#defi

#defi

Ondo Finance, a blockchain protocol that brings traditional financial instruments onchain, announced on May 26 that its founder and chief executive officer, Nathan Allman, had died unexpectedly. The Ondo Finance team stated that Allman's vision and belief in building a more open and accessible financial system will continue to guide the protocol going forward. Ian De Bode was immediately named his successor as CEO.

An attacker compromised an administrative key tied to Echo Protocol’s deployment on the Monad blockchain network and used it to mint 1,000 eBTC tokens valued at about $76.7 million. The attacker granted their own wallet minting privileges, then deposited 45 eBTC as collateral into the Curvance decentralized lending protocol. Using that collateral, the attacker borrowed 11.29 WBTC, bridged the borrowed assets to Ethereum, swapped them for ETH, and sent about 385 ETH into Tornado Cash.

Maple integrated with Ink on May 13, 2026, to expand institutional yield products to layer two ( L2) users. The launch scales DeFi by giving 10 million Ink users access to Maple's $3.8 billion AUM ecosystem. Users can soon access syrupUSDT on the Tydro protocol as Maple eyes further onchain fintech expansion.

The attack began on April 18, when an unknown attacker exploited KelpDAO's Layerzero bridge (a cross-chain messaging system) and fraudulently minted 116,500 rsETH tokens without backing them with real assets. The attacker then deposited roughly 89,500 of those tokens into Aave V3 as collateral and borrowed wrapped ether against them, generating over $190 million in undercollateralized positions and leaving Aave V3 potentially exposed to up to $230 million in losses.

The Arbitrum Security Council's swift intervention to freeze 30,766 ETH has reignited one of the most fundamental debates in blockchain: the tension between immutable decentralization and pragmatic governance.

Michael Egorov stated that recent hacks have exposed a recurring weakness: reliance on centralized points of failure within supposedly decentralized systems. He urged the industry to shift from reactive fixes to preventative design, emphasizing that all issues should be prevented before they happen.

Wrapped XRP, known as wXRP, is issued and custodied by Hex Trust, a regulated digital asset custodian. The token is fully collateralized at a 1:1 ratio.

Tokenization is about bringing real-world financial assets onto infrastructure that can support global scale and continuous market access, said Carlos Domingo, Co-Founder and CEO of Securitize.

Stabble's new management team confirmed that the former employee had worked at Stabble approximately one year earlier, emphasizing that there was no exploit, no breach, and no known security incident of any kind.

The incident, Drift said, was a 'highly sophisticated operation' involving 'the use of durable nonce accounts to pre-sign transactions that delayed execution' and the compromise of multisig signers' approvals.

Three alternative cryptocurrencies have experienced different price movements than Bitcoin and Ethereum: XRP's institutional payment infrastructure, Solana's unmatched transaction speed, and Avalanche's growing DeFi ecosystem. 5. Avalanche: The DeFi Specialist Trading at Deep Discounts Avalanche has carved out a niche as a high-performance blockchain optimized for decentralized finance applications. The network's subnet architecture allows developers to create customized blockchains while maintaining interoperability with the main chain.

In the latest sign of the rapid convergence of Wall Street and crypto, the world's biggest asset manager is moving into decentralized finance or DeFi. BlackRock on Wednesday revealed it will be bringing its Treasury-backed digital token BUIDL onto Uniswap, a leading DeFi platform, where it will be bought and sold by institutional traders. As part of the tie-up, BlackRock is also purchasing an undisclosed amount of Uniswap's own UNI token.

Coinbase CEO Brian Armstrong has accused major U.S. banks of attempting to sabotage President Donald Trump's pro-crypto agenda, warning that proposed changes to a Senate market structure bill could stifle innovation, ban entire categories of digital assets and strip Americans of the ability to earn yield on stablecoins. In a wide-ranging interview with Fox Business anchor Maria Bartiromo on Mornings With Maria, Armstrong said the latest draft of legislation emerging from the Senate Banking Committee represents a "giveaway to the banks"