The $116 million Balancer exploit appears to have been months in the making, with the attacker utilizing Tornado Cash and advanced methods to evade detection.
Latest News on Business

When we talk about the role of Bitcoin (BTC) or blockchain in business, we are talking about either business ventures building blockchain/cryptocurrency systems, products or infrastructure; or the integration and adoption of cryptocurrency in existing enterprises as a supported payment method.
Bitcoin and cryptocurrency businesses face incredible challenges on two fronts: regulation and adoption.
Over the years, many high-profile crypto businesses such as some of the leading exchanges have had to move operations across the country or to other countries entirely to avoid severely inhibiting regulatory constraints in certain jurisdictions.
At the same time, mainstream adoption by individuals and established businesses is a very steep uphill battle for entrepreneurs as they attempt to make crypto more accessible and compelling to enterprises and laypeople alike.
Stay tuned as we chronicle blockchain and cryptocurrency’s shifting role in the world of business.
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The Chinese budget AI model QWEN3 was the only one to generate positive returns, while its more heavily funded competitors returned significant losses.
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The FTX Recovery Trust dropped a motion to limit payouts to creditors in countries including China, which holds about $380 million in claims.
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Alexandru Iulian Florea, founder and CEO of ION, shares details about the new blockchain-based social media platform and how it empowers users and developers.
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Stablecoin settlement times vary wildly depending on their blockchain. Purpose-built payment chains must remain open, or they will repeat TradFi fragmentation.
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Stream Finance is investigating a $93 million loss and has paused deposits and withdrawals, which has caused its stablecoin to depeg to $0.50.
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Michael Saylor’s Strategy has filed to offer euro-denominated shares in its latest push to raise capital for more Bitcoin.
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Stablecoins, tokenized money market funds and tokenized treasuries could become a common treasury asset in the future, Fireblocks’ John Hallahan told Cointelegraph.
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Market maker Wintermute has shot down rumors suggesting it plans to sue Binance in relation to a flash crash last month, when Bitcoin fell 15.2% to below $103,000.
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Ripple has added to its recent run of acquisitions, buying the crypto wallet and custody firm Palisade in a bid to boost its offerings to institutions.
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Fellow miner IREN also signed a multi-year GPU cloud services contract with Microsoft worth $9.7 billion on Monday.
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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The biotech company's pivot into digital assets marks one of the largest treasury financings to date, underscoring growing institutional demand for tokenized finance.
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Reports showed four security companies conducted 11 audits of Balancer’s smart contracts starting in 2021, but a bad actor was still able to drain millions in staked Ether.
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As Ripple’s Swell conference kicked off in New York this week, the company announced an expansion of OTC services following its October acquisition of a prime broker.
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