Crypto

Attacker mints $1 billion Polkadot tokens on Ethereum, ends up stealing just $250,000

A recent security breach saw an attacker mint $1 billion worth of Polkadot tokens on the Ethereum blockchain by exploiting a cross-chain bridge vulnerability. Despite the massive token creation, the attacker managed to steal only about $250,000 before the exploit was contained, highlighting both the risks and safeguards in decentralized finance systems.

7 min read

Aave passes landmark vote ending months-long fight over protocol revenue control

Aave has passed a landmark governance vote that ends a months-long dispute over protocol revenue control. The decision allocates all application and product revenue to AAVE token holders, restoring transparency and collective oversight. This milestone highlights the evolving governance challenges within decentralized finance protocols.