Tag: l2

A single oracle-pricing bug let an attacker drain more than $626 million from Cetus, the biggest DEX on Sui, in minutes. Our deep-dive reconstructs the on-chain transactions, traces the laundering trail, and explains why oracle security, not smart-contract code, proved to be DeFi’s weakest link on 22 May 2025.

The GENIUS Act passes the US Senate’s cloture test 66-32 on 20 May, catapulting America toward its first purpose-built stable-coin statute. By splitting crypto dollars from securities law while hard-wiring dollar-backed reserves, the bill promises fresh Treasury demand, fresh political fault-lines and, perhaps, the dollar’s most radical redesign since Bretton Woods.

Starting 1 January 2026, crypto service providers in the UK will be required to report customer transaction data under new HMRC rules aligned with the OECD’s Crypto-Asset Reporting Framework (CARF).