Transit Finance hack drains $1.88M from cross-chain protocol

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 FalconX Brings Tokenized Credit Vaults to Monad Network appeared on BitcoinEthereumNews.com. FalconX has expanded its tokenized structured credit facility to the Monad network, allowing institutional credit vault deposits to be used as collateral in decentralized finance protocols such as Morpho.  Tokenization takes traditional credit facilities and represents them as digital tokens on a blockchain. In this case, the facility packages loans originated through FalconX’s lending business into tokenized credit products accessible through Pareto vaults curated by M11 Credit. RWA.xyz data shows real-world assets issued onchain have grown to more than $31 billion, including Treasurys, credit products and other financial assets. Credit-related assets alone account for more than $5 billion in distributed value across blockchain networks. The FalconX deployment adds support for using AA_FalconXUSDC vault tokens in onchain lending markets, enabling investors to borrow against institutio

The post Blockaid Launches Real-Time Compliance Suite As Institutions Deepen Crypto Exposure appeared on BitcoinEthereumNews.com. Blockchain security firm Blockaid has introduced Risk Exposure, a real-time compliance infrastructure suite built for institutions that now operate inside crypto and decentralized finance but still answer to regulators. The launch extends Blockaid’s platform beyond scam and exploit prevention into what the company calls programmable, real-time compliance for institutional onchain finance, a category it argues has no adequate solution today. The need is real. Banks, asset managers, custodians, and payment processors have moved from occasional crypto experimentation into continuous onchain operations. They hold positions in liquidity pools, run stablecoin settlement across multiple chains, and manage treasury exposure through DeFi protocols around the clock.  A wallet or pool that screens clean at 9 a.m. can carry tainted exposure by noon — without the institu

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

The exploit highlights the persistent vulnerability of DeFi systems, risking investor confidence and potentially stalling sector growth. The post DeFi protocol Transit Finance reportedly hit by $1.8 million exploit appeared first on Crypto Briefing.

Maple, an onchain asset manager overseeing $3.8 billion in assets, has officially announced its integration with the Ethereum layer two ( L2) network Ink. 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 ( […]

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 […]