SecurityDeFi
17 articles tagged DeFi.
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SecuritySecurityInitia halted after unbacked tokens left a bridge. A pause is not a refund.
Initia halted on 23 October after unbacked bridged tokens left, and said on 2 November that the chain was back. On 10 November exchanges said blocks had stopped again. Later reports put about 605,000 USDC out. That is a new incident.EasyCryptoGuides · · 5 min read
SecurityArkadiko’s own vote installed a contract that emptied vaults. A quorum is not a lock.
Arkadiko said a governance attack on 22 October 2026 drained vault collateral, on the order of 2 million stSTX and 1.65 sBTC in its preliminary count. It paused governance and vault redemptions. It has not published a dollar total.EasyCryptoGuides · · 4 min read
SecurityCosmos Hub restarted and moved 1,227,121 ATOM. That is a validator choice, not finality.
On 23 September 2026 Cosmos Hub resumed at 12:00 UTC on Gaia v28.3.0. A one-time state change at height 33,086,741 moved 1,227,121 ATOM from a Neutron attacker’s account to a 4-of-6 recovery multisig.EasyCryptoGuides · · 4 min read
SecurityNomic’s nBTC broke. Osmosis froze allBTC. A voucher is not bitcoin.
On 9 September 2026 Osmosis said about 39.84 nBTC — roughly 36% of Alloyed BTC backing — was affected. An emergency upgrade froze 22.65 BTC. Mint and redeem are paused.EasyCryptoGuides · · 3 min readSecurityCronos rolled back ~11,000 blocks after Tectonic. That is a validator choice, not finality.
On 30 August 2026 Cronos halted at block 90,907,150 and restored state to 90,896,188. About $111.2 million reversed on-chain; about $9.19 million had already left.EasyCryptoGuides · · 3 min readDeFiWhat is DeFi?
Decentralised finance is a set of contracts that hold coins and follow instructions. No helpdesk will unwind a confused click. Here is the product map without a farm ranking.EasyCryptoGuides · · 5 min readCrypto BasicsWhat is Sky (SKY)?
SKY and USDS launched on 18 September 2024, when Maker rebranded as Sky. The protocol rate is 24,000 SKY per MKR. A small SKY price is that split. Conversion is a transaction you sign.EasyCryptoGuides · · 2 min read
DeFiTerra’s collapse is what an algorithmic peg looks like when the bid dies
A token that was supposed to stay at $1 by minting and burning LUNA hyperinflated the seigniorage coin instead. Anchor’s yield was demand, not a law of physics.EasyCryptoGuides · · 2 min read
DeFiWhat is Liquity USD (LUSD)?
LUSD is a stablecoin from the Liquity protocol: over-collateralised with ETH, redeemable, with a stability pool. The peg is a mechanism, not a promise from a treasury.EasyCryptoGuides · · 3 min readSecurityPoly Network’s $610m hole was a bridge bug. The chains kept running.
A little-known interoperability protocol lost on the order of $610 million, then spent two weeks getting it returned. Ethereum did not halt. A keeper path did.EasyCryptoGuides · · 1 min read
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