DeFi protocol Transit Finance reportedly hit by $1.8 million exploit

The post Chainlink active addresses reach 8-month high as DeFi protocols migrate $700M in assets appeared on BitcoinEthereumNews.com. Chainlink just recorded its busiest stretch in eight months, driven by a sharp rise in on-chain activity following major infrastructure migrations into its cross-chain ecosystem. On May 9, the network recorded 282,170 unique active LINK addresses, followed by 264,090 on May 10, the highest level since September 2025, according to Santiment data. 🔗 ChainLink just recorded its two highest address activity days in 8 months. On May 9th, 282,170 unique LINK addresses were active on the network, followed by 264,090 on May 10th. The network hasn’t seen these levels since September, 2025. When a metric like this erupts this… pic.twitter.com/qgQiiDI7EY — Santiment Intelligence (@SantimentData) May 11, 2026 The spike came shortly after Solv Protocol announced plans to migrate more than $700 million in tokenized Bitcoin assets, including SolvBTC and xSolvBTC, from

The post What happened in crypto today: $101K DeFi hack, MARA’s $1.3B loss, and more appeared on BitcoinEthereumNews.com. Ethereum developers have launched an initiative to fix a structural flaw that has caused billions in user losses, including the Bybit hack. Outdated DeFi infrastructure can remain vulnerable even after migrating to new architectures, as seen in the Huma Finance exploit. Notably, Bitcoin [BTC] mining firm MARA posted hefty losses in Q1 2026, with most of that attributable to the crypto downturn. Here’s a closer look at what happened in crypto today. An open standard designed to end blind signing Recently, Ethereum advocates put forth a “clear signing” initiative that will eliminate the “low-level, machine-readable formats” of transaction approval that are accurate but need technical expertise to parse. Instead, they seek to move towards clear, human-readable, and structured descriptions of what a transaction will do. Wallets can consistently present this information

The post Ink Ecosystem Gains Institutional Liquidity via New Maple Finance Partnership – Bitcoin News appeared on BitcoinEthereumNews.com. Key Takeaways Maple integrated with Ink on May 13, 2026, to expand institutional yield products to layer two ( L2) users. The launch scales DeFi by giving 10 million Ink users access to Maple’s $3.8 billion AUM ecosystem. Users can soon access syrupUSDT on the Tydro protocol as Maple eyes further onchain fintech expansion. Onchain Yield Expansion: Maple Deploys syrupUSDT on OP Stack-Based Ink The move is designed to broaden access to the firm’s dollar-yield product, known as syrupUSDT, throughout the Ink decentralized finance ( DeFi) ecosystem, according to the announcement shared with Bitcoin.com News. This strategic deployment aims to provide institutional-grade yield to a global user base that includes more than 10 million retail and professional participants. By establishing syrupUSDT as a core asset on the network, Maple is seeking to bridge th

The post Transit Finance hack drains $1.88M from cross-chain protocol appeared on BitcoinEthereumNews.com. Latest exploit marks another setback for decentralized finance infrastructure, notably cross-chain systems that have remained a prime target for hackers. Summary Transit Finance lost about $1.88 million in a fresh exploit flagged by blockchain security firm PeckShield. The attack adds to mounting pressure on DeFi protocols and cross-chain aggregators after more than $1 billion in crypto hacks this year. No recovery roadmap or technical post-mortem has been released by Transit Finance as of publication. Transit Finance, a decentralized cross-chain aggregation protocol, suffered an exploit that drained roughly $1.88 million from the platform on May 13, according to blockchain security monitor PeckShield. The breach was first reported by ChainCatcher, citing PeckShield monitoring data. Transit Finance had not issued a detailed public explanation or recovery plan at the time of public

Latest exploit marks another setback for decentralized finance infrastructure, notably cross-chain systems that have remained a prime target for hackers. Transit Finance, a decentralized cross-chain aggregation protocol, suffered an exploit that drained roughly $1.88 million from the platform on May…

The post Ether Withdrawals to Resume Following KelpDAO and Aave’s Coordinated Token Burn appeared on BitcoinEthereumNews.com. Key Takeaways The rsETH attacker’s Arbitrum tokens were burned today, following liquidation of 8 Aave V3 positions on May 6. Aave co-founder Stani Kulechov confirmed ETH withdrawals will normalize within 24 hours of the Arbitrum burn step. Recovery is partially complicated by a U.S. court’s prior freeze on $71M in ETH, claimed to be linked to North Korea’s Lazarus Group. MORE THAN AN EXPLOIT The rsETH bridge lockbox on Arbitrum is being refilled, and ether withdrawals for users affected by the KelpDAO exploit are expected to start within 24 hours, marking the final phase of one of decentralized finance ( DeFi)’s most complex coordinated recoveries. Aave co-founder Stani Kulechov confirmed the development directly, noting the past several weeks, including weekends, had been “incredibly intense.” Image source: X The attack began on April 18, when an unknown attack

Ether withdrawals are expected to resume within 24 hours for KelpDAO users after a coordinated burn of the attacker’s rsETH tokens on Arbitrum successfully neutralized the exploit’s impact. MORE THAN AN EXPLOIT The rsETH bridge lockbox on Arbitrum is being refilled, and ether withdrawals for users affected by the KelpDAO exploit are expected to start […]

Chainlink's growth amid DeFi security concerns highlights its potential as a dominant cross-chain solution, but market volatility remains a risk. The post Chainlink active addresses reach 8-month high as DeFi protocols migrate $700M in assets appeared first on Crypto Briefing.