Wall Street without the banks: how DeFi runs $551 billion in loans, and where the real risks are hidden

May 29, 2026

Wall Street without the banks: how DeFi runs $551 billion in loans, and where the real risks are hidden

A financial system is already up and running on public blockchains, with loans, analogues of U.S. Treasuries, and automated capital markets. More than $551 billion has flowed through DeFi protocols — but most of that activity has nothing to do with the real economy and everything to do with the speculative build-up of risk.

Wasabi Protocol hacked for over $5 million

Apr 30, 2026

Wasabi Protocol hacked for over $5 million

The attacker gained administrative access and altered contracts to drain user funds

Lazarus suspected in $293 million KelpDAO hack

Apr 20, 2026

Lazarus suspected in $293 million KelpDAO hack

Attack on the restaking protocol triggered a domino effect across DeFi and triggered massive liquidity outflows

What connects the Aperture and 0xswapnet hacks

Feb 4, 2026

What connects the Aperture and 0xswapnet hacks

Two major attacks that occurred in January 2026 share common characteristics. There is strong reason to believe they were carried out by the same threat actor.

Uniswap has connected Revolut for direct cryptocurrency purchases with fiat currency

Dec 3, 2025

Uniswap has connected Revolut for direct cryptocurrency purchases with fiat currency

The integration simplifies entry into DeFi and speeds up the process of funding wallets.

Brazil tightens control over cryptocurrency transactions

Nov 24, 2025

Brazil tightens control over cryptocurrency transactions

The new rules affect both centralized platforms and DeFi services.

Elixir liquidates deUSD stablecoin after Stream Finance’s $93 million losses

Nov 7, 2025

Elixir liquidates deUSD stablecoin after Stream Finance’s $93 million losses

DeFi protocol Elixir has discontinued the issuance of the synthetic dollar deUSD after the collapse of its main borrower, Stream Finance, which owed the project tens of millions

Stream Finance froze deposits and withdrawals after losing $93 million

Nov 4, 2025

Stream Finance froze deposits and withdrawals after losing $93 million

Users faced a drop in the XUSD stablecoin and problems with withdrawals.

China Financial Leasing to create crypto-AI platform after raising $11 million

Oct 6, 2025

China Financial Leasing to create crypto-AI platform after raising $11 million

The company has raised $11,1 million to develop an investment platform combining AI and digital assets

UXLink updates smart contract after $30 million exploit

Sep 24, 2025

UXLink updates smart contract after $30 million exploit

Experts cited centralized management as one of the reasons for the hack

Why did the Yala (YU) stablecoin lose its peg to USD: analysis of the attack

Sep 17, 2025

Why did the Yala (YU) stablecoin lose its peg to USD: analysis of the attack

Hacker exploited a vulnerability in the Yala protocol to issue unsecured stablecoins

Nemo Protocol launches debt token program for victims of $2,6 million exploit

Sep 15, 2025

Nemo Protocol launches debt token program for victims of $2,6 million exploit

The platform has presented a compensation plan: users will receive NEOM, and part of the investment will go to a redemption pool to support liquidity