MARA spent $4.3 million on CEO Fred Thiel’s security in 2025, including vehicle armoring, as crypto wrench attacks increased globally. Bitcoin miner MARA Holdings spent $4.3 million on personal security for CEO Fred Thiel in 2025, including $430,780 to armor a vehicle, as crypto companies respond to rising physical attacks on industry executives and investors. MARA, the seventh-largest Bitcoin mining company worth more than $5 billion, also spent about $58,810 on Thiel's home security installations and reported additional expenses related to the security measures of other executives, according to its DEF 14A filing with the US Securities and Exchange Commission on April 30. The filing shows that MARA spent a total of $4.3 million on Thiel's security during fiscal year 2025, including the armored vehicle, bodyguards and home security fortifications. Read more
SpaceX’s IPO could turn the Mag 7 into a Mag 8, with Tesla and SpaceX comprising 25% of the group's Bitcoin balance-sheet exposure. Elon Musk's rocket and satellite company SpaceX is planning a $75 billion IPO in June, which could make it the largest near-term public listing with a major Bitcoin treasury. Key takeaways: SpaceX disclosed 18,712 BTC in its recent S-1 filing, worth roughly $1.45 billion, making it the largest known Bitcoin holder among companies preparing for, or recently filing for, a public listing. Read more
Repeated bridge exploits and shrinking yields are making institutions question whether DeFi’s risks still justify the returns, says Symbiotic’s Putiatin. Security exploits are weighing on institutional appetite for decentralized finance (DeFi), even as broader crypto adoption continues through stablecoins and tokenized assets. In an April research note, JPMorgan analysts said that bridge security remains a challenge for the industry, raising questions on whether DeFi can grow to support further institutional adoption. The recent exploit on the Versus-Ethereum bridge was the eighth major attack against DeFi bridges in 2026 so far, with cumulative losses totalling $328.6 million. Read more
The $10.7 million THORChain exploit was caused by a GG20 vulnerability, which allowed a malicious node to reconstruct a full private key to one of its vaults. THORChain said a malicious node operator exploited a vulnerability in its GG20 threshold signature system to drain about $10.7 million from one of the protocol’s vaults. The GG20 threshold signature scheme is used to secure THORChain vaults by splitting key control across multiple node operators, meaning no single node normally holds the full private key. The vulnerability allowed the malicious node operator to reconstruct a full private key for one vault, through “progressive key material leakage,” the protocol said in a post-mortem report released on Wednesday. Read more