Jelly Token Meltdown: A Sticky Situation in DeFi Chaos

2025, a year already marred by historic exploits, saw the DeFi sector grappling with oversight and security issues. North Korean hackers, those modern-day pirates, made off with $1.4 billion in the Bybit hack. But the JELLY incident? Oh, that was a masterpiece of its own. A whale, exploiting Hyperliquid’s liquidation parameters, swam away with millions, leaving the industry in shambles. 🐋💸

UAE set to launch Digital Dirham CBDC this year

As reported by the Khaleej Times (because who else would dare to break this news?), the Central Bank of the UAE is issuing a digital version of the beloved AED. Think of it as the dirham’s stylish younger sibling, all sleek and modern 🕶️. This digital darling will be accepted everywhere, alongside its physical counterpart, and you’ll be able to access it through your trusty banks, exchange houses, and even those trendy fintech firms.

Crypto Chaos: Hackers, Scams, and the Great Data Heist! 😂💻

In a parallel tale of woe, Binance finds itself embroiled in claims of a leak involving over 130,000 records of user emails and passwords. Yet, in a twist worthy of a farcical play, Binance vehemently denies that this data emerged from a breach within their hallowed exchange. Instead, they attribute the calamity to phishing attacks, where dastardly villains gain access to user data by compromising browser sessions with malware. Oh, the irony!