News linked to both this project and an event.
according to Blockaid monitoring, it detected an ongoing attack targeting the SquidRouter module on the Ethereum and Base chains. Within approximately 2 hours, 86 Gnosis Safe wallets were drained of about $3 million in assets. All stolen tokens were swapped for DAI via a Uniswap V3 pool controlled by the attacker.
According to PeckShield’s monitoring, the WUSD/GLOVE pool on Ethereum was attacked, resulting in losses of approximately $207,000. The attacker has swapped the stolen assets for roughly 98 ETH and deposited them into Railgun.
multiple blockchain and post-quantum cryptography researchers have warned that artificial intelligence (AI) is accelerating the development of quantum computing and could potentially impact the security systems of mainstream blockchains, including Bitcoin and Ethereum, earlier than anticipated.Alex Pruden, CEO of Project Eleven, a firm focused on quantum-resistant infrastructure, stated that the combination of AI and quantum computing is fundamentally reshaping the future security landscape. "People will no longer be able to rely on existing security assumptions as they have in the past," he said.Researchers point out that AI is already being used to optimize quantum error correction, which is one of the key technical bottlenecks in the development of quantum computing. Illia Polosukhin also noted that AI has been accelerating scientific breakthroughs for years, and in the future, there may even be a circular acceleration effect where "AI helps build the next generation of quantum computers."One of the industry's biggest current concerns is the "Harvest Now, Decrypt Later" strategy, where governments or advanced attackers begin mass-collecting encrypted data now, waiting to decrypt it all at once once quantum computing matures. Polosukhin warned that if quantum computers become viable within a few years, "most of today's important data on the internet could be decrypted in the future."Given that most blockchain networks and internet infrastructure currently rely on elliptic curve cryptography (ECC), a sufficiently powerful quantum computer could theoretically derive a private key from a public key, directly breaking wallets and on-chain systems. Simultaneously, AI itself is strengthening hacking capabilities. Pruden stated that AI models are becoming increasingly adept at discovering software vulnerabilities and cryptography implementation flaws, and may even be able to crack some encryption algorithms directly in the future.However, AI is also being used by developers for code auditing, formal verification, and testing post-quantum security systems, creating a "long-term security arms race" with simultaneous upgrades on both the offensive and defensive sides. Researchers believe the most significant change brought by AI and quantum computing together is that the core assumption of "long-term cryptographic reliability" in the digital age is being challenged. Future security systems may shift from "static upgrades" to continuous dynamic evolution. (CoinDesk)
stablecoin issuer StablR suffered a sustained attack, causing its euro stablecoin EURR and dollar stablecoin USDR to depeg.Blockchain security firm Blockaid stated that the attacker allegedly gained control by obtaining the private key of one of the owners of the minting multi-signature account. Exploiting the 1/3 signature threshold mechanism, the attacker replaced other administrators and minted an additional 8.35 million USDR and 4.5 million EURR.Subsequently, the attacker swapped tokens worth approximately $10.4 million for about 1,115 ETH on a DEX, yielding an actual profit of around $2.8 million. Following the incident, EURR fell to around $0.88, while USDR dropped to approximately $0.7.Blockaid noted that the incident was not caused by a smart contract vulnerability but rather by a failure in key management and governance mechanisms. (Cointelegraph)
According to on-chain analyst PeckShield (@PeckShieldAlert), the VerusCoin cross-chain bridge attacker has returned 4,052.4 ETH (approximately $8.5 million) to the project team’s address (0xF9AB...C1A74), representing 75% of the total stolen amount. The remaining 25% (1,350 ETH, approximately $2.8 million) is retained in the attacker’s wallet as a white-hat bounty.
according to monitoring by Specter Analyst, a high-net-worth investor holding significant assets on Kraken and Coinbase exchanges fell victim to an alleged personal intimidation attack, resulting in total losses of approximately $6.7 million across various assets.The attacker withdrew 1,554 ETH (approximately $3.3 million) and 10.5 BTC from the user's Kraken account. Simultaneously, the attacker also breached the user's Coinbase defenses, withdrawing 34.1 cbBTC. Subsequently, the attacker directly deposited over $5.3 million of the stolen funds into the privacy protocol Tornado Cash to obfuscate the transaction trail. (financefeeds)
Syndicate Labs stated that after five years of developing on-chain infrastructure for customizable Ethereum Rollups and sequencers, the company has decided to shut down due to a drastic contraction in the Rollup market. Syndicate Labs previously completed a $20 million Series A funding round led by Andreessen Horowitz in 2021.This decision caused the SYND token price to drop 21% in the past three hours, hitting an all-time low of $0.012, a 99.5% decline from its peak of $2.61 in September 2025.Additionally, Syndicate Labs stated that the Syndicate Network Collective operates independently of Syndicate Labs, so the governance of the SYND token will not be immediately affected. The decision to shut down was not influenced by the previous hacking incident involving bridged assets.
According to CertiK monitoring, the attacker of cross-chain aggregation protocol Transit Finance has deposited 832.9 ETH into Tornado Cash, valued at approximately $1.8 million.
Odaily Kelp announced on X platform that it has coordinated with multiple DeFi protocols to complete the liquidation of the attacker's positions, achieving key progress in the rsETH recovery process. Among them: Compound participated in coordination multiple times over the past four weeks, providing approximately 3,000 ETH in support, and jointly completed the liquidation with Aave, recovering a total of approximately 17,426.20 rsETH; Euler Finance liquidated the attacker's positions within its protocol and plans to return the excess ETH to the DeFi ecosystem fund.
According to CoinDesk, the total value locked (TVL) in ETH lending protocols has declined from a year-to-date high of $32 billion to $23 billion—a drop of approximately 28%. The oracle vulnerability incident involving KelpDAO triggered a market confidence crisis, and combined with overall bearish market sentiment, led to roughly $9 billion in outflows from the DeFi lending sector.
According to on-chain analyst PeckShield (@PeckShieldAlert), Echo Protocol was hacked on Monad. The attacker minted 1,000 $eBTC out of thin air (valued at approximately $76.7 million), then deposited 45 $eBTC (approximately $3.45 million) into Curvance and used it as collateral to borrow roughly 11.29 $WBTC (approximately $867,700). The attacker subsequently bridged the $WBTC cross-chain to Ethereum, swapped it for $ETH, and laundered 384 ETH (approximately $821,700) via Tornado Cash.
According to Onchain Lens monitoring, Echo Protocol on Monad has been attacked. The attacker minted 1000 eBTC, worth $76.7 million, and withdrew the funds through Curvance via a previously tested attack path.As of now, the attacker has deposited 45 eBTC as collateral into Curvance and borrowed approximately 11.29 WBTC, worth $867,700; the attacker then cross-chained this portion of WBTC to Ethereum, swapped it for ETH, and transferred 385 ETH (worth approximately $818,000) to Tornado Cash. The attacker currently appears to still control a large amount of the minted eBTC.
Vitalik published an article titled “A Shallow Dive into Formal Verification,” introducing recent progress in applying formal verification to Ethereum’s cutting-edge research and development. The article states that developers can write code in Lean, EVM bytecode, or assembly language and verify its correctness via mathematically rigorous proofs that can be automatically checked—thereby improving both code efficiency and security. He notes that formal verification is especially suitable for complex yet well-defined-security systems such as STARKs, Byzantine Fault Tolerant (BFT) consensus, ZK-EVMs, and post-quantum signatures, and mentions related projects including Arklib, VCV-io, and evm-asm. The article also emphasizes that formal verification is not a panacea: it remains subject to limitations such as incorrect specification definitions, unverified code paths, hardware-level constraints, and side-channel attacks.
according to PeckShieldAlert monitoring, the Adshares bridge attacker has returned 256 ETH (worth $540,700) to the deployer, accounting for 86% of the stolen funds.The Adshares bridge was attacked on May 17, 2026, resulting in a loss of approximately $628,000.
Verus confirmed on Platform X that its Verus-Ethereum cross-chain bridge has been attacked, resulting in the theft of ETH, USDC, and tBTC from the contract on the Ethereum chain. Other bridged assets are currently unaffected. The Verus network is now suspended, with most block-producing nodes voluntarily going offline after experiencing the cascading effects of the attack. The development team is fully investigating the scope of the incident, the attack vector, and the subsequent remediation plan, and will provide updates once more information is confirmed. Verus stated that it is willing to cooperate with relevant law enforcement agencies to pursue legal accountability; however, if the attacker returns all stolen funds, the project team is willing to offer a bug bounty and will not pursue further legal action.Verus also reminds users that anyone claiming to be part of the Verus team or community in public channels, private messages, or other avenues, and offering "compensation" or "remediation plans," is a scammer. The official statement emphasizes not to interact with anyone claiming there are compensation projects or offering payouts, and to promptly report such accounts to Discord or Platform X.Previously, it was reported that the Verus-Ethereum cross-chain bridge was attacked, resulting in losses of approximately $11.58 million.
According to PeckShield monitoring, the Verus-Ethereum Bridge has been hacked, resulting in the loss of assets including 103.6 tBTC, 1,625 ETH, and 147,000 USDC. The hacker subsequently swapped the stolen assets for approximately 5,402.4 ETH. The attacker's address received an initial 1 ETH approximately 14 hours ago via the mixing protocol Tornado Cash.
: On-chain analyst Tom Wan stated on platform X that the current ETH utilization rate has dropped below 90%, and the lending APY has fallen to 1.9%. Since the rsETH LayerZero cross-chain bridge was attacked, the deposits of wstETH and weETH have decreased by approximately $1.2 billion and $1.76 billion, respectively. As the strategy of leveraged looping wstETH/weETH against ETH becomes profitable again, market attention is turning to whether demand for ETH leveraged loops will return, or if capital will continue to wait on the sidelines or flow into protocols like Spark and Morpho.
Odaily News: Blockaid posted on platform X, stating that its vulnerability detection system has discovered an attack on the Verus Ethereum cross-chain bridge, which has so far caused losses of approximately $11.58 million.
on-chain analyst Specter stated that the hijacking incidents of investor Keith Gill, Matt Furie, and WinRAR accounts on the X platform are all linked to the same hacker organization. This organization has accumulated over $14 million in profits by hijacking accounts to promote tokens and conducting cross-chain money laundering, with funds flowing through five chains: Solana, BNB Chain, Ethereum, Tron, and Hyperliquid.Specter claims the organization may also be connected to a $2.45 million wstETH phishing attack in 2024. The investigation found that hackers used compromised accounts to issue Pepe imitation tokens, incorporating a built-in 2% automatic fee mechanism to generate profits; related fund flows are associated with the bnbshare.fun platform and multiple Solana, Tron, and Ethereum addresses. Analysis also showed that several tokens (including USOR, VDOR, DROID, WCOR, UGOR) were used to inflate market caps before being dumped to zero.
Odaily Chainalysis posted on X platform, stating that prior to the THORChain theft, wallets suspected to be linked to the attacker had been transferring funds through Monero, Hyperliquid, and THORChain for several consecutive weeks. As early as late April, the attacker-associated wallets deposited funds into Hyperliquid positions via Hyperliquid and the Monero privacy bridge. These funds were subsequently converted to USDC and transferred to Arbitrum, then bridged to Ethereum. Some of the ETH was then moved to THORChain to stake as RUNE for a newly joined node, which is believed to be the source of the attack.Subsequently, the attacker bridged a portion of the RUNE back to Ethereum and split it into four chains. One chain went directly to the attacker, passing through intermediate wallets before transferring 8 ETH to the wallet that would ultimately receive the stolen funds, just 43 minutes before the attack. The funds from the other three chains flowed in reverse. Between May 14 and 15, these wallets bridged the ETH back to Arbitrum again, deposited it into Hyperliquid, and transferred it into Monero via the same privacy bridge, with the final transaction occurring less than 5 hours before the attack commenced. As of Friday afternoon, the stolen funds remain untouched, but the attacker has demonstrated sophisticated cross-chain money laundering capabilities. The Hyperliquid to Monero path may be the next move.