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DeFi security
Smart-contract, protocol and decentralized-finance security.
Image: crypto.newsThe Sandbox's 49 Billion Phantom Mint: Analyzing Cross-Chain Vulnerabilities and Safeguards
According to reporting by crypto.news, an attacker weaponized an ERC-20 function on The Sandbox token contract to mint unbacked tokens on Base, though actual reserve extraction was heavily constrained, and these claims remain not officially confirmed by primary sources.
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crypto.newsThe Sandbox's 49 Billion Phantom Mint: Analyzing Cross-Chain Vulnerabilities and Safeguards
According to reporting by crypto.news, an attacker weaponized an ERC-20 function on The Sandbox token contract to mint unbacked tokens on Base, though actual reserve extraction was heavily constrained, and these claims remain not officially confirmed by primary sources.
CointelegraphTerm Finance Reports Estimated Losses Following Vault Governance Exploit
Decentralized lending platform Term Finance suffered a major security breach affecting its strategy vaults, with blockchain security monitors estimating losses at approximately $8.5 million. The incident, which is not officially confirmed by all parties, led to the permanent closure of the protocol's Meta Vaults.
crypto.newsKalshi restricts Washington users amid expanding state-level litigation and federal jurisdiction disputes
According to media reporting by crypto.news, prediction market Kalshi implemented geographic restrictions on Washington residents following an amended preliminary injunction issued by a local state court judge. The platform simultaneously requested reconsideration of the order, arguing that state authorities unfairly targeted its operations while offering more favorable treatment to a similarly situated federally registered competitor. These reported developments occur alongside broader nationwide friction involving state gambling regulators and federal oversight by the Commodity Futures Trading Commission, though the underlying allegations and comparative legal arguments remain not officially confirmed by a definitive judicial verdict.
crypto.newsTerm Labs Vault Exploit Drains Estimated $8.5 Million in Reported Governance Attack
Term Labs has acknowledged an ongoing security investigation after a governance exploit targeted its lending vaults, with external blockchain researchers estimating total losses at approximately $8.5 million, though these figures remain not officially confirmed.
crypto.news via LBankTerm Labs Vault Incident Triggers Security Review Following Reported Exploitation
According to media reporting by LBank News based on crypto.news, Term Labs confirmed a governance exploit impacted its vaults, while external security firms estimated potential losses reaching approximately $8.5 million. The affected address reportedly accumulated about 2,843 Ethereum and 1.6 million DAI tokens following the unauthorized transactions. Furthermore, analytics providers traced the initial funding of the attacker's wallet back to Tornado Cash before the vault activities commenced. It must be noted that the total financial impact and exact vector remain unofficially confirmed by the protocol itself. This development is not officially confirmed.
CointelegraphEuropean Regulators Face Complex Hurdles as MiCA Targets DeFi Lending Vaults
According to reporting by Cointelegraph, European Union authorities are reviewing whether crypto lending should fall under the Markets in Crypto Assets framework, although decentralized finance vaults make it difficult to determine who should be regulated. This development is not officially confirmed by the European Commission as a finalized legal mandate.