On October 16, 2024, Radiant Capital, a decentralized cross-chain lending protocol built on LayerZero, was the victim of a highly sophisticated cyberattack that resulted in a staggering $50 million loss.
Brazil’s Central Bank (BCB) has introduced a regulatory proposal to ban platforms from allowing stablecoin withdrawals to self-custody wallets.
This initiative is part of the country’s broader effort to regulate its rapidly expanding crypto sector.