An attacker exploited a publicly accessible vault function in Crypto DAO on July 28, draining $8.2 million in USDT from the protocol. Security firm Blockaid flagged the exploit involving the access-control bug.
Attackers exploited TOP token's governance system by gaining over 50% voting power with minimal token supply, using Aragon DAO to create, vote on, and execute a malicious proposal in a single transaction that minted tokens worth $1.58 million.
The Cardano Foundation announced a three-year partnership with the Brazilian Olympic Committee to modernize sports administration using blockchain technology, while separately the network's 2026 Summit in Singapore was canceled after treasury governance failed to approve funding.
The Ethereum Foundation sold 10,000 ETH to Bitmine Immersion Technologies via OTC at $2,387/ETH (~$23.87M) on April 24, 2026, to fund operations. The sale, the second to Bitmine in two months, drew community criticism over the Foundation's silence on broader DeFi recovery efforts.
RaveDAO's RAVE token crashed from $27.33 to $1.15 on April 19, wiping out over $5 billion in market cap after surging 4,500%. Binance and Bitget opened investigations into suspected pump-and-dump activity, while blockchain investigator ZachXBT offered a $25,000 whistleblower bounty.
Trump-backed World Liberty Financial has proposed burning up to 4.52 billion tokens (10% of insider allocation) and implementing 2-5 year vesting schedules for 62.3 billion locked tokens. The proposal has drawn harsh criticism from major investor Justin Sun, who called it an 'absurd governance scam.'
Covenant AI, a leading subnet operator, publicly exited Bittensor citing 'decentralization theatre' and alleging punitive actions from co-founder Jacob Steeves. The TAO token fell 18% following the announcement, with Steeves denying the allegations.
Galaxy shareholders holding tokenized GLXY shares will be able to participate in proxy voting on-chain in May through a partnership with Broadridge. This represents the first implementation of on-chain corporate governance for tokenized securities.
Chaos Labs, a key risk management provider for Aave, announced its departure from the DeFi protocol following disputes over governance and the upcoming V4 upgrade. The exit follows recent departures of other major contributors including BGD Labs and ACI.
Alabama Governor signed legislation on April 2, 2026, creating a legal framework for decentralized nonprofit associations (DUNAs), making Alabama the second US state after Wyoming to grant legal personality to DAO-like entities. The law provides liability protection for members and enables internet-native organizations to operate with legal recognition.
Aave deployed its V4 upgrade on Ethereum mainnet after a governance vote, introducing a hub-and-spoke architecture designed to concentrate liquidity and expand DeFi into real-world credit markets. The upgrade includes Aave Pro for advanced users and integrates Chainlink oracles.
DeFi protocol Balancer Labs is winding down its corporate operations following a $128 million exploit on November 3, 2025, which made the company a liability due to mounting legal exposure. The protocol is pivoting to a DAO-first governance structure.
