Alex Protocol, a DeFi platform built on Bitcoin, is stepping up to cover losses for users who got burned in an $8 million security breach. They’re dipping into their treasury funds to make things right, calling it a "Treasury Grant Program." It’s not a full refund yet—details are still fuzzy—but it’s a clear move to rebuild trust after a nasty exploit.

Editor’s Note: Crypto hacks are way too common, but how projects respond matters. Alex Protocol could’ve ghosted users or dragged its feet—instead, it’s owning up and opening the vault. For a space where "code is law" often means "tough luck," this kind of accountability might set a new standard. Still, keep an eye on whether the payouts actually happen.

Cetus Protocol, a decentralized finance (DeFi) platform, is back in action after suffering a massive $220 million hack earlier this year. The team has managed to restore liquidity, essentially refilling the pool of funds users can trade or borrow against. It’s a bold comeback attempt, though questions about security and trust linger.

Editor’s Note: Hacks in DeFi are alarmingly common, but full recoveries are rare. Cetus’s relaunch shows resilience, but it also highlights the risks of trusting decentralized platforms with big money. For crypto users, it’s a reminder to weigh the rewards against the very real dangers.