Conic’s collapse is yet another reminder of how fragile DeFi protocols can be, especially when security and team cohesion falter. Even with months of development, a single misstep can unravel everything. For users, it’s a race against time to reclaim funds before the doors shut for good.

Meanwhile, Ethereum’s Pectra upgrade is running into trouble on Sepolia, thanks to an unknown attacker mining empty blocks. A botched deposit contract event triggered errors, and an exploiter spammed 0-token transactions to keep the chaos going. A fix was deployed, but an overlooked edge case let the attack persist. The good news? The attacker gained nothing, and devs patched things up behind closed doors. The bad? No word yet on when Pectra hits mainnet.

These incidents, though separate, highlight a shared truth - DeFi remains a high-stakes arena where security lapses and unexpected exploits can reshape entire ecosystems overnight.