Search results for Drift Protocol
Crypto
Repeated DeFi security incidents block institutional investment
Repeated bridge hacks and falling yields are prompting institutional investors to question whether decentralised finance offers acceptable risk-adjusted returns. JPMorgan analysts say bridge security remains an industry challenge and raised doubts about broader institutional adoption. Large attacks on DeFi bridges this year totalled $328.6 million in losses. StateMind CEO and Symbiotic co-founder Misha Puchiatin says DeFi is overly complex and interconnected, making risks hard to assess. USDT yields on Aave lag U.S. Treasury rates.
Crypto
Ethereum stalls again near $2,400 as three headwinds weigh
Ethereum has remained relatively weak after failing to settle above $2,400 over the past three months. Cointelegraph reported it is down 21 percent so far in 2026, underperforming the broader crypto market’s 11 percent decline. The rebound has been repeatedly capped by slowing on-chain activity, intensifying competition in the dapp ecosystem and diminished appeal to institutions. DEX volumes and Ethereum dapp revenue have fallen sharply, while hacking losses and confusion over upgrades have added pressure.
Crypto
April crypto hacks top 20, hit record high
More than 20 cryptocurrency hacking incidents occurred in April, the highest monthly total on record, The Block reported citing DeFi Llama. DeFi Llama said on social media platform X that April recorded the most hacks by count in crypto history. The biggest single incident was a $292 million loss at KelpDAO. A Solana-based derivatives exchange, Drift Protocol, suffered a $280 million hack.
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Crypto
North Korea accounts for 76 percent of crypto hacking losses this year
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Crypto
April crypto hacking losses top $600 million, worst since February 2025
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Crypto
Circle CEO says USDC unlikely to be used for Strait of Hormuz tolls
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Crypto
Circle pushes EURC to step up UK push as debate grows over why it gained early lead
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Crypto
Circle shares fall 9.9 percent on Wall Street downgrade and Drift hack fallout
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Crypto
Zcash reclaims $300; privacy coins rise on ceasefire news
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Crypto
North Korean IT workers involved in more than 40 major DeFi protocols
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Crypto
X head of product says 80 percent of crypto activity may be bots, spam not solvable by technology alone