gnosis

GnosisDAO approved the transformation of the blockchain network Gnosis Chain from an independent Layer 1 network to a zero-knowledge proof Ethereum Economic Zone (EEZ) Rollup. The network will eliminate the independent validator set and instead have Ethereum validators complete transaction settlements.The proposal received support from 123,158 GNO, 115 against, and 151 abstentions, with voting involving 54 participants and a total participation of 123,425 GNO, exceeding the quorum threshold of 75,000 GNO. The upgrade is tentatively planned to start at the end of 2026 or the beginning of 2027, depending on the readiness of EEZ technology.After the upgrade, Gnosis Chain's native smart contracts can call Ethereum in the same transaction and use the returned results, while also accessing Ethereum mainnet assets and liquidity. Gnosis Chain will become the first deployed EEZ instance and will retain existing applications, balances, and xDAI fuel tokens.

The long-established public chain Gnosis Chain's proposal GIP-153 to transform from a sovereign independent L1 to a highly aligned Ethereum L2 has officially been approved. On the eve of the voting deadline, several official affiliated addresses, including Gnosis co-founder StefanDGeorge, concentrated their votes in favor, successfully meeting the quorum requirement. This proposal was jointly initiated by Gnosis founder tw_tter and core members, aiming to free Gnosis Chain from the traditional PoS L1's insufficient security and inflation subsidy drawbacks, directly inheriting the security of Ethereum validators, and becoming the first to achieve synchronous composability as an Ethereum L2.

According to Onchain Lens monitoring, a wallet transferred 289,760 LINK (approximately 2.74 million USD) into its Gnosis Safe multi-signature wallet. These tokens were accumulated from Binance over the past month.

According to Onchain Lens monitoring, a certain whale transferred 213,810 LINK to Gnosis Safe.This whale withdrew the same amount of LINK from Binance two weeks ago, with a transfer value of approximately 1.87 million USD.

GnosisDAO is initiating a governance proposal GIP-152 on whether to split the Gnosis App into an independent company led by the original team. The proposal is now live on Snapshot, and voting will close on August 12 at 14:19 (UTC), with a required quorum of 75,000 votes to take effect. Community members can vote on whether to support the separation of the Gnosis App from the GnosisDAO ecosystem through Snapshot.The proposal outlines that GnosisDAO will invest $1.5 million in cash and inject a product and IP valued at $1 million, obtaining at least 25% equity through SAFE at a post-money valuation of $10 million, while completely separating the Gnosis App from Gnosis Ltd's annual budget of $3.1 million. The new company will focus on self-custody payments and card services, using the Circles protocol as its core, with 18 months of funding primarily allocated for the team, compliance operations, and customer acquisition, and will continue to drive on-chain and payment network usage through Gnosis Pay and Gnosis Chain. Current Snapshot voting results show that approximately 66% are in favor.

According to Onchain Lens monitoring, a certain whale has accumulated 387,830 LINK from Binance over the past 30 days, worth approximately 3.22 million USD.13 hours ago, the whale transferred all holdings to its Gnosis Safe wallet.

According to monitoring by Lookonchain, the Ethereum Foundation grant wallet deposited 2.675 ETH, worth $5,070, into Kraken 12 hours ago, and transferred 578.38 ETH, worth $1,080,000, to a new Gnosis Safe Proxy wallet.

According to Onchain Lens monitoring, a certain whale has accumulated 266,400 LINK from Binance over the past month, worth approximately 2.15 million USD, and then transferred the entire balance to a Gnosis Safe multi-signature wallet.

According to Onchain Lens monitoring, a certain address withdrew 16 million ENA from its Gnosis multi-signature wallet, worth approximately 1.37 million USD, and then transferred it to Binance, possibly for sale.

According to Onchain Lens monitoring, a certain Chainlink whale transferred 431,000 LINK to a Gnosis Safe multi-signature wallet, valued at approximately 3.76 million dollars.This whale had previously accumulated and withdrawn these tokens from Binance into two wallets through multiple transactions over the past three weeks, with the final two transfers being 176,029 LINK, valued at approximately 1.53 million dollars, and 255,468 LINK, valued at approximately 2.23 million dollars.

According to market news, community members report that Gnosis's X (formerly Twitter) account has been hacked. Please do not interact with this account and do not click on any links it has posted.

According to The Block, Gnosis co-founder and CEO Martin Koppelmann confirmed that the Zodiac delay module related to Gnosis Pay is currently under exploitation. Attackers can initiate transactions from Safe wallets that integrate this module, and Gnosis has requested cross-chain bridge validators to pause to control the risk.Koppelmann stated that Gnosis will cover all user losses and will remove the previous announcement urging users to urgently withdraw EURe and GNO, noting that most users are unable to withdraw their tokens independently. The team is working to control most of the losses and ensure that all users receive full compensation. Gnosis emphasized that the vulnerability is within the Gnosis Pay system, and the core contracts of Safe are unaffected.

The blockchain security agency PeckShield has issued an alert stating that Gnosis Pay is currently undergoing a security attack. Meanwhile, Gnosis co-founder Martin Köppelmann has publicly urged users to immediately withdraw their GNO and EURe assets to mitigate potential risks.Market analysis indicates that Gnosis Pay, as an important infrastructure connecting payment scenarios with on-chain assets, may face short-term selling pressure on Gnosis GNO and the euro stablecoin EURe if it is confirmed that funds have been stolen or protocol vulnerabilities exploited, further affecting market sentiment for Gnosis ecosystem-related projects.Currently, the official has not disclosed the scale of the attack, the amount of losses, or specific technical details, and the situation is still developing. Users holding related assets or using Gnosis Pay services should closely monitor official follow-up announcements and assess their risk exposure in a timely manner.

According to Blockaid monitoring, the cross-chain routing protocol Squid is currently under continuous attack on the SquidRouterModule on the Ethereum and Base networks. Within about two hours of the attack, 86 Gnosis Safe wallets have been emptied, with losses amounting to approximately 3 million dollars.The attacker subsequently exchanged all stolen tokens for DAI through their controlled Uniswap V3 liquidity pool and consolidated them into a single address. Currently, this consolidated wallet holds approximately 3.07 million dollars in DAI.

According to The Block, the lightweight mobile crypto wallet Sorted Wallet has completed a $4.4 million seed round financing, of which $3.4 million is equity financing, co-led by Tether and Gnosis, with participation from individual angel investors such as Movement, Angel Invest Group, and the founder of RWA.io. An additional $1 million comes from strategic support from Vox Solutions.Sorted Wallet was launched in 2022, with an installation package of only 10 MB, making it the lightest crypto wallet. It has been downloaded 500,000 times, with the fastest-growing markets including Nigeria, Kenya, Tanzania, Bangladesh, and Madagascar.

The GnosisDAO community has released a proposal to "allow GNO holders to proportionally redeem their entitled treasury shares." The proposal aims to allow GNO holders to exchange their tokens for a proportionate share allocated from the GnosisDAO treasury. Non-participants will retain their GNO and continue to enjoy all economic rights brought by the ongoing operations of the DAO, with liquidity and semi-liquid treasury assets distributed based on net asset value.Illiquid off-chain investments and enterprise value will be handled through the synthetic gLTD-CLAIM, which grants participants a fixed proportion of future dividends from the aforementioned asset pool once the capital deployed by the DAO exceeds the principal recovery threshold after redemption. The redeemed GNO will be burned, thereby permanently reducing the effective circulating supply.As of the time of publication, the current opposition rate for this proposal is 64.81%.

Gnosis DAO is conducting a Snapshot vote proposing to allow GNO holders to proportionally acquire shares of the DAO treasury through a voluntary redemption mechanism. According to analyst Ignas, the treasury holds approximately $223 million in assets (including ETH, stablecoins, and ecosystem tokens), with about 1.3 million GNO eligible for redemption, each corresponding to about $170 in treasury value, while the current trading price of GNO is around $132, representing a discount of about 27%.The vote reversed twice within 24 hours: after Gnosis co-founder Stefan George cast a dissenting vote, the situation briefly turned, but then a whale wallet holding 67,000 GNO cast a supporting vote, putting the supporters back in the lead. Currently, about 116,000 GNO are in favor (about 65%), 59,600 against, and 1,600 abstentions, surpassing the quorum threshold of 75,000 votes, with voting continuing until May 12.Supporters believe that Gnosis Ltd. has become a funding black hole structurally misaligned with the interests of holders, while opponents warn that redemption will weaken projects with actual users such as Gnosis Pay, Circles, and Gnosis Chain, and may trigger a chain reaction for other DAOs trading below net asset value.

According to The Block, Gnosis co-founder Friederike Ernst and Zisk founder Jordi Baylina jointly announced the "Ethereum Economic Zone" (EEZ) plan at the EthCC conference in Cannes on Sunday, which is co-funded by the Ethereum Foundation.The EEZ aims to create a framework for Rollups, allowing smart contracts on connected Rollups to perform synchronous composable calls with the Ethereum mainnet and other EEZ Rollups, with security guarantees equivalent to those directly deployed on Ethereum. The framework defaults to using ETH as the Gas token, eliminating the need for additional cross-chain bridge infrastructure. Ernst stated, "Ethereum does not have a scalability problem; it has a fragmentation problem. Every new L2 that goes live has its own liquidity pool and bridging, creating another isolated walled garden."Founding members of the EEZ alliance include the DeFi lending protocol Aave, block builders Titan and Beaver Build, the RWA platform Centrifuge, and the tokenized stock project xStocks. The project will operate as a Swiss non-profit organization, with all software released as open-source, aiming to minimize governance and ultimately achieve non-upgradability. Technical specifications and performance benchmarks are expected to be announced in the coming weeks.

Friederike Ernst, co-founder of Gnosis, stated that the regulatory framework in the U.S. CLARITY Act may give large financial institutions greater control in the crypto market.She pointed out that some provisions of the bill assume that market activities need to be conducted through centralized intermediaries, which could undermine the role of blockchain users as network participants and stakeholders. Ernst believes that if there is too much reliance on institutional intermediaries, users may revert to being "customers renting financial technology services" rather than actual participants in the network. However, she also noted that the bill clarifies the regulatory boundaries between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to some extent and provides certain protections for peer-to-peer trading and self-custody.Currently, the CLARITY Act faces controversy as it progresses through Congress, with major disagreements centered around the issue of stablecoin yield distribution. Alex Thorn, head of research at Galaxy Digital, previously stated that if the bill fails to advance before April 2026, the probability of its passage will significantly decrease.

Gnosis Chain has executed a hard fork, successfully recovering funds related to the $116 million hack suffered by Balancer in November.Gnosis confirmed on Tuesday via the X platform that the hard fork has been completed, and the stolen funds are now "out of the hacker's control." Previously, most validator nodes had taken emergency measures through a soft fork in November to control the losses. Philippe Schommers, head of Gnosis infrastructure, stated that the recovered funds will be deposited into a wallet controlled by the DAO, and the community will decide on the subsequent distribution plan.Earlier reports indicated that Balancer disclosed on November 3 that its decentralized exchange and automated market maker had been attacked, resulting in losses exceeding $116 million. White hat hackers and internal rescue operations have successfully recovered approximately $28 million in assets.