May, 2025

FTX to Distribute Over $5 Billion Stablecoins on May 30, Nearly 2% of Market, to Creditors With >$50k Balances
FTX is set to distribute over $5 billion in stablecoins to its creditors on May 30, representing nearly 2% of all stablecoins currently in circulation...

Cobie Joins ICO 2.0 Wave with Public Token Sale Platform Sonar
Sonar lets teams self-host public token sales with “configurable compliance.”...

Cork Protocol Exploited for 3,762 wstETH ($12M), Converted to 4,530 ETH; Security Firms Detect Breach
Cork Protocol, an asset-pegged protocol backed by a16z CSX and Orange DAO, has suffered a major security breach resulting in losses estimated between $11 million and $12...

Cork Protocol Suffers $12 Million Exploit; 3,760 wstETH Stolen in Contract Deployed May 28
On May 28, 2025, a smart contract exploit resulted in the unauthorized transfer of approximately 3,760 wrapped staked Ether (wstETH), valued at around $12 million, from the Cork Protocol...