Evening News ｜Solana wallets widely hacked, over 7,000 addresses affected; over $9 million of stolen Nomad funds have been returned
The public chain Sui incentive testnet is now open for registration, with each testnet "wave" rewarding 2000 SUI; GitHub has suffered a large-scale malware attack, affecting over 35,000 code repositories.Organizer: AChai, Chain Catcher
"What Important Events Happened in the Last 24 Hours"
1. Large-scale theft of Solana wallets, suspected to be related to the supply chain
Since this morning, Solana ecosystem wallets have been reported to have suffered large-scale theft, with many users reporting that their funds were depleted without their knowledge. Solana Status posted on social media stating that a vulnerability allowed malicious actors to steal funds from multiple Solana wallets. As of 5 AM UTC (1 PM Beijing time), approximately 7,767 wallets were affected. The vulnerability impacted multiple wallets, including Slope and Phantom, with both mobile wallets and plugin wallets seemingly affected. Shortly after, Solana Status tweeted a user survey form to confirm the root cause of the attack.
Solana Labs co-founder @aeyakovenko, Avalanche professor Emin Gün Sirer, and Slow Mist Security speculated that this attack may be related to the supply chain. However, as of the time of publication, the true cause of the attack has not yet been determined by any parties involved. (Source link)
2. Github suffers large-scale malware attack, affecting over 35,000 code repositories
Software engineer Stephen Lacy posted on social media that he discovered Github was undergoing a large-scale malware attack, affecting over 35,000 code repositories across areas including Crypto, Golang, Python, js, bash, Docker, and k8s.
The malware was found to be added to npm scripts, Docker images, and installation documentation. Stephen Lacy warned that this attack could leak various keys from the attacked parties to the attackers and advised users to use GPG to sign all submissions. (Source link)
3. Public chain Sui incentive testnet registration now open, with 2000 SUI reward for each testnet "wave"
The public chain Sui announced that registration for the incentive testnet is now open. The Sui Foundation will reward 2000 SUI for each testnet "wave" that validators participate in; it will also commit to providing up to 10% of the supply of SUI to the best-performing validators who continue to participate in the Sui mainnet. (Source link)
4. PeckShield: Approximately $9 million of stolen Nomad funds have been returned
Cross-chain solution Nomad posted on Twitter this afternoon to explain the return of stolen funds: white hat hackers are requested to send the funds to the only official fund recovery wallet address on Ethereum: 0x94A84433101A10aEda762968f6995c574D1bF154.
PeckShield stated on its Twitter that as of 4:57 PM Beijing time, approximately $9 million of stolen Nomad funds have been detected as returned to the fund recovery address provided by Nomad. (Source link)
5. Data: NFT secondary market trading volume in July was $650 million, down 25% month-on-month
Data from NFT aggregation site CryptoSlam shows that the trading volume of the NFT secondary market in July was $650 million, a 25% decrease month-on-month. NFT sales have remained below $1 billion for two consecutive months, after reaching a peak of $4.7 billion in January. In terms of the number of buyers, the number of unique buyers in the NFT secondary market in July was 532,000, a 7% decrease month-on-month, but still higher than the same month last year.
Yuga Labs' projects continued to dominate the bestseller list in July, with Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and CryptoPunks all ranking in the top five, while Otherdeed ranked fourth this month with a trading value exceeding $30 million. (forkast)
6. IP platform builder MarqVision completes $20 million Series A funding, with participation from Y Combinator and others
Chain Catcher reports that AI-driven intellectual property (IP) protection platform builder MarqVision announced yesterday that it has raised $20 million in Series A funding, co-led by DST Global Partners and Atinum Investment, with participation from SoftBank Ventures, Bass Investment, and Y Combinator.
Founded in 2020 by graduates of Harvard Law School and MIT, MarqVision was initially incubated at Y Combinator. The company has developed AI and machine learning technologies that can remove counterfeit products from over 1,500 global online marketplaces, covering e-commerce, social media, and NFT platforms.
It is reported that MarqVision will use this funding in the coming months to expand its services to cover all aspects of IP creation, management, protection, and monetization through a new IP operating system. Part of the funds will also be used to establish a new business in Paris, where many of the company's clients are European luxury brands. Previously, in September 2021, MarqVision raised $5 million in seed funding. (nftgators)
8. Sorare's NFT trading volume exceeds $7 million in a week, second only to BAYC
Chain Catcher reports that the NFT trading volume of Ethereum fantasy football game Sorare exceeded $7 million (approximately 4,430 ETH) in the past 7 days. According to CryptoSlam data, it currently ranks second in NFT market trading volume, only behind BAYC.
This is the result of Sorare announcing a multi-year partnership with AC Milan. Chain Catcher previously reported that Sorare announced a multi-year partnership with AC Milan Football Club on July 25, and will release NFT cards for the 2021 and 2022 Serie A champions later this summer. (nftgators)
9. Solana-based NFT trading platform Magic Eden has now expanded to Ethereum
Chain Catcher reports that the Solana-based NFT trading platform Magic Eden has now expanded to Ethereum, offering its popular minting toolkit, whitelist tools, and marketing support. Magic Eden raised $130 million in Series A funding at a valuation of $1.6 billion at the end of June. (Coindesk)
"What Interesting Articles Are Worth Reading in the Last 24 Hours"
Billionaire entrepreneur Sam Bankman-Fried (with a fortune of approximately $11.5 billion) has taken on a new identity: the white knight of the crypto space. Amidst the "crypto winter" where Bitcoin and various assets are collapsing, SBF is seizing the opportunity to buy time for his startup. On his way to New York, SBF gave an interview to Fortune magazine, discussing his investments, the future path of cryptocurrency, and his ultimate goals for FTX.
2. The Future of MEV: Exploring the Final State of MEV in Different Crypto Economic Systems
The "struggle" surrounding MEV—its extraction, beneficiaries, and mitigations—is a perfect microcosm of how competitive forces shape the essence of crypto economic networks, continuously driving the development of superior technologies. For example, consider how the complexity of transaction execution directly drives the development of different blockchain architectures and protocols designed to capture more value for users by internalizing profits that should have gone to the leaders. Similarly, the generally adversarial nature of crypto economic systems, with their permissionless and open nature, allows any capable operator to extract value from flaws, forcing these systems to prioritize security and robustness from the outset.
3. Top-level domains are being snatched up, does ENS still have a chance?
In the more than five years since its launch, ENS has evolved from initially resolving Ethereum addresses to becoming a business card in the Web3 world. With the adoption of ENS and the transformation of Web3, it is highly likely to become the .com top-level domain in Web3.
If you have only started paying attention to ENS domains in recent months, you will find that most of the domain names you think of have already been registered. A few months ago, after I began bulk importing names from the Fortune 500, combinations of three and four digits, and the top 2,000 most popular common names and surnames, I found that there were very few "missed opportunities." So what chance does ENS have for newcomers?
In the early hours of today Beijing time, Solana was reported to have experienced a large-scale security incident. As of the time of publication, nearly 8,000 wallets have been affected, and the identity of the hacker remains unknown, with the vulnerability still unclear. Wallets on Solana continue to be compromised. It can be said that this theft incident is currently the most extensive security incident affecting the crypto industry. Despite the involvement of several well-known developers and engineers in the industry, the cause of the theft has yet to be investigated, making it quite mysterious. This article will update the latest developments regarding Solana in reverse chronological order, so please stay tuned.
