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View More NewsHedera-based lending protocol Bonzo Lend lost about $9 million after an attacker manipulated the price of SAUCE used as collateral, allowing the account to borrow assets far beyond the value deposited.In a preliminary incident report published Saturday, Bonzo said the attacker deposited 250 SAUCE, worth only a few dollars, before submitting a price update that inflated the token’s value by roughly 12 orders of magnitude. The wallet then borrowed 6.63 million USDC and 34.5 million wrapped HBAR from the lending pool.The case illustrates how oracle failures can turn low-value collateral into a tool for draining large amounts of liquidity from…
Six weeks ago, New York City Mayor Zohran Mamdani announced the creation of COGE, the Commission on Government Efficiency. While the commission’s name might sound like Elon Musk’s now-dead federal DOGE and conjure up an image of a chainsaw-slashing, afuera-style attack on the city’s $125.8 billion budget, the commission has thus far been a typical governmental task force. Before proposing changes to the city’s charter, COGE is holding a series of 11 meetings to gather input from elected officials and the public about improving government efficiency. On Wednesday evening, I went to the penultimate COGE meeting in the auditorium of…
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A review of Love and Terror: The Helter-Skelter History of the Manson Murders by Claudia Verhoeven; 384 pages; Verso (May 2026)Although the True Crime genre of publishing and documentary television is replete with accounts of murderous spouses, serial killers, Mafia wars, and financial scams, rarely do the subjects transcend the headline immediacy of police procedurals to deliver the long-term import of critical analysis. The Victorian predator Jack the Ripper and the Depression-era exploits of Bonnie and Clyde are two such exceptions; a third is the countercultural carnage wrought by the Manson family. As such, Claudia Verhoeven’s new book Love and Terror: The Helter-Skelter History…
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Hyundai, the world’s third-largest carmaker by vehicle sales, moved a stablecoin-based, cross-border, internal remittance system into production readiness on the Avalanche blockchain, becoming the…
Crypto exchange Backpack has launched 24/7 trading for select tokenized US equities, allowing international investors to trade stocks including SpaceX, Micron and SanDisk around…
from the the-anxious-generation-are-the-boomers dept It’s no secret that I’m a fan of developmental psychologist Candice Odgers. I’ve mentioned her and her work on the…
The CBDC limit expires at the end of 2030, though there was little chance that a Fed digital currency would have been executed by…
Two years ago, the Netflix film Rebel Ridge turned a common law enforcement tactic into a cinematic study of injustice. In fictionalized form, the…
The crypto market is teetering on the brink of a major breakdown in price after suffering one of its worst weeks since July 2024.Bitcoin…
In brief Zcash dropped double digits overnight after the disclosure of a four-year-old vulnerability in its Orchard shielded pool. The bug, discovered by an…
The signing of the Declaration of Independence is often seen as a victory, a vindication of a free people’s “self-evident” rights in the face…
America’s biggest banks, including JPMorgan, Citi and Bank of America, plan to build a shared, tokenized deposit network by the first half of 2027…
The price of ZEC fell on Thursday after further details were disclosed of a critical counterfeiting vulnerability in Zcash’s Orchard pool that could theoretically…
Jefferson County, Alabama, Probate Judge Yashiba Blanchard has been suspended after a 120-page complaint accused her of serious misconduct and running her court unprofessionally. The…
Bitcoin slid to $62,715 in Asian hours on Friday, down 1.9% on the day and 14.5% on the week, as the artificial-intelligence trade that…