Cybersecurity researcher ZachXBT said they identified the wallet linked to the scam.
Latest News on DeFi
Decentralized finance, also known as DeFi, is a sector within the overall cryptocurrency and blockchain industry focused on providing a decentralized version of mainstream financial opportunities. In the mainstream world, financial institutions offer customers access to opportunities such as cash storage and loans. However, these offerings are governed by centralized entities.
With the help of distributed ledger technology, or DLT, DeFi solutions offer a number of the same opportunities, but they are controlled by a large number of participants who abide by rules enforced by smart contracts. DeFi solutions also often give greater flexibility in terms of users’ ability to store and control their own assets. Additionally, decentralized exchanges, or DEXs, further decentralize digital asset trading, in contrast to trading on centralized digital asset platforms.
- News1283
- Newsletter
The crypto market soared past $3.27 trillion as Bitcoin reclaimed $100,000, Ether jumped 26% after the Pectra upgrade and Trump’s UK trade deal fueled bullish sentiment.
3908 - News
Animoca Brands' Yat Siu says rethinking how we fund education could be the breakthrough that brings blockchain to the mainstream — starting with DeFi student loan financing.
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Gaming and decentralized finance have long held the top spot in the DApp ecosystem, but AI is gaining speed to give these sectors a run for their money.
5201 - Spotlight
Launch of the verifiable agent lets users automate crypto tasks without giving up control, marking a shift toward safe, AI-driven finance.
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The US Securities and Exchange Commission is looking at potentially exempting companies that issue tokenized securities from certain registration requirements.
23040 - Opinion
Cryptocurrency's path to mass adoption hinges on user experience. Simplifying complex interactions and enhancing trust will unlock its full potential.
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The co-founder of Sweat said he prioritizes making multichain DeFi accessible to millions through simple actions like walking and using its wallet.
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Blockchain project Space and Time, backed by Microsoft, has launched its permissionless mainnet for ZK-proven data infrastructure.
6063 - News
At the Blockchain Baddies event during Token2049 in Dubai, women in Web3 shared how clarity, education and community are key to attracting more women into crypto.
2888 - News
Donald Trump-backed USD1 stablecoin saw its market cap rise from $128 million to above $2 billion days before MGX’s $2 billion investment announcement by Eric Trump.
2797 - Explained
Tornado Cash is designed to make transactions private, but allegations of money laundering led to US sanctions, though they were lifted in March 2025.
- News
The address used by the hacker to send the funds to Tornado Cash had been dormant since November, with the last transaction occurring 166 days ago.
1712 - News
The vote on the airdrop proposal will close on May 14, and at the moment, those in favor are way ahead, with 99.97% voting yes.
3548 - Market Analysis
Solana’s stablecoin market cap hit a record high at $13 billion as a bullish SOL chart pattern points to a potential rally to $220.
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