The $116 million Balancer exploit appears to have been months in the making, with the attacker utilizing Tornado Cash and advanced methods to evade detection.

The FTX Recovery Trust dropped a motion to limit payouts to creditors in countries including China, which holds about $380 million in claims.

Bitcoin gave up $104,000 for the first time in weeks, while traders warned of a return to sub-$100,000 levels and new buyers amassed unrealized losses.

Stablecoin settlement times vary wildly depending on their blockchain. Purpose-built payment chains must remain open, or they will repeat TradFi fragmentation.

Stream Finance is investigating a $93 million loss and has paused deposits and withdrawals, which has caused its stablecoin to depeg to $0.50.