Kraken sues Etana over $25m client fund theft

Kraken’s Etana fraud case alleges a Ponzi-like scheme diverted more than $25m in client funds. Summary Kraken parent Payward filed a second amended complaint in Colorado federal court accusing Etana Custody and CEO Dion Russell of misappropriating over $25m in client funds. The complaint alleges Etana commingled custodial assets with operating funds, made risky bets…

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Tether Sues Titan Holding in Brazil to Recover $300 Million Defaulted Loan

Key Takeaways Tether sued Titan Holding to recover a $300M loan after Daniel Vorcaro’s arrest and bank collapse. Galaxy’s Alex Thorn notes Tether is crypto’s top CeFi lender, with secured loans reaching $15.8B. Tether next seeks to freeze Titan’s assets, though the $300M default won’t affect USDT’s backing. Tether Introduces Lawsuit to Recover $300M Borrowed…

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Solv Protocol and Re Switch to Chainlink CCIP, Moving Nearly $1B Away From Layerzero

Key Takeaways Solv Protocol moves $700M in tokenized Bitcoin from Layerzero to Chainlink CCIP, joining two other major DeFi protocols. An April 18, 2026, exploit drained roughly $292M from KelpDAO, triggering security reviews across DeFi bridging infrastructure. Re (re.xyz) selects Chainlink CCIP as its exclusive cross-chain bridge for reUSD, a stablecoin backed by $475M+ in…

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