Tag: protocols
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Microsoft’s Majorana 2 Chip Accelerates Quantum Computing Threat to Bitcoin’s Encryption Protocols
The rapid advancement of quantum computing, exemplified by Microsoft’s unveiling of its next-generation topological quantum chip, Majorana 2, is significantly shortening the projected timeline for "Q-day," the anticipated moment when quantum computers could break the encryption safeguarding digital assets like Bitcoin. This development, fueled by breakthroughs in artificial intelligence, has ignited renewed concerns within the…
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The KelpDAO Bridge Exploit and the Vulnerability of Off-Chain Verification Layers in Cross-Chain Protocols
The decentralized finance (DeFi) ecosystem recently witnessed one of the most sophisticated and high-value exploits in its history, not through a traditional smart contract vulnerability, but through a coordinated attack on the off-chain verification infrastructure. On April 18, 2024, an attacker successfully drained approximately 116,500 rsETH—valued at roughly $292 million—from KelpDAO’s LayerZero-based bridge contract on…
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A vulnerability in one of the core DeFi protocols on Sui Network exposes the ecosystem to renewed scrutiny.
The Sui Network, a high-performance Layer 1 blockchain, is once again under the spotlight following a significant security incident involving DeepBook Protocol, one of its foundational decentralized finance (DeFi) primitives. In the early hours of May 9, 2026, at approximately 3:18 AM UTC, a critical vulnerability within DeepBook’s USDC margin pool led to an undercollateralization…
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