Latest Articles
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The Everclear Collapse: A Post-Mortem
Everclear processed roughly $500M monthly in cross-chain volume before winding down. We examine why intent-based clearing failed to become a business.
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Single Point of Failure: The LayerZero-Kelp Exploit
A post-mortem of the $292M Kelp exploit, the single-verifier configuration behind it, and what "default security" means for omnichain messaging.
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From $625M Hack to OP Stack: Ronin's Four-Year Arc
Tracing Ronin's path from the Lazarus Group's validator key compromise to an OP Stack L2 migration, and whether the new design addresses the original failure modes.
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LayerZero's Single-Verifier Failure and the Kelp DAO Exploit
A post-mortem of the Kelp DAO cross-chain exploit, what LayerZero's single-verifier configuration revealed, and what a defensible DVN architecture should look like.