OpenZeppelin Co-founder: "All DeFi is insecure," has advised friends and family to withdraw funds
May 27: Manuel Aráoz, co-founder of crypto security firm OpenZeppelin, posted on social media that he now believes the entire DeFi sector is insecure. He has begun advising friends and family to exit all their DeFi positions—even supposedly low-risk positions in blue-chip protocols like Aave, MakerDAO, and Compound.
Aráoz pointed out the asymmetric dynamic between attackers and defenders in security incidents: “Auditors are far better at finding vulnerabilities, but smart contract security is too lopsided. Defenders have to fix every single bug, while attackers only need to find one to steal funds.”
His comments reflect heightened market concern over DeFi security after a string of major incidents in recent months. Data shows April saw nearly $630 million hacked from DeFi protocols, making it the worst month since the $1.5 billion Bybit hack in February 2025. April’s exploits, including Drift’s $285 million loss and Kelp DAO’s $293 million loss, are widely tied to North Korean govern
1 seconds ago
OKX will list perpetual swaps for IBM, NOK, and BE stocks
May 27: Per official announcements, OKX will launch stock perpetual swaps for IBM, NOK, and BE today, with opening times at 6:30 PM, 6:45 PM, and 7:00 PM respectively.
1 seconds ago
Fed's Kashkari: Fed Must Focus on Inflation Risks, Too Early to Predict Next Move
May 27 — Minneapolis Federal Reserve President Neel Kashkari on Tuesday said the Fed must prioritize curbing surging inflation risks, but he’s not even close to predicting when the central bank will adjust interest rates. Kashkari also flagged that the “inflation shockwave” stemming from the Middle East conflict could linger, with those concerns now starting to show up in the bond market. When weighing the Middle East’s fallout on the U.S. economy, he noted inflation risks currently carry more weight than the chance of a weakening labor market — though he emphasized the Fed needs to watch both closely.
Kashkari previously backed the Fed’s decision to hold rates steady in April, but was among officials who pushed back against the central bank’s dovish forward guidance. He argued the Fed should adopt “neutral guidance,” meaning future rate moves will hinge on upcoming economic data. “Since that dissent — several weeks ago now — I think most data points to inflation risks rising, not f
1 seconds ago
South Korea's cryptocurrency trading volume has shrunk to one-tenth of the KOSPI stock index.
May 27 – Domestic cryptocurrency trading volume in South Korea has dropped to roughly one-tenth that of the Korea Composite Stock Price Index (KOSPI), according to South Korean outlet Digital Asset. The gap has widened sharply, driven primarily by a cryptocurrency market crash in October 2025 and the KOSPI’s ongoing string of record highs.
Digital Asset analyzed trading activity across South Korea’s five major won-based crypto exchanges (Upbit, Bithumb, Coinone, Korbit, Gopax) and the KOSPI. As of May 26, the local won-denominated crypto market accounted for just 8% of KOSPI volume—down from a peak of 323% in December 2024. That 2024 crypto surge followed Donald Trump’s U.S. presidential election win and his pledge to make the U.S. the “digital asset capital,” pushing crypto trading to eclipse stock market volume.
The crypto market’s slump began in the second half of 2025. By August that year, the ratio was nearly even at 99%. But October brought a sharp crypto crash tied to larg
1 seconds ago
Tom Lee: Tech Giants' Bear Market Over, But Other Sectors May Face "Rolling Bear Market"
May 27 — Fundstrat Head of Research Tom Lee warns that while the “Big Tech Seven” have bounced back from their recent slump, overall market risks haven’t fully dissipated, and other sectors may gradually slide into a “rolling bear market” later in 2026.
Lee points to strong, sustained AI demand as a key factor that will keep major stock indexes resilient through the end of the year, though he notes internal market divergences will grow increasingly sharp. In an interview with CNBC, he emphasized, “The bear market for the Big Tech Seven and software sector is already over,” stressing that this rebound doesn’t reflect the broader market’s overall health.
He identifies three major potential disruptive headwinds: midterm election cycle volatility, sell-off pressure tied to expiring tech company IPO lock-up periods, and tight energy supplies. Of these risks, he flags energy as the most immediate, cautioning that “a reckoning moment is approaching — a shortage of oil product inventories th
1 seconds ago
A certain trader bought 7,000 Ethereum and deposited it into Aave
On May 27, per monitoring from LookOnChain, a trader bought 7,000 Ethereum in one hour for approximately $14.52 million, then deposited the funds into Aave. Prior to this move, the same trader had netted a total of $2.04 million in profits from two successful Ethereum scalping trades.
1 seconds ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
