Governance Tokens → News → Incrypthos News

A faceted, translucent blue crystalline structure is centrally positioned, encased by a sleek, white, segmented band. This arrangement rests upon a densely populated blue circuit board, indicative of advanced technological infrastructure. The scene suggests the intersection of decentralized ledger technology, cryptographic principles, and potential quantum entanglement applications within the cryptocurrency ecosystem, possibly representing novel consensus mechanisms or secure data enclave concepts.

The DAMS framework introduces a tripartite classification for digital assets, creating a path for regulatory clarity and defining the jurisdictional boundaries for US platforms.

A sophisticated DLT core mechanism showcases intricate metallic components, resembling a high-performance validator node. Within its central chamber, a dense aggregation of white, granular elements, potentially representing cryptographic hashes or tokenized data packets, undergoes active processing. This visual metaphor illustrates the complex operations of a blockchain's consensus mechanism, where data integrity is maintained through rigorous hash function computations. The system's architecture suggests efficient transaction processing and secure smart contract execution within a decentralized network.

→Exploit

→Asset Drain

→Attack Vector

Shibarium Bridge Compromised via Flash Loan and Validator Key Control

A flash loan exploit manipulated governance tokens to seize validator control, enabling unauthorized asset drainage from the Shibarium bridge.

$A pristine white modular unit, akin to a network node, reveals an intensely glowing blue core composed of numerous interconnected digital elements. This internal luminescence represents high-throughput data processing and cryptographic hashing, where on-chain transactions are validated. Small, dispersed digital particles emanate from the core, symbolizing fractionalized digital assets or data shards. The blurred background features multiple identical units, illustrating a distributed ledger technology DLT network architecture, emphasizing peer-to-peer consensus mechanisms and decentralized governance. This visual encapsulates the secure execution of smart contract logic within a robust blockchain infrastructure.$

→Decentralized Finance

→Digital Asset

→Layer-2

Shibarium Bridge Exploited, $2.4 Million Drained via Flash Loan Attack

A flash loan vulnerability allowed attackers to compromise Shibarium's validator consensus, draining $2.4 million and exposing critical L2 bridge risks.

A partially opened metallic vault structure reveals an intricate interior filled with vibrant blue and white cloud-like formations, symbolizing digital asset liquidity within a secure framework. Metallic components, including a prominent spherical dial and concentric rings, suggest advanced cryptographic security mechanisms and robust blockchain architecture. The textured, crystalline surface above hints at tokenomics or a decentralized autonomous organization's DAO governance structure. This visual metaphor encapsulates the dynamic interplay of on-chain data, smart contract logic, and secure cold storage solutions in the evolving Web3 ecosystem.

→Protocol Upgrades

→Governance Tokens

→Digital Assets

MakerDAO Rebrands to Sky, Launches USDS Stablecoin and SKY Governance Token

MakerDAO's strategic rebrand to Sky introduces USDS and SKY tokens, enhancing DeFi accessibility and compliance while integrating tokenized real-world assets.