History
Market crashes, protocol failures, regulatory shocks, and recurring patterns across crypto cycles.
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Seven Days Unnoticed: The Secret Network Bridge Drain
A post-mortem of the ~$4.67M infinite-mint exploit on Secret Network's Axelar bridge, and what the seven-day detection gap says about cross-chain trust.
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Payments Layer, Attack Surface: The Gnosis Pay Exploit
A structural post-mortem of the Gnosis Pay incident — how card rails create novel attack surfaces and what full user reimbursement signals about issuer risk.
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The Permissionless Perimeter: The Squid Module Exploit
A technical post-mortem of the $3.2M SquidRouterModule exploit and what it reveals about ambiguous ownership in modular DeFi architectures.
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No Recovery, No Capital: Radiant's Collapse
Radiant Capital's wind-down closes a 14-month chapter that began with a $50M cross-chain exploit. A structural post-mortem of what broke and why.