Latest Articles
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Frozen in Crossfire: USDC and DeFi's Censorship Vector
A court-ordered freeze of $12.6M in cUSDC inside a Zama contract exposes how stablecoin blacklists propagate through DeFi composability into innocent protocols.
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From Custody to Collateral: Tokenized Treasuries in DeFi
How VBILL, BUIDL, and peers are being wired into Euler, Morpho, and Aave — and what happens when on-chain liquidation outruns real-world settlement.
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Unbacked and Unguarded: The StablR Multisig Exploit
A forensic post-mortem of the StablR EURR/USDR depeg, the multisig misconfiguration behind 13.5M in unbacked mints, and what it reveals about stablecoin custody.
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Tokenizing the Stock Market: Rails and Endgame
A structural look at how equities are being put on-chain — the settlement rails, custodian models, and why tokenized stocks behave differently from tokenized debt.