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The DAO hacked again, but this time it’s the good guys

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The DAO hacked again, but this time it's the good guys

Ten years on from the most notorious hack in Ethereum history, The DAO has been exploited once again.

However, this time, far from 2016’s existential crisis, it’s actually good news.

In what a Security Alliance (SEAL) member described as a “long-planned whitehat rescue,” over 50 ether (ETH) were rescued from an insecure contract.

The funds, worth over $100,000 had sat in a vulnerable smart contract for a decade. They currently sit in this recovery address.

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Read more: 2025’s biggest crypto hacks: From exchange breaches to DeFi exploits

The 2016 hack of the original DAO saw 3.6 million ETH lost. The sum was worth around $60 million at the time, but would now be valued at close to $8 billion.

Whitehat hackers subsequently sprang into action, racing to reverse engineer the hack and drain the contracts themselves in order to secure funds that blackhats may otherwise have gained.

This bought time until a longer-term solution could be decided on by the community.

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The event caused such disruption to the Ethereum community that it collectively took the decision to fork the network, restoring the blockchain to its pre-hack state.

Today’s whitehat rescue was announced by “Giveth,” whose co-founder Griff Green worked on The DAO back in 2016.

It may be surprising that such a high profile codebase, especially from a security standpoint, would still contain an unidentified vulnerability a decade later. But a recent spate of blackhat attacks on older projects show that such hidden weaknesses may be more common than expected.

Read more: Legacy DeFi platforms lose $27M as hacking spree continues into 2026

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The rescue mission comes on the back of more good news for the Ethereum security community.

Last week, Green pledged that recovered funds will be returned “to the people who put it there, or if unclaimed, [used] for funding Ethereum Security.”

Any unclaimed funds from today’s rescue will be added to the pot.

Got a tip? Send us an email securely via Protos Leaks. For more informed news, follow us on XBluesky, and Google News, or subscribe to our YouTube channel.

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Spartans Betting Platform Generates $40 Million GGR While Rollbit and BC.Game Cannot Keep Up

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Spartans Betting Platform Generates $40 Million GGR While Rollbit and BC.Game Cannot Keep Up

The digital wagering sector in April 2026 is witnessing a technical revolution where speed is the ultimate currency. While Rollbit and BC.Game have defined the previous era of crypto-native gambling, Spartans.com is rewriting the rules through sheer technical performance. During its record-breaking beta phase, Spartans processed $100,000,000 in total deposits, generating an impressive $40,000,000 in Gross Gaming Revenue (GGR).

Currently ranked 14th and climbing globally, the platform has established itself as the fastest withdrawal online casino by integrating proprietary “Degen Zone” technology, allowing for high-velocity wagering and instant payouts that legacy platforms simply cannot match.

Rollbit: The Crypto-Native Ecosystem

Rollbit has long been considered a pioneer in the crypto gambling space, successfully building a multifaceted ecosystem that blends traditional casino games with innovative features like NFT loans and a native token economy. In 2026, it remains a major destination for players who appreciate a broad range of crypto-integrated services.

However, the complexity of the Rollbit platform—designed to manage everything from a sportsbook to a token-burn mechanism—can sometimes lead to a slightly higher latency during peak wagering periods. While Rollbit offers a diverse experience, its core engine is not exclusively optimized for the ultra-high-frequency betting that modern “power users” demand.

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Consequently, while it provides a reliable service, it faces stiff competition from specialized, high-velocity engines. For players prioritizing the absolute fastest execution and the most streamlined withdrawal process, the multifaceted nature of Rollbit can occasionally represent an operational trade-off in raw technical speed.

BC.Game: The Gamification Giant

BC.Game is the industry leader in social gamification, keeping its massive user base engaged through a continuous cycle of quests, daily spins, and community-focused incentives. Its platform is a masterclass in retention, offering a deep VIP hierarchy and a wide array of proprietary games. As of mid-April 2026, it continues to thrive by appealing to a broad demographic of social bettors.

However, this focus on gamification results in a “heavy” user interface that can struggle to provide the zero-latency experience required for high-frequency automated betting. BC.Game’s withdrawal infrastructure is robust, but it often involves multiple verification steps and native token conversions that can add time to the payout cycle.

For the elite tier of bettors who treat gambling as a high-performance activity, the social layers of BC.Game can feel like friction. While it remains a top-tier choice for entertainment, it lacks the specialized “Degen” focus found in newer, leaner platforms.

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Spartans: High-Velocity GGR and the Degen Zone

Spartans.com has redefined what it means to be a high-performance gambling platform by focusing on the core essentials: speed, liquidity, and technical efficiency. Generating $40,000,000 in Gross Gaming Revenue (GGR) from $100,000,000 in total deposits during its beta phase is a testament to the platform’s unparalleled engagement. This massive revenue result is driven by the proprietary “Degen Zone”, a high-velocity wagering engine designed specifically for automated betting on original titles like Crash, Plinko, and Dice. The Degen Zone allows players to process thousands of wagers per hour with zero latency, making Spartans the definitive choice for the modern power user.

To complement this wagering speed, Spartans has established itself as the fastest withdrawal online casino by utilizing high-speed ADA (Cardano) and AVAX (Avalanche) multi-chain payment rails. These rails ensure that payouts are as instantaneous as the games themselves, bypassing the administrative delays common on other sites. Currently sitting at a 14th global ranking and climbing, Spartans has used its beta performance to prove that technical superiority leads to higher volume and better results.

While the platform offers over 5,900 games from 43+ providers, the “Degen Zone” remains its crown jewel, catering to a segment of the market that demands precision and pace. By stripping away the clutter of social gamification and focusing on raw performance, Spartans is successfully migrating high-stakes volume away from Rollbit and BC.Game, positioning itself as the elite standard for the August 1st global launch.

Conclusion

The technical gap between Rollbit, BC.Game, and Spartans.com is becoming the primary differentiator for the world’s most active bettors in 2026. While Rollbit offers a complex ecosystem and BC.Game excels in social engagement, Spartans.com has captured the high-performance market with its $40M GGR and specialized “Degen Zone.”

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As the platform continues its ascent past the 14th global rank, it has firmly cemented its reputation as the fastest withdrawal online casino in the industry. For players who demand instant execution and liquid payouts, Spartans.com provides the ultimate technical edge in the modern crypto-gambling era.

Find Out More About Spartans:

Website: https://spartans.com/

Instagram: https://www.instagram.com/spartans/

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Twitter/X: https://x.com/SpartansBet

YouTube: https://www.youtube.com/@SpartansBet


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Tether To Lead $150M Recovery Program for DeFi Platform Drift Protocol

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Tether To Lead $150M Recovery Program for DeFi Platform Drift Protocol

Stablecoin issuer Tether, the company behind USDt (USDT), said Thursday it will back a $150 million recovery program for the Drift Protocol decentralized exchange (DEX) following an exploit of the platform in April.

The recovery plan for the $280 million Drift Protocol exploit includes $127.5 million from Tether, with the rest coming from undisclosed partners, according to Tether’s announcement. Tether said:

“Rather than relying on upfront capital alone, the structure links funding and recovery to ongoing trading activity on the Drift platform, allowing user balances to be restored as the exchange returns to normal operations.”

The Drift Protocol platform will “contribute directly” to the ongoing recovery of user funds as the platform resumes normal trading activity. 

The top 10 crypto assets stolen from the Drift Protocol in the exploit. Source: Quill Audits

Drift will also transition its settlement asset from Circle’s USDC (USDC) dollar-pegged stablecoin to Tether’s USDt as part of the platform’s relaunch. 

Cointelegraph reached out to Tether but did not receive a response by the time of publication. 

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The recovery program highlights a growing trend of crypto industry companies collaborating to restore user funds and help platforms resume normal operations after major hacks or cybersecurity attacks that cause hundreds of millions of dollars in losses.

Related: Drift sends onchain message to wallets tied to $280M exploit

Circle comes under fire for not freezing funds after Drift Protocol attack

Crypto industry executives, cybersecurity researchers and blockchain security firms criticized Circle for not freezing the USDC wallets linked to the Drift Protocol exploiter, despite having a window of several hours to intervene.

The exploiter used Circle’s Cross-Chain Transfer Protocol (CCTP), a native bridge that allows tokens to be transferred to other blockchain networks, to transfer over $232 million USDC from the Solana network to the Ethereum network, according to onchain sleuth ZachXBT.

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Cybercrime, Tether, Hacks, Stablecoin, DeFi
Source: ZachXBT

The funds were transferred in more than 100 transactions, he said, adding, “Despite the attacker laundering funds over six consecutive hours across Circle’s own native bridge, no USDC was frozen. The attacker has been linked to North Korea by Elliptic.” 

Circle’s stock sank by about 10% on April 9, following criticism over the company’s failure to freeze the funds from the hack and downgraded forecasts from market analysts. The NYSE-traded shares have since clawed back that decline, increasing about 20% as of yesterday’s close, according to Yahoo Finance data.

Magazine: Are DeFi devs liable for the illegal activity of others on their platforms?