Dutch crypto exchange Knaken's operating company and its affiliated payments foundation entered court-controlled bankruptcy on July 16 after the Rotterdam District Court found that the exchange could not repay customers in full. The court said customers were locked out, payments had stopped, and a substantial...

Ostium, an on-chain perpetuals trading platform, said a five-minute security incident caused losses from its public liquidity vault. Security firms estimated the exploit at up to $24 million. Co-founder Kaledora Kiernan-Linn confirmed that the issue ran from 14:18 to 14:23 UTC on July 15 and...