#security
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-ciNy4EOk.png "Thodex crypto exchange CEO found dead in Turkish prison")
Hypervault vanishes as $3.6M funnels to Tornado Cash – PeckShield
Blockchain security firm PeckShield says roughly $3.6 million was drained from DeFi protocol Hypervault and routed through Tornado Cash after being bridged from Hyperliquid to Ethereum and swapped into ETH. Soon after the alert, Hypervault’s website and X account went dark, intensifying concerns of an exit scam. Buterin backs Base as ‘right way’ L2 amid sequencer debate
Ethereum co-founder Vitalik Buterin pushed back on claims that Base’s centralized sequencer makes it akin to an exchange, calling the Coinbase L2 an extension of Ethereum that uses some centralized features for UX while relying on Ethereum’s decentralized base layer for security. He said Base is non‑custodial and pointed readers to L2BEAT’s standards and prior field tests. 
Chainalysis CEO warns DeFi sector faces major security risks
Chainalysis CEO Jonathan Levin warned about rising security risks in decentralized finance (DeFi). In an interview with the Financial Times, Levin said DeFi platforms are increasingly exposed to cyberattacks as rapid growth outpaces basic security practices. 
Immunefi and Ripple launch $200K Attackathon for XRP stress-test
Immunefi and Ripple are opening the proposed XRP Ledger Lending Protocol to security researchers worldwide through an Attackathon launching October 13. The initiative offers $200,000 in rewards for identifying vulnerabilities before the protocol goes live later this year. China defends rare-earth curbs amid 100% tariff threat
China's Ministry of Commerce rejected U.S. President Donald Trump's threat to impose 100% tariffs on Chinese imports starting November 1. In a statement issued Sunday, October 12, the ministry defended its new export controls on rare-earth materials as lawful security measures, not blanket bans. 
Crypto hacks in August drain $163M as exploits surge 15%
Crypto hacks surged again in August, with attackers stealing $163M across 30 incidents. While centralized services bore the brunt, DeFi platforms also lost funds. The Lazarus Group was linked to several exploits, underscoring rising risks for Web3 security. 
