BREAKING
Sep 29Senate Investigators Checked 846 Sanctioned Iran Wallets. 84% of Them Ran on Tether●Sep 2853 Memecoins on Robinhood Chain Turned Out to Be One Crew. They Took $18.4M, and Each Rug Paid for the Next●Sep 27KelpDAO Is Suing LayerZero for the $292M Hack. Its Evidence: LayerZero Signed Off on the Exact Setup That Got Drained●Sep 26The SEC Is About to Be Two People. 'Crypto Mom' Hester Peirce Just Quit, and Nobody Has Been Nominated to Replace Her●Sep 25Hackers Took $351.6M From Bitget Without Stealing a Single Private Key. They Forged the Transfer Orders and Bitget's Own Signing Machines Approved Them●Sep 24BitMEX Invented the 100x Perpetual Swap, Beat a Criminal Case With a Presidential Pardon, Then Lost to the Product It Created. Leave Money There Now and It Costs You $50 a Month●Sep 23Circle Pays Binance Every Month to Push USDC. Now Binance Owns $100M of Circle, and the Filing Landed the Same Day the Sanctions Probe Leaked●Sep 22Last Week Manhattan Prosecutors Moved to Seize $61M of Iranian Oil Money That Ran Through Binance. This Week They're Investigating Binance●Sep 21Polymarket's Payment Processor Was Rejecting 80% of US Deposits as Fraud. The CEO's Reported Answer: Keep Growing, Pay the Fine Later●Sep 20Robinhood Wallet Users Bought Dogwifhat With Credit Cards and Earned Cash Back, Because Visa Was Told They Were Buying E-Books●Sep 29Senate Investigators Checked 846 Sanctioned Iran Wallets. 84% of Them Ran on Tether●Sep 2853 Memecoins on Robinhood Chain Turned Out to Be One Crew. They Took $18.4M, and Each Rug Paid for the Next●Sep 27KelpDAO Is Suing LayerZero for the $292M Hack. Its Evidence: LayerZero Signed Off on the Exact Setup That Got Drained●Sep 26The SEC Is About to Be Two People. 'Crypto Mom' Hester Peirce Just Quit, and Nobody Has Been Nominated to Replace Her●Sep 25Hackers Took $351.6M From Bitget Without Stealing a Single Private Key. They Forged the Transfer Orders and Bitget's Own Signing Machines Approved Them●Sep 24BitMEX Invented the 100x Perpetual Swap, Beat a Criminal Case With a Presidential Pardon, Then Lost to the Product It Created. Leave Money There Now and It Costs You $50 a Month●Sep 23Circle Pays Binance Every Month to Push USDC. Now Binance Owns $100M of Circle, and the Filing Landed the Same Day the Sanctions Probe Leaked●Sep 22Last Week Manhattan Prosecutors Moved to Seize $61M of Iranian Oil Money That Ran Through Binance. This Week They're Investigating Binance●Sep 21Polymarket's Payment Processor Was Rejecting 80% of US Deposits as Fraud. The CEO's Reported Answer: Keep Growing, Pay the Fine Later●Sep 20Robinhood Wallet Users Bought Dogwifhat With Credit Cards and Earned Cash Back, Because Visa Was Told They Were Buying E-Books●
BTC -- --%
ETH -- --%
Fear & Greed F&G 73 Greed
ESC
Type to search articles
The Weekly Grind (Jun 25–Jun 28): Polymarket's $3.1M Hack & Ethereum's Job Cuts

The Weekly Grind (Jun 25–Jun 28): Polymarket's $3.1M Hack & Ethereum's Job Cuts

June 29, 2026 · 2 min read · 284 words

Opening Paragraph

This week in crypto was turbulent, marked by significant security breaches and job cuts. As Polymarket suffers a $3.1 million hack, Ethereum trims down its workforce amid budget cuts. The ripple effects are being felt across the crypto job market and regulatory landscapes.

The Big Stories

  • Polymarket Hacked for $3.1M: A supply chain attack on Polymarket drained $3.1 million from user wallets without any phishing clicks. Now, the CFTC has launched an investigation into the company for deceptive marketing practices. Read more.
  • Ethereum Foundation Cuts Jobs: The Ethereum Foundation slashed 54 jobs and shut down its privacy research lab, citing a 40% budget cut. Concerns about funding gaps for Ethereum’s client teams are rising. Read more.
  • Resupply Loses $9.5M in Hack: A hacker exploited Resupply, turning a $4,000 flash loan into a $9.5 million heist. Shockingly, the team made no recovery attempt. Read more.
  • Opposition to the CLARITY Act: The Catholic Church and major police unions are pushing back against Section 604 of the CLARITY Act, threatening the future of DeFi in the U.S. Read more.

By the Numbers

  • $3.1M lost in Polymarket hack.
  • 54 jobs cut by the Ethereum Foundation.
  • 9.5M dollars siphoned from Resupply.
  • 40% budget cut at Ethereum Foundation.
  • $1.79B withdrawn from BlackRock’s Bitcoin ETF in one week.

What This Means for Crypto Jobs

The week’s events signal a shift in the crypto job market. While Ethereum is shedding roles, particularly in research and development, demand for cybersecurity experts is likely to surge following multiple high-profile hacks. DeFi sector faces regulatory uncertainty, potentially chilling new hires. On the flip side, stablecoin engineers remain in demand with salaries ranging from $90K to $300K.

Find your next crypto role at cryptogrind.com.

How did this hit?
weekly-rounduphacksjob-marketEthereumregulation

More stories

The Weekly Grind (Sep 15–Sep 21): Polymarket's 80% Fraud Disaster

The Weekly Grind (Sep 15–Sep 21): Polymarket's 80% Fraud Disaster

Sep 21
The Weekly Grind (Jun 30–Jul 5): $70B Bug, Trump Coin Losses, & AI Trading

The Weekly Grind (Jun 30–Jul 5): $70B Bug, Trump Coin Losses, & AI Trading

Jul 6
Someone Just Bet $290M on Ethereum Hours Before a Secret White House Crypto Meeting

Someone Just Bet $290M on Ethereum Hours Before a Secret White House Crypto Meeting

Jun 10

Discussion

Comments are powered by GitHub. Sign in with your GitHub account to chime in.

Related jobs on Cryptogrind

View all
⚖ Compliance / Legal

Looking for your next crypto role?

Browse hundreds of Web3 and crypto positions on Cryptogrind — from smart contract engineers to DeFi analysts.

Browse jobs