Trade.xyz to Cover SK Hynix Perp Liquidation Losses After Oracle Price Anomaly
Platform will reimburse eligible traders after an external pre-market trade caused an 18.7% mark-price drop on its Hyperliquid contract
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Latest updates, press releases, and insights from the volatile world of digital assets.
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AFX Trade Suffers $24 Million Loss in Arbitrum Bridge Exploit
AFX Trade’s custody bridge on Arbitrum was compromised, resulting in the theft of approximately $24.15 million in USDC, prompting immediate suspension of operations and a bounty offer to the attacker
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Balance Coin Crashes 99% After Exploit Hits 42DAO Protocol
Balance Coin (BLC) lost its dollar peg and plunged over 99 percent following a suspected oracle manipulation attack on the associated 42DAO DeFi protocol, resulting in roughly $915,000 drained
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Coinbase Grapples with User Trust Issues as Base Leadership Shifts Focus
Jordan Fish, known as Cobie, acknowledges Coinbase's distance from crypto-native users amid questions over Base ecosystem engagement, while recent leadership changes aim to prioritize trading products and community feedback
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South Korean Regulator Opens Sanctions Process Against Upbit Operator Dunamu
South Korea’s Financial Supervisory Service has begun formal proceedings against Dunamu following a $36 million hack at its Upbit exchange in November 2025, highlighting gaps in current virtual asset regulations
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TAC Token Plummets 90% in Sudden Binance Alpha Crash
TAC, the Telegram-linked token backed by major venture firms, lost over 90% of its value within 15 minutes on July 7, 2026, amid low liquidity and questions over supply distribution
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BonkDAO Loses $20M in Governance Attack as Attackers Vote Themselves Funds
BonkDAO confirmed a malicious governance proposal drained roughly $20 million worth of BONK tokens from its treasury on July 6. The incident highlights risks in decentralized voting systems and triggered an immediate price drop for the memecoin
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Coinbase Faces Backlash After AI Posts Fake World Cup Result
Coinbase drew criticism when its AI system sent users a notification claiming Norway defeated Brazil 3-2 in a World Cup match that had not yet started. The error has raised questions about automated alerts in prediction markets
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Charles Hoskinson Proposes Zero-Knowledge Wallet Recovery for Cardano Amid Security Challenges
Cardano founder Charles Hoskinson is testing a smart contract system using zero-knowledge proofs to help users recover lost wallets securely without exposing seed phrases, as the network grapples with a major wallet incident and declining prices
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Kraken in Talks for 15% Stake in Aave at $385 Million Valuation
Kraken, through its parent company Payward, is negotiating a strategic investment in the leading DeFi lending protocol Aave, marking a notable step in bridging centralized and decentralized finance sectors amid ongoing market recovery efforts
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