News linked to both this project and an event.
According to Bitcoin.com, U.S. Senator Cynthia Lummis is pushing hard for the CLARITY Act to complete Senate voting before Congress adjourns. Section 303 of the bill grants the Treasury Department the authority to impose targeted digital asset sanctions on foreign jurisdictions, while Section 305 allows exchanges to freeze suspicious transactions for up to 180 days. On-chain data shows that North Korea's Lazarus Group stole approximately $643 million in the first half of 2026, accounting for two-thirds of the total global crypto theft during the same period ($972 million), including a $285 million attack on Drift Protocol in April and a $292 million attack on the KelpDAO cross-chain bridge. The group's cumulative theft amount has reached $6.75 billion since 2019. Currently, Galaxy Research has lowered the probability of the CLARITY Act passing within 2026 to 30%. The bill still requires 60 votes to advance, meaning at least 7 Democratic senators need to vote across party lines in support.
According to Cointelegraph, Singapore stablecoin payment company Triple-A confirmed its treasury wallet was accessed without authorization, with on-chain investigator Specter estimating losses at approximately $11.8 million. The company stated that customer funds are held in separate trust accounts and were not affected by this incident, and the relevant losses will be covered by the company's own financial reserves. Triple-A has currently restored all services and is collaborating with cybersecurity experts, blockchain forensic agencies, and the Singapore Police Force to investigate and track the stolen assets.
Treasury Secretary Scott Bessent posted on the X platform, expressing support for open-source AI and the innovation it brings, but emphasized that open-source is not an excuse for arbitrarily infringing upon U.S. intellectual property rights. If Chinese companies conduct covert, industrial-scale refinement attacks that cross the line into intellectual property theft, consideration will be given to imposing sanctions and placing them on the entity list.
According to EmberCN monitoring, the address that previously drained the BONK treasury via a governance attack transferred another 400 billion BONK (approximately $1.19 million) to Coinbase 20 minutes ago. This address spent approximately $4.4 million 10 days ago to purchase sufficient BONK tokens to reach the governance voting approval threshold, subsequently initiated a governance proposal and forced it through, transferring 4.426 trillion BONK valued at approximately $21.2 million from the BONK treasury.
Odaily Odaily News According to MAX monitoring, on July 16, the Cascade CLS treasury suspectedly experienced a security vulnerability, resulting in approximately $1.3 million in user fund losses. The platform has suspended all trading and withdrawals and has invited SEAL 911 and other third-party security teams to investigate and handle the incident. Cascade is a 24/7 multi-asset perpetual contract platform headquartered in New York, targeting the US market. It supports deposits via Arbitrum USDC or bank accounts and is currently still in an invitation-only private testing phase.
the Major County Sheriffs of America (MCSA), in a letter to U.S. Senate Banking Committee Chairman Tim Scott and Senator Elizabeth Warren, stated that after some of its concerns regarding Section 604 of the bill were addressed, it has shifted its stance on the CLARITY Act to "neutral." Section 604, concerning the Blockchain Regulatory Certainty Act, aims to protect developers from liability for illegal activities conducted by users on their decentralized platforms. The MCSA had previously stated that Section 604 could provide loopholes for criminals to exploit, making it more difficult for law enforcement to investigate crypto-related crimes. The MCSA indicated that it still hopes the CLARITY Act will amend Section 309 to include state law enforcement agencies. This section requires the U.S. Treasury Department to study decentralized finance and illicit finance risks. (Cointelegraph).
Altura released a community update stating that redemptions remain suspended to ensure equal treatment for all AVLT holders, and will only be reopened collectively once treasury assets have been fully recovered, credited, reconciled, and independently verified. The team confirmed that no security incident has occurred and no assets have been lost.
U.S. House bipartisan lawmakers introduced a bill on Thursday to establish a cross-agency federal cryptocurrency theft task force under the leadership of the Attorney General, aimed at coordinating and leading investigations into cryptocurrency theft, fraud, and hacker attacks.The bill is jointly sponsored by Republican Representative Lance Gooden of the House Judiciary Committee and Democratic Representative Josh Gottheimer of the House Financial Services Committee. The task force will include multiple federal agencies such as the Department of Justice, the Federal Bureau of Investigation, the Department of Homeland Security, and the Department of the Treasury, aiming to address the $11 billion theft and fraud issues caused last year and provide victims with a unified federal response mechanism. (coindesk)
: U.S. Treasury Secretary Bessent stated on the X platform that the Iranian regime will lose the zero-sum game it is currently engaged in. Any damage it causes to Gulf allies will be compensated with funds withdrawn from Iranian accounts; any toll fees paid to the Strait of Persia Authority will be offset with funds withdrawn from its accounts; every attack launched by Iran will only deepen the economic, social, and financial consequences it faces.
Odaily, Cypherpunk, the company managing the ZEC treasury, stated that all software has vulnerabilities. Historically, Bitcoin once "over-minted" 184 billion BTC due to a bug. However, this does not mean abandoning blockchain technology; rather, security should be enhanced through formal verification and provable correctness.Cypherpunk emphasized that with the development of AI technology, vulnerability detection will become faster and broader, but the key lies in who can discover issues before malicious actors. Zcash will demonstrate this capability through an upcoming update.
Cypherpunk, the ZEC treasury company, responded on X to the market volatility of the ZEC token, stating that all software contains vulnerabilities and citing the historical Bitcoin incident in which a bug led to the accidental minting of 184 billion BTC. However, this does not mean blockchain technology should be abandoned; instead, security should be enhanced through formal verification and provable correctness.
Odaily Odaily, THORChain posted on platform X that its developers have released an incident update on Discord. Current evidence points to a node thor16uc...cn84q, which recently joined the network, as being associated with the attack. This node is operated by a single malicious actor. The primary hypothesis is that the attacker exploited a vulnerability in the GG20 TSS implementation, causing sensitive key material of vault participants to leak over time. This ultimately enabled the reconstruction of the vault's private key and the execution of unauthorized outgoing transactions.Regarding network status, the network has been paused after multiple node operators executed `make pause`. RUNE transfers and on-chain observation may resume within approximately 12 hours, but transactions, LP operations, signing, and other sensitive operations remain paused.Discussed recovery plans include slashing the affected node's bond, covering losses with protocol-owned liquidity (POL), or other community-driven solutions. THORSec and Outrider Analytics are continuing their investigation. The Treasury is gathering forensic data and coordinating with relevant law enforcement agencies. Full functional recovery is expected to take several days or longer.
the deliberation of the "Cryptocurrency Market Structure Act" (i.e., the CLARITY Act) has commenced in the U.S. Senate Banking Committee. As of now:1. An amendment proposed by Senator Mike Rounds to create an AI regulatory sandbox was passed with 15 votes in favor and 9 against, indicating some bipartisan support, despite Senator Elizabeth Warren urging Democratic members to vote against it.2. An amendment proposed by Elizabeth Warren, aimed at "preventing high-risk assets from entering retirement accounts," was rejected with 11 votes in favor and 13 against.3. An amendment previously proposed by Senator Katie Britt of Alabama, which would have allowed certain retirement accounts to invest in pooled investment vehicles, was withdrawn before the vote.It is reported that one of the most contentious amendments comes from Elizabeth Warren, concerning the strengthening of sanctions authority over cryptocurrency mixers. In her remarks, she referenced the U.S.-sanctioned mixing protocol Tornado Cash, stating it has been used to launder over $7 billion for criminal organizations and North Korean hacker groups, including over $450 million in related funds. Warren argued that the current bill does not grant the U.S. Treasury Department sufficient legal authority to isolate or restrict mixer services, potentially creating loopholes in anti-money laundering oversight. In response, Cynthia Lummis countered that the illegal financial activities are already covered in Parts Two and Three of the bill.
According to Blockaid’s monitoring, Ink Finance’s Workspace Treasury Proxy on Polygon was exploited minutes ago, involving approximately $140,000.
Odaily News On the 10th local time, sources indicated the key points of Iran's response to the U.S., which include a demand for the U.S. Treasury Department's Office of Foreign Assets Control to lift sanctions related to Iran's oil sales within 30 days.The sources stated that the U.S. disclosure of Iran's response was inaccurate in some important aspects, particularly regarding nuclear issues. Iran's response emphasized the need to reach an agreement through political understanding, immediately end the war, ensure no further attacks against Iran, and that the U.S. must lift sanctions. Additionally, Iran's response also addressed changes in its control over the Strait of Hormuz if the U.S. fulfills certain commitments.The sources said that Iran stressed that after signing a preliminary understanding agreement, the U.S. must immediately lift the naval blockade on Iran and remove sanctions on Iran's oil sales within 30 days. Iran's response also included the U.S. unfreezing Iranian assets based on a preliminary understanding between the two sides, and the U.S. implementing certain measures within 30 days. (CCTV News)
The Mantle community has approved proposal MIP-34, authorizing the Mantle Treasury to extend a loan of up to 30,000 ETH to the Aave DAO to address the non-performing loan impact on Aave V3 resulting from the rsETH cross-chain bridge security incident on April 18, 2026. Per the proposal, the loan term is up to 36 months, with an annual interest rate of LIDO + 1%; the borrower may repay early without penalty. Regarding risk control, Mantle will hold a first-priority security interest in the relevant collateral assets. Additionally, Aave will provide supplementary collateral comprising no less than $11 million worth of AAVE tokens and protocol revenue, and delegate 130,000 AAVE tokens to Mantle for governance participation.
North Korea has denied allegations of its involvement in cryptocurrency theft, calling the claims "absurd slander" and a "political tool." The statement, issued by state-run media, emphasized that necessary measures will be taken to safeguard national interests. However, data from blockchain analytics firm TRM Labs shows that in the first four months of 2026, hacker groups linked to North Korea have stolen approximately $577 million, accounting for about 76% of global crypto theft losses during the same period. This includes two major attacks on KelpDAO (approximately $292 million) and Drift Protocol (approximately $285 million).TRM pointed out that the attacks are primarily associated with the Lazarus Group and its sub-organizations. Since 2017, the cumulative scale of crypto theft linked to North Korea has exceeded $6 billion.U.S. and international agencies widely believe that such funds are used to support military and missile programs. Meanwhile, the U.S. Treasury Department has recently imposed sanctions on relevant individuals and entities, targeting approximately $800 million in illicit fund flows in 2024. (The Block)
Officials from the Bank of England, the Financial Conduct Authority, and the Treasury are consulting with the National Cyber Security Centre to examine potential vulnerabilities in critical IT systems revealed by Anthropic’s latest model.