Carrot Protocol Shuts Down Permanently After $285 Million Drift Exploit Claims First DeFi Casualty
Solana yield protocol Carrot is shutting down after the $285M Drift exploit collapsed its TVL by 93%. May 14 is the user withdrawal deadline.
Category
Decentralized Finance protocols, TVL movements, exploit post-mortems, yield strategies, governance, on-chain derivatives, RWAs, lending markets and DEX innovations.
145 articles published
Solana yield protocol Carrot is shutting down after the $285M Drift exploit collapsed its TVL by 93%. May 14 is the user withdrawal deadline.
Solana's April 2026 ecosystem update spans tokenised gold, expanding USDT integration, Aave liquidity support, and growing momentum ahead of the Accelerate USA conference.
Two attacks — Drift Protocol ($285M lost on 1 April) and Kelp DAO ($292M on 18-19 April) — accounted for 95% of April's $606 million…
The Crypto Fear and Greed Index sits at 16 — extreme fear — even as DeFi TVL has recovered to $95 billion, revealing a striking…
The SEC has for the first time explicitly addressed airdrops, protocol staking, protocol mining, and the wrapping of non-security crypto assets in its landmark March…
21Shares projections suggest most Ethereum L2 networks will not survive 2026, with usage consolidating around Base, Arbitrum, and Optimism while smaller rollups see a 61%…
Cardano's Protocol 11 hard fork remains on track for a late-June 2026 mainnet launch, while ADA's classification as a digital commodity removes significant regulatory uncertainty.
Onyxcoin (XCN) jumped 47% to headline a trio of altcoins with bullish technical setups in the final week of April 2026, joined by RAIN and…
DeFi's total value locked climbed back to $95.07 billion in mid-April as a tariff pause and ceasefire news drove a risk-on rally, despite the Fear…
DeFi stands for decentralized finance, and it’s a new issue in the financial space, which has been gaining more and more popularity these days. At…
Ethereum was recently in the spotlight when it's been said that the digital asset is poised for a major rally. Not too long ago, crypto…
The mainstream crypto adoption has been one of the most important goals that the crypto industry set. Back in 2019, there have been a lot…
Get breaking news, market analysis, and expert insights delivered to your inbox daily.
Free. No spam. Unsubscribe anytime.