Search results for Lazarus
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
Solv Protocol ends LayerZero support, selects Chainlink CCIP for bridge infrastructure
Solv Protocol, a Bitcoin-focused DeFi project, is switching its cross-chain infrastructure from LayerZero to Chainlink. The project is phasing out LayerZero support for SolvBTC and xSolvBTC on Corn, Berachain, Rootstock and TAC, and has selected Chainlink CCIP as its official cross-chain infrastructure. Solv said it reviewed its existing bridge after recent security incidents and concluded CCIP offers the strongest security through reinforced architecture, risk controls and pre-monitoring.
Crypto
North Korea accounts for 76 percent of crypto hacking losses this year
North Korea-linked hacking groups accounted for 76 percent of cryptocurrency hacking losses reported through April this year, according to a TRM Labs report cited by BeInCrypto. Two attacks, targeting Drift Protocol and KelpDAO, drove most losses of about $577 million. Drift lost $285 million on April 1, while KelpDAO’s cross-chain bridge saw 116,500 rsETH stolen worth about $292 million. TRM Labs said attack frequency has not risen but methods have become more sophisticated.
