The exploit, caused by a rounding error vulnerability in one of zkLend’s smart contracts, siphoned off millions in user funds and marked the beginning of a rapid unraveling for the project. Despite attempts to negotiate with the attacker, including a proposed 10% bounty offer, zkLend was unable to recover the stolen funds.
Unveiled during Coinbase’s State of Crypto Summit, Armstrong shared key pillars of the company’s 2025 product strategy in a detailed thread on X (formerly Twitter), positioning Coinbase as not just an exchange but the infrastructure layer for the next era of finance.
In a strategic move to expand non-speculative reward strategies within decentralized finance (DeFi), STON.fi has announced the integration of Ethena Labs’ synthetic dollar USDe into its ecosystem on The Open
Other participants in the round include Symbolic Capital, SALT Fund, and Flowdesk. Although the round closed in mid-2024, Avantis waited until now to announce it publicly to match its platform’s recent growth milestones, according to Harsehaj Singh, CEO of Lumena Labs, the team behind Avantis.
India tops global crypto adoption, but everyday use remains elusive. In an exclusive interview, Mudrex cofounder Alankar Saxena unpacks how Indians are moving from quick trades to five-year holds, why education and clear rules matter, and where remittances and DeFi could make crypto mainstream.
