The desk

Articles

Independent, referenced coverage of the companies shaping crypto, from exchange listings and stablecoin regulation to security failures and real-world-asset ventures. We publish both the promising and the troubling, always with sources.

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Broken padlock over a DeFi protocol network with red warning glow, representing an on-chain exploit
Critical
Security

DeFi lender drained in oracle exploit, about $120 million at risk

A large on-chain lending protocol was drained for roughly $120 million in a July 2026 oracle-manipulation exploit, underscoring persistent smart-contract risk even as DeFi TVL climbs to multi-year highs.

Hiroshi Tanaka
Abstract on-chain data visualisation representing a crypto exchange breach
Critical
Security

Coinbase discloses insider-led data breach affecting at least 69,000 customers

Coinbase revealed that criminals bribed overseas support staff to steal customer data, refused a $20 million ransom, and warned remediation could cost up to $400 million.

Hiroshi Tanaka
Abstract representation of a large-scale crypto exchange breach
Critical
Security

Bybit suffers a record $1.5 billion hack blamed on North Korea's Lazarus Group

In February 2025 Bybit lost nearly $1.5 billion of Ethereum in the largest crypto heist on record. Investigators tied it to a breached Safe{Wallet} developer machine, and the FBI blamed North Korea's Lazarus Group.

Hiroshi Tanaka
Cracked red chain link glowing over streams of cyan binary code
Critical
Security

Cross-chain bridge exploit revives the case against custodial message passing

A cross-chain bridge lost a substantial sum to a compromise of its validator set, repeating a failure pattern documented in most major bridge incidents of the past five years.

Hiroshi Tanaka
Dark world map with glowing cross-border transaction routes
Critical
Security

State-linked laundering flows draw fresh enforcement attention

Investigators report that laundering pipelines linked to sanctioned actors have shortened conversion times and increased cross-chain hops, while remaining traceable at the off-ramp.

Hiroshi Tanaka
Glowing Ethereum crystal on a circuit-board platform with layered rings
Critical
Security

Restaking concentration builds correlation risk that few holders have priced

Restaking allows one pool of staked collateral to secure multiple services, creating correlated slashing exposure that current risk disclosures largely fail to quantify.

Emma Lindqvist