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According to the Times of India, the Gujarat police have arrested two suspects involved in cryptocurrency-related cybercrime, with the network allegedly trading over 226 million rupees. Investigators claim that the network is linked to terrorist financing, global drug trafficking, and dark web financial activities.Officials stated that this arrest is part of an ongoing investigation into the use of cryptocurrency channels for terrorist financing. Previously, 10 suspects had already been arrested during the investigation. The two latest suspects are accused of using the KYC information of a man named Sabbir Ali Sarani to create a Binance wallet and receiving 5,000 USDT through layered transactions.

The revenue agreement PiggyBank issued a statement acknowledging a serious error in the LAB token basis trading that took place last month. PiggyBank disclosed that the team previously purchased locked LAB tokens at a low price through OTC channels for about $100,000 (accounting for approximately 2% of the portfolio) and simultaneously shorted perpetual contracts for hedging.However, during the holding period, LAB encountered severe market manipulation, liquidity depletion, and deeply negative funding rates, leading to excessively high hedging costs. The team ultimately chose to close the short position to limit downside risk. Based on current prices, the total value of the locked LAB position is $1.35 million. However, due to the lack of liquidity in this position, PiggyBank will exclude it from the net asset value calculation until the first unlock on August 14.Although the situation is still changing and there is still potential for considerable returns, this is the "fairest and most transparent" way for users to manage liquidity. Therefore, today's net asset value will show a decline of approximately 15% in the USDC treasury, about 12% in SPYx, and about 9% in JitoSOL. A detailed report will be released next week, including follow-up processing plans. On-chain investigator ZachXBT previously publicly questioned PiggyBank, accusing it of insider control over more than 95% of the supply.

Helius CEO mert tweeted that the news regarding the Zcash network outage is inaccurate, and the network is not down. Some browser applications connected to faulty nodes, which caused the browsers to display errors, but the network is functioning perfectly fine.Previously, it was reported that the Zcash network is currently in a stalled state, with no blocks produced in the past 4 hours.

The Hyperliquid ecosystem project Ventuals posted on X: "We have noticed that about an hour ago, there was an incident in our SPACEX market. One of the off-chain data providers, which is a component of the oracle price, returned erroneous data, causing severe fluctuations in the oracle price and mark price of that market, which in turn triggered the liquidation of some users' positions.We have taken immediate measures to prevent similar situations from occurring in any Pre-IPO market and are assessing the impact of this incident on affected users to formulate an appropriate compensation plan. Affected users will receive compensation within the next 48 hours.According to previous news from ChainCatcher, the SPACEX-USDH perpetual contract on Hyperliquid experienced a 45% flash crash last night."

Jocy@IOSGVC, founding partner of IOSG Ventures, posted on platform X stating that rumors regarding IOSG Ventures depositing UNI and COMP to Binance are false. The related wallet is not an IOSG address, and the Arkham platform has marked the tags "IOSG Ventures" and "Binance Deposit Change Address" with question marks, indicating they are unverified.IOSG has not held or sold any UNI or COMP positions recently.

Keone Hon, co-founder of Monad, posted on platform X stating that the Monad account was frozen without any warning, and he speculates that it was due to a system error. Monad has not engaged in any abnormal operations or violations of API usage. They have currently contacted the support team of platform X through various channels and expect the account to be restored soon.

WLFI CEO Zach Witkoff posted on the X platform in response to a recent article circulating on the X platform, written by someone claiming to be a "WLFI Web3 Ambassador," which raised questions about WLFI. Upon verification, it was found that the author is not a member of the WLFI team and has no affiliation with WLFI.Zach Witkoff stated:The article conflates WLFI with the Trump Meme coin, which are completely unrelated;WLFI has no connection to "fight fight fight" or CIC CIC digital;WLFI's early holders bought in at prices of $0.015 and $0.05, and today's price is $0.08;WLFI does not primarily operate on "transaction fees"; the main product of WIFI is stablecoins, generating revenue through holding government bonds. WLFI's stablecoin is the second-largest compliant stablecoin calculated by trading volume and market capitalization.Zach Witkoff also replied, "One should conduct more thorough research before writing a long tweet."

According to TRM Labs, the Indonesian government has convicted three individuals of financing terrorism using cryptocurrency.Law enforcement connected the relevant wallet addresses to an ISIS-associated network through on-chain tracking, with one defendant transferring over 49,000 USDT to an overseas trading platform through 15 transactions. Although the individuals did not directly carry out attacks, they were identified as part of the logistical layer for terrorist financing. TRM stated that this could be one of the first anti-terror financing cases in Southeast Asia completed with blockchain evidence at its core.

According to The Block, a federal judge in Alabama has dismissed the lawsuit accusing Binance entities and Binance.US operator BAM Trading Services of funding terrorism, ruling that the plaintiff's complaint does not meet the basic standards for a federal complaint.The district judge noted in the order that the plaintiff's amended complaint is flawed both legally and factually, characterizing it as a typical "shotgun complaint"—mixing multiple defendants and plaintiffs without clearly associating specific allegations with particular parties.The lawsuit was filed by victims and families of the attacks by Hamas and the Palestinian Islamic Jihad, seeking damages under the Anti-Terrorism Act and other laws. The complaint exceeds 100 pages and contains hundreds of allegations but repeatedly groups the defendants together without specifying the particular actions each entity is alleged to have taken. The judge has given the plaintiffs until April 10 to submit a revised complaint and warned that failure to correct the deficiencies would result in the case being dismissed.

Binance officially stated that the federal courts in the Southern District of New York and the Northern District of Alabama dismissed lawsuits filed by hundreds of plaintiffs against Binance and its founder Changpeng Zhao related to anti-terrorism last week, reiterating the legal standards required for such serious allegations.Binance forwarded a public response from the Democratic side of the U.S. House Foreign Affairs Committee, which previously mentioned that Binance admitted to violating Iran sanctions and was involved in money laundering allegations in 2023, as well as that Trump had pardoned Changpeng Zhao. In the statement, Binance emphasized its commitment to complying with sanction laws and looks forward to cooperating with both parties.

Lido announced that Aave's CAPO oracle misquoted yesterday, leading to incorrect price boundaries for wstETH:USD in the AAVE market, which triggered liquidation events. There was no bad debt, and all affected users will be fully compensated.These erroneous price boundaries are unrelated to wstETH as the underlying asset and do not indicate any issues with the Lido protocol. The Lido Earn products, including stRATEGY and GGV, were not affected by this liquidation, and user funds remain secure.

U.S. District Judge Jeannette Vargas in Manhattan previously dismissed a civil lawsuit that sought to hold Binance and its founder CZ accountable, alleging that their trading activities aided terrorist organizations in carrying out global attacks. However, according to the ruling, the judge allowed the plaintiffs to submit an amended complaint within 60 days, supplementing more specific evidence of on-chain transactions and account associations.The plaintiffs had previously failed to demonstrate a direct connection between Binance's trading activities and specific attacks, such as key evidence regarding the flow of funds, wallet ownership, or transaction timing. The judge also criticized the plaintiffs' 891-page complaint as "clearly overly lengthy," thus failing to meet the relevant liability standards under the Anti-Terrorism Act.

A federal judge in Manhattan, Jeannette Vargas, dismissed a civil lawsuit that sought to hold Binance and its founder CZ accountable, accusing their trading activities of aiding terrorist organizations in carrying out global attacks.The judge found that the 535 plaintiffs (including victims and their families) failed to reasonably explain that the defendants "intentionally conspired with the terrorist attacks, participated in their execution, or ensured the success of the attacks through their actions." The plaintiffs alleged that the attacks occurred between 2017 and 2024 and were carried out by external terrorist organizations such as Hamas, Hezbollah, the Iranian Revolutionary Guard, ISIS, Kata'ib Hezbollah, the Palestinian Islamic Jihad, and Al-Qaeda, attempting to attribute hundreds of millions of dollars in cryptocurrency and transactions with Iranian users to Binance and CZ.The judge noted that while Binance and CZ may have some awareness of the potential for terrorist financing through the exchange, their relationship with terrorist organizations was limited to "their or their affiliates' accounts on Binance and trading in a fair manner." The judge also criticized the plaintiffs' 891-page, 3,189-paragraph complaint as "entirely unnecessary," but allowed for amendments. A Binance spokesperson stated, "The court correctly dismissed these baseless allegations. Binance strictly adheres to compliance requirements and has a zero-tolerance policy for illegal activities on the platform." CZ also mentioned that the plaintiffs were attempting to leverage Binance's acknowledgment in November 2023 of violating anti-money laundering and sanctions laws and paying a $4.32 billion penalty to seek triple damages.

HyperEVM's native non-custodial lending protocol HypurrFi stated on platform X that there is a "rounding error" vulnerability in versions prior to Aave V3 3.5. Under specific conditions, an attacker could extract underlying tokens by repeatedly executing supply/extract and borrow/repay loop operations.The affected markets are XAUT0 and UBTC in HypurrFi Pooled. Currently, user funds are not at risk. To ensure safety, related markets have suspended new supply and lending operations, while withdrawal and repayment functions remain operational, and other markets are running normally. HypurrFi added that it quickly identified the issue on-chain through its internal monitoring system and promptly froze the affected markets. They are also collaborating with other Aave deployers and security researchers to address the issue and have invited other Aave fork projects to reach out for more security information.

According to The Block, Bitwise Chief Investment Officer Matt Hougan pointed out that there may currently be structural valuation errors in crypto assets, primarily due to investors' "anchoring bias," which keeps them focused on old narratives while ignoring the reality that Wall Street is accelerating its shift towards on-chain infrastructure.Hougan emphasized that although the market size for tokenized assets is currently only about $20 billion, the vast scale of traditional financial markets indicates significant growth potential. He cited examples such as BlackRock launching a tokenized government bond fund, JPMorgan issuing deposit tokens on the Base network, and Apollo's tokenized credit fund, arguing that the lagging consensus narrative compared to actual developments provides investors with opportunities to achieve excess returns (Alpha). He suggested that investors should establish broad market exposure to navigate the ongoing structural changes in finance.

According to Decrypt, the DeFi lending protocol Moonwell has incurred approximately $1.78 million in bad debt due to an oracle configuration error.After enabling Chainlink's OEV wrapper contract through governance proposal MIP-X43, there was a severe misconfiguration of the price oracle for cbETH, which was once valued at only $1. On-chain trading bots and liquidators acted quickly, seizing cbETH collateral worth thousands of dollars by repaying a debt of about $1.This configuration error led to the liquidation of 1,096.317 cbETH, wiping out most or all of the collateral for many borrowers, leaving the protocol with a significant amount of bad debt. The Moonwell team immediately reduced the cbETH borrowing limit and supply cap to 0.01 upon discovery to limit further losses, but a spokesperson declined to comment further on the source of the error or the details of the vulnerability.

CyrusOne confirmed that its data center in Aurora, Illinois, experienced a market outage operated by the CME Group for over 10 hours due to human error.On-site staff and contractors failed to drain the cooling towers according to standard procedures before the arrival of low temperatures, ultimately leading to an overload of the cooling system and a rise in temperature. CyrusOne is jointly owned by KKR & Co. and Global Infrastructure Partners, and this incident has raised concerns about the reliability of financial market infrastructure. Previously, on November 28, trading in commodity futures at the CME Group was suspended.

According to Aster, during the period from 22:00 to 23:00 UTC, the platform experienced a deviation in the XAUUSDT market price due to an error in the gold price data source.It stated that this is a global error affecting multiple platforms, including Aster DEX, as well as price data websites like goldprice.org. The market has now returned to normal. All affected users will be fully compensated, with specific compensation details to be announced after confirmation.

According to an analysis report published by Cloudflare's official blog, the large-scale outage on November 18 was not caused by an external network attack, but rather by an erroneous configuration file generated after a database permission adjustment, which led to anomalies in the core proxy system. This triggered interruptions in multiple products, including CDN, security services, Workers KV, Turnstile, and Access, marking the most severe incident since 2019.The report noted that in the early stages of the incident, the team mistakenly assessed it as a DDoS attack, and ultimately completed the fix by rolling back to an old configuration file. The related services were fully restored at 01:06 AM Beijing time on November 19. Cloudflare described this outage as "unacceptable" and will accelerate the improvement of system resilience.

According to official news, Balancer has released a preliminary report on the vulnerability attack incident, indicating that the Balancer V2 composable stable pools were attacked on November 4 across multiple chains (including Ethereum, Base, Avalanche, Polygon, Arbitrum, etc.).The vulnerability originated from a rounding logic error in the EXACT_OUT transactions during batch exchanges, which the attacker exploited to manipulate the pool's balance and withdraw assets. This incident only affected Balancer V2's composable stable pools, while Balancer V3 and other pool types were not impacted. The Balancer team, along with security partners and white hat teams, acted swiftly by implementing measures such as automatic suspension through Hypernative, asset freezing, and white hat intervention under the SEAL framework, successfully curbing the spread of the attack and recovering some assets. Among them, StakeWise has recovered approximately 73.5% of the stolen osETH, and teams like BitFinding and Base MEV bot have also assisted in recovering some funds. Currently, Balancer is working with security partners such as SEAL and zeroShadow for cross-chain tracking and fund recovery, with the final verified losses and recovery data to be published in a complete technical review report. The official reminder to users is: obtain confirmation information only through Balancer's official channels; operations on V3 and non-stable pools remain safe.