Attackers stole ether, velo and stablecoins before developers mitigated the hack and paused operations. Sonne’s markets on the Base blockchain were not affected. Source: https://www.coindesk.com/tech/2024/05/15/sonne-finance-token-drops-60-after-20m-exploit-on-optimism/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The ALEX team proposed a 10% bounty on the total stolen funds in exchange for the return of 90% of assets. Source: https://www.coindesk.com/business/2024/05/15/bitcoin-defi-tool-alex-lab-loses-43m-in-hack-offers-10-bounty-for-stolen-funds/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Attorneys for former FTX executive Ryan Salame are asking for 18 months in prison, citing his cooperation with authorities and remorse. Source: https://www.coindesk.com/policy/2024/05/15/former-ftx-exec-ryan-salame-asks-for-lenient-18-months-in-prison/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/business/2024/05/14/vanguard-said-set-to-name-ex-blackrock-etf-exec-as-ceo-wsj/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The popularity of new blockchain “restaking” protocols led by EigenLayer has drawn a response from the principals behind the liquid staking platform Lido, which itself burst onto the scene …

Core contributor Hoak blamed his actions on a “crippling gambling addiction.” Source: https://www.coindesk.com/business/2024/05/14/insider-at-solanas-cypher-protocol-admits-to-stealing-300k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

After a technical proposal to improve Ethereum wallets met with some opposition, a familiar figure swooped in last week to devise an alternative. Source: https://www.coindesk.com/tech/2024/05/14/vitalik-buterins-ethereum-wallet-proposal-scribbled-in-22-minutes-gets-positive-reviews/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The crypto industry is throwing its weight around in Washington in hopes of influencing the upcoming U.S. elections, spending an unprecedented amount of money to get crypto-friendly candidates elected …

Liquity V2 will allow borrowers to set their borrowing costs, a novel approach in DeFi, and pays the lion’s share of protocol revenues back to liquidity providers. Source: https://www.coindesk.com/tech/2024/05/14/defi-lender-liquity-unveils-new-stablecoin-with-user-set-borrowing-rates-in-white-paper/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A new feature from Colony Lab, a developer and project incubator in the Avalanche blockchain ecosystem, called “liquid vesting,” lets users sell their tokens before their vesting period is …