Tag: Breaking

The native token of Algorand (ALGO) jumped over 24% this week, reclaiming the $0.10 level and pushing its market capitalization back toward $1 billion. A landmark whitepaper from Google Quantum AI, UC Berkeley, and the Ethereum Foundation cited Algorand 32 times, trailing only Bitcoin and Ethereum in total mentions. The report specifically praised Algorand’s live deployment of Falcon digital signatures and state proofs, which protect the...

The number of protocols affected by the Drift Protocol vulnerability has expanded from 11 to 20 within the last 24 hours. Prime Numbers Fi has emerged as the hardest-hit victim among the new wave, with estimated losses exceeding $10 million. Total losses across the Solana ecosystem connected to the incident are now estimated at approximately $285 million. The contagion from the recent Drift Protocol security breach has significantly...

X (formerly Twitter) is rolling out an auto-locking and verification system for users who post about cryptocurrency for the first time in their account history. The measure aims to dismantle the economic incentive for hackers who hijack high-follower accounts to promote phishing links and meme coin scams. X Head of Product Nikita Bier stated the feature should “kill 99% of the incentive” for bad actors exploiting the...

Blockchain analytics firm Elliptic has identified multiple indicators linking the $286 million exploit of Drift Protocol to the Democratic People’s Republic of Korea (DPRK). The attack on the Solana-based perpetual exchange involved a sophisticated social engineering campaign to compromise the Security Council’s administrative powers. Stolen funds are being moved through cross-chain bridges and swapped to Ethereum, mirroring laundering...

Coinbase Chief Legal Officer Paul Grewal stated that a deal on the CLARITY Act, specifically regarding stablecoin yield provisions, could be finalized within the next 48 hours. The dispute centers on “passive yields”—rewards earned simply for holding stablecoins—which banking groups fear could trigger deposit flight from traditional institutions. A potential compromise, led by Senators Thom Tillis and Angela Alsobrooks, may ban...