RT Defi Security Summit (@summit_defi)DeFi moves fast, but compliance moves slow.@dreamerdh, CIO at @1inch, will speak at DSS about 1inch’s journey through ISO27001 and SOC2 certification, sharing how the team balanced startup agility with enterprise-grade security and built a culture of disciplined innovation. https://t.co/hbqm2laG2m ...

Core Insights - The digital currency market is experiencing a significant crisis as the DeFi platform ARK, known as the "crypto bank," initiates a fund withdrawal process, leading to its potential self-destruction [1] Group 1: Fund Withdrawal Process - The withdrawal operation was executed in three key phases: unlocking smart contract backdoor at 3 AM UTC, transferring $32 million in stablecoins to Tornado Cash at 5:23 AM, and moving the remaining $58 million in crypto assets to an anonymous address on Avalanche at 8:47 AM [2] - All transactions bypassed conventional on-chain confirmation processes, indicating a "separation of accounting" feature, as transaction hashes were not found in the project's audit logs [2] Group 2: Technical Evidence of Fraud - The platform's technical collapse exhibits textbook fraud characteristics, with the latest app version containing a self-destruct module that erases local wallet data and transaction history [4] - The project’s node servers are executing a "double destruction" program, deleting all database files and simultaneously demagnetizing hard drives, with physical destruction of servers already underway in Singapore [4] Group 3: Investor Traps - While most investors were unaware, the platform displayed a deceptive "flashback" state, reopening deposit channels with enticing "10x rewards" while marking all withdrawal requests for "manual review" [5] - Users discovered discrepancies between displayed account balances and actual on-chain data, revealing that their wallets had been emptied, a phenomenon termed "interface balance illusion" [5] Group 4: Regulatory Response - In response to the unfolding situation, multiple financial regulatory bodies have activated emergency plans, with the Monetary Authority of Singapore issuing a red alert to halt trading of ARK-related assets [7] - The SEC in the U.S. convened an emergency meeting to consider listing the project on the "international financial fraud list," while Chainalysis is tracking the funds, which have reportedly been laundered through multiple layers before reaching offshore accounts [7] - This meticulously planned exit scam is becoming one of the worst cases in crypto history, severely undermining industry trust and leading to the disappearance of the founding team [7]

Polygon, the layer 2 powerhouse, is revolutionizing the blockchain world. Offering lightning fast, lowcost transactions, Polygon has become a go-to for DeFi, NFTts, and web 3 developers. With its recent rebranding to Paul, Polygon is poised for big things, providing scalability, security, and interoperability.Major companies like Starbucks and Reddit are joining the Polygon ecosystem, signaling a blockchain revolution led by this layer. ...

RT BSCN (@BSCNews)📣 NEW PROJECT ADDED: PANCAKESWAP $CAKE@PancakeSwap, the leading DeFi platform for @BNBChain and beyond, has been added to our directory of crypto's most impactful platforms... https://t.co/CT16w8FpZl ...

RT BSCN (@BSCNews)📣 NEW PROJECT ADDED: PANCAKESWAP $CAKE@PancakeSwap, the leading DeFi platform for @BNBChain and beyond, has been added to our directory of crypto's most impactful platforms... https://t.co/CT16w8FpZl ...

📣 NEW PROJECT ADDED: PANCAKESWAP $CAKE@PancakeSwap, the leading DeFi platform for @BNBChain and beyond, has been added to our directory of crypto's most impactful platforms... https://t.co/CT16w8FpZl ...

🚨JUST IN: DEFI DEVELOPMENT CORP PARTNERS WITH SUPERTEAM JAPAN TO LAUNCH JAPAN’S FIRST SOLANA-FOCUSED TREASURY PROJECT ...

DeFi Project Rankings - Top 10 DeFi projects ranked by development activity are listed [1] - Ranking positions are indicated relative to the previous month [1] Top Projects - Chainlink ($LINK) is ranked first [1] - Deepbook on Sui ($DEEP) is ranked second [1] - DeFiChain ($DFI) is ranked third [1] - Other projects in the top 10 include Fox, Lido Finance ($LDO), Babylon Labs ($BABY), Injective ($INJ), Centrifuge ($CFG), dYdX ($DYDX), and Curve Finance ($CRV) [1] Methodology - Santiment's methodology for assessing development activity across over 4,000 projects is available [1]

Uniswap, Aave lead DeFi fee rebound to $600 million as protocols embrace buybacks and fundamentals https://t.co/Dt0tNiA5Cp ...

🚨JUST IN: @KAMINO LAUNCHES @SOLANA’S LARGEST DEFI BUG BOUNTY WORTH UP TO $1.5M IN PARTNERSHIP WITH @IMMUNEFI ...