Hackers steal $280mn from decentralised finance crypto exchange Drift
Loss equates to about half of total US dollar value on deposit with platform popular for trading perpetual derivatives
Loss equates to about half of total US dollar value on deposit with platform popular for trading perpetual derivatives

DeFi was once touted as the future of finance but traders have grown concerned over the security of these projects

‘Digital asset treasury’ craze sours amid $1tn rout in cryptocurrency market

Head of world’s biggest crypto tracing company says security ‘hasn’t really been considered’ by start-ups

‘Swap’ trades by hedge funds have exploded recently

Dealmaking has been driven by Trump administration’s crypto-friendly policymaking

So-called cold storage wallets allow digital currency holders an alternative to holding their tokens directly on an exchange