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ADA $0.2092 -2.83%
BCH $261.88 -4.22%
LINK $11.66 -1.59%
HYPE $83.43 +1.42%
AAVE $125.30 -2.87%
SUI $0.7602 -1.60%
XLM $0.1836 -1.96%
ZEC $788.62 -0.45%

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first_img Dunamu partners with Visa to explore stablecoins and AI financial services

The South Korean cryptocurrency exchange Upbit's parent company Dunamu announced on Friday that it has signed a strategic cooperation agreement with Visa to jointly explore innovative financial services based on stablecoins and artificial intelligence. The two parties will combine Dunamu's digital asset technology with Visa's global payment network to develop new businesses such as stablecoin payments, cross-border remittances, and AI-driven finance, aiming to achieve safer, more transparent, and interoperable applications of digital assets and next-generation payments within a compliance framework.In the field of AI, the two parties will focus on exploring agentic commerce, where AI agents search for products or services on behalf of users and complete purchases and payments. Dunamu CEO Oh Kyung-seok stated that the popularization of AI, stablecoins, and tokenization will profoundly change the way finance and commerce operate. Through cooperation with Visa, Dunamu hopes to connect digital assets with the existing financial system to create a perceptible global financial experience for users.Dunamu also mentioned in the press release that future cooperation will assess the potential applications of the stablecoin Open USD (OUSD) under Open Standard. OUSD was launched in June this year and has received support from over 140 global institutions, including Visa, Mastercard, and Google. It is positioned as a shared payment infrastructure, and after scaling, it will not charge minting or redemption fees, with most of the reserve earnings passed on to participating institutions.

first_img OneKey reproduces the transaction replacement attack targeting the old version of the Ledger Ethereum application

The security team of the open-source wallet provider OneKey successfully replicated the exploitation of a vulnerability in the old version of the Ledger Ethereum application in a laboratory environment. OneKey's founder and CEO Wang Yishi stated that they executed a "transaction replacement attack" on Ledger Ethereum application version 1.22.1 by exploiting a previously patched vulnerability, allowing attackers to overwrite pending transactions while users review legitimate transactions.Ledger responded that exploiting this vulnerability requires controlling the communication between the device and the host, such as through malware, compromised wallet software, or malicious web pages. Ledger has added application layer protections in the Ethereum application version 1.22.2 released on August 13 and fixed the underlying issue in Secure SDK 26.6.1 on August 21. Ledger emphasized that no users were hacked as a result; this was merely a replication of the vulnerability in a laboratory environment.This security test occurred after the Coldcard vulnerability incident. Previously, the Coldcard wallet had a firmware vulnerability that posed security risks to some mnemonic phrase generation, but Ledger stated that its devices were not affected by this vulnerability because recovery phrases are generated by a certified random source built into the device's secure chip. The vulnerability replicated by OneKey is unrelated to mnemonic phrase generation but affects the way transactions are processed during the signing process.
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