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Dao is a GameFi project. It is a journey of Taoist cultivation, spiritual practice and cultural revival in Web3.
Ignas: There Are Currently Fewer Than 20 Quality Tokens, Looking Forward to Polymarket Launching a TGE
Odaily reports: DeFi researcher Ignas posted on X that there are currently too few quality tokens in the market that truly have strong revenue support—only about 20 projects have holders generating daily revenue of over $50,000. However, this may also further concentrate capital and market attention toward a small number of projects. For this reason, he looks forward to more projects that have already generated actual revenue launching token generation events (TGEs), and hopes Polymarket will also adopt a TGE model.Ignas added that after further considering valuation, token unlocks, and revenue sustainability, the pool of viable targets will shrink even further. Although some tokens may appear attractive, their market cap to fully diluted valuation (MC/FDV) ratios are not ideal. As a result, investors need to bet that demand growth will outpace the supply growth brought by token unlocks, making some tokens more suitable for trading than for long-term holding.Ignas believes that for most tokens, what investors are still trading is narrative and market sentiment, and they need to trust that project teams will deliver on their promises. With several DAOs having recently dissolved, the so-called "decentralized" accountability mechanisms are also not sufficient.
Balancer Co-Founder Proposes Phasing Out the Protocol, Says v3 Revenue Growth Fell Short of Expectations
Odaily Report: Balancer Labs co-founder Marcus Hardt posted on X that he has proposed a governance proposal to gradually shut down Balancer. Balancer had previously completed a restructuring, including halting token emissions, transferring all protocol fees to the DAO, cutting the operational budget by one-third, and reducing the team from approximately 25 people to 12.5 full-time equivalents.Marcus stated that the restructuring was completed on the cost side as planned, but revenue performance fell short of expectations. Currently, most of Balancer's protocol revenue still comes from v2, and v3 revenue has not grown enough to replace v2. Previous security incidents have also continued to affect partners' willingness to adopt v3. Marcus said he can no longer see a funded path that could change the situation, and continuing to burn through treasury funds is not reasonable. Therefore, he has proposed gradually shutting down Balancer and will not lead efforts to develop a plan for continued operations. The Balancer code will remain open source, and other teams can fork it and continue development. The relevant proposal has been submitted to the governance forum, and the final decision still rests with token holders.
DeFi asset management and risk analysis company Gauntlet secures $125 million financing from Japanese financial giant SBI Holdings
According to Fortune, DeFi asset management and risk analysis company Gauntlet completed a $125 million financing round, exclusively invested by Japanese financial group SBI Holdings. The financing was completed in June this year, and the specific valuation was not disclosed. This is Gauntlet's largest financing round since its establishment in 2018, far exceeding its $24 million Series B round in 2022 led by Ribbit Capital at a $1 billion valuation. Gauntlet was founded by former Wall Street quantitative trader Tarun Chitra. It initially focused on providing stress testing and vulnerability analysis services for DeFi protocols. Later, as the DAO governance model waned, it gradually transitioned to a "treasury curation" business—assessing yield strategy risks through quantitative analysis to help institutional investors manage digital asset allocation. Currently, its clients include asset management giant Apollo, Coinbase, and stablecoin issuer Circle.
Aave CEO: Will Never Sell AAVE Tokens at a 70% Discount, Designing Aavenomics 3.0 Buyback Mechanism
Odaily Odaily: In response to recent community discussions, the Aave CEO issued a statement clarifying that Aave will never sell AAVE tokens at a 70% discount.According to the "Aave Will Win (AWW)" proposal, 100% of the revenue generated by the Aave protocol and the GHO stablecoin belongs to AAVE token holders. This principle also applies to all product revenues, including Aave App, Aave Pro, and Swaps. As a service provider for Aave DAO, Aave Labs is solely responsible for protocol development and expansion and does not receive any protocol or product revenue.The Aave CEO revealed that Aave's current annualized revenue has reached $134 million, all of which belongs to Aave DAO. Additionally, the Aave brand and related software intellectual property rights belong to AAVE.Furthermore, the team is designing Aavenomics 3.0, which plans to introduce a new, automated, non-discretionary buyback mechanism. More details will be announced later. He stated that Aave's goal is not only to serve the crypto market but also the entire financial asset market, including Real World Assets (RWA).
Aave Founder Responds to Payward Acquisition Rumors: Will Not Sell AAVE at a 70% Discount
Aave founder Stani Kulechov has responded to reports suggesting Kraken's parent company Payward is interested in acquiring a 15% stake in the Aave protocol, stating that AAVE is "not going to be sold at a 70% discount."Prior reports from CoinDesk indicated that Payward was in talks to acquire a 15% stake in Aave at a valuation of $385 million. If calculated at this valuation, it would represent only approximately 30% of AAVE's fully diluted valuation, significantly below the market valuation.In a post on X, Kulechov stated that the relevant reports were not entirely accurate. He did not completely deny the possibility of Aave Labs selling a portion of its held AAVE tokens, but noted that Aave Labs does have a certain allocation of AAVE, and that multiple market participants have discussed purchasing either directly or indirectly, or engaging in deeper collaboration centered around long-term partnerships.Aave is the largest decentralized lending protocol on the Ethereum ecosystem. Kulechov stated that Aave currently generates an annualized revenue of approximately $134 million, with the relevant revenue flowing to the Aave DAO. He has also previously proposed a governance plan to redirect revenue from Aave Labs, the protocol, and its products to the Aave DAO and token holders.These rumors emerge at a time when Aave is experiencing certain pressures. Following the Kelp DAO incident in April, Aave's TVL saw a significant decline. Although Aave itself was not directly attacked, the KelpDAO cross-chain bridge attacker utilized Aave to convert the stolen rsETH into other assets.
Radiant Capital Announces Shutdown, Unable to Recover from $50 Million Hack
According to The Block, the DeFi lending protocol Radiant Capital has announced it will officially cease operations. The protocol suffered a hack in October 2024, losing approximately $51 million; the attacker gained unauthorized access by deploying backdoor contracts on Arbitrum and BNB Chain. Earlier in 2024, the protocol had also been hit by a flash loan attack, resulting in a loss of roughly 1,900 ETH (approximately $4.5 million). After 18 months of recovery efforts, Radiant Capital stated that it has neither recovered a significant portion of the stolen funds nor secured new financing, declaring that “the DAO has no viable path forward.” The protocol will now enter a “maintenance mode”: its frontend and smart contracts remain accessible, allowing users to withdraw funds, repay loans, and manage positions. Any funds recovered in the future will be returned to affected users.
Pyth DAO Approves "100% Rule": All Future Product Revenue to Be Used for Open Market PYTH Buybacks
oracle network Pyth Network has released its Q3 business report, stating that as of the end of September, its active annual recurring revenue (ARR) reached $11.49 million, up 86.5% from the previous quarter, with net new ARR of $5.33 million in Q3.On the exchange side, the trading volume of real-world asset (RWA) perpetual contract markets powered by Pyth data reached $2.09 trillion in Q3, accounting for 94.1% of the total volume in related markets. In prediction markets, Pyth has provided data support for platforms such as Kalshi and Polymarket. Among them, Kalshi listed Pyth as the data source provider for its gold and silver perpetual contract markets in relevant regulatory filings. In the AI sector, Pyth is testing financial data infrastructure for AI agents with Exa, providing real-time prices, historical data, and candlestick data to enable AI systems to incorporate market information into analysis and decision-making.Additionally, Pyth DAO approved the "100% Rule," under which all future revenue the DAO receives from Pyth products will be used for open market buybacks of PYTH tokens. Compared to the previous practice of using only one-third of non-PYTH asset balances for buybacks, the allocation ratio has been increased threefold.
Arbitrum Activates ArbOS 61 Elara Upgrade, Introducing Optional Compliance Filtering and Priority Fee Support for Dedicated Chains
According to The Defiant, Arbitrum officially activated the ArbOS 61 Elara upgrade on August 20, which was approved for deployment via an ArbitrumDAO governance vote. The core features of this upgrade include: introducing an optional protocol-level transaction filtering mechanism for Dedicated Chains, allowing chain owners to independently select external compliance service providers such as TRM Labs and Chainalysis to configure restricted address rules; the filter is disabled by default and does not affect existing Arbitrum One users; adding Priority Fee support, also disabled by default, with its activation on Arbitrum One still requiring a separate DAO constitutional vote; introducing the BaseFeeManager contract, which authorizes Offchain Labs to adjust the L2 minimum Gas fee within a DAO-approved range of 0.01 to 0.10 gwei over a two-year authorization period; additionally, the maximum code size limit for Stylus contracts has been increased from 24 KB to 96 KB, though this does not apply to Solidity contracts.
Andre Cronje: DeFi No Longer Exists, Only On-Chain Finance Remains
Odaily News: Andre Cronje, founder of DeFi platform Flying Tulip and creator of Fantom Network, stated that most DeFi protocols are no longer truly decentralized, with only a few niche areas still qualifying as DeFi. He believes DeFi has evolved into "on-chain finance" or "open finance." He pointed out that true DeFi should possess characteristics such as decentralization, immutability, and the absence of intermediaries, whereas the intermediaries in most current protocols have become corporations, taking on traditional financial institution roles such as decision-makers and risk committees. Cronje noted that this does not mean true DeFi has completely disappeared, as some protocols are still innovating. Data from DefiLlama shows that the total value locked (TVL) in DeFi has dropped from $167 billion in early October 2025 to $75 billion at the time of the original report over the past 10 months, a decline of more than half. In a working paper published in March, the European Central Bank (ECB) analyzed Aave, MakerDAO, Ampleforth, and Uniswap, finding that based on holding snapshots from November 2022 and May 2023, the top 100 addresses holding governance tokens in these protocols each controlled over 80% of the token supply. The ECB consequently questioned the level of decentralization of these DAOs and whether they should continue to be regarded as "fully decentralized" services exempt from the Markets in Crypto-Assets Regulation (MiCA). (Cointelegraph)
ENS DAO Passes Proposal to Officially Establish Foundation, Strengthening Decentralized Domain Ecosystem Governance
Odaily News ENS DAO has voted to pass the "Next Era of ENS DAO" proposal and completed on-chain execution, officially establishing the ENS Foundation to usher the ENS ecosystem into a new phase of governance.According to the proposal, the ENS Foundation will become a fully operational organization, equipped with a full-time executive director, a professional team, and a board of directors consisting of 5 members. It will be responsible for ENS's institutional work in legal, policy, standards-setting, and brand protection. ENS stated that over the past nearly decade, it has developed into critical infrastructure within the Ethereum ecosystem, with millions of registered domain names and integration across numerous wallets, applications, and Layer 2 networks. However, the DAO itself lacks a legal entity status, which prevents it from effectively participating in internet naming system governance, signing institutional cooperation agreements, hiring full-time employees, safeguarding trademark rights, or engaging in regulatory discussions. The establishment of the ENS Foundation aims to fill this gap. Going forward, the Foundation will be responsible for:1. Representing ENS in internet standards organizations such as ICANN, IETF, and W3C, to promote the recognition and management of the ".ens" top-level domain (TLD);2. Participating in policy discussions as a legal entity, communicating with regulators and government agencies;3. Holding and protecting ENS trademarks and intellectual property, and combating phishing and impersonation activities;4. Hiring full-time employees to manage ecosystem operations, grant programs, and treasury management;5. Serving as the formal cooperation entity between traditional institutions such as registrars and standards organizations and the ENS ecosystem.
JustLend DAO's fourth repurchase and burn completed, JST cumulative deflation exceeds 17%
Odaily News on July 20th, according to official sources, JustLend DAO, a core project in the TRON ecosystem, has completed four consecutive rounds of efficient repurchase and burn plans. Over 17% of the total supply of $JST has been permanently removed from circulation, marking another milestone in the deflationary process. All funds for this round were raised in compliance with previously approved community mechanisms, with full transparency on-chain, and the burn data can be verified at any time. As a cornerstone of the TRON DeFi ecosystem, JustLend DAO will continue to optimize its repurchase and burn mechanism, driving the ongoing deflation of the token economic model as the market evolves, building a more stable long-term value expectation for JST holders.
Specter Reveals Clues to BONK DAO Governance Attack: Realms Founder's Fund Flow Suspectedly Linked to Attacker
Odaily, on-chain security firm Specter has released preliminary findings on the BONK DAO governance attack. After tracing on-chain fund flows, significant suspicions have emerged: the Realms founder, an address associated with Crypto Notte, shows signs of capital flow interaction with the suspected attacker's wallet.According to the review, the attacker published a malicious governance proposal on June 30. The proposal required 1% of the total BONK circulating supply in voting power to pass. Between July 4 and 5, the attacker acquired sufficient voting weight by purchasing tokens through exchanges and borrowing from Marginfi, totaling approximately $4 million, thereby pushing forward and executing the governance attack.
ZachXBT: Stolen funds from Binance and Bitget flow into the same address, suspected work of the same hacker
ZachXBT stated that approximately 45 minutes ago, the stolen funds from the $6.3 billion Binance hack and the $388 million Bitget hack were transferred via THORChain and pooled into a single on-chain address. This flow of funds indicates that both incidents may have been carried out by the same attacker. ZachXBT pointed out that the Bitget attack was previously attributed to the North Korea-affiliated hacker group TraiderTraitor, which is also connected to earlier attacks, including those on Kelp DAO.
ZachXBT: Stolen funds from Binance and Bitget hacks flowed into the same address, likely the work of the same attacker
Odaily reports: On-chain detective ZachXBT posted on X that approximately 45 minutes ago, stolen funds from the $6.3 billion Binance security incident and the $388 million Bitget security incident flowed through THORChain into the same address and were mixed, indicating that both incidents were likely carried out by the same attacker.ZachXBT noted that the Bitget attack had previously been attributed to the North Korea-linked hacking group TraiderTraitor, which has also been linked to other security incidents such as Kelp DAO.
74.56 million ARB transferred to Kelp DAO Hacker-tagged address; Binance hot wallet hacker suspected to be part of the same group as the Kelp DAO attacker
Odaily — According to on-chain analyst Aunt Ai, 30 minutes ago, the Binance hot wallet hacker transferred all 74.56 million ARB to address 0x000...0DA0. Arkham has tagged this address as Kelp DAO Hacker, and these tokens have not yet been moved or sold. Kelp DAO suffered an attack on April 18 this year, losing approximately $292 million in rsETH, and at the time the community speculated that the attacker was the North Korean hacker group Lazarus Group.
JustLend DAO completes its fifth $JST buyback and burn, destroying over 170 million tokens
JustLend DAO has announced that, following the formal approval of the JST buyback and burn proposal by the community, it successfully completed its fifth round of $JST buyback and burn on October 16, 2026 (SGT). A total of 170,723,144 JST tokens were burned in this round, with all assets transferred to black hole addresses, and all transactions are verifiable on-chain. This buyback and burn represents a crucial step in JustLend DAO’s continued implementation of its deflationary mechanism and enforcement of community governance resolutions. By reducing the circulating supply of JST, it further bolsters the token’s value backing and the long-term sustainability of the ecosystem. The entire process, from community proposal to on-chain execution, was conducted with full transparency, providing a verifiable governance precedent for the sustained rollout of future buyback and burn mechanisms.
Gnosis Safe Wallet Hacked, $7.8M Worth of rsETH Stolen
According to CoinDesk, a Gnosis Safe wallet on Ethereum was attacked, with approximately 2,900 rsETH (valued at around $7.8 million) transferred. Security firms BlockSec, Blockaid, and SlowMist pointed out that the root cause of the attack lies in an authorization check flaw within the wallet-approved Multicall contract—the contract is intended to verify caller permissions, but the vulnerability allows anyone to bypass validation simply by targeting the contract itself. The attacker subsequently moved the rsETH into a liquidity pool based on the valueless token "Permissionless Attacker Token." An automated bot named "yoink" paid approximately $47,000 to frontrun the transaction, transferring 2,882 rsETH to a separate address. rsETH issuer Kelp DAO stated that its smart contracts are secure and rsETH is fully collateralized, and has implemented a 24-hour pause measure on the relevant addresses.
Balancer Co-Founder Proposes Phasing Out the Protocol, Says v3 Revenue Growth Fell Short of Expectations
Odaily Report: Balancer Labs co-founder Marcus Hardt posted on X that he has proposed a governance proposal to gradually shut down Balancer. Balancer had previously completed a restructuring, including halting token emissions, transferring all protocol fees to the DAO, cutting the operational budget by one-third, and reducing the team from approximately 25 people to 12.5 full-time equivalents.Marcus stated that the restructuring was completed on the cost side as planned, but revenue performance fell short of expectations. Currently, most of Balancer's protocol revenue still comes from v2, and v3 revenue has not grown enough to replace v2. Previous security incidents have also continued to affect partners' willingness to adopt v3. Marcus said he can no longer see a funded path that could change the situation, and continuing to burn through treasury funds is not reasonable. Therefore, he has proposed gradually shutting down Balancer and will not lead efforts to develop a plan for continued operations. The Balancer code will remain open source, and other teams can fork it and continue development. The relevant proposal has been submitted to the governance forum, and the final decision still rests with token holders.
Synthetix Recovers 8.4 Million SNX from Binance Hack
According to The Defiant, Synthetix's protocol DAO has recovered 8.4 million SNX tokens stolen in the Binance hack. These tokens are currently securely stored in its Safe and will be returned upon Binance's request.
ZachXBT: Stolen funds from Binance and Bitget flow into the same address, suspected work of the same hacker
ZachXBT stated that approximately 45 minutes ago, the stolen funds from the $6.3 billion Binance hack and the $388 million Bitget hack were transferred via THORChain and pooled into a single on-chain address. This flow of funds indicates that both incidents may have been carried out by the same attacker. ZachXBT pointed out that the Bitget attack was previously attributed to the North Korea-affiliated hacker group TraiderTraitor, which is also connected to earlier attacks, including those on Kelp DAO.
ZachXBT: Stolen funds from Binance and Bitget hacks flowed into the same address, likely the work of the same attacker
Odaily reports: On-chain detective ZachXBT posted on X that approximately 45 minutes ago, stolen funds from the $6.3 billion Binance security incident and the $388 million Bitget security incident flowed through THORChain into the same address and were mixed, indicating that both incidents were likely carried out by the same attacker.ZachXBT noted that the Bitget attack had previously been attributed to the North Korea-linked hacking group TraiderTraitor, which has also been linked to other security incidents such as Kelp DAO.
74.56 million ARB transferred to Kelp DAO Hacker-tagged address; Binance hot wallet hacker suspected to be part of the same group as the Kelp DAO attacker
Odaily — According to on-chain analyst Aunt Ai, 30 minutes ago, the Binance hot wallet hacker transferred all 74.56 million ARB to address 0x000...0DA0. Arkham has tagged this address as Kelp DAO Hacker, and these tokens have not yet been moved or sold. Kelp DAO suffered an attack on April 18 this year, losing approximately $292 million in rsETH, and at the time the community speculated that the attacker was the North Korean hacker group Lazarus Group.
Hifi Finance Suffers Governance Takeover by DAO, Approximately $1 Million in User Collateral Drained
According to on-chain researcher Spreek, DeFi protocol Hifi Finance suffered a DAO governance takeover. The attacker gained control through four last-minute votes funded by Tornado Cash, subsequently minted 25 million governance tokens, and drained user collateral assets worth approximately $1 million, most of which were RWA tokens.
Swell DAO's swETH and rswETH management keys are suspected to have been leaked, and attackers have deployed 4 malicious upgrade contracts.
According to security researcher Spreek (@spreekaway), the administrative keys for swETH and rswETH under Swell DAO appear to have been compromised. Attackers are inflating the NAV (Net Asset Value) without asset backing by up to 1% per hour. Four malicious upgrade contracts have been deployed and are queued for multisig execution; if executed, they could result in the theft of approximately 2,500 ETH. Furthermore, analysis by ADL (@ADLXBT) indicates that the management keys control proxy administrator permissions. Once seized by attackers, these keys could allow the redirection of swETH/rswETH proxies to malicious implementation contracts, triggering minting or withdrawal functions to artificially inflate the NAV without corresponding asset backing. Spreek noted that any connection between this incident and the Railway platform remains speculative, with only a coincidental timeline observed and no concrete evidence available. The incident report he published was generated by Claude, and certain portions remain unverified.
Scroll Plans to Transition to Permissioned Network, Intends to Migrate SCR and USX to Ethereum Mainnet
Ethereum Layer 2 network Scroll published a summary of its DAO monthly meeting on October 30, further disclosing its network transformation plan, which intends to adjust the existing network into a permissioned network and migrate SCR and USX to the Ethereum mainnet. Scroll stated that detailed proposals will subsequently be submitted for governance review of the related transition arrangements.To support the transition, Scroll is preparing to help users review their existing positions and safely transfer or withdraw assets during the network transformation. In addition, Scroll's AI application Compass has launched a paid subscription service on iOS, while the Android version and more fiat payment methods are still under development, and the Compass API is also expanding support for different AI models.
Over $500,000 in left-behind assets discovered before shutdown; Balancer has notified relevant institutions to claim
Odaily reports: Balancer has announced that during an inventory of DAO assets, it discovered over $500,000 in assets and unclaimed rewards left in the protocol by external users and institutions, involving institutions such as Ethena and Gauntlet. Some liquidity assets in Balancer v3 use Vault internal accounting and cannot be displayed properly on block explorers or asset management tools such as DeBank; in addition, some users still have unclaimed rewards after withdrawing liquidity from v2. Balancer has notified the relevant asset owners, and some institutions have begun withdrawals. Previously, the Balancer community approved a proposal to gradually wind down the protocol's operations, and some pools will switch to withdrawal-only mode on October 30.
JUST Releases JST 2026 Q3 and October Key Progress Report, Buyback Mechanism Shifts to Continuous Revenue Basis
JUST has published an open letter to JST holders and released the key progress report for JST 2026 Q3 and October. The letter highlights that cumulative buybacks and burns across five rounds have totaled 1,881,973,007 JST, representing 19.01% of the initial maximum supply, with approximately $118.15 million invested in buybacks and burns. In October, JUST DAO upgraded the JST buyback and burn mechanism, shifting to a model supported by sustained ecosystem revenue. Starting in Q4 2026, the project plans to allocate approximately $20.34 million in excess funds toward buybacks over four installments, while maintaining a treasury safety reserve of at least $50 million. The report also indicates that JustLend’s quarter-end TVL remained above $7 billion, and GasFree processed approximately 21.24 million transactions in Q3. As buyback funding transitions from historical revenue reserves to ongoing ecosystem income, JST’s deflationary trajectory and ecosystem growth are increasingly aligning.
JST Buyback and Burn Mechanism Upgraded, JUST DAO Unifies Governance and Establishes $50 Million Reserve Fund
JUST has announced an upgrade to the JST buyback and burn mechanism. Following the completion of the fifth round of buybacks and burns, the mechanism officially enters a new phase: at the governance level, decision-making will be centralized under the JUST DAO, which will also establish a reserve fund of at least $50 million for risk mitigation, emergency redemptions, and liquidity support to enhance the mechanism's resilience and execution stability. At the buyback level, operations will now be executed based on the JUST ecosystem's quarterly sustainable revenue, establishing a standardized routine of ongoing buybacks and periodic burns that more tightly aligns the buyback volume with the ecosystem's actual revenue.
Aave Livestream: Coinbase Tokenized Stocks Go Live on V4, Aavenomics 3.0 Will Resume AAVE Buybacks
During Aave's official quarterly live stream on X on October 22, Aave founder Stani Kulechov stated that Aavenomics 3.0 will be launched soon, which includes AAVE buyback, staking, and burning mechanisms, with repurchases set to resume. Additionally, seven of Coinbase's tokenized stocks have been listed on Aave V4 Equities Hub on the Base network and can be used as collateral to borrow USDC. Currently, it is only accessible to eligible non-US users. Initial deposits at launch were approximately $9.6 million. In terms of Q3 data, the DAO generated revenue of approximately $18.9 million and net profits of around $4 million. Total deposits grew by 41% to reach approximately $33.6 billion, while active loans increased by 32% to about $13.2 billion.
Swell DAO's swETH and rswETH management keys are suspected to have been leaked, and attackers have deployed 4 malicious upgrade contracts.
According to security researcher Spreek (@spreekaway), the administrative keys for swETH and rswETH under Swell DAO appear to have been compromised. Attackers are inflating the NAV (Net Asset Value) without asset backing by up to 1% per hour. Four malicious upgrade contracts have been deployed and are queued for multisig execution; if executed, they could result in the theft of approximately 2,500 ETH. Furthermore, analysis by ADL (@ADLXBT) indicates that the management keys control proxy administrator permissions. Once seized by attackers, these keys could allow the redirection of swETH/rswETH proxies to malicious implementation contracts, triggering minting or withdrawal functions to artificially inflate the NAV without corresponding asset backing. Spreek noted that any connection between this incident and the Railway platform remains speculative, with only a coincidental timeline observed and no concrete evidence available. The incident report he published was generated by Claude, and certain portions remain unverified.
Related news
Scroll Plans to Transition to Permissioned Network, Intends to Migrate SCR and USX to Ethereum Mainnet
Ethereum Layer 2 network Scroll published a summary of its DAO monthly meeting on October 30, further disclosing its network transformation plan, which intends to adjust the existing network into a permissioned network and migrate SCR and USX to the Ethereum mainnet. Scroll stated that detailed proposals will subsequently be submitted for governance review of the related transition arrangements.To support the transition, Scroll is preparing to help users review their existing positions and safely transfer or withdraw assets during the network transformation. In addition, Scroll's AI application Compass has launched a paid subscription service on iOS, while the Android version and more fiat payment methods are still under development, and the Compass API is also expanding support for different AI models.
Synthetix Recovers 8.4 Million SNX from Binance Hack
According to The Defiant, Synthetix's protocol DAO has recovered 8.4 million SNX tokens stolen in the Binance hack. These tokens are currently securely stored in its Safe and will be returned upon Binance's request.
ZachXBT: Stolen funds from Binance and Bitget flow into the same address, suspected work of the same hacker
ZachXBT stated that approximately 45 minutes ago, the stolen funds from the $6.3 billion Binance hack and the $388 million Bitget hack were transferred via THORChain and pooled into a single on-chain address. This flow of funds indicates that both incidents may have been carried out by the same attacker. ZachXBT pointed out that the Bitget attack was previously attributed to the North Korea-affiliated hacker group TraiderTraitor, which is also connected to earlier attacks, including those on Kelp DAO.
ZachXBT: Stolen funds from Binance and Bitget hacks flowed into the same address, likely the work of the same attacker
Odaily reports: On-chain detective ZachXBT posted on X that approximately 45 minutes ago, stolen funds from the $6.3 billion Binance security incident and the $388 million Bitget security incident flowed through THORChain into the same address and were mixed, indicating that both incidents were likely carried out by the same attacker.ZachXBT noted that the Bitget attack had previously been attributed to the North Korea-linked hacking group TraiderTraitor, which has also been linked to other security incidents such as Kelp DAO.
74.56 million ARB transferred to Kelp DAO Hacker-tagged address; Binance hot wallet hacker suspected to be part of the same group as the Kelp DAO attacker
Odaily — According to on-chain analyst Aunt Ai, 30 minutes ago, the Binance hot wallet hacker transferred all 74.56 million ARB to address 0x000...0DA0. Arkham has tagged this address as Kelp DAO Hacker, and these tokens have not yet been moved or sold. Kelp DAO suffered an attack on April 18 this year, losing approximately $292 million in rsETH, and at the time the community speculated that the attacker was the North Korean hacker group Lazarus Group.
Aave: Will continue to monitor the situation and unfreeze DAO operational markets as soon as possible
Aave posted on X stating that it will continue to monitor the situation and unfreeze all previously frozen DAO operational markets on V3 and V4 as soon as possible.