News linked to both this project and an event.
Odaily News: Cross-chain infrastructure provider Wanchain has announced that it is proposing a white hat settlement to the attacker responsible for the July 20 exploit of the Wanchain Cardano cross-chain bridge, during which NIGHT tokens were stolen. The proposal requires the attacker to return 90% of the stolen NIGHT tokens before 20:00 Beijing time on August 6, and allows them to keep 10% as a white hat bounty. If the tokens are returned on time, Wanchain will regard the action as white hat behavior and will not pursue civil litigation.
crypto exchange BitMart announced it will gradually wind down its trading platform business after nine years of operation. The platform halted new user registrations, deposits, and order placements at 01:30 UTC on July 26. All spot and derivatives trading will cease on August 26, and the platform is scheduled to officially shut down on January 31, 2027. BitMart stated that withdrawals will remain open, but checks related to identity, devices, sanctions, and funding sources may slow processing speeds. The company attributed the closure to its operational status, market conditions, and future strategic direction. Its native token, BMX, has fallen 81% over the past week to $0.057, bringing its market cap down to $19.6 million. BitMart previously suffered a loss of $196 million in December 2021 due to a hot wallet vulnerability, and covered the customer losses. Perpetual contract platform BitMEX also recently announced it will shut down after 11 years of operation, making BitMart the second major crypto exchange to announce a closure within a week.
Odaily News: Ethereum Layer 2 network Taiko released a post-mortem of the June 21 security incident, stating that the attack resulted from an off-chain signature key leak and a verification process gap. The attacker exploited these to forge proofs and bypass the Prover whitelist, rather than breaking ZK cryptography or smart contracts. The attacker stole approximately $1.75 million from cross-chain bridges and Vaults, but over $11 million in assets were protected, and no user funds were lost. Taiko has fixed the vulnerability, restored the pre-attack state, and resumed operation on July 2; an OpenZeppelin audit confirmed the fixes with no high, medium, or low-risk vulnerabilities identified. The official statement also indicated that the Unzen upgrade, scheduled for August 6, will require ZK proofs for every block to further enhance network security.
According to CoinDesk, the Cardano wallet SecondFi was attacked due to a vulnerability in its transaction signing software. A total of 16.1 million ADA (approximately $2.4 million) across 374 wallets was stolen, and the platform has announced permanent closure. The vulnerability allowed attackers to derive private keys from transaction data visible on-chain. The Cardano network itself was not affected, nor were hardware wallet users. An investigation by Groom Lake, a blockchain intelligence company hired by EMURGO, revealed that the primary attackers were sophisticated and well-funded. Some indications point to North Korea's Lazarus Group, but this has not yet been officially confirmed. SecondFi plans to release a wallet export tool in early August and launch a zero-knowledge recovery portal later in the month. EMURGO has established an asset recovery wallet, with the specific distribution time to be determined.
According to Upbit's official announcement, Upbit has designated Zilliqa (ZIL) as an asset subject to trading caution citing "security incidents such as hacks with unknown causes or unaddressed vulnerabilities" (pursuant to Article 17, Paragraph 1, Item 5 of the Enforcement Decree of the Virtual Asset User Protection Act), with the designated period from 19:00 KST on July 22, 2026, to the third week of August (August 17–21). Deposit and withdrawal services for ZIL have been suspended since 19:00 KST on July 20. Upon reopening, only withdrawal services will be restored, while deposit services will be announced separately depending on the progress of subsequent reviews. Upbit will conduct a detailed review of ZIL during the designated period and decide depending on the situation whether to extend the caution period, lift the caution, or terminate trading support.
Cardano ecosystem wallet SecondFi announced that due to a cryptographic defect in its wallet software, approximately 16.1 million ADA (worth around $2.6 million) were stolen. The platform will gradually shut down the SecondFi and Yoroi wallet services. This incident has affected 374 wallets. SecondFi stated that an independent investigation by blockchain intelligence agency Groom Lake identified the attackers as a sophisticated external actor and found indicators potentially linked to North Korea's Lazarus Group, though attribution has not yet been confirmed. SecondFi is developing a recovery tool based on zero-knowledge proofs to help affected users recover assets while limiting the information that needs to be shared. The tool is still being tested and will undergo third-party audits before its planned release in August. SecondFi is also preparing a wallet export feature to allow users to migrate their assets to other services. The platform has not announced a direct compensation plan, nor has it indicated whether it will use its own funds to compensate users.
PPP Prediction Market Tool monitoring shows that Polymarket has launched a market for "When will the US and Iran achieve a two-week ceasefire." Currently, the probability for July 18 stands at 5%; for July 24, it is 15%; for July 31, it is 23%; for August 14, it is 43%; and for August 31, it is 54%.The settlement rules for this event are as follows: If the US takes no military action against Iran between the market creation and 11:59 PM on the specified end date, this market will be settled as "Yes." Otherwise, the market will be settled as "No." The first day of this 14-day period will be the calendar date (Eastern Time) of the most recent qualifying military action that occurs. This period lasts until 12:00 PM Eastern Time on the 14th day. If the most recent qualifying military action during this period occurs on or before the specified end date, the market will be considered "Yes."So-called "qualifying military actions" refer to airstrikes or surface-to-surface missile strikes initiated by the US directly targeting Iran. Airstrikes may include the use of bombs, air-to-surface missiles, and aerial drones launched from the air. Surface-to-surface missile strikes include one-way attack drones and surface-to-surface missiles such as cruise missiles or ballistic missiles.Qualifying military actions include: munitions that are destroyed or intercepted before impact; surface-to-air missile strikes; small arms fire; ground invasions; cyber operations; naval gunfire and artillery; howitzer, cannon, mortar, and rocket artillery (e.g., Multiple Launch Rocket Systems); small-scale surface-to-surface strikes, including short-range cruise missiles, close-air support drones, and anti-tank missile attacks; any threats, authorizations, or declarations of force that have not yet been acted upon.Join the PPP Signal Push Community to stay ahead and seize the opportunity.
Summer.fi announced that following the attack on the Lazy Summer protocol on July 6, the team assessed that there was no viable path to continue business operations, and therefore will gradually cease operations.
Odaily Odaily News Blockchain analyst Vadim noted that Base experienced a network outage today due to a consensus bug triggered by a single invalid block. All block generation after height 47806542 ceased, halting the network for nearly two hours. Since Base utilizes a single sequencer architecture, when that node encountered an error, the entire network stopped running, with no backup block producer or other validator nodes available to bypass the fault and maintain on-chain activity. During the outage, users were unable to conduct transactions, perform liquidations, or process withdrawals.Furthermore, the network recovery process was not automated; node operators within the ecosystem had to manually restart for block synchronization to gradually resume. This is not the first such incident for Base. In August of last year, the network also experienced a freeze lasting approximately 33 minutes due to a sequencer switching failure. The single sequencer model exposes the centralization risks in some current L2 networks: while offering higher speed, the entire chain can come to a halt due to a single point of failure when the core component malfunctions.
According to Crypto in America, the National District Attorneys Association, the National Association of Assistant U.S. Attorneys, the International Association of Chiefs of Police, and the National Sheriffs’ Association jointly sent a letter to Acting Attorney General Todd Blanche and Patrick Witt, Executive Director of the White House Crypto Council, expressing strong opposition to Section 604 of the “Clarity Act”—the Blockchain Regulatory Certainty Act (BRCA). Law enforcement groups argue that this provision could create regulatory loopholes exploitable by criminals for illicit activities including drug trafficking, fraud, child exploitation, sanctions evasion, and terrorist financing. Meanwhile, cryptocurrency-backed candidates achieved sweeping victories in primary elections across Maryland, New York, and Utah. Fairshake—a pro-crypto super PAC—has collectively spent over $7.6 million supporting these candidates, including $5.5 million backing Adrian Boafo, the candidate for Maryland’s 5th congressional district. Miller Whitehouse-Levine, founder of the Solana Policy Institute, warned that August 7, 2026, may be the final window for Congress to pass cryptocurrency market structure legislation. He stated that the industry is willing to make limited revisions to the BRCA provisions to address law enforcement concerns—but firmly opposes any fundamental changes that would weaken the core protections enshrined in the provision. Additionally, the House Financial Services Committee held a hearing on “The Future of Payments” the same day.
the US Department of Justice stated Saif Faiq has pleaded guilty to conspiracy charges in a Bitcoin-related kidnapping and extortion case, facing a maximum of 20 years in prison, with sentencing scheduled for August 28.The case occurred in 2024. Faiq and his brother Adam Iza were accused of plotting to kidnap the parents of a crypto millionaire, recruiting six men from Florida to carry out the operation in Connecticut. The suspects carjacked the victims' Lamborghini Urus in broad daylight, assaulting them and briefly holding them captive.The victims were Sushil and Radhika Chetal, whose son Veer Chetal was previously involved in a social engineering fraud case, stealing approximately 4,100 Bitcoins, and has already pleaded guilty to the theft. Faiq and his brother have both acknowledged conspiring to interfere with commercial activities through robbery.
According to Cryptopolitan, Adam Iza—a 25-year-old cryptocurrency entrepreneur from California, nicknamed “The Godfather”—formally pleaded guilty on June 1 to orchestrating the kidnapping of a couple from Connecticut. The incident stemmed from the couple’s son, Veer Chetal, who allegedly stole 4,100 bitcoins (valued at approximately $245 million) via social engineering. In response, Iza planned to kidnap Chetal’s parents to recover the stolen funds. On August 25, 2024, the criminal group staged a rear-end collision near Danbury High School, forcibly abducted the victims, and assaulted them. However, the operation quickly unraveled after multiple witnesses called the police and nearby FBI agents intervened; all six participants were apprehended and have since pleaded guilty. Additionally, in a separate case in California, Iza also pleaded guilty to charges including wire fraud, tax evasion, and directing law enforcement officers to conduct illegal surveillance for extortion purposes. California prosecutors are separately seeking a 35-year prison sentence.
The Resolv Foundation has announced its recovery plan following the protocol security incident. USR/wstUSR tokens held and snapshot-recorded prior to the incident will be redeemed for USDC at a 1:1 ratio, while USR/wstUSR acquired after the incident will be redeemed at a 1:0.5 ratio. RLP holdings will be restored at a core redemption rate of 0.71 USDC per token, with additional RESOLV token allocations based on a reference price of $0.03. The Foundation stated that eligible users may claim their recovery funds between May 26, 2026, and August 26, 2026.
Paul Sztorc, a developer who has long focused on Bitcoin scaling solutions, proposed a Bitcoin hard fork named eCash, set to occur at block height 964,000 in August 2026. Users holding BTC at the time of the fork will receive eCash on a 1:1 basis, and the new chain will introduce the Drivechains sidechain architecture. The controversy mainly centers on the plan to pre-allocate a portion of the eCash corresponding to the Satoshi Nakamoto address on the new chain to early investors, a move that has drawn criticism from the community, with some accusing it of "stealing" tokens. Paul Sztorc stated that this initiative aims to provide incentives for development and collaboration before the project's launch.
According to DL News, Russian cryptocurrency exchange Grinex announced last Wednesday that it would cease operations after suffering a cyberattack that resulted in the theft of over 1 billion rubles—approximately $13 million. The report states that Grinex had processed nearly $100 billion in trading volume for the sanctioned stablecoin A7A5 in 2025. Its shutdown is expected to weaken Russian companies’ ability to convert rubles into usable international currencies and deliver a severe blow to Russia’s shadow financial system designed to circumvent sanctions. Grinex was viewed as the successor to Garantex, which had previously been sanctioned and shut down. Both Grinex and Old Vector—the issuer of A7A5—were sanctioned in August 2025 by the United States, the European Union, and the United Kingdom.