Eight web3 games have either shuttered, paused operations, or pivoted back to web2 this year as major funding dries up.
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DeFi, meet Claude: Moonwell’s ‘vibe-coded’ oracle in $1.8M blowup
Moonwell’s third oracle malfunction in six months saw the price of cbETH set at $1.12 instead of $2,200, leading to...
Tether challenges USDC Solana hegemony with $127.5M Drift bailout
Tether has pledged up to $127.5M to help Drift “support user recovery and relaunch the Drift platform” after a $285M...
Solana validator logs 32 delinquencies, foundation still claims ‘100% uptime’
Solana’s “100% uptime” claim is true at the cluster level, but anyone in the Harmonic Major validator went delinquent 32...
Crypto hack goes political as Grinex blames ‘Western special services’
Kyrgyzstan-registered crypto exchange Grinex has suspended operations. It had previously been linked to sanctions evasion of up to $6B. Source...
