Summer.fi hacker launders $1M through Tornado Cash after $6M exploit

The integration of deSPXA into DeFi lending highlights the evolving landscape of tokenized assets, posing new risks and opportunities for investors. The post Centrifuge enables deSPXA holders to borrow against S&P 500 exposure on Morpho appeared first on Crypto Briefing.

The post Gauntlet Raises $125M Series C From SBI Holdings appeared on BitcoinEthereumNews.com. SBI Holdings was the sole investor in the round, which Gauntlet says will fund expansion into stablecoins, tokenization and traditional capital markets infrastructure. Gauntlet, a DeFi risk management and vault curation firm with $1.42 billion in assets under advisement, closed a $125 million Series C funding round with SBI Holdings, the Japanese financial conglomerate, as the sole investor, Gauntlet said on X Thursday. The firm, founded by chief executive Tarun Chitra, said the capital will fund “building our infrastructure across traditional capital markets, expanding stablecoin coverage, and accelerating new onchain offerings.” Gauntlet said it aims to provide “quantitative guardrails” as institutions move capital onchain. Gauntlet was last valued at $1 billion in 2022, when it raised roughly $24 million in a Series B round. Gauntlet did not disclose a post-money valuation for the Series C

SBI Holdings was the sole investor in the round, which Gauntlet says will fund expansion into stablecoins, tokenization and traditional capital markets infrastructure.

The post Aave V4 Gas Optimization Push Shows DeFi Is Still Fighting Its Cost Problem appeared on BitcoinEthereumNews.com. Aave V4 Gas Optimization Push Shows DeFi Is Still Fighting Its Cost Problem Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk. Related News © 2025 NewsBTC. All Rights Reserved. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://www.newsbtc.com/news/aave-v4-gas-optimization-push-shows-defi-is-still-fighting-its-cost-problem/

The post Summer.fi Hacker Moves $1.35M Into Tornado Cash appeared on BitcoinEthereumNews.com. Summer.fi’s own post-mortem confirms the attacker began laundering the $6M haul through the mixer, calling it a sign of “limited intent to return the funds voluntarily.” The attacker behind the $6 million Summer.fi exploit has begun laundering the stolen funds, moving roughly $1.35 million in DAI through Tornado Cash, the sanctioned crypto mixer, according to Summer.fi’s own post-mortem of the July 6 attack. Summer.fi, the front-end for the Lazy Summer Protocol, said the attacker “swapped a portion of the proceeds and routed them through Tornado Cash… via an intermediary wallet (0x46e0…eBa7),” adding that the move “signals limited intent to return the funds voluntarily.” Laundering Trail Onchain Lens via Odaily, reported the exploiter’s wallet received 6.017 million DAI from the attack and has since moved 1.35 million DAI, swapping it for ETH on Uniswap before sending it through the same inter

The post Robinhood launched a Wall Street layer 2 chain and the market crowned a $150M cat coin first appeared on BitcoinEthereumNews.com. Robinhood launched the public mainnet of Robinhood Chain this month, describing it as a permissionless Layer 2 built on Arbitrum for tokenized stocks, real-world assets, DeFi lending, and AI-native finance. One week in, the chain’s loudest retail activity is driven by CASHCAT, a memecoin built on Robinhood’s own discarded “CashCat” name. The token reached nearly $150 million in market cap and over $159 million in 24-hour volume. CASHCAT gained liquidity, price charts, and social attention through Uniswap V3 pools and third-party launch and routing infrastructure, including Noxa.fun and Pump.fun, rather than through Robinhood’s own app-listing process. An explainer graphic outlines six steps showing how CASHCAT gained liquidity, price charts, and trading volume on Robinhood Chain without a formal listing. Behind an unapproved listing Robinhood built

Summer.fi's own post-mortem confirms the attacker began laundering the $6M haul through the mixer, calling it a sign of "limited intent to return the funds voluntarily."

The post Zapper to Shut Down Aug. 3 After Nearly Seven Years appeared on BitcoinEthereumNews.com. The DeFi portfolio tracker once handled $13 billion in transaction volume and 2 million monthly users before deciding an orderly wind-down was its best option. Zapper, the DeFi portfolio tracker and dashboard, will shut down entirely on August 3rd, co-founder and CEO Seb Audet said in a post on X Wednesday. The company’s website, mobile apps and API services will all go offline. Audet said the team “evaluated a number of different options, pursued some to the fullest extent possible,” before concluding that an orderly wind down is the best course of action. Existing API users will receive transition guidance by email, he said. Seven-Year Run Zapper launched in 2019 as a simple portfolio tracker Audet built for himself while exploring early DeFi, before scaling into a broader dashboard for tracking liquidity pools, yield farms and claimable rewards. At its peak, the platform served more tha