
Crypto protocols pledge 43K ETH to restore rsETH backing
Mantle, EtherFi Foundation, Golem Foundation, Lido DAO, Ethena, LayerZero, Ink Foundation and Tyrdo have all made pledges to the “DeFi United” recovery effort.

Mantle, EtherFi Foundation, Golem Foundation, Lido DAO, Ethena, LayerZero, Ink Foundation and Tyrdo have all made pledges to the “DeFi United” recovery effort.

Crypto protocols are experiencing a massive influx of AI-generated bug bounty submissions, with Cosmos Labs reporting a 900% increase in volume. The surge, driven by AI tools that can sift through code but also hallucinate vulnerabilities, is straining teams and forcing some programs to adapt or shut down.

Crypto protocols are grappling with a surge in AI-generated bug bounty submissions, with Cosmos Labs reporting a 900% increase in volume to 20-50 per day. The influx of low-quality reports, including false positives from AI tools that hallucinate vulnerabilities, is straining security teams and prompting some programs to adapt their triage processes.

The attack caused a "cross-protocol contagion" that has impacted at least nine crypto protocols, blockchain security firm Cyvers said.