens to the Money Is the Interesting Part.
Key takeaways Abstract has announced it will shut down its Ethereum layer-2 on December 15 rather than issue a to…
Technology
Europol Says Wallets Are the Quantum Weak Point, Not the Blockchain. The Distinction Matters.
Key takeaways Europol has described crypto wallets, rather than blockchains themselves, as the primary area of qu…
Stablecoins
A Company Sued Tether Over $2.76 Million It Could No Longer Move. The Mechanism Is in the Contract.
Key takeaways Payments firm Conduit has filed suit against Tether, alleging roughly $2.76 million of USDT was fro…
Security
Flash Loans Drained $1.2 Billion in Four Years. The Mechanism Is Legal, Documented, and Working as Designed
Key takeaways A study reported this week puts losses from flash loan attacks at approximately $1.2 billion betwee…
Regulation
A Regulator Has Proposed Cutting Off Custody and Transfers for Non-Compliant Stablecoins in the EU. Read That Carefully If You Hold One
Key takeaways Reporting indicates ESMA has proposed ending custody and transfer services within the EU for stable…