Aztec’s $4.1M Loss Shows the Hidden Risk of Abandoned DeFi Code
Two separate exploits drained roughly $4.1 million from retired Aztec products that had been shut down years earlier. The attacks reveal how dormant smart contracts can remain vulnerable long after a protocol has been abandoned, creating ongoing risks for users who leave funds behind.
Circle Raises $222M for Arc Blockchain in Major Institutional Presale
Circle raised $222 million through a token presale for Arc, its public Layer-1 blockchain focused on stablecoin payments and tokenized finance. Andreessen Horowitz led the raise as Circle expanded beyond USDC issuance into blockchain infrastructure.
Robinhood Chain Enters the Layer-2 Race With 4M Testnet Transactions
Robinhood Chain recorded approximately 4 million transactions during its first week of public testing. Built as an Arbitrum-based Layer 2, the network signals the fintech brokerage’s move into blockchain infrastructure and tokenized finance.
Deutsche Bank Expands Blockchain Strategy With Ripple Partnership, Alongside SWIFT
Deutsche Bank’s reported Ripple partnership highlights a hybrid blockchain payments strategy alongside SWIFT, without confirmed XRP deployment.
Dubai Insurance Launches UAE’s First Crypto Wallet for Insurance Premiums and Claims
Dubai Insurance has introduced the UAE’s first crypto-enabled insurance wallet, enabling premium payments and claims settlement using digital assets within a regulated insurance framework.
