A trader weaponized JELLY against Hyperliquid, forcing their hand - lose $12 million or hit the emergency brakes. A small set of validators vote in minutes, while rival exchanges circled like sharks. Decentralization vanishes when profits become losses.
Suspicious transfers from Xeggex hours before their CEO's alleged 'hack' have the community drawing comparisons to past exchange collapses. Now, promissory tokens replace real assets, while funds seem to flow out the back door. Meanwhile, users are left stranded in crypto's latest ghost town.
When you build leveraged experiments on top of working products, reality strikes. THORChain now faces $200M in frozen funds, a native token in free fall, and 90 days to choose between controlled demolition or total collapse.
Inauguration weekend turned crypto into a political battleground as President-elect Trump's $TRUMP and First Lady's $MELANIA meme tokens ignited, nuked, then reignited the markets. Some traders got so rekt they started missing Gary Gensler.
Hardcoded lies, collapsing pegs, and a founder possibly playing both sides. Usual Money's USD0++ implosion - a masterclass in DeFi deception. When 60 percent yields turn into 87 cent redemptions, you're not the user - you're the product.
Recently, Polygon tried to turn its $1.3B bridge into a yield farm. Users said hell no. Aave threatened to exit. Protocols fought, communities roared, and a billion-dollar drama exposed the raw nerves of DeFi governance.
From meme queen to meme coin casualty. Hailey Welch’s $HAWK token lost 91% in 3 hours as presale investors emptied their bags on newcomers. Even 15 minutes of fame can last one minute too long. The attention economy has claimed its latest victims.
Riding VC millions and prestigious credentials, Parallel Finance secured an early Polkadot parachain slot, only to abandon their chain and mismanage assets. 200k DOT hangs in the balance while an empty governance proposal reveals months of deception.
Degens didn’t cross the line—they erased it. The rise of live streaming on pump.fun turned crypto into a grotesque circus of human suffering, where chaos, greed, and depravity spiraled into outright criminality.
Welcome to the rollercoaster ride that is Truth Terminal - one of the most profitable wallets in crypto, owned by an AI that hardly does any trading, mostly tweeting! Only in crypto could a non-human influencer make such waves.
A betrayed blockchain expert becomes the ultimate insider threat. When code is law, who truly holds the power? The builders or the breakers? Explore the dark side of Defi with this new work of fiction by Rekt News.
Crypto is a minefield, where triumph and disaster teeter precariously on a razor's edge. It appears that the allure of celebrity-minted meme coins has us ensnared in a never-ending loop of déjà vu. History continues to repeat itself like a sad, tired sitcom rerun.