News Heat Trend
Project Overview
CertiK, a blockchain security company founded in 2018, utilizes formal verification and AI technology in collaboration for its end-to-end blockchain security audit services. It mathematically validates the safety of smart contracts through a combination of formal and manual verification. Additionally, the company has developed "CertiK Chain", a security-focused blockchain designed to enhance the security of smart contracts.
CertiK: Term Labs Hit by Governance Attack, Loses Approximately $8.5 Million
According to monitoring by CertiK Alert, the DeFi lending protocol Term Labs has been targeted by a governance attack, resulting in approximately $8.5 million in asset losses. Currently, around 2,843 ETH and approximately $1.6 million worth of DAI have been transferred to address 0xD5183d8BfC65a50863C62aF2538198A8288FFc13. Term Labs has confirmed that its Term Vaults fell victim to a governance exploit, stating that the team is continuing to investigate the incident and will release further details upon completion of the investigation. Official sources have yet to disclose the specific attack vectors or the scope of the impact.
CertiK Report: Brazil's Crypto Market Enters Full Regulatory Phase, Independent Proof Becomes Key to Market Access
Odaily News, August 11 - Web3 security firm CertiK has released its report "Intel3D: PSAV and Brazil's New Security Standards." The report notes that as the deadline for authorization applications set by the Central Bank of Brazil (October 30 this year) approaches, local Virtual Asset Service Providers (PSAVs) are facing a wave of concentrated compliance adjustments. Independent third-party compliance and security certifications are also transitioning from industry best practices to critical requirements for market access. According to the report, CertiK has already begun conducting independent external audits in accordance with Central Bank of Brazil Normative Instruction No. 701.As one of the markets with the highest crypto adoption rates globally, the impact of Brazil's regulatory transformation may extend far beyond its domestic market. The report shows that Brazil currently ranks fifth globally in actual crypto adoption rates. Between June 2024 and June 2025, Brazil received $318.8 billion in on-chain asset value, accounting for nearly one-third of South America's on-chain activity during the same period. Stablecoins have become a critical infrastructure in the local digital asset market, representing approximately 80% of the trading volume in crypto asset transactions reported to Brazil's Federal Revenue Service.
CertiK Report: Wrench Attacks Surge Nearly 12x in Losses, “Operational Security” Becomes New Core of Prevention
Odaily Odaily News, July 22nd - Web3 security firm CertiK released its "H1 2026 Wrench Attack Report." The report indicates that a total of 52 publicly verified wrench attacks were recorded globally in the first half of 2026, a year-over-year increase of 33.3%; related losses amounted to approximately $124 million, an increase of about 11.8 times compared to the same period last year.The report notes that attackers are shifting from exploiting technical vulnerabilities to targeting asset holders and their real-world social networks. Home invasion incidents increased from 1 case in H1 2025 to 20 cases, accounting for 41% of the total incidents in the period. Europe has become a high-incidence area for attacks, with 33 cases occurring in France alone, representing 63.5% of the global total.CertiK stated that as real-world risks become a significant challenge for digital asset security, enterprises and high-net-worth individuals need to establish more comprehensive protection systems. CertiK has launched operational security services to help identify exposure risks related to identity, family, residence, and travel routes. Simultaneously, through the CertiK Security Workspace, it correlates off-chain intelligence, on-chain transactions, and AML risk signals to support institutions in tracking and analyzing cybercrime activities. Furthermore, CertiK is strengthening cooperation with international law enforcement agencies such as Interpol and Europol, providing technical support for cross-border attack investigations and security policy research.
CLARITY Act could remove Section 604 or expose non-custodial developers to Bank Secrecy Act obligations
one year after the U.S. House of Representatives passed the Clarity for Digital Assets Act (CLARITY Act), the bill remains stalled in the Senate, facing opposition from the banking industry and partisan divisions. Supporters anticipate a potential vote before the Senate's August recess. Industry organizations Coin Center and the Blockchain Association have identified Section 604 as a key provision for protecting open-source innovation. This provision aims to prevent non-custodial blockchain developers, node operators, and validators from being classified as federal money transmitters. Stefan Muehlbauer, Head of U.S. Government Affairs at CertiK, stated that removing Section 604 could conflate software development with financial services, subjecting developers to the Bank Secrecy Act and triggering First Amendment-related constitutional challenges. Iana Dimitrova, CEO of Openpayd, noted that the expanding use of stablecoins for cross-border value transfer has made the need for a federal regulatory framework more apparent. The bill also addresses accounting standards, acknowledges the rescission of SEC Staff Accounting Bulletin SAB 121, and prohibits the SEC from reimposing equivalent crypto custody accounting requirements without a full notice-and-comment rulemaking process. Mark Zalan, CEO of Gomining, pointed out that Bitcoin still faces regulatory gaps, such as tax treatment.
CertiK: Wasabi Protocol Hacked, Approximately $2.9 Million Stolen
According to blockchain security firm CertiK (@CertiKAlert), Wasabi Protocol (@wasabi_protocol) has suffered a security breach, with approximately $2.9 million stolen so far. Preliminary investigations indicate that the attacker gained privileged access after compromising a wallet deployed by Wasabi, enabling the attack. The stolen funds are currently distributed across the following addresses: 0xb8Bb...70dB (approximately $677,000) and 0x6244...f906 (approximately $1.1 million). The incident remains under active investigation.
Syndicate Loses ~$330,000 Due to Attack on Commons Cross-Chain Bridge
According to CertiK, Syndicate Protocol suffered an exploit due to a security breach in the Commons cross-chain bridge. The attacker exploited the vulnerability to acquire approximately 18.5 million SYND tokens, which were subsequently sold for roughly $330,000. The related funds have already been transferred to the Ethereum network via the cross-chain bridge. Syndicate’s official response states that it is investigating the security incident involving the Commons bridge. The team is tracking the attack and collaborating with security firms. It is also evaluating various options to compensate affected users. Syndicate holds sufficient token reserves to assist users who lost SYND.
CertiK：与 Coldcard Wallet 攻击相关资金经 THORChain 跨链后转入 Tornado Cash
CertiK 表示，其监测系统发现两笔各 200 ETH 的交易转入 Tornado Cash，相关资金与正在进行的 Coldcard Wallet 攻击事件有关。上述资金此前通过 THORChain 由 BTC 跨链转入以太坊地址，随后再被转入 Tornado Cash。
VerusCoin Ethereum Cross-Chain Bridge Attacked, Approximately $7.53 Million Transferred Out
According to CertiK Alert monitoring, a security incident occurred on VerusCoin's Ethereum cross-chain bridge, with approximately $7.53 million in assets transferred out. Preliminary analysis indicates that this issue may be related to the cross-chain bridge failing to sufficiently verify whether the Verus chain-side input supports the paid amount, similar to an incident that occurred in May this year.
CodexField's X account and website taken offline, previously accused of fraud
according to CertiK's monitoring, CodexField's X account and website have been taken offline. Earlier, on-chain analyst Specter had warned that the project might be a scam and exit scam, and tracked abnormal cross-chain fund transfers totaling over 17.3 million USDT.
Gravity Bridge attacker deposits 1,180 ETH into Tornado Cash again
According to on-chain security firm CertiK (@CertiKAlert), the Gravity Bridge attacker recently deposited another 1,180 ETH (approximately $2.06 million) into Tornado Cash. Earlier, on May 30, the attacker exploited the permissionless deployERC20() function by forging the Osmosis token string, tampering with the token registry, and mapping fake balances to real custodial assets—thereby stealing approximately 2,600 ETH (around $5.4 million) from Gravity Bridge. To date, 2,020 ETH of the stolen funds have been transferred to Tornado Cash via two externally owned accounts (EOAs); the remainder has been dispersed across centralized exchanges, making fund recovery significantly challenging.
France charges 88 suspects in crypto "wrench attack" cases, including over a dozen minors
the French National Organized Crime Prosecutor's Office (PNACO) issued a statement on Friday stating that France has launched judicial investigations into 12 cryptocurrency kidnapping cases orchestrated by organized crime groups, and has indicted 88 suspects, including more than 10 minors.According to statistics, since 2023, France has recorded 135 cryptocurrency-related attacks, including 18 in 2024, 67 in 2025, and 47 so far in 2026. The accused individuals face charges including kidnapping, illegal detention, extortion, and money laundering. Recently, police arrested six suspects in two operations targeting kidnapping cases, and all individuals are currently in preventive detention. CertiK blockchain intelligence analyst Jonathan Riss stated that the masterminds behind such criminal gangs are typically located outside the European Union.
Hyperbridge Gateway Contract Attacked; 1 Billion DOT Tokens Minted and Dumped on Ethereum
According to PeckShieldAlert monitoring, approximately 1 billion Polkadot (DOT) tokens have been minted and dumped on the Ethereum network. Details of the incident are still under further verification. According to CertiK monitoring, the Hyperbridge gateway contract was attacked; the attacker forged messages to tamper with the admin privileges of the Polkadot token contract on Ethereum, and profited approximately $237,000 by minting and selling 1 billion tokens.
Four people killed in Mexico, suspects accused of stealing a cold wallet holding millions of dollars in Bitcoin
Odaily News: The State Attorney General's Office of Mexico (FGJEM) stated that two suspects are accused of killing four people in search of a cold wallet believed to contain millions of dollars in Bitcoin. The two are scheduled to appear in court on Wednesday, where a judge will determine whether there is sufficient evidence to continue criminal proceedings.The surnames of suspects Diego Sebastián and Gerardo have not been disclosed. Prosecutors allege that the pair killed Jonathan Meléndez, keyboardist for the rock band Camilo Séptimo, his pregnant wife, their daughter, and an employee at a residence in the city of Atizapán de Zaragoza. The family's golden retriever was also killed.Mexico's Secretary of Security, Omar García Harfuch, stated that one of the suspects was a business partner of the victim and allegedly used that relationship to gain entry into the residence. If convicted, the two could face sentences ranging from 25 to 70 years in prison for each victim.Blockchain security firm CertiK reported that 52 violent coercion attacks against cryptocurrency holders were recorded globally in the first half of 2026, a 33.3% increase from 39 during the same period in 2025. Blockchain analysis company Chainalysis estimates that the value of stolen cryptocurrency from related attacks exceeded $30 million. (Cointelegraph)
About 678,000 individuals' and businesses' data stolen: French tax authorities hacked, potentially endangering Bitcoin holders' personal safety
Bitcoin News posted on X platform, stating that France disclosed this month that its tax administration had been hacked, with data of approximately 678,000 individuals and businesses stolen. The stolen data allegedly includes names, addresses, income, and property information. Analysis of the alleged database found 26,805 records showing income exceeding €100,000, including 386 records exceeding €1 million. According to CertiK data, out of 52 verified cryptocurrency wrench attacks globally in the first half of 2026, France accounted for 33. French prosecutors have also accused a tax department employee of using government databases to identify cryptocurrency investors and selling personal information to criminals involved in physical assaults and extortion. The latest data breach has no publicly linked physical attacks yet, but sensitive financial and location data of hundreds of thousands of people may now no longer be under government control.
Besu fixes 5 security vulnerabilities, version 26.7.1 released on July 27
Odaily News: Ethereum client Besu has fixed 5 security vulnerabilities discovered by blockchain security firm CertiK in version 26.7.1 released on July 27, and published 4 detailed security advisories on August 14. Vulnerability details were disclosed after a delay to allow node operators to complete upgrade deployments.Jialiang Chang, Director of Security Engineering and Senior Audit Partner at CertiK, stated that the arrangement of releasing patches first and details later provided an 18-day buffer period, allowing node operators to identify affected deployments, test new versions, and coordinate with validators or consortium participants to complete upgrades.The vulnerabilities involve block broadcast handling, caching of future-height consensus proposals, WebSocket subscription limits, and JSON-RPC filter creation. If left unpatched, attackers could exhaust node memory or thread resources, impacting node availability and consensus processing.Using the Chain Scan methodology, CertiK conducted adversarial testing on peer-to-peer, HTTP RPC, WebSocket RPC, and consensus interfaces in a private multi-node test network, and provided reproducible testing tools to the Besu team. CertiK is updating Chain Scan to expand round-the-clock multi-node testing on public chain networks. (Bitcoin.com News)
Term Labs：Term Meta Vault 已关闭，DAO 治理角色已被撤销
Term Labs 发文更新漏洞事件进展。目前所有 Term Meta Vault 已关闭，DAO 治理角色已被撤销。此关闭不可逆，永久禁止进一步存款，但提款仍开放。本次事件涉及 Term Vault 治理。底层 Term 协议及其直接借贷市场尚未受到影响，团队正在继续核实影响范围。若仍存在资金缺口，团队将寻找解决途径。 此前消息，据 CertiK 监测，Term Finance 于昨日遭遇治理攻击，损失约 850 万美元。
CertiK: Term Labs Hit by Governance Attack, Loses Approximately $8.5 Million
According to monitoring by CertiK Alert, the DeFi lending protocol Term Labs has been targeted by a governance attack, resulting in approximately $8.5 million in asset losses. Currently, around 2,843 ETH and approximately $1.6 million worth of DAI have been transferred to address 0xD5183d8BfC65a50863C62aF2538198A8288FFc13. Term Labs has confirmed that its Term Vaults fell victim to a governance exploit, stating that the team is continuing to investigate the incident and will release further details upon completion of the investigation. Official sources have yet to disclose the specific attack vectors or the scope of the impact.
Brazil's $318.8 Billion Crypto Market Faces Licensing Deadline: Service Providers Must Apply by October 30, 2026
Odaily News: Brazil's crypto market has recorded $318.8 billion in on-chain transaction value over the past 12 months, ranking fifth globally in cryptocurrency adoption, with nearly one-third of Latin America's related activity conducted through Brazilian wallets and platforms. Blockchain security firm CertiK stated that virtual asset service providers must submit authorization applications to the Central Bank of Brazil (BCB) by October 30, 2026, accompanied by independent audit reports. On November 10, 2025, the Central Bank of Brazil issued three resolutions clarifying the licensing scope, minimum capital requirements, and foreign exchange rules for virtual asset service providers. Minimum capital requirements for different license categories range from approximately R$10.8 million to R$37.2 million. Among the current approximately 120 service providers, most have not yet obtained formal licenses, and overseas operators must relocate their operations to Brazil within 270 days. Approximately 80% of Brazil's declared cryptocurrency transaction volume is settled via dollar-pegged tokens, with USDT accounting for 88.7% of that share. Total stablecoin transaction volume from 2019 to 2025 reached R$1.13 trillion. CertiK statistics show that the crypto industry suffered losses of $1.32 billion due to hacker attacks and exploit incidents in the first half of 2026, involving 344 events. (Decrypt)
Besu fixes 5 security vulnerabilities, version 26.7.1 released on July 27
Odaily News: Ethereum client Besu has fixed 5 security vulnerabilities discovered by blockchain security firm CertiK in version 26.7.1 released on July 27, and published 4 detailed security advisories on August 14. Vulnerability details were disclosed after a delay to allow node operators to complete upgrade deployments.Jialiang Chang, Director of Security Engineering and Senior Audit Partner at CertiK, stated that the arrangement of releasing patches first and details later provided an 18-day buffer period, allowing node operators to identify affected deployments, test new versions, and coordinate with validators or consortium participants to complete upgrades.The vulnerabilities involve block broadcast handling, caching of future-height consensus proposals, WebSocket subscription limits, and JSON-RPC filter creation. If left unpatched, attackers could exhaust node memory or thread resources, impacting node availability and consensus processing.Using the Chain Scan methodology, CertiK conducted adversarial testing on peer-to-peer, HTTP RPC, WebSocket RPC, and consensus interfaces in a private multi-node test network, and provided reproducible testing tools to the Besu team. CertiK is updating Chain Scan to expand round-the-clock multi-node testing on public chain networks. (Bitcoin.com News)
Term Labs：Term Meta Vault 已关闭，DAO 治理角色已被撤销
Term Labs 发文更新漏洞事件进展。目前所有 Term Meta Vault 已关闭，DAO 治理角色已被撤销。此关闭不可逆，永久禁止进一步存款，但提款仍开放。本次事件涉及 Term Vault 治理。底层 Term 协议及其直接借贷市场尚未受到影响，团队正在继续核实影响范围。若仍存在资金缺口，团队将寻找解决途径。 此前消息，据 CertiK 监测，Term Finance 于昨日遭遇治理攻击，损失约 850 万美元。
CertiK Report: Brazil's Crypto Market Enters Full Regulatory Phase, Independent Proof Becomes Key to Market Access
Odaily News, August 11 - Web3 security firm CertiK has released its report "Intel3D: PSAV and Brazil's New Security Standards." The report notes that as the deadline for authorization applications set by the Central Bank of Brazil (October 30 this year) approaches, local Virtual Asset Service Providers (PSAVs) are facing a wave of concentrated compliance adjustments. Independent third-party compliance and security certifications are also transitioning from industry best practices to critical requirements for market access. According to the report, CertiK has already begun conducting independent external audits in accordance with Central Bank of Brazil Normative Instruction No. 701.As one of the markets with the highest crypto adoption rates globally, the impact of Brazil's regulatory transformation may extend far beyond its domestic market. The report shows that Brazil currently ranks fifth globally in actual crypto adoption rates. Between June 2024 and June 2025, Brazil received $318.8 billion in on-chain asset value, accounting for nearly one-third of South America's on-chain activity during the same period. Stablecoins have become a critical infrastructure in the local digital asset market, representing approximately 80% of the trading volume in crypto asset transactions reported to Brazil's Federal Revenue Service.
Brazil's $318.8 Billion Crypto Market Faces Licensing Deadline: Service Providers Must Apply by October 30, 2026
Odaily News: Brazil's crypto market has recorded $318.8 billion in on-chain transaction value over the past 12 months, ranking fifth globally in cryptocurrency adoption, with nearly one-third of Latin America's related activity conducted through Brazilian wallets and platforms. Blockchain security firm CertiK stated that virtual asset service providers must submit authorization applications to the Central Bank of Brazil (BCB) by October 30, 2026, accompanied by independent audit reports. On November 10, 2025, the Central Bank of Brazil issued three resolutions clarifying the licensing scope, minimum capital requirements, and foreign exchange rules for virtual asset service providers. Minimum capital requirements for different license categories range from approximately R$10.8 million to R$37.2 million. Among the current approximately 120 service providers, most have not yet obtained formal licenses, and overseas operators must relocate their operations to Brazil within 270 days. Approximately 80% of Brazil's declared cryptocurrency transaction volume is settled via dollar-pegged tokens, with USDT accounting for 88.7% of that share. Total stablecoin transaction volume from 2019 to 2025 reached R$1.13 trillion. CertiK statistics show that the crypto industry suffered losses of $1.32 billion due to hacker attacks and exploit incidents in the first half of 2026, involving 344 events. (Decrypt)
VerusCoin Ethereum Cross-Chain Bridge Attacked, Approximately $7.53 Million Transferred Out
According to CertiK Alert monitoring, a security incident occurred on VerusCoin's Ethereum cross-chain bridge, with approximately $7.53 million in assets transferred out. Preliminary analysis indicates that this issue may be related to the cross-chain bridge failing to sufficiently verify whether the Verus chain-side input supports the paid amount, similar to an incident that occurred in May this year.
CertiK Report: Wrench Attacks Surge Nearly 12x in Losses, “Operational Security” Becomes New Core of Prevention
Odaily Odaily News, July 22nd - Web3 security firm CertiK released its "H1 2026 Wrench Attack Report." The report indicates that a total of 52 publicly verified wrench attacks were recorded globally in the first half of 2026, a year-over-year increase of 33.3%; related losses amounted to approximately $124 million, an increase of about 11.8 times compared to the same period last year.The report notes that attackers are shifting from exploiting technical vulnerabilities to targeting asset holders and their real-world social networks. Home invasion incidents increased from 1 case in H1 2025 to 20 cases, accounting for 41% of the total incidents in the period. Europe has become a high-incidence area for attacks, with 33 cases occurring in France alone, representing 63.5% of the global total.CertiK stated that as real-world risks become a significant challenge for digital asset security, enterprises and high-net-worth individuals need to establish more comprehensive protection systems. CertiK has launched operational security services to help identify exposure risks related to identity, family, residence, and travel routes. Simultaneously, through the CertiK Security Workspace, it correlates off-chain intelligence, on-chain transactions, and AML risk signals to support institutions in tracking and analyzing cybercrime activities. Furthermore, CertiK is strengthening cooperation with international law enforcement agencies such as Interpol and Europol, providing technical support for cross-border attack investigations and security policy research.
Related news
Four people killed in Mexico, suspects accused of stealing a cold wallet holding millions of dollars in Bitcoin
Odaily News: The State Attorney General's Office of Mexico (FGJEM) stated that two suspects are accused of killing four people in search of a cold wallet believed to contain millions of dollars in Bitcoin. The two are scheduled to appear in court on Wednesday, where a judge will determine whether there is sufficient evidence to continue criminal proceedings.The surnames of suspects Diego Sebastián and Gerardo have not been disclosed. Prosecutors allege that the pair killed Jonathan Meléndez, keyboardist for the rock band Camilo Séptimo, his pregnant wife, their daughter, and an employee at a residence in the city of Atizapán de Zaragoza. The family's golden retriever was also killed.Mexico's Secretary of Security, Omar García Harfuch, stated that one of the suspects was a business partner of the victim and allegedly used that relationship to gain entry into the residence. If convicted, the two could face sentences ranging from 25 to 70 years in prison for each victim.Blockchain security firm CertiK reported that 52 violent coercion attacks against cryptocurrency holders were recorded globally in the first half of 2026, a 33.3% increase from 39 during the same period in 2025. Blockchain analysis company Chainalysis estimates that the value of stolen cryptocurrency from related attacks exceeded $30 million. (Cointelegraph)
About 678,000 individuals' and businesses' data stolen: French tax authorities hacked, potentially endangering Bitcoin holders' personal safety
Bitcoin News posted on X platform, stating that France disclosed this month that its tax administration had been hacked, with data of approximately 678,000 individuals and businesses stolen. The stolen data allegedly includes names, addresses, income, and property information. Analysis of the alleged database found 26,805 records showing income exceeding €100,000, including 386 records exceeding €1 million. According to CertiK data, out of 52 verified cryptocurrency wrench attacks globally in the first half of 2026, France accounted for 33. French prosecutors have also accused a tax department employee of using government databases to identify cryptocurrency investors and selling personal information to criminals involved in physical assaults and extortion. The latest data breach has no publicly linked physical attacks yet, but sensitive financial and location data of hundreds of thousands of people may now no longer be under government control.
Besu fixes 5 security vulnerabilities, version 26.7.1 released on July 27
Odaily News: Ethereum client Besu has fixed 5 security vulnerabilities discovered by blockchain security firm CertiK in version 26.7.1 released on July 27, and published 4 detailed security advisories on August 14. Vulnerability details were disclosed after a delay to allow node operators to complete upgrade deployments.Jialiang Chang, Director of Security Engineering and Senior Audit Partner at CertiK, stated that the arrangement of releasing patches first and details later provided an 18-day buffer period, allowing node operators to identify affected deployments, test new versions, and coordinate with validators or consortium participants to complete upgrades.The vulnerabilities involve block broadcast handling, caching of future-height consensus proposals, WebSocket subscription limits, and JSON-RPC filter creation. If left unpatched, attackers could exhaust node memory or thread resources, impacting node availability and consensus processing.Using the Chain Scan methodology, CertiK conducted adversarial testing on peer-to-peer, HTTP RPC, WebSocket RPC, and consensus interfaces in a private multi-node test network, and provided reproducible testing tools to the Besu team. CertiK is updating Chain Scan to expand round-the-clock multi-node testing on public chain networks. (Bitcoin.com News)
Term Labs：Term Meta Vault 已关闭，DAO 治理角色已被撤销
Term Labs 发文更新漏洞事件进展。目前所有 Term Meta Vault 已关闭，DAO 治理角色已被撤销。此关闭不可逆，永久禁止进一步存款，但提款仍开放。本次事件涉及 Term Vault 治理。底层 Term 协议及其直接借贷市场尚未受到影响，团队正在继续核实影响范围。若仍存在资金缺口，团队将寻找解决途径。 此前消息，据 CertiK 监测，Term Finance 于昨日遭遇治理攻击，损失约 850 万美元。
CertiK: Term Labs Hit by Governance Attack, Loses Approximately $8.5 Million
According to monitoring by CertiK Alert, the DeFi lending protocol Term Labs has been targeted by a governance attack, resulting in approximately $8.5 million in asset losses. Currently, around 2,843 ETH and approximately $1.6 million worth of DAI have been transferred to address 0xD5183d8BfC65a50863C62aF2538198A8288FFc13. Term Labs has confirmed that its Term Vaults fell victim to a governance exploit, stating that the team is continuing to investigate the incident and will release further details upon completion of the investigation. Official sources have yet to disclose the specific attack vectors or the scope of the impact.
CertiK Report: Brazil's Crypto Market Enters Full Regulatory Phase, Independent Proof Becomes Key to Market Access
Odaily News, August 11 - Web3 security firm CertiK has released its report "Intel3D: PSAV and Brazil's New Security Standards." The report notes that as the deadline for authorization applications set by the Central Bank of Brazil (October 30 this year) approaches, local Virtual Asset Service Providers (PSAVs) are facing a wave of concentrated compliance adjustments. Independent third-party compliance and security certifications are also transitioning from industry best practices to critical requirements for market access. According to the report, CertiK has already begun conducting independent external audits in accordance with Central Bank of Brazil Normative Instruction No. 701.As one of the markets with the highest crypto adoption rates globally, the impact of Brazil's regulatory transformation may extend far beyond its domestic market. The report shows that Brazil currently ranks fifth globally in actual crypto adoption rates. Between June 2024 and June 2025, Brazil received $318.8 billion in on-chain asset value, accounting for nearly one-third of South America's on-chain activity during the same period. Stablecoins have become a critical infrastructure in the local digital asset market, representing approximately 80% of the trading volume in crypto asset transactions reported to Brazil's Federal Revenue Service.