NEWS DIGEST – 12.09.2025 🚀
1) 🛡️ DeFi alert: Nemo Protocol hacked for $2.4M in USDC
What’s new: Nemo, a yield optimization protocol on Sui blockchain, was exploited for about $2.4 million USDC. Attackers bridged stolen funds via Arbitrum → Ethereum. Nemo suspended smart contract activity; vault assets reportedly safe.
Why it matters: Reinforces that even newer DeFi platforms are vulnerable to cross-chain bridging exploits and supply-chain risks. Users need constant vigilance; audits & bridges remain weak links in the DeFi stack.
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2) 🇮🇳 India still holds back on full crypto framework amid systemic risk concerns
What’s new: India’s government reviewed a draft that effectively puts off comprehensive crypto legislation. RBI fears stablecoins and broader crypto integration could threaten its existing payments infrastructure (like UPI). Regulation, but only partial / cautious.
Why it matters: A decentralized / retail-strong market remains unintegrated into formal finance. For global projects, India remains a tricky region: opportunities big, policy still constrained.
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3) 🔐 DeFi’s Achilles’ heel: Malware infection via JS packages
What’s new: Developers revealed that malicious actors poisoned JavaScript packages used by crypto wallets / DeFi tools—downloads numbered in the billions. Attackers are using them to inject crypto-stealing malware.
Why it matters: A supply-chain threat; third-party dependencies are risk vectors. Even if smart contracts are audited, if JS front-ends or tooling are compromised, users are exposed. Security across the stack matters, not just the blockchain layer.
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4) 💸 Crypto equity euphoria fades—“treasury” companies face retreat in share prices
What’s new: Companies that have built balance sheets with crypto (Bitcoin holdings + token exposure) are seeing their stock prices slip from recent highs. Investors seem rotating out after summer’s hyped accumulation.
Why it matters: The “corporate treasury” model is under stress. Market sentiment toward crypto exposure in public equities is becoming more skeptical. Those with operating business + crypto holdings need to show real revenue / risk management, not just BTC bags.
