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Mr. Beast’s $2.5 Million Private Jet Winner Finds Himself in Trouble

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

6 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

6 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

6 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

6 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

6 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

6 hours ago

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

6 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

6 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

6 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

6 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

6 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

6 hours ago

Key NotesDelysium (AGI) defies the market slump with a 17% price surge in 24 hours.The token’s Bitvavo listing has led to a 550% spike in trading volume.AGI’s market cap climbs to $98.3 million, up by 22% . While the broader crypto market is facing a downturn on March 27, Delysium (AGI) has shown a 17% jump in its value in the past 24 hours. The surge follows AGI’s recent listing on Bitvavo, one of Europe’s leading crypto exchanges, bringing fresh liquidity to the token.

This major listing has resulted in a 550% surge in AGI’s 24-hour trading volume, indicating massive investor interest. According to CoinMarketCap, AGI is currently trading around $0.079 with a market cap of $98.3 million, up by over 22%.

Delysium aims to build a virtual world where humans and AI Virtual Beings interact on a blockchain. The project enables users to create AI-driven companions and non-player characters (NPCs). The AGI token underpins transactions, governance, and interactions within this metaverse-like ecosystem.

A few moments ago, Delysium shared its 2025 roadmap on X, stating that it has already integrated with Solana, alongside partnerships with Wormhole and Raydium. In quarter one, the team has also launched Delysium ONE, an AI-powered platform.

Delysium 2025 Roadmap: Accelerating the AI Agent Network

Q1 Achievements: $AGI integrated with Solana, alongside Wormhole and Raydium. Launched Delysium ONE.

Q2 Goals: Launch of a new $AGI staking pool, rollout of a platform under the You Know I Love You (YKILY) Network, and… pic.twitter.com/tYFpzuRFxF

— Delysium – $AGI 🟨 (@The_Delysium) March 27, 2025 In Quarter 2, the project plans to launch a new AGI staking pool, introduce a platform under the You Know I Love You (YKILY) Network, and upgrade the Lucy database, its flagship AI assistant.

The latter half of the year will focus on multi-model capabilities and advanced trading tools for Lucy. Delysium also aims to expand into more blockchain ecosystems, integrate with Web2 platforms, and drive user adoption through Lucy’s functionalities.

AGI Price Outlook On the daily AGI price chart, the MACD line has crossed above the signal line, confirming a bullish trend. The expanding green histogram indicates growing momentum. However, a narrowing gap between the MACD and signal lines could hint at a potential trend reversal.

Meanwhile, the price is trading near the upper Bollinger Band, indicating strong upward momentum. The widening bands signal increasing volatility, which could lead to a breakout.

Immediate resistance lies around $0.0781, with the next target near $0.10. The middle band (20-day SMA) at $0.0583 serves as support.

Additionally, the RSI also sits in a bullish range, nearing overbought territory. This suggests strengthening buying pressure and a possible rally.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

News

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn

FTX Files Lawsuits Against NFT Stars and Kurosemi in Asset Recovery Push

TLDR FTX has filed lawsuits against NFT Stars and Delysium (Kurosemi) for failing to deliver tokens owed under investment agreements The lawsuits seek return of over 83 million SIDUS, 831,000 SENATE, and 75 million AGI tokens, plus damages FTX made multiple attempts to resolve the disputes before turning to litigation The legal action is part of FTX’s broader strategy to recover assets for creditor repayments FTX warns other token issuers that it will pursue litigation if they don’t return assets that belong to the exchange The FTX Estate has opened a new chapter in its asset recovery efforts. The bankrupt crypto exchange filed lawsuits against token issuers NFT Stars and Kurosemi (doing business as Delysium) on Monday. These legal actions claim both companies failed to deliver tokens that were promised under investment agreements with Alameda Ventures.

Filed in U.S. Bankruptcy Court in Delaware, the complaints seek to force these companies to turn over tokens that FTX claims were purchased through Simple Agreements for Future Tokens (SAFTs). The lawsuits come as FTX works to recover funds for its creditors following its collapse in 2022.

“We urge token and coin issuers to return assets that rightfully belong to FTX, and are willing to initiate litigation barring adequate engagement,” the FTX Estate said in its statement. This marks a clear escalation in the exchange’s recovery strategy.

The FTX collapse shocked the cryptocurrency world in November 2022. It came after revelations that around $8 billion in customer funds had been misused by executives to cover risky bets made by FTX’s affiliated trading firm, Alameda Research.

The Token Disputes According to court documents, NFT Stars and Delysium breached contracts by failing to transfer tokens despite FTX’s repeated attempts to resolve the issues outside of court. The complaints detail specific investment agreements that were allegedly violated.

In the case against Delysium, an AI agent blockchain project, FTX claims Alameda Ventures paid $1 million in January 2022 for the right to receive 75 million AGI tokens. The tokens launched in April 2023 with a vesting schedule, starting with 20% unlocking after a 12-month cliff period.

However, Delysium allegedly extended the vesting schedule unilaterally to 48 months and refused to transfer any tokens. A company representative reportedly stated in a public Discord message that they would not allocate tokens to FTX due to the bankruptcy proceedings.

The NFT Stars case involves a payment of $325,000 made in November 2021. This was for rights to 1.35 million SENATE tokens and 135 million SIDUS tokens. While NFT Stars initially delivered some tokens, it allegedly stopped further transfers after FTX filed for bankruptcy.

FTX now claims NFT Stars owes more than 831,000 SENATE tokens and 83 million SIDUS tokens. The exchange cites breaches of contract and violation of bankruptcy protections in its filing.

Between June 2023 and September 2024, FTX’s advisors attempted to contact NFT Stars 15 times and Delysium 13 times. According to the complaints, these contact attempts received no response.

FTX is seeking immediate return of the assets, damages for breach of contract, and sanctions for alleged violations of bankruptcy protections. This includes violations related to the automatic stay under U.S. bankruptcy law.

The lawsuits represent just one aspect of FTX’s recovery efforts. On February 18, 2025, the exchange began its initial distributions of recovered funds to holders of approved claims in its Convenience Class.

A second round of payments is scheduled to begin on May 30, with a record date of April 11. This distribution will include Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and additional Convenience Claims approved since the initial record date.

The bankruptcy estate’s initial distribution targeted “Convenience Class” claims under $50,000, reaching the majority of affected users. This is part of a creditor repayment program that could total more than $16 billion.

Sam Bankman-Fried, FTX’s founder and former CEO, was convicted of fraud and conspiracy charges and sentenced to 25 years in prison. The company’s recovery efforts continue under new management as it works through its restructuring plan.

FTX has warned that further lawsuits will be filed against token issuers who fail to cooperate with its asset recovery efforts. The company’s team continues to work to maximize recoveries for the FTX Estate and return funds to creditors.

Last month, FTX faced another challenge when Three Arrows Capital’s claim was increased from $120 million to $1.5 billion. This amendment followed new findings about Three Arrows Capital’s extensive dealings with FTX.

FTX warns more lawsuits coming as it negotiates with other token issuers to recover assets for creditor repayments.

FTX has initiated legal proceedings against NFT Stars Limited and Delysium, seeking to recover digital assets allegedly withheld from its estate.

The lawsuits are the latest in its ongoing efforts to reclaim funds and maximize creditor recoveries following its collapse in November 2022.

Token Allegations The defunct crypto exchange announced on April 29 that it had filed two formal complaints after multiple attempts to engage with the firms in question were ignored. The suits allege that NFT Stars and Delysium failed to transfer tokens to which the firm is contractually entitled.

Legal filings in the case against Delysium state that Alameda Ventures, now Maclaurin Investment, paid $1 million in January 2022 for rights to receive 75 million AGI tokens. These coins officially launched in April 2023 with a vesting structure allowing 20% to unlock after 12 months, followed by quarterly releases.

However, Delysium allegedly changed the terms by extending the period to 48 months without FTX’s consent and refused to transfer any tokens, citing ongoing bankruptcy proceedings.

The complaint against NFT Stars claims that the exchange paid $325,000 in November 2021 to secure 1.35 million SENATE tokens and 135 million SIDUS tokens. While some coins were delivered before FTX’s bankruptcy filing, the company asserts that over 831,000 SENATE and 83 million SIDUS remain unpaid.

FTX alleges breach of contract and a violation of the automatic stay triggered by its bankruptcy protection.

You may also like: FTT Skyrockets as SBF Seeks Presidential Pardon While Serving 25-Year Sentence: Report Donald Trump Says No Pardon Issuance to FTX’s Sam Bankman-Fried “We urge token and coin issuers to return assets that rightfully belong to FTX, and are willing to initiate litigation barring adequate engagement,” the Estate said in a statement. “Our team continues to work tirelessly to maximize recoveries for the FTX Estate and return funds to creditors.”

The company also confirmed that it is in discussions with several other token issuers and warned that further legal action would follow if they don’t cooperate.

Recovery Efforts These lawsuits come amid the defunct exchange’s broader recovery campaign, which has already seen some success. On February 18, 2025, the company began distributing recovered funds to creditors, starting with approved claims under $50,000 in the Convenience Class.

The next round of disbursements is scheduled for May 30, 2025, with the record date set on April 11. This one will cover Class 5 Customer Entitlement Claims, Class 6 General Unsecured Claims, and additional approved Convenience Claims.

The initiative follows a court-approved reorganization plan finalized in October 2024 that projects average recoveries of 119% per claim, with some creditors receiving up to 140% in cash. FTX estimates that total asset recoveries will range from $14.7 billion to $16.5 billion, aided by successful recovery efforts from the U.S. Department of Justice and global regulators.

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The bankrupt crypto exchange FTX is suing two companies for allegedly not returning digital assets.

In a new statement, FTX says that it filed complaints in US bankruptcy court against token issuers NFT Stars Limited and Kurosemi Inc. for failing to provide FTX with “contractually entitled tokens” as part of a broader effort to recover assets for its creditors.

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“We urge token and coin issuers to return assets that rightfully belong to FTX, and are willing to initiate litigation barring adequate engagement. Our team continues to work tirelessly to maximize recoveries for the FTX Estate and return funds to creditors, including by filing two complaints against issuers who have repeatedly ignored our attempts to engage.”

The complaints demand that the companies turn over tokens that FTX claims were purchased through Simple Agreements for Future Tokens (SAFTs) by FTX’s affiliated trading firm, Alameda Research, via its venture arm, Alameda Ventures.

The complaints also seek punitive damages.

According to court filings, Alameda Ventures, now called Maclaurin Investment, is still owed 831,691 SENATE (SENATE) tokens and 83,169,187 Sidus (SIDUS) tokens from NFT Stars Limited, a non-fungible token (NFT) marketplace.

Maclaurin paid $325,000 for the right to receive a total of 1,354,166 SENATE tokens and 135,416,666 SIDUS token.

In the lawsuit against Kurosemi, the company behind artificial intelligence (AI) agent platform Delysium, FTX alleges Maclaurin paid $1 million to receive 75 million Delysium (AGI) tokens once the token was launched, subject to a vesting schedule. However, FTX says no tokens have yet been received.

The lawsuit also suggests that Delysium does not intend to transfer the tokens.

“In October 27, 2023, the moderator of the Delysium Discord channel wrote: ‘Due to [FTX’s] bankruptcy, we will not be allocating them the tokens.'”

FTX filed for bankruptcy in November 2022 after imploding amid accusations that its then-chief executive, Sam Bankman-Fried, mishandled the exchange’s funds by loaning out billions of dollars worth of customer deposits to Alameda Research.

Generated Image: Midjourney

3 Token Unlocks for the Second Week of July

PANews reported on September 22nd that Delysium released a preview of its community governance rules, aiming to provide a more efficient and fair decision-making and incentive framework for its blockchain-based AI agent network. Users can submit proposals by staking 10,000 AGI tokens, and voting requires an initial stake of at least 250 AGI. Proposals will be considered accepted if the first backer to accumulate 100,000 AGI tokens. A total reward pool of 10,000 AGI will be allocated, encompassing both proposal initiators and voters. Holders of DMA NFTs will receive additional voting weight and a bonus on reward distribution.

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Delysium, a popular AI-powered decentralized ecosystem, has announced an exclusive collaboration with University College London (UCL). The partnership is aimed at redefining AI coding by enhancing autonomy, openness, and cost efficiency with the launch of “Prometheus.” As Delysium’s official press release discloses, the joint effort is set to provide a robust solution for fragmentation across industrial and academic code agents. Hence, the development is anticipated to boost innovation, minimize operational charges, and establish a worldwide standard for intuitive software development.

Delysium is creating an open, autonomous agent network end-to-end resolution across a fragmented technological landscape.

This infrastructure is co-developed with @ucl SSE team via @Euni_AI to empower developers and drive innovation.https://t.co/hYSuhaBBVN

— Delysium – $AGI 🟨 (@The_Delysium) October 22, 2025 Delysium to Launch Prometheus, Offering Independent and Economic AI Coding Innovation The partnership between Delysium and University College London rolls out Prometheus. Prometheus is a unique multi-agent system that targets code repositories, converting them into intuitive knowledge graphs. This paves the way or improves issue resolution. By merging the comprehensive expertise of Delysium in large language models (LLMs) and the research capabilities, Prometheus brings new methodology to analyze as well as understand complicated codebases.

Additionally, it enables multi-lingual integration, multi-repository reasoning, and context-aware automation that conventional AI tools are deficient in. Moreover, in collaboration with UCL, Delysium’s release of Prometheus denotes a groundbreaking move to revolutionize AI coding. With the technical support from Delysium, the UCL team of Dr. He Ye has also built a dynamic issue resolution mechanism, as a part of this effort.

Revolutionizing Software Sphere via Autonomous AI Mechanisms According to Delysium, the initiative is dissimilar to conventional AI coding assistants and, rather than just suggesting fixes, it completely solves them. In the same vein, the move categorizes issues, comprehends the context via knowledge graph, as well as assigns expert agents for the handling of resolution. Overall, with this partnership, the duo attempts to transform software automation, leading to a new epoch of intelligent and completely autonomous systems to reshape the worldwide software development.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

Santiment stated that investors showed strong interest in altcoins such as Delysium (AGI), Tether (USDT), Bitcoin (BTC), USD Coin (USDC), Solana (SOL), and Bittensor (TAO).

25.03.2026 - 10:16

Update: 25.03.2026 - 10:16

Bitcoin and altcoins are struggling to recover amidst the turbulent days of the US-Iran conflict.

While Bitcoin struggles to hold above $70,000, cryptocurrency analytics company Santiment has revealed the most popular altcoins in the cryptocurrency world in its latest post.

According to Santiment, investors showed strong interest in altcoins such as Delysium (AGI), Tether (USDT), Bitcoin (BTC), USD Coin (USDC), Solana (SOL), and Bittensor (TAO).

AGI led the trending cryptocurrencies in the last 24 hours, surprisingly followed by USDT, BTC, USDC, SOL, and TAO.

The most popular cryptocurrencies in the crypto sector and the reasons why are listed below: Delysium: AGI is trending thanks to NVIDIA CEO Jensen Huang’s striking statements about artificial general intelligence.

USDT: Trending due to Tether’s announcement that it has contracted with one of the Big Four accounting firms for the first fully independent audit of its USDT reserves (reported at approximately $180-192 billion).

Bitcoin: BTC is trending due to massive institutional accumulation. The institutional accumulation process continues to dominate the headlines, particularly with spot ETF inflows spearheaded by giants like BlackRock and Fidelity.

USDC: Reports indicate Circle has frozen USDC balances in 16 hot wallets in connection with a US legal case, and regulatory discussions surrounding USDC’s decentralization are trending.

Solana: SOL is trending due to the launch of the Solana Developer Platform (SDP) by the Solana Foundation.

Bittensor: TAO is trending due to Grayscale’s spot ETF application and the halving process on the network. Investors are showing interest in TAO.

*This is not investment advice.

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Sonic’s Total Value Locked (TVL) reached an ATH of $257.24 million this week on January 28, 2025. The surge is an indicator of robust activity on the blockchain.

Major protocols fueling Sonic TVL’s growth The top 10 protocols contributing to Sonic’s TVL are Silo Finance, Beets, Avalon Labs, Swapx, WAGMI, ICHI, Beefy, Shadow Exchange, Equalizer Exchange, and Uniswap.

Silo Finance, a decentralized lending protocol, emerged as the top contributor with a $112 million TVL on the Sonic network. This massive TVL suggested that Silo Finance is significantly benefiting from its decentralized lending platform that enables users to borrow virtual assets using collateral.

https://twitter.com/top7ico/status/1884660165460246656

Beethoven (BEETS), another major decentralized exchange, followed a TVL worth $72.3 million. This is a testimony that the DEX continues to attract users to engage in staking and yield farming using BEETS and other virtual coins.

Avalon Labs secured the third position with $49.5 million TVL. Its impact on Sonic’s TVL comes from its Bitcoin-focused DeFi ecosystem. Its CeDeFi lending platform enables investors to borrow against their BTC holdings.  

SwapX secured the fourth position with its $21.8 million contribution to Sonic’s TVL. SwapX plays a crucial role as it offers innovative DeFi solutions that go beyond ordinary token swapping. These involve trading services such as staking, yield farming, and other advanced DeFi offerings.

WAGMI, a prominent decentralized exchange, registered a $20 million TVL, making it the fifth-largest protocol on the Sonic network. It operates on numerous EVM-integrated protocols, thus enabling users to access various assets and trading opportunities across varied ecosystems.  

ICHI took the sixth spot with $18.8 million TVL. It supports Sonic’s TVL through its DeFi liquidity manager. Crypto investors use its yield IQ Vaults to deposit tokens and earn yields through compounded interest created by liquidity pools on apps like Uniswap V3.

Moving down, Beefy, a yield aggregator, was the seventh-largest protocol on the Sonic network. It is a renowned yield aggregator that allows users to maximize the power of compounded interest and yield farming opportunities across numerous DeFi platforms.

Shadow Exchange clinched position eight with its $7.56 million TVL. Its advanced DEX plays a crucial role in the Sonic ecosystem. Lastly, Equalizer Exchange and Uniswap gained visibility with their impressive TVLs of $4.34 million and $2.18 million respectively.

Equalizer Exchange is a DEX that allows users to earn passive income on their tokens through different staking and yield farming opportunities on the Sonic network. On the other hand, Uniswap contributes an important role in the Sonic network through its innovative DeFi trading and advanced automated market markers.

Sonic price updates   The Sonic network saw its TVL surged above $250 million, on January 28, fueled by the rising investor interest after its recently concluded rebranding process. The increase in TVL happened after the project rebranded its trademark name as “Sonic” and abandoned the previous one “Fantom.”

Despite the increase in its TVL, the value of its primary virtual currency has declined. The asset has been down 24.3% in the past month. The downtrend suggests that sellers are prevailing. It appears that Sonic holders are offloading their tokens for profit-taking or are forced to liquidate for other reasons. 

However, the current low prices are creating a buying opportunity for savvy investors who know that Sonic is an asset with growth potential. Its market cap is currently trading at $1.38 billion, placing it at number 69 in the entire crypto ecosystem.

AUTHOR

Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.

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In today’s crypto market, Drift Protocol ($DRIFT) is the clear leader. According to Phoenix, a prominent crypto media outlet, Drift saw a remarkable increase of +96.4%. This surge positions Drift as the biggest gainer of the day. It highlights the growing demand for its decentralized trading platform.

Cats ($CATS) Soars by +88.8%, Fueling Meme-Crypto Surge Other tokens are also soaring higher. Cats ($CATS) rose by +88.8% as investors continue to flock to meme-based cryptocurrencies. Likewise, X Empire ($X) skyrocketed with an increase of +87.0% as investors backed blockchain gaming platforms. Interestingly, both tokens are trending in the positive direction.

Furthermore, Vectorspace AI ($VXV) was up by +59.1%. Due to its AI features, Vectorspace is gaining popularity as AI technology is becoming more prominent in the crypto market. This growth shows that the value of AI-driven projects continues to grow in blockchain environments.

Stargate Finance ($STG) and Marinade ($MNDE) were also up significantly. Stargate increased by 35.6% while Marinade increased by 34.5%. These tokens are integral parts of the DeFi space, where Stargate helps to provide cross-chain liquidity and Marinade offers the staking services. As for the impact of the market, both projects are currently enjoying their existence in the form of DeFi.

Crypto Market Outlook Remains Bullish with Promising Developments Ahead Kamino ($KMNO), Parcl ($PRCL), Swell ($SWELL), and Orderly Network ($ORDER) completed the top performers. Kamino increased by +34.3%, and Parcl by +31.7%. Swell was up by +27.6% and Orderly Network, by +22.3%. These projects represent the range of industries that are defining the dynamics of the crypto market.

Overall, today’s market is good and promising. The public is still bullish and investors are keen on upcoming projects in many fields to ensure future developments in the crypto market.

AUTHOR

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

Binance, the largest cryptocurrency exchange by trade volume, has disclosed plans to delist several tokens in a few weeks. 

In a press release today, the exchange confirmed that the tokens scheduled for removal are Unifi Protocol DAO (UNFI), Ooki Protocol (OOKI), Keep3rV1 (KP3R), and Rupiah Token (IDRT).

This move follows the company’s routine asset reviews, aimed at ensuring all listed tokens meet their high standards.

The delisting will take place on Nov. 6 at 03:00 UTC. At that time, all trading pairs associated with these tokens, including UNFI/BTC, OOKI/USDT, KP3R/USDT and others, will cease trading. 

Binance explained that their decision is based on factors such as the project’s development activity, the stability of their networks, and adherence to regulatory requirements. They noted that these steps are meant to protect users and ensure a healthy crypto trading environment.

Users holding these tokens are encouraged to take action before key deadlines. Trading on spot markets will close on Nov. 6, but Binance has outlined several earlier milestones related to margin trading, futures contracts, and other services. 

For instance, isolated margin borrowings for these tokens will be suspended on Oct. 25, with further closures of positions set for Oct. 31. Users are advised to settle their positions and transfer any assets to avoid losses.

After the delisting, deposits of the tokens will not be credited starting from Nov. 7. However, Binance will support withdrawals until Feb. 6, 2025. The exchange also mentioned the possibility of converting the delisted tokens into stablecoins, but there is no guarantee on this yet.

The delisting comes after a similar trend in the crypto market, where assets removed from the Binance exchange often see price volatility. 
Past delistings by Binance have led to massive price drops for some tokens, such as TrueUSD and Tornado Cash’s TORN and Monero. However, there have also been cases where tokens surged despite a Binance delisting, as seen with Reef Finance.

This Week in Crypto: NFT Trading on TON, Binance Delists Altcoins, GOAT Hits New Highs

Lummis Says CLARITY Act Will End Crypto Developer Prosecution for Writing Code

In the fast-paced world of crypto trading, meme coin and decentralized finance (DeFi) platforms are generating curiosity among investors. Three tokens that have been making waves Sunday are Baby Pengu, Shoggoth, and Strips Finance.

While Baby Pengu has experienced a dramatic surge of over 331%, fueled by its charming baby penguin branding, Shoggoth has captured attention with its unique nod to H.P. Lovecraft’s eerie creations — all while riding a wave of more than 126% growth.

Meanwhile, Strips Finance is carving out a niche in the DeFi space, providing a platform for users to hedge and speculate on interest rate derivatives.

Here’s a closer look.

Baby Pengu (BABYPENGU) operates on the Base blockchain. As of Dec. 22, it has experienced significant price volatility, with a notable increase of over 331% at last check Sunday, reaching approximately $0.29 per token.

The token’s total supply is capped at 1 billion, with about 186 million tokens currently in circulation, resulting in a market capitalization around $54 million, according to Coinbase.

Trading activity is primarily conducted on decentralized exchanges, with Uniswap V2 (Base) being a notable platform for BABYPENGU transactions.

The meme coin seemingly got its name and logo from the illustration of a cartoon baby penguin. See the chart below.

Courtesy of CoinGecko Shoggoth Shoggoth (SHOGGOTH) is up by more than 126% at last check on Sunday.

The coin’s market cap currently hovers at around $56.7 million.

A meme token on the Solana blockchain, Shoggoth was named after the fictional creature found in author H.P. Lovecraft’s stories. It was first launched on the Pumpfun platform, and has a circulating supply of 1 billion tokens.

Shoggoth trades actively on decentralized exchanges like Raydium and, as of Dec. 22, it has a daily trading volume of approximately $6,340.

Despite its niche appeal and satirical undertones, Shoggoth has seemingly captured the imagination of crypto traders. See the chart below.

Courtesy of CoinGecko Strips Finance Strips Finance (STRP) is a decentralized platform focused on interest rate derivatives, allowing users to hedge and speculate on interest rate movements.

Operating on the Arbitrum and Binance Smart Chain (BSC) networks, Strips Finance offers decentralized exchange services for interest rate swaps and fixed-income products.

Its native token, STRP, is up over 81% at last check Sunday. It’s currently trading around $1.03, with a market capitalization just below $33 million and a circulating supply of 30 million tokens.

STRP can be traded on exchanges such as Sushiswap and Gate.io, with the STRP/USDC.E pair seeing the most activity.

Courtesy of CoinGecko

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

6 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

6 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

6 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

6 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

6 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

6 hours ago

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

6 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

6 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

6 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

6 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

6 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

6 hours ago

13.04.2026 - 07:31

Update: 13.04.2026 - 07:31

As hacking incidents continue to increase in the cryptocurrency market, the latest news comes from Ethereum (ETH).

According to blockchain security firm PeckShield, a cyberattack occurred on the Ethereum (ETH) network in which a large amount of Polkadot (DOT) was minted without authorization.

Hackers reportedly minted approximately 1 billion Polkadot (DOT) tokens without authorization on the Ethereum network and sold them on the market.

Analyses suggest that a security vulnerability on the Polkadot Bridge may be the cause.

Analysts note that the losses experienced in DOT are relatively small due to the limited and low liquidity of the token.

According to the data, DOT continues to trade at $1.18, down approximately 3.6%, while South Korean exchanges Upbit and Bithumb have suspended DOT deposits and withdrawals.

Polkadot has not yet made an official statement.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

6 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

6 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

6 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

6 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

6 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

6 hours ago

Nick Sawinyh on 18 Apr 2026

At 17:35 UTC on Saturday, April 18, 2026, someone minted 116,500 rsETH on Ethereum mainnet that had no backing behind it. That’s roughly 18% of KelpDAO’s entire circulating supply, worth about $292 million at the time the forged LayerZero packet cleared. Within minutes it was sitting as collateral on Aave, borrowing WETH against itself. Within an hour it had produced the largest single DeFi extraction of 2026 so far.

This piece was written in the first evening after the drain. KelpDAO and LayerZero have both promised post-mortems; final numbers on bad debt, compensation, and any supply migration will shift over the coming days. Treat the specific figures below as the best on-chain and analyst estimates available as of April 18–19, 2026.

The restaking contracts didn’t fail. The EigenLayer delegations are still intact. Mainnet rsETH is still backed by the legitimate user deposits sitting in KelpDAO’s node delegators. The core product was fine. What broke was the bridge — a LayerZero OFT adapter running on a one-of-one validator stack, which let a single forged signature instruct the adapter’s mainnet escrow to release tokens that shouldn’t have moved. Everything downstream is composability fallout.

Here is what happened, what broke, and who actually pays.

What KelpDAO Is, and Why the Bridge Mattered KelpDAO is one of the larger liquid restaking token (LRT) protocols built on EigenLayer. Users deposit ETH or a whitelisted LST, the protocol delegates to a set of EigenLayer operators, and users receive rsETH: a token representing a claim on the restaked position plus accrued yield. By April, rsETH had crossed $1 billion in TVL and was integrated as collateral across most of the major lending markets and yield venues in DeFi.

rsETH lives natively on Ethereum, where the restaking contracts sit. But its utility depends on being everywhere: Arbitrum, Base, Mantle, Unichain, Linea, and roughly a dozen other L2s and sidechains. KelpDAO uses a LayerZero OFT (Omnichain Fungible Token) adapter to move rsETH across chains. The adapter is the bridge. When rsETH leaves Ethereum, it’s locked in an escrow contract on mainnet, and a matching amount is minted on the destination chain. When a cross-chain message comes back, the escrow releases.

That escrow release is what got spoofed.

The Attack: A Single Forged lzReceive Call The entire drain happened in one transaction:

0x1ae232da212c45f35c1525f851e4c41d529bf18af862d9ce9fd40bf709db4222

The call landed on LayerZero’s EndpointV2 contract at 0x1a44076050125825900e736c501f859c50fE728c with a forged origin packet claiming to come from source Endpoint ID (EID) 30320. The endpoint passed the payload to KelpDAO’s rsETH OFT adapter at 0x85d456B2DfF1fd8245387C0BfB64Dfb700e98Ef3. The adapter, trusting the message, released 116,500 rsETH from escrow into attacker address 0x8B1b6c9A6DB1304000412dd21Ae6A70a82d60D3b. One Transfer, one OFTReceived, one PacketDelivered. Roughly $292 million.

The forgery worked because the adapter’s security stack was configured to accept the attestation of a single verifier. LayerZero’s OApp configuration model lets the application developer choose how many “DVNs” (Decentralized Verifier Networks) must sign off on an incoming message before it’s delivered, plus any optional verifiers. For the rsETH OFT, both sender-side and receiver-side configs read the same way:

requiredDVNs: [LayerZero Labs] requiredDVNCount: 1 optionalDVNs: [] optionalDVNCount: 0 The sender-side DVN contract (0x282b3386571f7f794450d5789911a9804fa346b4) and the receiver-side DVN (0x589dedbd617e0cbcb916a9223f4d1300c294236b) both ran a one-of-one validator stack operated by LayerZero Labs. One forged signature was enough to make any cross-chain message look real. An entirely legitimate rsETH transaction had settled through the exact same DVN two days earlier, so this wasn’t a dormant testnet artifact; it was the live production setup.

On-chain analyst @senamakel was the first to post the OApp config publicly, roughly three hours after the drain. A follow-up reply from researcher @BranchM in the same thread clarified something important: the compromise wasn’t Unichain-specific. The DVN contract and its signing keys sit on Ethereum, so the attacker could have spoofed any source chain the adapter trusted. Changing the source EID from Unichain to Arbitrum would have produced the same outcome. The DVN itself was the single point of failure; the source chain was cosmetic.

LayerZero’s protocol wasn’t broken. The configuration KelpDAO (and whoever advised them) deployed was. A multi-DVN stack, typically two-of-three or three-of-five in production deployments handling significant value, would have required the attacker to compromise multiple independent verifier networks simultaneously. They only had to compromise one.

The Cashout: Unbacked Collateral Meets a Ready Lending Market The attacker didn’t try to sell 116,500 rsETH into DEX liquidity. That would have crashed the price inside the first block and capped the extraction at whatever the curves could absorb. Instead, they did the thing every post-2024 exploit playbook describes: they used the tokens as collateral.

According to on-chain accounting compiled by Chaos Labs and cross-checked against the adapter events:

On Aave V3/V4 Ethereum, the attacker supplied rsETH and borrowed 52,834 WETH. On Aave V3/V4 Arbitrum, they bridged a portion of the stolen supply and borrowed 29,782 WETH plus 821 wstETH. Smaller positions were opened on Compound V3 and Euler before those markets were frozen, adding an undisclosed additional slice of WETH/ETH borrows on top of the Aave numbers. Total extracted value sits in the $200M–$236M range depending on exact execution prices and the wstETH mark. That’s the money that actually left the attacker’s address as borrowed liquidity. A portion of the borrowed funds was then routed through Tornado Cash (ZachXBT flagged the first mixer-bound hops within twenty minutes of the drain), while the rest sits in wallets on-chain sleuths are actively tracking.

KelpDAO’s operations multisig paused the rsETH contracts on Ethereum and every L2 where the adapter was deployed within 46 minutes of the initial mint. That pause stopped any follow-up forgery and prevented the attacker from minting a second tranche. It didn’t, and couldn’t, reverse the positions already opened on third-party lenders.

The Blast Radius: Who Actually Got Hit The exploit was tightly contained at the smart-contract layer. Core EigenLayer pools, rsETH’s underlying backing, and LayerZero’s non-Kelp traffic were untouched. But rsETH had been so thoroughly composed into DeFi that the forced pause rippled outward immediately.

Aave took the brunt. rsETH was an accepted collateral asset across V3 and V4 instances on both Ethereum and Arbitrum. Within hours, Aave’s risk team froze every rsETH market and pushed a public message urging WETH suppliers to pull their liquidity while the situation was being scoped. Marc Zeller and Chaos Labs both confirmed the exploit itself didn’t touch any Aave contract. The risk is purely that the collateral backing the attacker’s ~$200M in borrows is now known to be worthless. The AAVE governance token traded off roughly 10% in the hours after the news broke, reflecting market uncertainty about how much of the deficit lands on token holders versus Umbrella stakers.

SparkLend, Fluid, and Upshift froze or paused rsETH positions on the same timeline. Compound V3 and Euler paused new rsETH borrows after the first attacker positions were opened.

Yield venues and structured products cut exposure the moment the news hit X:

Ethena paused rsETH usage in its vaults. Yearn froze any vault with rsETH allocations. Pendle paused its rsETH PT/YT markets to stop mispriced trading during the chaos. Beefy froze rsETH-denominated strategies. Lombard Finance preemptively paused unrelated LayerZero LBTC routes “out of caution,” which tells you something about the current level of trust in OFT configurations industry-wide. The knock-on damage runs deepest on the roughly 20 L2s and sidechains where rsETH was bridged. Because the minted supply on Ethereum is now partially unbacked, every wrapped derivative downstream is structurally impaired. Holders of rsETH on Arbitrum, Base, Mantle, Linea, and the other bridged chains are sitting on tokens that can no longer be confidently redeemed against a 1:1 claim on Ethereum escrow. Withdrawals are paused, liquidity has evacuated DEX pools, and any lending market on those chains that accepted wrapped rsETH as collateral is running into the same bad-debt math Aave is running into on mainnet, just at smaller scale.

Untouched: stETH, wstETH, rETH, cbETH, and every other major LST/LRT outside of KelpDAO. There is no systemic restaking contagion here. The failure is specific to one adapter, one DVN, one trust model.

The $177M Bad Debt vs a $56M Umbrella The Aave bad debt number being quoted by every serious on-chain analyst is roughly $177 million, sitting in the WETH reserves across V3 and V4 on Ethereum and Arbitrum, plus a small wstETH slice on Arbitrum. The range from different sources runs $177M–$196M depending on exactly how partial liquidations and wstETH marks are accounted for. $177M is the median figure from Chaos Labs’ real-time reporting, and the one most post-mortems will anchor to.

That deficit is what Aave’s Umbrella module was built for. The awkward part is that Umbrella currently only runs on Ethereum mainnet.

Umbrella is the on-chain risk backstop that replaced the old Safety Module in mid-2025. The old Safety Module required a governance vote to slash stakers, which meant that in practice it had never actually been slashed. It was a theoretical insurance fund. Umbrella is different by design:

Per-asset, per-network isolation. Stakers deposit into a specific asset vault on a specific network. The WETH vault on Ethereum covers WETH deficits on Aave Ethereum and nothing else. USDC and GHO stakers are untouched. Ethereum-only, for now. Umbrella launched on mainnet in mid-2025 and has not yet been deployed to Arbitrum, Base, or any other network. Bad debt recorded on a non-Ethereum Aave instance falls back to legacy cover-of-last-resort: the DAO Collector first, then AAVE token issuance via governance, then pro-rata socialization onto suppliers if those prove insufficient. Automated slashing. UmbrellaCore monitors realized bad debt in the corresponding Aave reserve. When the recorded deficit crosses a configurable threshold (the “deficit offset,” currently 100,000 units of the base asset, absorbed by the DAO Collector first), UmbrellaCore permissionlessly calls slash() on the relevant StakeToken contract. No governance vote, no delay. Pro-rata dilution. Slashing burns a proportional share of the vault’s underlying assets and sends them to the Collector, which repays the pool. Every staker’s share value drops by the same percentage. 20-day cooldown. You can’t exit instantly. Once you request withdrawal, you remain fully exposed (and fully rewarded) for 20 days. This is the structural reason bank-run dynamics can’t short-circuit the backstop. Minimum assets floor. The contract refuses to drain the vault below a minimum level, and slashing is capped at the actual recorded deficit. The Ethereum WETH Umbrella vault was carrying roughly $56M in TVL heading into the weekend. The attacker’s borrows split roughly 52,834 WETH on Ethereum versus 29,782 WETH and 821 wstETH on Arbitrum, which maps the $177M deficit to something like ~$113M on Ethereum WETH, ~$64M on Arbitrum WETH, and a few million in Arbitrum wstETH. The Ethereum slice alone is roughly twice the size of the Umbrella vault standing against it.

The slash math is therefore brutal and simple. Umbrella gets fully drained — the entire $56M vault slashed down to its minimum-assets floor — and still leaves roughly $55M of residual WETH bad debt on Ethereum uncovered. The Arbitrum deficit, roughly $67M combined across WETH and wstETH, has no Umbrella backstop at all and flows directly to DAO-level mechanisms. Net shortfall against Aave’s existing Umbrella capacity lands somewhere around $120M even after the Ethereum vault is wiped to the floor.

The DAO’s $100K deficit offset is a rounding error at that scale. The Collector balance helps, but not enough. That leaves two real levers for the residual: governance-authorized AAVE issuance (minting tokens, selling them, and pushing the proceeds into the Collector — the classic MakerDAO-style dilution playbook), or direct haircuts on WETH suppliers on the affected instances. AAVE issuance is the politically easier path and the one governance chatter is converging on, but the dilution burden shrinks meaningfully only if KelpDAO socializes a portion of the loss on its side, most likely by haircutting wrapped rsETH on bridged chains rather than touching the mainnet token.

The Hierarchy of Pain Strip away the dashboards and there’s a clean ranking of who actually absorbs the $292M.

Tier 1: Aave Umbrella WETH stakers on Ethereum. They signed up to be the first-loss backstop in exchange for extra yield on top of the aWETH supply rate. That trade-off is now live, and not partially — the Ethereum WETH deficit is roughly twice the size of the vault, so the entire $56M gets slashed down to its minimum-assets floor. Loss is immediate, pro-rata, automatic, and close to total. Umbrella stakers in other assets (USDC, GHO) are untouched because of per-asset isolation.

Tier 2: AAVE token holders. Once Umbrella is exhausted, the ~$120M combined residual (Ethereum WETH remainder plus the entire Arbitrum deficit, which has no Umbrella backstop) has to come from somewhere. Governance is already discussing AAVE issuance as the primary cover mechanism, which dilutes existing holders. The ~10% AAVE drop in the hours after the exploit is the market pricing in exactly this scenario.

Tier 3: rsETH holders on bridged chains. An 18% supply inflation at the Ethereum layer translates to structurally impaired wrapped rsETH everywhere else. The recovery plan analysts are modeling, which KelpDAO has not yet officially committed to, is a selective socialization that haircuts the bridged-chain float while leaving Ethereum mainnet rsETH as close to whole as possible. The math and the legal optics both favor pushing losses onto the smaller, more diffuse holder base rather than the mainnet holders sitting on the largest pools and the loudest megaphones. Rough modeling puts a haircut on bridged positions somewhere around the 15–20% range, with the exact number depending on whether KelpDAO chooses to top up partial compensation from treasury.

Tier 4: Leveraged rsETH loopers. The standard LRT trade through April was borrowing WETH against rsETH on Aave or Spark to loop into more rsETH, earning the spread between staking yield (~2.5% blended) and ETH borrow rates. With rsETH frozen and ETH borrow rates spiking into the 8–9% range on the utilization crunch, these positions are burning equity by the hour and can’t be unwound without manual intervention. Some will end up undercollateralized during the unwind and generate secondary bad debt on whichever lender they sit on.

Tier 5: Aave WETH suppliers on Arbitrum. This is the tier Aave’s risk team was most worried about when they pushed the “withdraw” message on Friday. Arbitrum has no Umbrella backstop, so the DAO response determines whether suppliers there get made whole via AAVE issuance or forced to share the loss pro-rata. The longer governance takes, and the smaller KelpDAO’s socialization ends up being, the higher the probability that some portion of the Arbitrum hit lands on suppliers directly. Ethereum WETH suppliers face the same risk at a smaller scale only if AAVE issuance proves politically unworkable.

Tier 6: Everyone else. KelpDAO the DAO will likely spend treasury on partial compensation. LayerZero will eat reputational damage and is under obvious pressure to tighten its default DVN recommendations in the aftermath. Competing LRT protocols (Ether.fi, Renzo, Puffer) are not directly exposed, but the whole category is going to see users reassess bridge security, with an advantage to issuers already running multi-DVN or alternative messaging layers.

The Uncomfortable Questions Why was a $1B protocol running a 1-of-1 DVN? LayerZero’s own security model gives applications full control over their verifier stack precisely so they can match it to the value they’re securing, and multi-DVN setups have been standard recommendation for any OFT handling significant value. Somebody at KelpDAO, at an advising firm, or at an integrator signed off on a single-DVN production config for a token that had grown to over $1B in TVL. That decision is now the story, not LayerZero’s protocol design.

Were the DVN keys actually compromised, or was the attestation logic bypassed some other way? Both KelpDAO and LayerZero have promised a root-cause post-mortem. The forensic question that matters for every other OFT in production is whether the LayerZero Labs DVN key material leaked, a signer was socially engineered, or a signature-forging bug existed upstream. The answer determines whether every other 1-of-1 OFT on LayerZero is currently exposed. And there are many.

How did audits miss this? They probably didn’t. The bridge adapter code is standard LayerZero OFT boilerplate; there’s nothing wrong with the contract. The fault is in the deployment configuration, which sits outside the usual scope of a Solidity audit. Config reviews are a much newer discipline, and this exploit is going to accelerate that market considerably.

What does Aave do about LRTs as collateral going forward? This is the second time in 2026 that an LRT collateral accepted on Aave has produced a nine-figure incident downstream of a non-Aave failure. Risk parameters will tighten, loan-to-value ratios on restaking collateral will come down, and the debate over whether LRTs should be isolation-mode-only on every major lending market is going to get louder.

What does this mean for LayerZero’s institutional pitch? LayerZero has been positioning itself as the messaging layer for traditional finance’s tokenization rollout. A production failure at this scale, in a configuration that was always within the application developer’s control rather than an inherent protocol flaw, is a setback, but it’s also a case study. If the post-mortem is clean, defaults tighten, and existing OFTs migrate to multi-DVN stacks quickly, the damage is contained. If it drags out, the institutional counterparty diligence LayerZero has spent two years building up takes a real hit.

The Lesson That Keeps Repeating Every nine-figure DeFi incident of the last two years has the same structural shape. The core protocol does what it’s supposed to do. Some privileged component on the edge, whether that’s an off-chain signer, a bridge validator, an operator key, or a configuration that was supposed to be temporary, carries more trust than the rest of the stack was aware of. Somebody figures out where that concentration sits, and the full weight of the composed system falls through it.

The Resolv USR exploit in March was a single-signer SERVICE_ROLE that could mint arbitrary amounts of a stablecoin. The KelpDAO exploit is a single-verifier DVN that could authorize arbitrary cross-chain releases. Different protocol, different token class, identical architectural shape: one key, no meaningful check beyond it, and a downstream composability layer that had already assumed the thing behind the key was sound.

The LRT category in particular has spent the last year adding more layers (more chains, more wrappers, more lending integrations, more yield vaults that lend against vaults that lend against wrappers) on top of a base that is fundamentally a three-way trust assumption between the staker, the restaker, and the bridge. Each additional layer compounds yield by a handful of basis points. Each additional layer also compounds the attack surface in ways that are hard to price. The rsETH supply on the 20 bridged chains wasn’t a feature. It was a liability that grew quietly until one forged packet turned it all into bad debt.

The practical takeaway for anyone actually using this stuff is narrow and boring: before you treat a bridged LRT as interchangeable with its mainnet counterpart, look at the bridge’s verifier configuration. Lenders integrating LRTs as collateral have to reckon with a simple fact: the counterparty isn’t the LRT issuer alone. It’s the LRT issuer plus whatever messaging stack sits between mainnet and wherever the wrapped token shows up. At the ecosystem level, the boring parts of security (key management, config reviews, multi-party attestation) are where the next nine-figure incident is going to come from too. Until someone finally makes the boring parts the default.

Aave will recover. Umbrella stakers on Ethereum will take the full hit they volunteered for, the DAO will vote AAVE issuance to cover the residual the vault couldn’t absorb, and the event will accelerate Umbrella’s expansion to every network that wasn’t covered this weekend. rsETH will either migrate to a multi-DVN stack or lose meaningful share to the LRT competitors that already run one. LayerZero will quietly tighten its defaults. And the next exploit will come from whichever protocol hasn’t yet asked the question: “what single key is currently trusted to authorize nine figures on our system?”

That’s the question every DeFi product owner should be writing down today.

Nick Sawinyh on 18 May 2026

At 21:21 UTC on Monday, May 18, 2026, someone minted 1,000 eBTC on Monad. At Bitcoin’s spot of roughly $77,000, that’s about $77M of unbacked wrapped Bitcoin appearing from nothing on Echo Protocol’s Monad books. The attacker converted ~$870K of it into real WBTC by depositing a slice as collateral on Curvance and borrowing against it. The other 99% of the fake supply is parked on the attacker’s wallet, because Monad’s lending and DEX depth can’t absorb more.

This piece was written in the first hour after the drain. The initial public flag came from @dcfgod on X, who linked the suspicious mint transaction and tagged the affected teams; Monad co-founder @keoneHD acknowledged the incident shortly after and said the team and external security researchers were investigating. Echo Protocol and Curvance have not yet published statements at the time of writing. Final numbers on bad debt, attacker holdings, and any recovery plan will shift as post-mortems land. Treat the figures below as the best on-chain reads available as of the evening of May 18, 2026.

The dollar amount is small. The architectural shape makes this worth writing about. The same privileged-role failure mode that produced the Resolv USR exploit in March and the KelpDAO rsETH exploit in April just produced another one, on a new chain, against a new asset class. The realized loss is roughly 30× smaller than Resolv and over 250× smaller than KelpDAO. The pattern is the same.

What Echo, Curvance, and Monad Are Echo Protocol is a Bitcoin liquidity and yield project most visible to date on Move-based ecosystems. The Monad deployment is newer and smaller, and eBTC is its wrapped Bitcoin token there. The product shape is the familiar one: deposit BTC, hold a transferable representation that can move into lending, DEXs, and yield strategies the way WBTC does on Ethereum. The identification of this exploited contract with the Echo Protocol team specifically is currently community attribution; the project itself has not yet publicly confirmed the affected deployment as of writing.

Curvance is an omnichain lending protocol that lists collateral assets and lets users borrow against them, similar in shape to Aave or Morpho. On Monad it had a fresh eBTC/WBTC market running, with eBTC accepted as collateral against real WBTC borrows. The protocol’s lending logic was not the failure point here; it treated the collateral it received as exactly what the token contract said it was, and the token contract was the problem.

Monad is a young high-performance EVM L1 that opened to a wider set of deployments earlier this year. Echo, Curvance, and most of the assets sitting on Monad lending markets right now are fresh deployments, often without the operational layers (multisig admin keys, timelocks, monitoring, paranoid role separation) that the equivalent contracts on Ethereum have accumulated over years of incidents.

The Attack: Role Takeover, Then Mint On the eBTC token contract at 0xd691b0aFed67F96CEC28Ab6308Cbe5b2C103b7e9, the attacker ran a short sequence of role-manipulation transactions: granted themselves DEFAULT_ADMIN_ROLE, used that admin role to self-grant MINTER_ROLE, and then revoked the admin role to clean up. With minter authority in hand, the actual mint was a one-line follow-up: mint() to the attacker’s address (0x6a0109d3c5ab56277096c75e8f5d1d1d45243415), 1,000 eBTC issued directly from the zero address. The mint transaction (Monad block 75,477,995) sits at:

0x2cc9730738c970b2c2ec1e1a27f38d69590db36fe069fb4ee04abaeb559357c0

How the attacker got that initial DEFAULT_ADMIN_ROLE grant is the part nobody outside the Echo team can answer yet. The plausible options are the standard ones: a compromised admin private key, a misconfigured initial deployment that left the role grantable, or a contract-level access control bug that let an unprivileged caller escalate.

The Cashout: Deposit, Borrow, Bridge The attacker did not try to dump 1,000 eBTC into a DEX. Monad’s eBTC liquidity is thin, and the slippage would have eaten most of the extraction. They used the lending path instead, the same playbook Resolv’s attacker used to convert fake USR into ETH and KelpDAO’s attacker used to convert fake rsETH into WETH.

According to on-chain accounting reconstructed from the attacker wallet’s history, the cashout sequence was:

Deposit roughly 45 eBTC into Curvance’s eBTC market as collateral. The attacker received Curvance’s wrapped collateral receipt (ceBTC) in return. Borrow against that collateral across multiple transactions, pulling out approximately 11.296 WBTC in total. The reason the borrow stopped there is some combination of Curvance’s available WBTC supply, the LTV ceiling on the eBTC market, and any borrow caps set on the asset; which of those was the binding constraint isn’t yet confirmed. Bridge the borrowed WBTC off Monad. Community researchers tracking the wallet flagged LayerZero as the likely route; the exit transaction itself has not been independently confirmed at the time of writing. Route the proceeds toward a mixer. Tornado-style obfuscation has been mentioned by multiple analysts on X, again as the most likely path rather than a confirmed on-chain fact. The attacker still holds the bulk of the minted supply: roughly 955 eBTC sitting idle in the wallet, plus a small ceBTC position on Curvance. The residual sits there because Monad simply doesn’t have anywhere for it to go — no lender on the chain has the depth to absorb another borrow at that size, and DEX liquidity on eBTC would collapse against any meaningful dump.

The Curvance market is the immediate casualty. The lender is sitting on collateral whose redemption is in dispute against an outstanding WBTC borrow of 11.296 tokens, roughly $870K at current spot. Whether that hole gets backfilled by Echo, by Curvance’s treasury, or absorbed by suppliers depends on a recovery plan that hasn’t been published yet.

The Blast Radius This incident is small and localized, and that’s worth saying clearly.

The damage is contained to Curvance’s eBTC/WBTC market on Monad. Curvance’s lending logic was not exploited; the protocol behaved correctly given inputs it had no way to verify. Other Curvance markets, on Monad and on the chains Curvance is deployed across, are not affected. Aave, Morpho, Spark, Fluid, and the rest of the major lending markets on Ethereum and the L2s have no Echo eBTC exposure.

Inside Monad, the secondary risk is anything else that listed Echo’s eBTC as collateral or held it in a vault. That list is short today because the asset is young, but it’s worth watching. Any DEX pool with eBTC liquidity is sitting next to a wallet that owns 955 of the things and has demonstrated willingness to dump them, so DEX LPs face slow-bleed risk if the attacker decides extraction-via-DEX is worth the slippage hit.

Untouched: real Bitcoin, real WBTC on every other chain, every other Bitcoin wrapper, and every other lending market that didn’t list eBTC. The failure here is asset-specific and chain-specific.

The Uncomfortable Questions How did the attacker get the admin role in the first place? This is the question Echo has to answer, and it’s the only one whose answer matters past the immediate cleanup. If a hot admin key leaked, the lesson is operational. If the deployment left the role grantable to addresses it shouldn’t have, the same template needs reviewing on any other chain Echo deployed it on. If there’s an access-control bug in the contract logic itself, the scope expands.

Why did escalating one role break the whole thing? Whatever the entry point, the contract was structured so that a single compromise produced the entire outcome: no timelock between admin role grant and minter role grant, no separate “mint authority” multisig sitting downstream of the admin, no rate limit on freshly-granted minter roles. Multisigs, timelocks, and rate-limited mint authority on wrapped Bitcoin contracts exist precisely so this kind of single compromise can’t immediately produce 1,000 fake BTC. None of those were present here.

Should Curvance have listed eBTC at all, and with what parameters? The realized bad debt is small in absolute terms (~$870K) partly because the LTV on the market appears to have been kept fairly tight (11.3 WBTC borrowed against ~45 eBTC of deposited collateral isn’t aggressive leverage) and partly because the lender’s WBTC supply on the market was modest. The harder question is whether a freshly-deployed wrapped Bitcoin token with mint authority sitting on a single admin role should have been accepted as collateral in the first place, on any LTV, by a lender that had no way to monitor for unauthorized issuance.

Will Monad’s lending markets tighten listing standards? Monad has spent its early months courting builders and shipping tokens fast. That’s the right strategy for getting an L1 ecosystem off the ground; it’s also exactly the condition that produced this incident. Whether the lending markets respond by tightening parameters on freshly-listed assets, or wait for a larger event to do that, is the question worth watching.

The Lesson, Again Strip away the specifics and this is the same exploit as Resolv and KelpDAO.

Resolv’s USR exploit was a single externally owned address that could pass arbitrary mint amounts into completeSwap(), and ~$25M of real value walked out the door. KelpDAO’s rsETH exploit was a one-of-one DVN on a LayerZero adapter, and ~$236M of real value walked out the door. Echo’s eBTC exploit was a single admin role on a Bitcoin wrapper, and ~$870K of real value walked out the door.

What recurs across all three is the architectural shape: a privileged component on the edge carrying more authority than the surrounding system understood, with a downstream lending layer already composed against the asset as if the privileged component were sound. The lender behaves correctly. The token behaves correctly within its own access-control rules. The composition fails. The trust assumption embedded in the asset turns out to be weaker than the trust assumption the lender was operating on.

The realized losses look very different across the three incidents because the lending markets sitting downstream are very different. Mature lenders on Ethereum have learned to cap their exposure to any single collateral asset, to scrutinize the access controls of anything they list, and to keep blast radius small even when an upstream component breaks. New chains and new asset issuers haven’t built those reflexes yet. Until they do, each new ecosystem gets to learn the same lesson over again at whatever scale its lending markets happen to be running at the moment.

What Happens Next The Monad team has acknowledged the incident publicly and said security researchers are reviewing the contract and the wallet history. The real outstanding answers fall to two teams. Echo has to explain the chain of custody on the admin role and what the recovery plan looks like for the unauthorized supply. Curvance has to address the listing decision and how the bad debt gets covered.

The attacker’s wallet is being tracked, and any further movement of the residual ~955 eBTC or of the bridged WBTC will be visible quickly. Whether the bad debt gets socialized to Curvance suppliers, absorbed by Curvance’s treasury, or covered by Echo as the upstream point of failure is the call Curvance has to make.

For anyone using newly-launched lending markets on newly-launched chains, the practical takeaway is narrow: before you supply real assets, look at what the borrowable collateral actually is, who can mint it, and whether anything stops them from minting more. If your lender can’t tell you which keys can produce that collateral, neither can you.

20.05.2026 - 16:55

Update: 20.05.2026 - 16:55

A serious security breach has occurred targeting the MAP Protocol and ButterNetwork infrastructure operating within the cryptocurrency ecosystem. According to an urgent alert issued by the community, the bridge system running on the Ethereum and BNB Smart Chain (BSC) networks has been attacked.

Initial findings indicate that the attacker manipulated the “OmniServiceProxy” mechanism in the Butter Bridge V3.1 infrastructure to mint approximately 1 quadrillion counterfeit MAPO tokens. This amount is estimated to be approximately 4.8 million times the legitimate circulating supply of MAPO tokens, which is around 208 million.

The tokens in question were transferred directly to a newly created external wallet address (EOA). The attacker then reportedly sold approximately 1 billion MAPO tokens, withdrawing 52.21 ETH from the ETH/MAPO liquidity pool on Uniswap V4. Based on the current market value, the estimated loss is around $180,000.

On the other hand, it is added that the main risk continues. Because it is stated that the attacker still has approximately 999.999 billion MAPO tokens in his possession, and if these tokens are released into the market, they could pose a serious threat to both the liquidity pools of decentralized exchanges (DEX) and the centralized exchanges (CEX) that list MAPO.

MAPO’s price plummeted by 72% following the development.

The chart shows the price drop of MAPO. *This is not investment advice.

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