In a move that has rattled the foundations of decentralized finance, a whitehat auditor exposed a critical logic-layer vulnerability in the DeFi protocol co-founded by ex-French lawmaker Pierre Person. The public reaction—and subsequent silence from the protocol—triggered a series of escalations involving regulators, major protocols, and international institutions. The Bounty That Changed Everything Usual Labs and Sherlock Protocol publicly offered a $16 million USDC bountyfor any discovery o...

In a move that has rattled the foundations of decentralized finance, a whitehat auditor exposed a critical logic-layer vulnerability in the DeFi protocol co-founded by ex-French lawmaker Pierre Person. The public reaction—and subsequent silence from the protocol—triggered a series of escalations involving regulators, major protocols, and international institutions. The Bounty That Changed Everything Usual Labs and Sherlock Protocol publicly offered a $16 million USDC bountyfor any discovery o...