
Ethena Moves USDe Backing Into Equity Perpetuals as Yields Shrink
Ethena is putting USDe's backing into equity perpetual trades that paid 14% to 17.5% over the summer, while bitcoin funding kept falling. A fee-switch vote runs alongside.
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Ethena is putting USDe's backing into equity perpetual trades that paid 14% to 17.5% over the summer, while bitcoin funding kept falling. A fee-switch vote runs alongside.

PeckShield and CertiK each put Moonwell's loss at about $8.7 million after an attacker inflated the price of MAMO and borrowed against it on Base.

An attacker funded with 2 ETH from Tornado Cash took full voting control of four Term Labs vaults and voted $8.5 million out. No code was broken.

Uniswap added a lending product to its app and wallet, sending deposits of USDC, USDT and ether into three Gauntlet-curated vaults on Morpho.

Aave governance took up a proposal to deprecate 50 low-adoption reserves and close six chain deployments, covering $98.1 million supplied and $15.6 million borrowed.

An attacker with five of seven validator keys took $24.15M in USDC from AFX Trade's Arbitrum bridge. AFX offered to let the attacker keep 30% if 70% comes back.

Allbridge Core lost $1.65 million after its swap instruction accepted one pool account in two roles, letting a single address play both sides of a trade.

An attacker who controlled Ostium's price-oracle key traded against fake bitcoin prices and drained the protocol's liquidity vault. The contracts never broke.

An attacker deposited 250 SAUCE tokens, inflated their reported price through a flawed Supra oracle contract, and borrowed $9.05M against them.

An attacker bought 1.01% of BONK supply for about $4.4M, passed a treasury transfer with seven yes votes on 2.9% turnout, and moved roughly $20M.

Fake token pools baited the jaredfromsubway.eth MEV bot into leaving approvals with attacker-controlled contracts, which drained $7.5 million from it.

A deprecated Aztec 2.0 escape-hatch verifier lost about $2.2 million this week, days after the retired Aztec Connect rollup lost $2.19 million. Both contracts have been outside Aztec Labs' control since 2024.