Author: CryptoPress

TrustedVolumes, a prominent market maker and resolver for 1inch Fusion, was exploited for $6.7 million on Thursday. The attacker abused a publicly accessible function to register as an authorized order signer, bypassing traditional security checks. 1inch Network clarified that its core aggregation protocols and user funds remain unaffected by the third-party breach. Liquidity provider TrustedVolumes, a key market maker and resolver utilized...

Banking trade groups are opposing a bipartisan compromise in the Clarity Act designed to settle the dispute over stablecoin yield. The proposed language by Senators Thom Tillis and Angela Alsobrooks bans passive yield but allows rewards for “bona fide” activities like staking and liquidity provision. Financial institutions argue the exceptions create loopholes that could lead to a $850 billion drop in community bank lending. A...