Scan to download
BTC $79,076.59 -2.94%
ETH $2,222.05 -3.32%
BNB $672.78 -1.04%
XRP $1.43 -5.11%
SOL $89.27 -3.84%
TRX $0.3517 -0.88%
DOGE $0.1129 -2.65%
ADA $0.2605 -4.56%
BCH $424.76 -2.99%
LINK $10.02 -5.48%
HYPE $44.50 +1.39%
AAVE $92.67 -7.10%
SUI $1.09 -8.88%
XLM $0.1543 -6.60%
ZEC $517.54 -3.79%
BTC $79,076.59 -2.94%
ETH $2,222.05 -3.32%
BNB $672.78 -1.04%
XRP $1.43 -5.11%
SOL $89.27 -3.84%
TRX $0.3517 -0.88%
DOGE $0.1129 -2.65%
ADA $0.2605 -4.56%
BCH $424.76 -2.99%
LINK $10.02 -5.48%
HYPE $44.50 +1.39%
AAVE $92.67 -7.10%
SUI $1.09 -8.88%
XLM $0.1543 -6.60%
ZEC $517.54 -3.79%

libra

LayerZero has been reported to have used multi-signature wallets to trade Meme coins, and the default library contract upgrade mechanism poses risks

According to market news, LayerZero Labs co-founder and CEO Bryan Pellegrino had a heated debate with security researchers today in the ETHSecurity Community Telegram group. The core controversy includes: since LayerZero Labs can immediately upgrade a default library contract without a time limit to forge messages (similar to the case where rsETH was hacked), the LZ OFT, valued at over $3 billion, is recently at risk of being stolen; researcher Banteg pointed out that mainstream projects like Ethena and EtherFi were still using this default library contract weeks ago, and currently, there is still $178 million worth exposed to risk, with these funds coming from projects that are still using the default library.On-chain data shows that LayerZero Labs multi-signature signers participated in non-multi-signature activities such as meme coin trading, DEX exchanges, and cross-chain bridging, which means that the multi-signature keys in the formal environment were connected to websites, increasing phishing risks. Regarding the multi-signature signers of LayerZero using production environment keys for trading activities, Bryan confirmed that the related transactions were completed by members of the multi-signature team, but denied that it was "meme coin trading," explaining it as "testing PEPE on the LZ OFT token standard," and stated that the involved member has been removed. Bryan also suggested that project parties "directly fix configurations" instead of using default configurations to reduce risks. Banteg subsequently tagged a long list of LayerZero users still using the default library contract, pointing out that these projects should migrate to fixed configurations as soon as possible.

The Argentine congressional committee accused President Milei of being involved in the $LIBRA cryptocurrency scam

According to The Block, the Argentine Congressional Investigation Committee has released a final report accusing President Javier Milei of providing key cooperation in the $LIBRA cryptocurrency collapse and suggesting that Congress evaluate whether it constitutes misconduct.The report shows that Milei promoted the $LIBRA token on his personal social media accounts, after which 8 wallets associated with the Libra team cashed out $107 million, resulting in losses for 114,410 investor wallets. This 200-page report is titled "$LIBRA is Not an Isolated Incident" and reveals a series of systemic issues. The investigation found that the Milei government also promoted a cryptocurrency called the KIP protocol, which experienced a liquidity pool being drained after its launch in December 2024.The committee believes this indicates the government's intention to bypass regulatory bodies such as the National Securities Commission (CNV). Currently, Milei and Libra founders, including American entrepreneur Hayden Davis, are facing judicial investigations in Argentina and a class-action lawsuit filed by Burwick Law in New York. Milei has denied any wrongdoing and disbanded the special investigative task force established by his office in May, after a judge had previously ordered the Argentine Central Bank to unfreeze the bank accounts of the president and his sister, Karina Milei.

An Argentine judge has ordered the freezing of assets related to the Meme coin LIBRA supported by President Milei

According to Cryptopolitan, Argentine judge Marcelo Giorgi has ordered the freezing of assets related to the scandal involving the meme coin LIBRA, supported by President Milei. An indefinite "prohibition order" has been imposed on the property and financial assets of Hayden Davis and two cryptocurrency operators (Argentinian Orlando Mellino and Colombian Favio Rodriguez). The cryptocurrency wallets of these two operators have shown suspicious activity and are currently under judicial review.Federal prosecutor Eduardo Taino requested this measure, supported by a technical report from departments related to financial investigations and illegal asset recovery, which recommended filing charges against the three individuals. The judge determined that the case met the criteria for reasonable suspicion and risk of delay, approving the asset preservation request, resulting in investor losses of approximately $100 million to $120 million.The judge emphasized that the prohibition order is only valid for a strictly necessary period and ordered notification to the National Securities Commission, expanding the scope of the asset freeze to all relevant platforms within Argentina. Additionally, the prosecution found that 42 minutes after Milei tweeted a selfie with Davis, Davis transferred $507,500 via Bitget, and these transfers may constitute indirect bribery.
app_icon
ChainCatcher Building the Web3 world with innovations.