DeFi protocol Carrot becomes first casualty of $285M Drift exploit
Carrot's total value locked has collapsed 93% in a month, from $28 million to $1.99 million, leaving the protocol financially unable to continue.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Carrot's total value locked has collapsed 93% in a month, from $28 million to $1.99 million, leaving the protocol financially unable to continue.
Why this matters
This maps to the Security Incidents hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.
Original source
Read on CointelegraphRelated market context
SEC clears regulatory hurdle as crypto token buybacks hit record $638 million
Crypto projects spent about $638 million with token buybacks through late August 2026, according to Allium Labs data. That is alre...
Bitget Confirms $387.5 Million Security Breach as Revised On-Chain Accounting Reveals Wider Losses
Bitget raises breach losses to $387.5 million after Zcash and TRON transfers found. Attackers spoofed backend transaction data to...
DeFi protocol Aero set to launch on Oct. 21 across seven chains
Aero's multi-chain launch could significantly enhance DeFi interoperability, potentially expanding market reach and liquidity acro...
Crypto Hacks: Three Projects Hacked in One Day as Losses Hit Over $11M
Three crypto projects were attacked on September 24, suffering combined losses of more than $11M. Attackers drained around $1.8M f...
ARK partners with Securitize to put a venture fund on Ethereum, but leaves exit doors locked
ARK Invest and Securitize announced on Sept. 24 that eligible investors would be able to hold tokenized interests in the ARK Ventu...
EU Banking Regulator Urges Crypto Lending Rules, Floats Leverage Caps and DeFi Certification
The European Banking Authority (EBA) recommended on Sept. 24 that the European Commission consider regulating crypto borrowing and...