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Digital Currencies
Post-Mortem of 2026’s Biggest Crypto Exploit: Attributed, Not Recovered
The attacker has been attributed. The money may never come back. LayerZero says North Korea's Lazarus Group, the same actors behind the $285M Drift exploit three weeks earlier. KelpDAO and LayerZero now blame each other for the configuration. The bigger truth: you can't sanction a smart contract or extradite a wallet.
Digital Currencies
2026’s biggest crypto exploit. $13B wiped out.
One transaction. Forty-six minutes. $292M gone. The ensuing panic wiped $13B in the next 48 hours. DeFi has yet to demonstrate the control maturity of a regulated institution. The solution is not complicated. What is missing is the will to prioritise cybersecurity and governance over speed to market.