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Kelp Blames LayerZero for $292 Million Hack, Plans Switch to Chainlink

Kelp has attributed the recent $292 million hack to vulnerabilities in LayerZero, a cross-chain messaging protocol. Following the incident, Kelp announced plans to transition to Chainlink's services for enhanced security and reliability. The hack has raised concerns about the safety of cross-chain technology, prompting Kelp to reevaluate its infrastructure. The company aims to strengthen its defenses and restore user trust by implementing Chainlink's solutions.

Read the full article: Decrypt

Anchorage launches agentic banking as CEO tips ‘trillion-dollar’ opportunity

Anchorage has introduced agentic banking, a new service aimed at providing financial institutions with enhanced capabilities in managing digital assets. The CEO highlighted the potential of this service to tap into a "trillion-dollar" opportunity within the cryptocurrency and digital asset market. Agentic banking allows clients to maintain control

A16z raises $2.2B for new fund backing stablecoins, prediction markets

A16z has successfully raised $2.2 billion for a new fund aimed at investing in stablecoins and prediction markets. This significant capital infusion reflects the firm's commitment to supporting innovative financial technologies. The fund will focus on projects that enhance the utility and adoption of stablecoins, as well

Law enforcement freezes $41M connected to $150M crypto Ponzi collapse

Law enforcement agencies have frozen $41 million linked to a $150 million Ponzi scheme involving cryptocurrency. The scheme, which defrauded investors by promising high returns, has led to multiple arrests and ongoing investigations. Authorities are working to recover funds for the victims while dismantling the network behind the fraudulent operation.

OKX joins crypto’s pre-IPO frenzy with OpenAI, SpaceX perpetual futures

OKX has entered the cryptocurrency pre-IPO market by launching perpetual futures contracts for OpenAI and SpaceX. This move aligns with the growing interest in pre-IPO assets within the crypto space, as investors seek exposure to high-profile companies before they go public. The new futures contracts allow traders to speculate on

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Anchorage launches agentic banking as CEO tips ‘trillion-dollar’ opportunity

A16z raises $2.2B for new fund backing stablecoins, prediction markets

Law enforcement freezes $41M connected to $150M crypto Ponzi collapse

OKX joins crypto’s pre-IPO frenzy with OpenAI, SpaceX perpetual futures