Search results for Lazarus Group
Crypto
U.S. Senator Lummis says Clarity Act could cut off North Korean Lazarus funding
U.S. Republican Senator Cynthia Lummis (신시아 루미스) said provisions in the Clarity Act, a cryptocurrency market structure bill, could help block crypto activity by North Korea’s Lazarus Group. She pointed to sanctions and transaction-freeze clauses, including sections expanding anti-money laundering duties to crypto firms and granting the Treasury new sanctions authority. The bill’s prospects are uncertain, with hurdles to reaching the Senate floor and securing 60 votes to end debate.
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.
