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In brief Flash loan attacks caused $1.211 billion in losses across 72 incidents between February 2020 and July 2024, according to a study in the Journal of Financial Crime. That was 18.44% of the $6.568 billion lost to all DeFi attacks in the period, with more than 80% of flash loan losses on Ethereum. Attacks exploiting flaws in protocol logic were rarer but costlier, and grew in significance as platforms patched exploited weaknesses and attackers moved on. Flash loan attacks drained $1.211 billion from decentralized finance platforms between February 2020 and July 2024, according to newly published research in the…

In brief OKX has raised fresh capital at a $25 billion valuation, unchanged from its March round. Circle, Ripple, Standard Chartered’s SC Ventures and hedge fund Qube Research & Technologies took part. The exchange’s joint venture with ICE is seeking approval to offer tokenized stock in 63 U.S. companies. Crypto exchange OKX has raised new funding at a $25 billion valuation from a group that spans a stablecoin issuer, a British bank and a London quantitative hedge fund, Bloomberg reported.Circle Internet Group, Ripple and Standard Chartered’s investment arm SC Ventures all took part, alongside Qube Research & Technologies, which is…

At ETHU’s Oct. 6 disclosed futures valuation, a 3x Ethereum ETF with $362.1 million in assets would target about $1.09 billion of exposure. If held entirely in standard CME Ether futures, that would equal 8,000 contracts, CME’s single-month and all-month accountability level.The SEC approved Cboe BZX’s rule change to list Volatility Shares’ proposed ETHK on Oct. 2; ETHK’s first trading date is pending. The sponsor’s live fund shows that Volatility Shares’ existing ETHU held 19,204 October CME Ether futures contracts worth $2.61 billion as of Oct. 6, against $1.31 billion of net assets as of Oct. 5.Those holdings imply $135,800…

In brief Adam Iza, 26, was sentenced to 78 months and ordered to pay $23.4 million in restitution. Five former Los Angeles County Sheriff’s Department deputies have been convicted over work they did for him. The term runs concurrent to the 15-year sentence he received last month over an attempted Bitcoin robbery. Adam Iza, the 26-year-old who styled himself “The Godfather” and is already serving 15 years over an attempted Bitcoin robbery, has been sentenced to a further 78 months for hiring off-duty Los Angeles sheriff’s deputies to harass people he was in dispute with, stealing more than $37 million…

In brief Investigators say Carli Michelle Heller wrote on Sept. 26 that she would “shoot up” the Lee County Sheriff’s Office, and said the next day that she had a new gun. According to the arrest report, Anthropic’s safety systems flagged the entries and a human review team reported them to law enforcement. Anthropic’s consumer terms reserve the right, at its sole discretion, to report a user’s inputs to law enforcement. A Florida woman said she uses AI like a diary. Now she’s facing a felony charge, and the reader who sent her there was someone she never meant to…

In brief DeFi Development Corp. added about 26,203 SOL between Sept. 28 and Oct. 2, lifting holdings to 2,564,212 SOL and SOL equivalents, per an 8-K filed Oct. 5. The gain is roughly half the 47,706 added the prior week and about a quarter of the 101,381 added the week ending Sept. 18. The company says its treasury is up 11% since Aug. 12 and values it at $302 million, and it paid the first 13% dividend on its CHAD preferred stock on Oct. 1. DeFi Development Corp., a Financial services and asset management company known in the crypto ecosystem…

In brief The Solana Foundation launched Solana DvP, an open-source escrow program giving financial institutions a standardized API for delivery-versus-payment settlement, released under the MIT license with input from J.P. Morgan. The tool compresses the multi-day clearinghouse-and-custodian process into a single atomic transaction where both the asset and payment settle together or neither does. It builds on Solana’s growing institutional pull in tokenized assets. The Solana Foundation is making a direct play for institutional finance, launching an open-source program designed to let banks settle trades on the network with the certainty they expect from traditional markets.Announced Monday, the tool, called…