SPICE Protocol

Proof of collateral > proof of hype

$6 Bill donated to Democratic People's Republic of Korea(North Korea) A breach this size usually starts months before a single line of malicious code ever touches a smart contract. Reports point to a compromised engineer laptop and potentially a fake romance vector engineered by North Korean operatives; making this less of an exploit and more of a human entry point. Once inside, the execution was surgical: 50 EIP-7702 authorizations packed into a single transaction, using fresh post-Pectra account abstraction mechanics to redirect wallet control instantly. The post-exploit flow as stolen funds were rapidly split and funneled across multiple hops to obfuscate the paper trail before anyone could freeze the addresses. Whether it’s a centralized exchange or a decentralized protocol (like the Drift or KelpDAO incidents earlier this year), the takeaway for the industry is identical: 🕵️ Attackers don't break code; they groom operations. 🧠 Long-tail social engineering is cheaper than zero-day exploits. 🔑 If collateral is fully liquid for easy trading, it's equally liquid for an attacker with key access. Technical audits only check what smart contracts do under normal conditions. They don't protect against a trusted contributor signing off on the wrong payload. Be deliberate with what you approve, double-check authorization delegates, and maybe keep work access separate from late-night DMs.

At @DeFinition_evt hosted by @AccountableData, SPICE Co-Founder & CEO @doubtfulorigin discussed moving beyond asset tokenization toward verifiable, privacy-first private credit infrastructure. Catch the full conversation here 👇 terminal.fintech.tv/fintecht…

Scaling real-world assets on-chain requires more than moving numbers to a ledger. It demands robust risk management, rigorous origination structures, and a clear understanding of real-world legal constraints. At @DeFinition_evt, our co-founder @doubtfulorigin took the stage alongside Thibault Labidi (@M11Credit) and Justas Pangonis (@AlcumOfficial), in a panel moderated by Alessio Marinelli (@credilabs), to unpack a fundamental question: "Can private credit actually scale on-chain?" The core takeaway: Scaling isn't about rushing volume; it’s about building digital credit infrastructure that institutions can verify, trust, and rely on in real time. Thank you to the @AccountableData team for organizing a event focused on candid, unscripted industry discussions, and to our fellow panelists for sharing the stage.

Sunsets, sea breeze, and great company. 🌊✨ We wrapped up @token2049 week aboard the SPICE x Valencia Yachts cruise for Sun, Seas and Stars, bringing together friends, partners, and builders across the ecosystem. Beyond the skyline views, it gave everyone a well-needed break from the conference noise to have honest, uninterrupted conversations and catch up properly. A huge thank you to Evangeline Wong and Kelvin Leong alongside the entire Valencia Yachts team for co-hosting and helping us put together such a seamless evening. And special appreciation to everyone who took the time to join us on board and brought such great energy to the deck! Until next time ⚓️

Hosting a high-conviction event during the busiest week of the year comes with a lot of moving parts behind the scenes. For OFF-MENU 2049 at La Maison du Whisky, our priority was keeping the environment intimate and focused on direct, high-value discussions around on-chain risk and origination. To everyone who joined us and spent their evening engaging with our team and network; thank you. The quality of conversation in the room made every detail worth it. We are grateful for our community and partners who continue to support SPICE’s vision. Looking forward to hosting you again soon!

Tune in!

OFF-MENU 2049 is wrapped.🥃 ​On Oct 6th in Singapore, we gathered with top builders and partners to talk RWAs, DeFi, and on-chain risk intelligence, over some great whiskey. A huge thank you to everyone who joined us, brought sharp insights to the room, and made the evening a success. ​If you missed it, catch up on what we’re building at SPICE: spiceprotocol.xyz/

Great session at @DeFinition_evt hosted by @AccountableData! ​Our cofounder @doubtfulorigin took the stage for a practical discussion on the topic "Can private credit actually scale on-chain?" Thanks to our fellow panelists for a candid and insightful session! Grateful to share the stage with leaders who are rolling up their sleeves to do the heavy lifting in this space.

We spent yesterday at @DeFinition_evt in Singapore, hosted by @AccountableData during TOKEN2049 week. ​SPICE was proud to support Definition as a sponsor. Beyond the great conversations with teams across RWA and Web3, the highlight was diving into the panel: "Can private credit actually scale on-chain?" ​Scaling credit on-chain is about structure, risk management, and getting real-world constraints right. Great to see these honest, practical conversations taking center stage. ​Thanks to the Accountable team for bringing everyone together!

The SPICE team has been catching up with everyone in town for Token Week 🇸🇬 If you’re around and want to talk shop, trade ideas, or grab a quick coffee, drop us a DM!

Tonight. 7PM, Singapore. OFF MENU is the room after the conference. Tonight we talk RWA origination, on-chain risk intelligence, and where the next cycle of private credit is actually headed, over a slow pour. SPICE x @AccountableData See you there.

Excited to announce our partnership with @theblockopedia_ as our official media partner for Off-Menu 2049. ​ Join us on Oct 6th in Singapore, a small group of builders and leaders for an intimate evening of slow pours, RWA origination, and on-chain strategy. theblockopedia.com/

Tomorrow night. Singapore. Whiskey, low light, and conversations that move markets. OFF MENU 2049.

SPICE team will be at TOKEN2049, DMs open to set up a meet.🚀

We're not doing this alone. OFF MENU 2049 is hosted together with @AccountableData - real-time financial verification that lets institutions prove assets and liabilities without exposing them. OFF MENU 2049 - Oct 6, Singapore. 🥃

Fun fact before you land in Singapore for TOKEN2049 🇸🇬👇 It wasn't always a 25,000-person mega-event taking over Marina Bay Sands. Back in 2017, it started with just three guys in Hong Kong trying to solve their own networking problem. Alex Fiskum, Christopher Strauch, and Peter Noszek were getting into crypto, but realized they barely knew anyone in the space. So they decided to host an event at the Kerry Hotel in 2018 to meet people into the same weird new asset. About 1,500 people showed up. The name "2049"? They just wanted something forward-looking and easy for audiences across the West and Asia to remember. Next time you’re navigating the massive crowds at MBS, remember: the entire industry now plans its year around what started as a simple effort to build a network✨