Cronos Blockchain Frozen After $75M Tectonic Exploit Drains DeFi Protocol
Crypto.com's Cronos chain ground to a halt after exploiters drained $75M from lending protocol Tectonic, with $6M already bridged to Ethereum before validators intervened.…
Long-form coverage of cards, IBANs, payment rails, regulation and the technology that moves money — in seven languages, written by working operators.
Crypto.com's Cronos chain ground to a halt after exploiters drained $75M from lending protocol Tectonic, with $6M already bridged to Ethereum before validators intervened.…
A sophisticated DeFi exploit drained $9.3M in WFLOW from More Markets' lending reserve using an Ankr liquid staking token and E-mode overborrowing mechanism.…
The Financial Stability Board's Andrew Bailey has put AI-driven cyber risk at the top of the global financial stability agenda in a letter to G20 ministers.…
The BIS has publicly endorsed tokenised deposits as a more robust payments foundation than stablecoins, with General Manager Pablo Hernández de Cos making the case at Jackson Hole.…
PayPal's stock fell 12.7% after Stripe and Advent International reportedly abandoned their $50B-plus takeover pursuit, sending shockwaves through the payments sector.…
The UK government has formally tasked the Bank of England with fostering innovation in payments and digital money, while preserving financial stability as the paramount priority.…
Deutsche Bank's Private Bank selects UK fintech Thought Machine's Vault Core platform, marking the first concrete step in a sweeping core banking modernisation plan announced in late 2025.…
The Cronos blockchain was suspended following an estimated $75M exploit targeting lending protocol Tectonic, while Crypto.com's app and exchange remained unaffected.…
The OCC issued two revised supervisory manuals and proposed amendments to its violations framework, sharpening focus on the most significant risks facing large banks.…
Nium launches a USDC-based funding program letting businesses finance accounts with stablecoins and pay recipients in fiat, reshaping cross-border payment infrastructure.…
The BIS General Manager challenged stablecoins' reliability as economy-wide payment instruments at the Federal Reserve's Jackson Hole symposium on 28 August 2026.…
Six Bitcoin wallets dormant since 2011–2014 moved roughly $40 million in crypto over ten days, reigniting debate over early-holder behavior and market signals.…