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[Coinfest Asia] Ex-Central Banker Turned Binance Exec Explains Why Crypto Can’t Just Move Fast and Break Things in Asia

Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. For years, Silicon Valley’s “move fast and break things” was the go-to strategy of the crypto industry. It was simple: launch a platform globally, blitzscale past competitors, and ask for regulatory forgiveness later. This is…

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Term Labs vault exploit drains estimated $8.5M

Term Labs confirmed on Aug. 23 that a governance exploit had affected its lending vaults. Blockchain security firms estimated that the attacker extracted approximately $8.5 million in cryptocurrency. Summary Term Labs confirmed a governance exploit affected its vaults while investigators assessed the full damage. CertiK estimated losses near $8.5 million, but Term Labs has not…

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