Nine Days, One Leaked Key: How GANA Payment Lost $3.1M on BNB Chain
GANA Payment, a payment protocol that had only just gone live on BNB Smart Chain, lost $3.1 million before its staking product had a chance to build any real track record. There wa…
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Dormant LIBRA Wallets Wake Up to Buy 456,401 SOL, Fueling Fresh Scrutiny
Wallets connected to the LIBRA memecoin collapse — one of 2025's most notorious political crypto scandals — sat untouched for roughly nine months while holding $57.6 million. In No…
Cloudflare's Self-Inflicted Outage Exposed the Internet's Single Point of Failure
At 6:20 AM ET on November 18, 2025 , large portions of the internet simply stopped responding. There was no warning period — services that were working normally began throwing 500 …
Stream Finance's Recursive Stablecoin Loop Unravels Into $285 Million DeFi Contagion
A month after an earlier investigation described the circular relationship between Stream Finance and Elixir as an expensive piece of financial theater, the arrangement finally gav…
The One-Directional Rounding Bug That Cost Balancer $128 Million Across Nine Chains
In just over an hour on November 3rd, an attacker drained more than $128 million from Balancer's Composable Stable Pools spread across multiple blockchains, in what PeckShield's li…
How Stream Finance and Elixir Turned $1.9 Million Into a $14 Million Stablecoin Illusion
A stablecoin backed by a second stablecoin, which is in turn backed by the first, is not a novel financial primitive — it is an expensive loop that eventually has to be paid for by…
How Intuition-Driven AI Coding Is Quietly Raising DeFi's Risk Profile
A growing share of software today is written not through careful design but through a kind of improvisation: a developer opens an editor, lets an AI assistant such as Copilot gener…
How Kadena's Institutional Blockchain Dream Unraveled in Eleven October Days
Two former JPMorgan engineers, Stuart Popejoy and Will Martino, left the bank in 2016 with the goal of building the proof-of-work blockchain they believed legacy finance was incapa…
AWS Goes Down, Takes Crypto's Decentralization Story With It
On October 20, 2025, AWS's US-EAST-1 region went down — and a large swath of crypto infrastructure went down with it. Coinbase froze up, Robinhood stalled, and Infura's outage brok…
A Single Key and a Decimal Slip Sent PYUSD Supply to $300 Trillion
On Wednesday, October 15, at 3:12 PM EST, Paxos executed an internal transfer that briefly minted $300 trillion in PayPal's PYUSD stablecoin on Ethereum — an amount more than 2.5 t…
Myanmar's Scam Compounds Rebuilt in Plain Sight, Running on Unlicensed Starlink Access
In February 2025, officials from China, Thailand and Myanmar stood before cameras and declared victory over the scam compounds lining Myanmar's border with Thailand — the sites whe…
Fire, Silence, and the Global Rollout of Mandatory Digital Identity
Cryptocurrency was conceived as a way to move value without gatekeepers - a parallel financial rail for people unwilling to depend on institutions they never voted for. Thirty-two …
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