Blog
Security
Scams, failure modes, and how to not be the cautionary tale.
Term Finance lost $8.5m to its own governance process
No key was stolen and no contract was broken. An attacker passed a proposal and the protocol did what it was told — about 2,843 ETH and 1.68m USDC, roughly $8.5m.
When the bridge stops: The Sandbox halt and BounceBit winding down its chain
Two chains lost their exits in the same week: The Sandbox paused bridging after an alleged unauthorised mint, BounceBit began winding down its network after a $3m exploit. Bridges are single points of failure, and there is a second route.
How to vet an exchanger before you send anything
Seven checks that take four minutes and filter out almost every service that will lose your money.