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#Blockchain security

27 Stories Found
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Dormant 11-Year-Old Ethereum Wallet Moves $4.6M, Dodging Scam Set Up in Minutes
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Dormant 11-Year-Old Ethereum Wallet Moves $4.6M, Dodging Scam Set Up in Minutes

Key Highlights An Ethereum whale avoided an address poisoning scam, successfully moving 2,154.94 ETH (roughly $4.6 million) to a secure wallet. Automated bots targeted the long-dormant 2015 wallet within minutes of an initial test transaction using lookalike addresses. Wall Street giant Citi previously warned that low-value address poisoning attacks are inflating Ethereum’s transaction volume metrics. ...

XRP Ledger Outlines Quantum-Proof Accounts with No Extra Fees for Users
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XRP Ledger Outlines Quantum-Proof Accounts with No Extra Fees for Users

Key Highlights: The XRP Ledger quantum-resistant signature proposal increases protected transaction storage from a baseline of 1,704 bytes to 5,331 bytes, including database overhead. Network operators will absorb the extra storage demands without passing additional base fees to end users, as transaction fees remain destroyed. Ripple and the Foundation are targeting a full quantum transition ...

Solana Moves to Scrap Transaction Feature Exploited in $270 Million Drift Hack
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Solana Moves to Scrap Transaction Feature Exploited in $270 Million Drift Hack

Key Highlights: A newly drafted proposal sets a tentative mainnet-beta activation date of May 5, 2027, to phase out durable nonce transactions on Solana. The deprecation aims to resolve long-standing stability risks, citing a historical 2022 incident where a failed transaction halted the network for roughly 4.5 hours. While durable nonces account for only around ...

Two Rival Ethereum Proposals Seek to Prevent Glamsterdam From Breaking Old Contracts
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Two Rival Ethereum Proposals Seek to Prevent Glamsterdam From Breaking Old Contracts

Key Highlights: The scheduled October 26 testnet rehearsal for Ethereum’s Glamsterdam upgrade was postponed following serious warnings from security researchers. Critics warn that planned gas increases could break high-profile protocols, with over 200,000 smart contracts already identified as potentially impacted. Core developers and researchers are drafting alternative solutions, including Glisic’s EIP-8488 dual-instruction set and Rebuffo’s ...

Standard Chartered and SBI Back Crypto Insurer Soter as Funding Hits $23.5 Million
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Standard Chartered and SBI Back Crypto Insurer Soter as Funding Hits $23.5 Million

Key Highlights Abu Dhabi-based digital asset insurer Soter offers direct balance-sheet coverage of up to $5 million, 200 BTC, or 2,000 ETH for crypto losses. The firm holds regulatory approvals from both Bermuda and Dubai, maintaining dedicated cold-storage reserves with regulated custodians to settle claims in-kind. Market demand and pricing for crime-related insurance are hardening ...

XRP Ledger Patches Bug Allowing Approved Token Burners to Mint New Tokens
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XRP Ledger Patches Bug Allowing Approved Token Burners to Mint New Tokens

Key Highlights The XRP Ledger officially enabled an amendment designated as fixCleanup3_4_0 to seal a permission loophole involving token minting and burning. Under specific circumstances, third-party accounts authorized exclusively to destroy an issuer’s tokens were technically capable of minting new supply. The patch targets issued assets such as stablecoins rather than the native XRP cryptocurrency, ...

Ethereum Targets 2028 for Post-Quantum Transition, a Year Ahead of Schedule
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Ethereum Targets 2028 for Post-Quantum Transition, a Year Ahead of Schedule

Key Highlights: Ethereum researcher Justin Drake expressed a target to complete the network’s post-quantum and post-AI transition by December 2028, ahead of the Ethereum Foundation’s official December 2029 roadmap date. Approximately 72% of the total ETH supply is currently stored in addresses with exposed public keys, leaving them susceptible to emerging quantum computing and advanced ...

BitMart Founder Confirms Crypto Exchange Hack During Restructuring
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BitMart Founder Confirms Crypto Exchange Hack During Restructuring

Key Highlights On-chain data and preliminary findings link recent wallet breaches at BitMart and Brazilian exchange Mercado Bitcoin to a shared receiving destination. Bitquery tracked approximately $391,000 drained from suspected BitMart hot wallets across Base, Arbitrum, and Optimism, starting minutes before Mercado Bitcoin suffered a multimillion-dollar attack. BitMart is operating with reduced technical personnel amid ...

What Happens if North Korea Targets Wall Street’s Tokenized Assets Next?
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What Happens if North Korea Targets Wall Street’s Tokenized Assets Next?

Key Highlights: Real-world asset (RWA) tokens remain vulnerable to typical blockchain exploits, such as smart contract flaws and compromised private keys. Unlike decentralized cryptocurrencies like Bitcoin and Ether, issuers of stablecoins and tokenized assets can execute administrative freezes to mitigate theft. Legal ownership mechanisms in tokenized securities allow issuers to invalidate compromised tokens and re-issue ...

Brazil’s Mercado Bitcoin Halts Withdrawals Following $40 Million Multi-Chain Hack
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Brazil’s Mercado Bitcoin Halts Withdrawals Following $40 Million Multi-Chain Hack

Key Highlights: Brazilian cryptocurrency exchange Mercado Bitcoin has halted deposits and withdrawals following a multichain exploit resulting in losses estimated to exceed $40 million. Security researchers revealed that unauthorized outflows drained assets across at least 10 different blockchains, including Ethereum, Solana, Bitcoin, and Tron. Mercado Bitcoin confirmed it had identified and swiftly contained the incident, ...

Binance Faces Allegations of Suspicious $2.77 Billion Transfer
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Binance Faces Allegations of Suspicious $2.77 Billion Transfer

Key Highlights: On-chain cryptocurrency monitoring tools have registered approximately $2.77 billion in outbound transfers from Binance-affiliated wallets. The high-volume asset movements occurred across five separate blockchain networks. Investigators are currently evaluating whether the sudden, large-scale capital outflow is the result of a security breach or internal operations. Massive Capital Outflows Observed Across Multiple Blockchains Blockchain ...

Altcoin Project Halts Block Production and Withdrawals Following Attack Alert
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Altcoin Project Halts Block Production and Withdrawals Following Attack Alert

Key Highlights: The zkLink Nova development team has placed its ecosystem under an extensive security review following an exploit targeting compromised contracts and associated components. Network operations and external asset transfers will remain offline until security risks are definitively eliminated, with no definitive timeline announced for reactivation. The exact financial scale of the incident remains ...