chaos

According to an analysis report released by Chaos Labs, the recent liquidation event of approximately $27 million in Aave was caused by a configuration issue with the CAPO risk oracle.The root cause lies in the inconsistent update constraints at the smart contract level: the snapshotRatio parameter is limited by an on-chain constraint that allows only a 3% increase every 3 days, preventing it from being updated directly from approximately 1.1572 to the target value of about 1.2282, and it can only increase to about 1.1919; meanwhile, the snapshotTimestamp was successfully updated to a timestamp from 7 days ago. This misalignment between the ratio and the timestamp led to the CAPO calculating an upper exchange rate (approximately 1.1939) that was about 2.85% lower than the actual market exchange rate, triggering the liquidation of approximately 10,938 wstETH. No bad debt was incurred by the protocol during the event.Chaos Labs and BGD Labs have immediately reduced the wstETH borrowing limit for affected instances to 1 and manually aligned the parameters to restore the exchange rate through Risk Steward. A total of 141.5 ETH has been recovered through BuilderNet, which will be used to compensate affected users, while the remaining amount will be covered by the Aave treasury. The amount expected to be temporarily compensated by the DAO is not anticipated to exceed 345 ETH.

Beijing Business Daily Financial Investigation Team published an article titled "The Surge of Cryptocurrency Speculators into Social Platforms," which points out that the chaos of cryptocurrency speculation has infiltrated platforms such as Xiaohongshu, Taobao, and Xianyu. What appears to be lifestyle sharing, newcomer benefits, or product links is, in fact, a diversion for cryptocurrency speculation, brewing a carefully woven hunting trap for ordinary people. From the perspective of diversion methods, it can be roughly divided into several situations, such as creating topics to build IP and setting up advertising links on platforms. Industry insiders believe that a "counter-hunting" battle against the chaos of cryptocurrency speculation has also begun, but to completely end this game, a joint effort from regulators, platforms, and users is needed.Not long ago, Pan Gongsheng, the governor of the People's Bank of China, publicly stated that efforts to crack down on the operation and speculation of virtual currencies within the country would continue. Since 2017, the People's Bank of China, together with relevant departments, has issued multiple policy documents to prevent and address the risks of domestic virtual currency trading and speculation, and these policy documents remain effective. In the next step, the People's Bank of China will continue to work with law enforcement agencies to combat the operation and speculation of virtual currencies within the country, maintain economic and financial order, and closely monitor and dynamically assess the development of overseas stablecoin values.

ChainCatcher news, according to the U.S. Department of Justice Northern District of Texas Prosecutor's Office, the U.S. Department of Justice filed a civil lawsuit in the Northern District of Texas Court on July 24, seeking the forfeiture of previously seized cryptocurrency assets.It is reported that the FBI Dallas Field Office seized approximately 20.29 BTC from a cryptocurrency address on April 15, with a current market value of over $2.4 million. The related assets are alleged to be connected to a ransomware organization member "Hors" of Chaos, involved in illegal activities such as money laundering and computer extortion. This gang has carried out multiple cyberattacks in the Northern District of Texas and other areas.

ChainCatcher news, according to Cointelegraph, gaming giant Ubisoft has partnered with Immutable to launch the Web3 card game "Might & Magic: Fates."It is reported that "Might & Magic: Fates" is a blockchain strategy card game set in the Might & Magic universe, combining classic strategy gameplay with modern blockchain technology, providing players with digital ownership through Immutable's Web3 infrastructure.The game will be available on iOS and Android platforms, with the game itself being free. Players can enhance their progress by collecting cards and in-game currency. Players will use hundreds of cards to collect, trade, and customize their decks, devising unique strategies in a competitive environment, where success depends on skill and tactical decisions.

ChainCatcher news, according to Cointelegraph, the new tariff policy introduced by President Trump is impacting the Bitcoin mining supply chain. U.S. mining companies are ramping up the shipment of thousands of ASIC miners from Southeast Asia to avoid the upcoming increase in import tariffs. The industry expects that this tariff hike will raise operating costs, potentially weaken miner profits, and affect future capacity expansion plans.

ChainCatcher news, the on-chain risk analysis platform Chaos Labs has launched the crypto research tool Chaos AI.The official statement indicates that Chaos AI is built on proprietary data from trillions of transactions over the years, transforming fragmented market data into institutional-grade financial intelligence. Unlike typical inference models, Chaos AI is specifically designed for crypto, trained on public and proprietary crypto datasets, and integrates the Chaos Labs knowledge base, enhanced through the RAG agent tool.Chaos Labs is a cloud platform that enables teams to create high-fidelity agents and scenario-based simulations on mainnet forks, providing a realistic testing environment. The company's goal is to expand cryptocurrency adoption by offering customized and automated economic security tools for protocols, which can validate the resilience and stability of protocols under any market conditions. Chaos Labs' tools allow core teams and community members to better monitor protocol health and risks in real-time, enabling mainnet changes before potential vulnerabilities are exploited.

ChainCatcher news, according to Jinshi reports, Wrightson ICAP stated that under the debt ceiling constraints, revaluing the U.S. gold reserves may seem tempting, but it will have profound effects on the financial system, increase liquidity, and extend the Fed's balance sheet reduction timeline. The core idea is that the government should revalue its gold reserves from $42.22 per ounce (the legacy price of the Bretton Woods system) to market prices.Wrightson ICAP economist Lou Crandall indicated that the likelihood of reassessing the Treasury's gold holdings is low, the benefits would be minimal, and the public relations response could be quite chaotic.