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What started as a massive exploit has now entered a more worrying phase. The entity behind the ~$290 million breach of Kelp DAO is no longer sitting still. They’ve begun moving large amounts of stolen

What started as a massive exploit has now entered a more worrying phase.
The entity behind the ~$290 million breach of Kelp DAO is no longer sitting still. They’ve begun moving large amounts of stolen ETH — a classic sign that the laundering process is underway.
💸 Funds on the move
On-chain data shows that around 75,700 ETH (~$175 million) has already been transferred across newly created wallets:
25,000 ETH sent to a fresh address
50,700 ETH split into another wallet
Smaller test transfers (like 0.7 ETH) used to probe routes
Even more concerning: part of these funds has already passed through privacy-focused protocols like THORChain and Umbra.
That’s usually the point where recovery becomes significantly harder.
🧩 A ripple effect across DeFi
This isn’t just a single protocol problem anymore — it’s spreading:
Arbitrum has already frozen 30,766 ETH tied to the exploit
Aave could be facing $123M–$230M in bad debt
The attacker reportedly used stolen funds as collateral to borrow more assets
It’s the DeFi version of a domino effect.
⚠️ The core issue: a single point of failure
At the center of the debate is LayerZero.
LayerZero claims the breach was caused by a 1-of-1 verifier setup — meaning:
Only one validator was needed to approve cross-chain messages.
That effectively created a single point of failure, allowing a malicious transaction to be treated as legitimate.
Kelp DAO, however, disputes this:
Says the setup followed default configurations
Argues the vulnerable component is part of LayerZero’s own infrastructure
So now, the question isn’t just what failed — but who is responsible.
🧠 What this means for users
This situation highlights a few uncomfortable truths


After the $290M Kelp DAO Hack, the Attacker Starts

WL: Ethereum L2/Sidechain

Bitcoin Up 2 Weeks: Beginning or End?Daily 5K USDT Airdrop - Join & Win!HTX Community April Creation Contest OCBC Launches GOLDX Tokenized Gold Fund on ETH and SOL Following subscription, GOLDX tokens

OCBC Launches GOLDX Tokenized Gold Fund on ETH and SOL

Following subscription, GOLDX tokens are delivered directly to investors' blockchain wallets, OCBC said Monday.

Singapore's OCBC bank has launched GOLDX, a tokenized physical gold fund issued on both the Ethereum and Solana blockchains, in partnership with its asset management arm Lion Global Investors and digital asset exchange DigiFT.

The token is aimed at institutional investors, hedge funds, and asset managers, and can be purchased using stablecoins or fiat currencies. Following subscription, GOLDX tokens are delivered directly to investors' blockchain wallets, OCBC said Monday.

GOLDX provides on-chain exposure to the LionGlobal Singapore Physical Gold Fund, which launched in December and held approximately $525 million in assets under management as of April 16. OCBC said the product is designed to attract Web3 participants and high-net-worth individuals operating in blockchain and cryptocurrency ecosystems.

OCBC Launches GOLDX Tokenized Gold Fund on ETH and

$MYX /USDT Analysis: Buying the Dip or Catching a Falling Knife? While MYX shows a strong +12% daily bounce, a look at the longer-term performance shows it’s still down significantly over 30 days (-20

$MYX /USDT Analysis: Buying the Dip or Catching a Falling Knife? 

 While MYX shows a strong +12% daily bounce, a look at the longer-term performance shows it’s still down significantly over 30 days (-20.73%). For the disciplined trader, here is the setup:

Support Zone: 0.2120 remains the "must-hold" level. A break below this could lead to further price discovery on the downside.

Confirmation: Volume is currently at 8.36M, but we need a sustained increase to confirm this isn't just a "dead cat bounce."

Trade Idea: A tight stop-loss below the recent swing low (0.2350) offers a decent risk-to-reward ratio for those targeting the range.

Patience is key. Stay sharp, traders! 🛡️

Vote to help HTX win & share 300 USDT!

Bitcoin Up 2 Weeks: Beginning or End?HTX DAO's First Hackathon Launches!Vote to help HTX win & share 300 USDT!Grinex hack blows a hole in Russia’s sanctions‑evading crypto lifeline A suspected state‑l

Grinex hack blows a hole in Russia’s sanctions‑evading crypto lifeline


A suspected state‑linked $13m hack has shuttered sanctioned Russian crypto exchange Grinex, cutting a major ruble‑to‑crypto sanctions‑evasion channel.

A major Russian cryptocurrency exchange used to funnel money around Western sanctions has shut down after a suspected large‑scale cyberattack that wiped out more than $13 million and severed a critical financial channel for the country’s shadow economy.

According to DL News, Grinex reported losing over 1 billion rubles, or roughly $13 million, in a hack that targeted its core wallet infrastructure, prompting it to halt trading and withdrawals before announcing it would cease operations entirely.

In a statement on its Telegram channel, the platform claimed the breach showed “signs of involvement from foreign intelligence agencies,” suggesting the tools and resources used were “beyond typical hackers” and part of “broader pressure on the Russian financial system.”

Sanctions hub taken offline

Grinex was created by former Garantex employees as a successor platform after U.S. authorities and allies sanctioned Garantex for processing more than $100 million in ransomware and other illicit flows, according to the U.S. Treasury’s Office of Foreign Assets Control.

OFAC described Grinex as “another cryptocurrency exchange created by Garantex employees to support the company’s sanctions evasion efforts,” and in August 2025 it sanctioned Grinex alongside A7A5, a ruble‑backed token that helped move Russian funds through Kyrgyz and other regional intermediaries.

Chainalysis, which has tracked the network, said the August 2025 designations were part of “a multi‑year effort to dismantle a sanctions‑evasion infrastructure” that laundered ransomware proceeds, darknet market revenues and other illicit transactions since at least 2019.

DL News r

Grinex hack blows a hole in Russia’s sanctions‑eva

According to cryptocurrency trader “Doctor Profit“, the crypto market may face a crash “even worse than during the dot com bubble.” The trader is shorting 100 altcoins simultaneously, worth $1 million

Trader Claims Dot Com Bubble Level Crash Is Coming For Crypto

BASED: Hyperliquid’s On-Chain Super App

Bitcoin Up 2 Weeks: Beginning or End?HTX DAO's First Hackathon Launches!Daily 5K USDT Airdrop - Join & Win! Building on its US success, crypto exchange Coinbase has rolled out crypto-backed USDC loans

Building on its US success, crypto exchange Coinbase has rolled out crypto-backed USDC loans for UK residents, using Bitcoin (BTC) and Ethereum (ETH) as collateral. This expands the exchange’s growing suite of financial services in the region.

Crypto-Backed Loans Cross The Pond

On Monday, Coinbase, the largest crypto exchange in the US, announced that it has expanded its Borrow product to UK residents, unlocking more liquidity for users without having to sell their crypto holdings.

UK customers can now instantly borrow USDC using their Bitcoin, Ethereum, and Coinbase Wrapped Staked Ether (cbETH) as collateral, powered by Morpho, an on-chain protocol on the Base network.

Notably, Coinbase users will be able to borrow up to $5 million in USDC for Bitcoin-backed loans, depending on the amount of BTC pledged as collateral, the announcement explained.

The crypto exchange stated that collateral will be locked in a Morpho smart contract until the loan is fully repaid, and there is no fixed repayment schedule. However, it will be liquidated to repay the loan if the loan-to-value ratio exceeds a certain threshold, and Morpho will charge a liquidation penalty fee.

According to the Monday announcement, the launch expands access to the exchange’s crypto-backed lending service, which has seen multi-billion-dollar demand since launch in the US last year.

Providing access to crypto-backed loans in the UK is the first step in Coinbase’s ongoing efforts to expand following the launch of this offering in the US in January 2025. Initial interest in the service in the US has been substantial with total loan originations through Coinbase on Morpho growing to over $2.17B USDC as of April 14, 2026. Coinbase plans to continue expanding access to crypto-backed loans in more countries in the near future.



Building on its US success, crypto exchange Coinba

The UK Treasury announced a regulatory framework during London FinTech Week, planning to integrate stablecoins and tokenized deposits into a unified regulatory framework with traditional payment servi

UK Announces Regulatory Framework for Stablecoins and Tokenized Deposits

Building on its US success, crypto exchange Coinbase has rolled out crypto-backed USDC loans for UK residents, using Bitcoin (BTC) and Ethereum (ETH) as collateral. This expands the exchange’s growing

Coinbase Launches Crypto-Backed USDC Loans For UK Users In Latest Expansion

Inconsistent Spot demand caps Bitcoin’s upsideDaily 5K USDT Airdrop - Join & Win!HTX Community April Creation ContestVote to help HTX win & share 300 USDT! Bitcoin’s market now reflects a clear imbala

Inconsistent Spot demand caps Bitcoin’s upside



Bitcoin’s market now reflects a clear imbalance, where strong corporate buying supports price, yet broader demand fails to follow through.

As large buyers continue absorbing supply, momentum does not build, which shifts pressure onto the demand side.

ETF flows show this inconsistency clearly. Inflows moved from $471 million on the 6th of April to –$159 million on the 7th of April, then reversed again, showing demand enters but does not persist.

As this pattern continues, capital flows in bursts rather than building sustained pressure.

This behavior reflects weaker retail and organic participation, while institutional demand remains cautious. As a result, price holds steady but struggles to break higher.

This implies Bitcoin stays supported, yet without consistent demand, the market remains range-bound and delays stronger upside movement.



Inconsistent Spot demand caps Bitcoin’s upside Bi

PaulieB taps standardized subgraphs and AI-driven MCP tech to query 90 DeFi lending protocols across 15 chains with a $ONE GraphQL query, aiming to simplify cross-chain data analysis and accelerate du

FTX bankruptcy burning $1.5 million in legal costs every day. Their monthly fees now reached almost $50 million.

<img src="https://d1x7dwosqaosdj.cloudfront.net/images/2023-08-24/c81370636ad2d692a692d987a3abccf3.png" alt="Screenshot_20230824-121038~2.png" style="width:100%; height:auto; margin-top: 10px; margin-bottom: 10px"><br><div>FTX bankruptcy burning $1.5 million in legal costs every day.</div><div>Their monthly fees now reached almost $50 million.&nbsp;&nbsp;<br></div><div><br></div>

FTX bankruptcy burning $1.5 million in legal costs

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FTX bankruptcy burning $1.5 million in legal costs

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