News linked to both this project and an event.
Curvance posted on platform X, stating that at approximately 6:00 PM EST today (Beijing time), it noticed an anomaly in the Echo eBTC market on the Curvance platform. Currently, there are no indications that the Curvance smart contract has been attacked or compromised. Due to its fully isolated market architecture, other markets remain unaffected. As a precautionary measure, the team has suspended the affected market and is investigating the cause of the incident together with ecosystem partners. Further updates will be announced as more information becomes available.
Odaily Odaily, THORChain posted on platform X that its developers have released an incident update on Discord. Current evidence points to a node thor16uc...cn84q, which recently joined the network, as being associated with the attack. This node is operated by a single malicious actor. The primary hypothesis is that the attacker exploited a vulnerability in the GG20 TSS implementation, causing sensitive key material of vault participants to leak over time. This ultimately enabled the reconstruction of the vault's private key and the execution of unauthorized outgoing transactions.Regarding network status, the network has been paused after multiple node operators executed `make pause`. RUNE transfers and on-chain observation may resume within approximately 12 hours, but transactions, LP operations, signing, and other sensitive operations remain paused.Discussed recovery plans include slashing the affected node's bond, covering losses with protocol-owned liquidity (POL), or other community-driven solutions. THORSec and Outrider Analytics are continuing their investigation. The Treasury is gathering forensic data and coordinating with relevant law enforcement agencies. Full functional recovery is expected to take several days or longer.
According to Cryptopolitan, U.S. Senator Cynthia Lummis told CNBC in an interview that large banks are attempting to block legislation aimed at clarifying cryptocurrency regulation because they cannot compete with the crypto industry. She emphasized that Bitcoin’s adoption is unstoppable: “This will become the financial system of the future.”
According to CertiK, Syndicate Protocol suffered an exploit due to a security breach in the Commons cross-chain bridge. The attacker exploited the vulnerability to acquire approximately 18.5 million SYND tokens, which were subsequently sold for roughly $330,000. The related funds have already been transferred to the Ethereum network via the cross-chain bridge. Syndicate’s official response states that it is investigating the security incident involving the Commons bridge. The team is tracking the attack and collaborating with security firms. It is also evaluating various options to compensate affected users. Syndicate holds sufficient token reserves to assist users who lost SYND.
According to an official announcement by USDT0 (@USDT0_to), the USDT0 cross-chain bridging infrastructure resumed normal operations today. System integrity and risk exposure remain unaffected, and all pending transactions submitted prior to the suspension have been safely settled. Previously, on April 19, USDT0 proactively suspended its OFT bridging service as a precautionary measure pending the conclusion of the KelpDAO rsETH incident investigation. USDT0 emphasized that it bears no risk exposure related to this incident, and all USDT0 tokens remain fully backed 1:1 by USDT.
Odaily News The Ethereum NFT marketplace Foundation has announced its permanent shutdown and cessation of operations. Founder Kayvon Tehranian stated that the original plan was to sell the platform to a potential buyer to continue operations, but the deal fell through. The company has decided not to seek other acquirers, and the related infrastructure has been shut down with no plans for a restart.It is reported that in January of this year, Foundation transferred ownership to the digital art company BlackDove. However, after completing due diligence, BlackDove decided to develop its own platform, leading to the termination of the collaboration. Foundation facilitated approximately $230 million in primary sales cumulatively. Its closure has once again drawn market attention to the sustainability of centralized NFT infrastructure.