Magic Eden Flaw Suspected After Whitehat Moves 3,832 NFTs
The NFTs are reported safe, but their movement from hundreds of wallets puts wallet security and the vulnerability's scope in focus.
Market-moving crypto headlines from the last 24 hours.
The NFTs are reported safe, but their movement from hundreds of wallets puts wallet security and the vulnerability's scope in focus.
A broad risk-on rotation is lifting speculative tokens even as traders absorb a $351.6M exchange hack and derivatives activity cools.
The rescue secured NFTs worth more than $5.7 million, but about 660 WETH was not recovered in time and similar vulnerabilities affect two processor versions.
The reassurance comes as withdrawals resume could test whether customers trust the exchange's ability to withstand losses and a potential run.
Ethereum ETFs also posted net inflows, putting both major spot crypto ETF categories on consecutive-day inflow runs.
The $351.6M breach remains under investigation, and frozen or recovered assets could reduce the eventual loss. Withdrawals stay suspended until security checks are complete.
The dispute puts bridge security design and LayerZero’s alleged assurances under scrutiny, as KelpDAO says users have withdrawn more than $650M since the attack.
The swing puts U.S. spot funds back in the black for the year, though their $800M net inflow remains far below the totals recorded in 2024 and 2025.
The April 22 attack drained 116,500 rsETH and helped trigger a $20B DeFi deposit exodus, putting bridge security and accountability under scrutiny.
The transfer puts a sizable HYPE balance on an exchange, where it could be sold, but a deposit alone does not confirm a sale.
Card purchases and every other Payy Network transaction are halted, while the company has disclosed neither customer losses nor a restart timetable.
Bitget says its $464M User Protection Fund covers the reported loss, but withdrawals remain frozen as investigators examine the attack and an unconfirmed North Korea link.
The lawsuit puts bridge security and responsibility for the exploit at the center of a dispute involving LayerZero and its co-founder.
The British Columbia claim puts LayerZero’s role in the bridge security failure at the center of a dispute over one of crypto’s largest reported exploits.
The tokens offer exposure to diversified baskets, not ownership in BlackRock funds, and only eligible non-US investors can redeem directly with Ondo.
Bitget says its $464M-plus protection fund covers the loss, but withdrawals remain paused while the exchange reviews security and works to confirm a restart timeline.
The attribution, if confirmed, would put a major exchange breach in the spotlight of state-linked cybercrime and raise fresh questions about stolen-fund recovery.
A withdrawal of this size puts exchange-held ETH liquidity and institutional wallet activity back in focus, while its market impact depends on whether the coins stay off exchanges.
Bitget says its user protection fund exceeds $464 million, a reserve it says is sufficient to cover the loss after the hot-wallet transfers.
The all-stock transaction would add SEC-registered infrastructure and $9B in transaction experience to MoonPay’s push into securities tokenization.