News linked to both this project and an event.
Cantor highlighted Coinbase, Robinhood, and Strategy, expecting share prices to rebound once the panic subsides; TD Cowen believes this incident exposes Binance's own security vulnerabilities, while Compass Point stated that its liquidity is sufficient to cover the losses.
Odaily report: Analysts from three Wall Street firms—Cantor Fitzgerald, TD Cowen, and Compass Point—all believe that despite Binance suffering an approximately $6.3 billion hack, there is currently insufficient evidence to suggest the incident will threaten the broader crypto market, and the market's prior recovery trend is unlikely to be interrupted as a result.Cantor Fitzgerald analyst Ramsey El-Assal noted that Tether has frozen over $1.5 billion in stolen assets, Circle has frozen approximately $800 million, and Ripple has frozen about $200 million, with Binance stating that the total frozen stolen funds currently amount to roughly $3 billion. He believes the crypto industry is gradually improving its ability to respond to such security incidents and expects crypto-related stocks such as Coinbase, Robinhood, and Strategy to rebound once market panic subsides, recommending that investors buy on the dip.TD Cowen analyst Lance Vitanza believes the attack exposed security weaknesses in Binance's own transaction signing infrastructure rather than flaws in the underlying technology of cryptocurrencies like Bitcoin, and that the market sell-off may present an opportunity to accumulate Bitcoin and shares of listed companies holding Bitcoin.Compass Point analysts believe Binance has sufficient liquidity to cover the funding gap, and expect its excess USDT reserves, BTC reserves, and USDC funds to be adequate to absorb the losses. However, the firm also warned that Binance compensating customers could put pressure on stablecoin supply and may drive users to migrate from centralized exchanges to competing platforms such as Coinbase, Bullish, and Hyperliquid. (CoinDesk)
Robinhood CEO Vlad Tenev stated that his X account was compromised last week. Attackers deceived X customer support through social engineering tactics, bypassing security measures such as two-factor authentication and login alerts, and posted false content related to meme coins. Subsequently, the X security team assisted in swiftly removing the relevant posts and restored account access on the same day.
According to The Block, Robinhood CEO Vlad Tenev's X account was hacked at approximately 17:24 UTC on July 23. Hackers posted claiming to launch "Vladhood ($VLAD)" as the "official mascot of Robinhood Chain," and attached a contract address. The Robinhood Chain blockchain explorer has labeled the token as a "potential scam," and the token has generated approximately 1,868 transactions since deployment. Robinhood officially confirmed later that the account was compromised, the relevant posts have been deleted, and the company is working with the X platform to restore account access.
Odaily Planet Daily reported that Onchain Lens stated on the X platform that Robinhood CEO Vlad Tenev's X account was hacked.
Robinhood Chain launchpad Pons has officially responded to earlier reports about a token authorization vulnerability in its front end, stating that the Pons launchpad trading page does not have any Multicall3 functionality. The Multicall3 feature mentioned in the tweet originated from the previous Debank Chain old version bridge and was released before the Pons launchpad, thus it does not affect launchpad users. It is currently confirmed that only 0.60 NOXA tokens, valued at approximately $0.66, are affected.As a security precaution, Pons recommends that users who previously used the old version bridge revoke token authorizations via revoke.cash. The team is currently working with audit firms to investigate potential risks and has stated that Pons' front-end services will be restored after confirming the absence of any actual vulnerabilities.
Michael, Chief Business Officer of Token Pocket, stated on platform X that Robinhood founder's seed phrase was leaked during a live stream. After gaining control of the address, the hacker used it and associated addresses to heavily purchase the Meme token $1, prompting thousands of investors to follow suit. In a short time, the token's market cap quickly surged from approximately $500,000 to $14 million.Subsequently, the price of the $1 token dropped sharply, with two-hour trading volume reaching around $20 million. After the address was frozen, the hacker quickly moved to the BNB Chain, using the address and its associated addresses to issue a new token. They created trading activity through tactics like wash trading, ultimately dumping the tokens for profit.Currently, Robinhood's RPC has frozen the address, and the node does not allow transactions originating from this address to be packaged, making transfers, purchases, or sales impossible.
According to Cointelegraph, Robinhood users have recently fallen victim to a phishing attack. Attackers exploited Gmail’s feature of ignoring periods (“.”) in email usernames, along with a vulnerability in Robinhood’s account creation process, to register accounts with email addresses highly similar to those of their targets. This enabled them to trick Robinhood’s official email server into delivering spoofed alert emails containing phishing links directly to victims’ inboxes. Cybersecurity researcher Alex Eckelberry noted that these emails pass SPF, DKIM, and DMARC authentication checks and thus appear to originate from Robinhood’s official domain. Robinhood stated that this incident does not involve any breach of its systems or customer accounts, and user funds and personal information remain unaffected. However, the company urges users to delete such emails and avoid clicking any suspicious links.