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BTC $70,590.14 -4.24%
ETH $1,986.41 -1.16%
BNB $689.21 -2.33%
XRP $1.28 -3.78%
SOL $80.29 -2.81%
TRX $0.3426 -2.15%
DOGE $0.1003 -0.58%
ADA $0.2265 -4.00%
BCH $290.39 -3.74%
LINK $8.92 -2.62%
HYPE $74.25 +2.66%
AAVE $78.67 -4.71%
SUI $0.8656 -3.15%
XLM $0.2373 -11.95%
ZEC $551.64 -5.23%

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The cross-chain network Everclear has announced the closure of its project operations, and the protocol and frontend have ceased to operate

The cross-chain network Everclear officially announced on social media that it has decided to end the operations of the Everclear Foundation and Labs, and to stop product development. Currently, the protocol has been shut down, and the Everclear UI and chain have ceased operation. The team stated that the remaining TVL in the protocol has been fully withdrawn, and to their knowledge, no user funds are trapped.Regarding the reasons for the shutdown, Everclear stated that although the monthly trading volume had previously reached $500 million, the team failed to establish sufficient commercial depth and convert it into effective revenue due to users' high price sensitivity in the cross-chain solver field. Additionally, the team exhausted its funds (runway) during the transition to a B2B2C model over the past six months, and several acquisition proposals explored were also unsuccessful.For future arrangements, Everclear is conducting an orderly liquidation to address outstanding debts. The team stated that if there are remaining funds after the debts are settled, they will explore repurchasing existing tokens, with a potential total repurchase amount estimated between $50,000 and $200,000, but this has not yet been finalized. Furthermore, the foundation is considering open-sourcing the protocol's intellectual property (IP) to give the DAO the option to continue advancing work under new management; currently, the DAO itself is still operational.

Safe: The developer's machine was compromised, leading to the theft of Bybit; there are no vulnerabilities in the contract and frontend code

ChainCatcher news, Safe responded on platform X to Bybit's hacking forensic report, stating that the forensic review of the targeted attack by the Lazarus Group on Bybit concluded that the attack on Bybit Safe was executed through compromised Safe{Wallet} developer machines, leading to disguised malicious transactions.Lazarus is a government-backed North Korean hacking organization known for its complex social engineering attacks on developer credentials, sometimes combined with zero-day vulnerabilities. The forensic review by external security researchers did not indicate any vulnerabilities in the Safe smart contracts or the source code of the front end and services.Following the recent incident, the Safe{Wallet} team conducted a thorough investigation and has now phased the restoration of Safe{Wallet} on the Ethereum mainnet. The Safe{Wallet} team has completely rebuilt and reconfigured all infrastructure and rotated all credentials to ensure the complete elimination of the attack vector.After the final results of the investigation are released, the Safe{Wallet} team will publish a complete post-mortem analysis. The Safe{Wallet} front end is still operational and has implemented additional security measures. However, users need to be extra cautious and vigilant when signing transactions.
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