News linked to both this project and an event.
On-chain investigator ZachXBT stated that JuCoin, an East Asian centralized exchange, has recently been reported by multiple users to have experienced abnormal withdrawal issues over the past week. Analysis indicates that in its Proof of Reserves published on X, JuCoin self-reported total reserves of approximately $511 million—most of which consist of USDC and USDT issued on its proprietary blockchain, JuChain—leaving the actual backing unclear.
According to official announcements, Berachain has unveiled the roadmap for the next phase of its Proof-of-Liquidity (PoL) evolution. Berachain notes that most blockchains treat tokens like faucets—value flows out with little returning, and while blockchains bear the economic costs of operation, they fail to profit from them. Berachain aims to break this cycle through PoL Next—ensuring every dollar emitted compounds as yield for $BERA holders.
According to on-chain analyst Yujin (@EmberCN), after Bitmine acquired 100,000 ETH at noon today, it deposited an additional 75,600 ETH into Ethereum’s Proof-of-Stake (PoS) system for staking—valued at approximately $176 million. Bitmine’s total staked ETH currently stands at roughly 3.471 million ETH, representing about 70% of its total ETH holdings of 4.976 million ETH.
According to BlockSec Phalcon, the HandlerV1 contract managed by Hyperbridge on the Ethereum network was found to contain a Merkle Mountain Range (MMR) proof replay vulnerability, resulting in approximately $242,000 in losses. The vulnerability stems from the lack of binding between proofs and requests, enabling attackers to replay historical valid proofs alongside newly forged requests to perform malicious actions—such as altering administrator privileges. In the specific incident, the attacker changed the Polkadot (DOT) token administrator and then exploited those privileges to mint additional DOT tokens for profit. Observed attack transactions include: changing the DOT token administrator and minting new tokens (losses of ~$237,400), changing the ARGN token administrator and minting new tokens (losses of ~$3,800), and host withdrawal operations. The vulnerability was discovered by PhalconSecurity and analyzed via PhalconExplorer. Previously, the Hyperbridge gateway contract was attacked, leading to the unauthorized minting and subsequent dumping of 1 billion DOT tokens on Ethereum.