THORChain's Ice Age
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.
Phemex - Rekt
When your hot wallets become 16 points of failure, $73M makes an expensive lesson in access control. From Ethereum to Solana, CEX Phemex just demonstrated how to turn multi-chain support into a masterclass in multi-chain mayhem.
Trump Casino
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.
The Idols NFT - Rekt
Some reflections are better left unseen. The Idols NFT found out the hard way - never trust a mirror. A flaw in their reward system let an attacker drain 97 stETH ($324k) by setting sender and receiver to the same address.
Moby Trade - Rekt
When your private keys become the white whale, who's really hunting whom? Moby Trade loses roughly $1 million to a compromised key, while white hats rescue $1.47M from the depths. Some lessons of the sea only need to be learned once.
Unusual Money
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.
Orange Finance - Rekt
First significant hack of 2025. Orange Finance got squeezed for $843.5k after their 'multi-sig' turned out to be uni-sig. Their contract is no longer Orange, their security was never golden. Another private key leaks, another protocol rots.
Bad Math Homework
Anybody need a math tutor? Because SolvBTC’s numbers might be in need of a recheck. The battle over Bitcoin reserves might be a little more complicated than it seems. Offline promises and double-counted coins could point to some serious discrepancies… but who's really keeping track?
Trapped Between Protocols
How Alpha Finance dodged $32 million in debt with two rebrands while Iron Bank holds users hostage. Their hacker's recent 500 ETH cash-out is just another twist in this crypto vanishing act. Is rebranding becoming the gentleman's rug pull?
Hyperliquidate
North Korean hackers don't take holidays. While Hyperliquid guards $2 billion with just 4 validators, DPRK tests their defenses. Security experts warn - 3 signatures is all it takes. The team's response couldn’t be more Bah humbug.
Patently Absurd
Lawyers draw blood over Zama and Sunscreen's encryption tech. Open-source privacy tech bleeds as a patent battle threatens to nuke innovation.
Burning Bridges
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.