ChainCatcher news, according to Cointelegraph, the stablecoin project USDKG supported by the Kyrgyzstan government announced the advancement of its fiatization process, which adopts a dual-anchor mechanism of gold reserves and the US dollar. William Campbell, the head of advisors, revealed to Cointelegraph that although this stablecoin is backed by physical gold, it chooses to anchor the exchange rate to the US dollar (1:1), aiming to meet the needs of daily payments and international trade. The gold reserves will be audited every six months by one of the Big Four accounting firms and publicly disclosed on-chain.The Kyrgyzstan government is actively laying out its Web3 strategy through legislative reforms and tax reductions, with 140 crypto enterprises already registered. As a key component of the national digital economy development, USDKG is supported by government-provided gold reserves, but its operational management is independently executed by private entities. The project team stated that in the future, it will integrate DeFi lending and yield farming functions to compete with traditional stablecoins like USDT through differentiated trust endorsements.USDKG plans to officially launch in the next quarter, allowing users to verify gold reserves through on-chain audit reports. Kyrgyzstan is gradually building a Central Asian digital asset hub by lowering tax rates for crypto enterprises and establishing a clear regulatory framework.

ChainCatcher message, Cetus officially released a report on the theft incident stating that on May 22, Cetus encountered a sophisticated smart contract attack targeting the CLMM liquidity pool. Cetus took immediate measures to mitigate the impact.The attacker exploited an undiscovered vulnerability in an open-source library, lowering the pool price to build positions in the high-price area, and utilized an overflow check flaw to inject inflated liquidity with very few tokens. Subsequently, they repeatedly executed liquidity removal operations to extract assets from the pool, continuously exploiting unverified calculation functions to carry out the attack, ultimately successfully stealing funds.To jointly maintain the maximum interests of the entire ecosystem, with the support of most Sui validator nodes, Cetus urgently froze two Sui wallet addresses of the attacker, which contained the majority of the stolen funds. The remaining stolen funds have been exchanged by the hacker and cross-chain transferred to the Ethereum mainnet.Cetus is collaborating with the Sui security team and several auditing firms to re-examine the contracts and conduct a multi-party joint audit to ensure the safe restoration of CLMM services after verification is completed. At the same time, Cetus will strengthen on-chain monitoring, initiate additional audits, and regularly publish security reports. To compensate affected LPs, Cetus is working with ecosystem partners to develop a recovery plan and is calling on Sui validators to support on-chain voting to expedite the return of user assets and rebuild confidence. While legal proceedings continue, Cetus is also providing the attacker with a white hat return opportunity. Cetus will soon issue a final ultimatum to them. Any updates will be transparently communicated to the community by Cetus.

ChainCatcher news, according to Cointelegraph, Cardano founder Charles Hoskinson has denied allegations of misappropriating $600 million worth of ADA tokens.Hoskinson stated that he feels "deeply hurt" by these accusations and promised that Cardano will release an audit report to address community concerns.

ChainCatcher message, Loopscale has released an update on the hacking incident on platform X, disclosing that the withdrawal logic and vulnerability patches have been audited by the security company Sec3 and an independent auditor. The Vault withdrawal function will be reopened to all users at 10:00 AM Eastern Time tomorrow, and the incident analysis report will also be published. To maintain the stability of the protocol, a temporary 24-hour withdrawal limit is expected to be implemented for each user.

ChainCatcher news, according to official sources, the AI-driven trading protocol COPX.AI has announced the successful completion of a comprehensive security audit conducted by the Web3 security auditing firm CertiK.It is reported that this audit covered the core smart contracts of COPX.AI, including token distribution, linear release mechanisms, and trading mining logic, ensuring their security and functional integrity. The COPX.AI team stated that this audit further enhances the protocol's transparency and security, and they will continue to optimize the smart contracts and explore more decentralized governance solutions in the future.

ChainCatcher news, according to official sources, Tether has announced that its gold tokenization product Tether Gold (XAUT) is now compliant in El Salvador and has released the first official audit report of XAUT that meets the new regulatory framework.The report states that each XAUT token is backed by 1:1 physical gold, which is securely stored in a dedicated vault within a world-class facility in Switzerland, with the circulating XAUT tokens backed by over 7.7 tons of physical gold.

ChainCatcher news, according to official information, KiloEx announced that its partner SlowMist has prepared two audit plans:Complete audit by SlowMist before KiloEx goes live again: This audit is expected to take about 45 days to ensure comprehensive security guarantees.Preliminary permission audit by SlowMist: SlowMist will first audit the permission mechanism of the protocol to prevent similar attack incidents from occurring. KiloEx will decide whether to go live again based on the results of the preliminary permission audit, and then SlowMist will continue with a comprehensive audit of the protocol logic and economic model. The required time is still being assessed, but it will be significantly shorter than 45 days.KiloEx understands the community's urgent feelings about going live again, so it has decided to choose plan two—starting with the initial permission audit. Once the audit results are out, KiloEx will announce the timeline for going live again as soon as possible.

ChainCatcher message, in response to the community's concerns about the security of EIP-7702, Ethereum co-founder Vitalik Buterin stated on Warpcast that the correct usage should be "to delegate permissions to a contract that has been thoroughly reviewed by a wallet team and the Ethereum community," and that contract should implement its logic in a secure manner.

ChainCatcher news, according to Eleanor Terrett, White House officials revealed that federal agencies must report their cryptocurrency holdings to Treasury Secretary Scott Bessent by tomorrow (April 7, Eastern Time). However, the executive order only requires the report to be submitted to Bessent and does not mandate the public disclosure of the audit results. It is currently unclear whether this information will be made public or when it might be.

ChainCatcher news, Sun Yuchen stated in his live broadcast that he has called for FDT to hire a third-party auditing firm for an audit, "I believe the audit results will show that FDT is in a state of insolvency."

ChainCatcher news, according to Reuters, the world's largest stablecoin issuer Tether is in talks with one of the Big Four accounting firms to advance its long-promised reserve audit.Tether has issued over $140 billion worth of dollar-pegged cryptocurrency, and the company claims that each token is backed by dollar-denominated assets. Currently, it only releases quarterly reports and has not completed a full audit.Tether CEO Paolo Ardoino did not disclose the specific firm or timeline for the audit, stating, "This (audit) is our top priority."Earlier this month, Tether appointed Simon McWilliams as Chief Financial Officer to oversee the comprehensive financial audit.At the same time, Tether is also continuously enhancing reserve transparency, purchasing over $33.1 billion in U.S. Treasury bonds in 2024, becoming the seventh-largest buyer of U.S. Treasury bonds.

ChainCatcher news, Bybit CEO Ben Zhou responded to the concerns regarding the Launchpool project OIK token dump: "The budget for OIK's launchpool activity was a total of 10 million tokens provided by the project party, of which 3.3 million have been distributed, with over 90,000 users participating in the activity. The launchpool is still ongoing and will conclude on March 19, with 5.7 million tokens yet to be distributed.Bybit has never sold off activity budgets for profit; such market manipulation has serious legal consequences, and the budget is all in hot wallets, which can be audited by any regulatory authority. Currently, it appears that there are indeed large holders selling OIK in the market, and the compliance department is investigating the specific details. In the future, we are considering allowing the community to have a more direct view of our budget situation by using independent wallets to receive project budgets, enabling the community to see everything transparently."It is reported that previously some community users raised concerns: "It is inferred that Bybit is using its own Launchpool as a cash machine. The TGE of SpaceNation, which has been built for a year, was a failure. However, over the past three days, the community has gone from outrage to resentment to questioning and investigation, and has collected some evidence. A community sold less than 5% of the project, yet the project party absorbed an abnormal circulation volume within 30 minutes of the opening."

ChainCatcher news, according to Bloomberg, a senior White House official stated today before an industry summit that the first step after establishing a strategic Bitcoin reserve and other digital asset reserves for the United States will be to audit how much cryptocurrency the government holds.The official mentioned that after the Silk Road exchange was shut down, the U.S. once held about 400,000 Bitcoin tokens, with approximately half of that amount sold off. According to Arkham's data, the U.S. currently holds about $17.5 billion in Bitcoin and approximately $40 million in several other tokens in its known digital wallets.

ChainCatcher news, according to official news, Tether has appointed Simon McWilliams as Chief Financial Officer, responsible for financial auditing.McWilliams has over 20 years of experience leading large investment management firms through rigorous audits and will be responsible for advancing Tether's commitment to further enhance transparency and regulatory compliance.

ChainCatcher message, Safe states that the Safe{Wallet} team has been working with Mandiant over the past few days to conduct a comprehensive forensic investigation and security audit regarding the Bybit hacking incident. Safe emphasizes that its team is committed to transparency. Mandiant's preliminary report results will be published next week.

ChainCatcher news, according to official sources, the Ethereum Foundation has released the audit results of the Pectra system contract and disclosed that all relevant or significant issues identified during the review have been resolved. The Pectra system contract includes multiple EIPs (EIP-2935, EIP-7002, and EIP-7251), and the audit was primarily aimed at:Assessing potential attack vectors in the contract.Ensuring that the contract logic accurately implements the expected functionality according to EIP specifications.The Ethereum Foundation also stated that a bug bounty competition is currently being held on Cantina, with rewards for vulnerabilities related to Pectra reaching up to $2,000,000.

ChainCatcher news, Jup iter founder Meow published a long article outlining the future development plan and long-term strategy for the JUP token. Meow proposed the "GOAT framework" (Governance, Transparency, Organic, Collaboration) as the core and announced three key initiatives:First, an independent auditing agency will be commissioned to conduct a comprehensive audit of the founders, treasury, and tokens, with all results to be publicly disclosed on the new official website jup.com to enhance transparency. Second, the establishment of the "Litterbox Trust Fund," committing to inject 50% of the protocol's revenue into this fund over the next two years for strategic accumulation of JUP. Finally, Meow proposed the 2030 Incentive Plan, voluntarily using 280 million JUP held personally for new team incentives, and promised not to claim any tokens before 2030, with the final eligibility for a 500 million JUP reward entirely dependent on community voting results regarding his performance.Jup iter also disclosed three major business pillars: the aggregation trading platform Jup.ag, the community ecosystem Jup iverse, and the cross-chain network Jup net, emphasizing that the token mechanism will bind the long-term interests of ecosystem participants. Meow stated that these series of initiatives aim to demonstrate the team's determination to advance together with the community, breaking the inertia of short-term profit-seeking in the crypto industry, and fully committed to building "the future value network belonging to Jup iverse." Currently, the relevant proposals have been submitted for DAO discussion, and final implementation requires community voting approval.

ChainCatcher news, Bybit CEO Ben Zhou stated that the Bybit exchange has fully replenished the previous Ethereum reserve gap, and a new Proof of Reserve (POR) audit report will be released soon.

ChainCatcher news, according to Bitcoin News, U.S. Senator Rand Paul is calling for a comprehensive audit of the U.S. Mint's gold reserves, including physical inspections. He also requested to personally inspect Fort Knox and other vaults with his staff.

ChainCatcher news, according to The Block, Copper's research director Fadi Aboualfa stated that Trump's plan to audit the Fort Knox gold reserves may trigger a comprehensive review of gold holdings or prompt investors to turn to Bitcoin. If gold ETFs cannot verify their full backing, they may trade at a discount, leading to a loss of global liquidity.Aboualfa pointed out that as U.S. banks transfer gold from London to New York, delivery delays are worsening, and there may be a price dislocation between the spot market and unallocated gold ETFs. Given that the paper gold market is 133 times the size of the physical supply, this situation could lead to global liquidity disturbances and impact the Bitcoin market.