The wallet linked to the Kelp DAO exploit appears to have laundered most of the $175 million worth of stolen Ether, while another $71 million remains frozen by Arbitrum’s security council. The exploiter behind the roughly $293 million Kelp DAO hack appears to have laundered nearly all of the unfrozen Ether stolen in the attack, narrowing recovery efforts to the tranche Arbitrum’s security council managed to freeze. The Kelp Dao hacker appears to have laundered nearly all of the 75,700 Ether (ETH) stolen from the protocol on Saturday. The hacker primarily used the THORChain to swap the Ether for Bitcoin (BTC), generating about $910,000 in fee revenue for the protocol, according to blockchain analyst EmberCN in a Thursday X post. The attacker began moving the funds on Tuesday, sending roughly 75,700 ETH, worth about $175 million at the time, into newly created wallets before routing the assets through THORChain and privacy protocol Umbra. Arkham data showed the attacker’s tagged main wallet had been largely emp...
Flying Tulip said its withdrawal safeguard is designed to fail open, while a status page lets users monitor the system in real time. Flying Tulip, a decentralized finance (DeFi) platform founded by DeFi developer Andre Cronje, has added a circuit breaker that can delay or queue withdrawals during abnormal outflows, as April DeFi losses climbed amid a string of major exploits. According to Flying Tulip’s documentation, the mechanism is designed to slow funds leaving the protocol if outflow capacity is exceeded, giving the team time to investigate suspicious activity and limiting how much an attacker could drain in a worst-case scenario. Flying Tulip said the circuit breaker works differently across products. In the first version of the circuit breaker, used in its Perpetual PUT product, withdrawals can revert and users must retry later. In the second version, used in Flying Tulip’s stable asset and settlement currency, ftUSD, withdrawals are queued and become claimable after a delay instead of being rejected ...
US-listed spot Bitcoin ETFs recorded a seven-day inflow streak totaling $1.9 billion, surpassing their March run over a similar period. US-listed spot Bitcoin exchange-traded funds (ETFs) have been gaining momentum amid Bitcoin’s price recovery, showing steady inflows since mid-April. Spot Bitcoin (BTC) ETFs logged $335.8 million in inflows on Wednesday, marking the seventh consecutive day of inflows, according to Farside data. During the inflow streak, the ETFs drew around $1.9 billion in total inflows, surpassing the previous seven-day inflow streak in March, which totaled $1.2 billion. Read more
MetaMask co-founder Dan Finlay is stepping down from ConsenSys citing burnout, as long-time crypto figures such as Bitcoin advocate Preston Pysh also pull back from public roles. MetaMask co-founder Dan Finlay is stepping down from ConsenSys after more than a decade working on the popular self-custody wallet, citing burnout and a desire to spend more time with his family. In a Thursday post on X, Finlay announced his decision and said that he wishes the MetaMask team “the best,” and believes they “have an amazing road ahead of them.” Finlay has been one of the most visible faces of MetaMask since its early days as a browser extension in the 2010s, helping the wallet grow into a default gateway to Ethereum (ETH) and other Ethereum Virtual Machine (EVM)-compatible networks. Read more
The industry's premier festival will host 20,000 attendees, merging heavy-hitting traditional finance integration with unmatched Miami nightlife. The industry's premier festival will host 20,000 attendees, merging heavy-hitting traditional finance integration with unmatched Miami nightlife. MIAMI, FL, APRIL 23, 2026, Press release – On May 5–7, Consensus Miami – the longest-running and most influential gathering for digital assets – will bring together 20,000 attendees from over 100 countries, including representatives from over 200 Fortune 500 companies. The event also marks the U.S. return of Solana Accelerate, uniting over 3,000 builders, executives, and policymakers. Driven by massive institutional momentum and a highly anticipated return to the U.S., the event is shaping up to be one of the most consequential global gatherings the industry has seen to date. The event serves as ground zero for the convergence of crypto at scale, institutional integration, and agentic commerce. Digital assets are no longer...