Crypto

Carrot Closes Operations Following Significant Losses from Drift Exploit

Carrot has announced its decision to cease operations just weeks after suffering substantial losses due to the Drift exploit. This incident is seen as a stark example of the recent contagion impacting decentralized finance (DeFi) protocols. The exploit significantly diminished the value of Carrot, raising concerns over the vulnerabilities in the DeFi landscape. Investors and stakeholders are closely monitoring the repercussions of this closure on the broader market. The event underscores the risks associated with DeFi investments and the interconnectedness of various protocols. This is a developing story as the DeFi community grapples with the fallout from the exploit.

Crypto

ZetaChain Faces Criticism Over Ignored Bug Report Amid $334K Exploit

ZetaChain is under scrutiny as allegations arise that the platform neglected a critical bug report which could have mitigated a recent exploit totaling $334,000. This incident occurs amidst a troubling trend in decentralized finance (DeFi), with hacks reaching a staggering $629 million in losses for April alone, marking the

Tapbit Enhances Transparency with CertiK's Security Validation and Proof of Reserves

Tapbit has strengthened its commitment to transparency by integrating real-time infrastructure monitoring from CertiK, a leading blockchain security firm. This step complements its existing Proof of Reserves (PoR) framework, which is designed to fulfill institutional expectations for verifiable exchange data. The independent security assessment, finalized in August 2025, covered comprehensive

276 Arrested in Major Crackdown on Surge of Crypto Scams in 2026

U.S. authorities have arrested 276 individuals as part of a coordinated effort to combat a spike in crypto scams, particularly the 'pig butchering' scheme. Victims have reported losses totaling millions, raising concerns about the alarming increase in such fraudulent activities. The operation involved multiple agencies working together

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