fluid

According to BlackHart, the DeFi project Fluid's reward distribution mechanism on Ethereum was exploited, resulting in approximately $215,000 in assets being transferred away. Fluid uses a Merkle reward list mechanism initiated by one key and approved by another key. The attacker simultaneously held both operational private keys, submitted a list that only awarded themselves, and then completed the claim with a zero-knowledge proof.The stolen assets came from three reward distributors, including 112,883 FLUID, 47,903 GHO, and a small amount of cbBTC, which were later exchanged for ETH and transferred via Tornado Cash. Fluid's lending market, treasury, DEX, and user deposits were unaffected. The team replaced the compromised keys and transferred the remaining reward funds within approximately 10 hours, but the public statement only mentioned that reward claims were paused for updates, without mentioning details about the private key leak and losses.

Fluid released a recap of the Resolv incident, stating that on March 22, Resolv was compromised due to an attack on its signature infrastructure, resulting in the malicious issuance of approximately $80 million in unsecured USR. Fluid faced a risk exposure of about $100 million, leading to approximately $21 million in bad debt. The final plan is as follows: Resolv will bear about $9.7 million, the Fluid governance treasury will bear $8.2 million, the team will bear $1.5 million, and the remaining USR within the protocol has been destroyed by Resolv at the contract level.Fluid stated that its smart contracts were not breached, all user funds are safe, and the protocol maintains full solvency. In addition, Fluid has upgraded its oracle and pricing risk control systems and will suspend buybacks, significantly reduce, or eliminate FLUID incentives.

The DeFi protocol Fluid officially announced the launch of the aWETH redemption protocol. Due to the ETH utilization rate on the Aave platform reaching 100%, many borrowers are currently unable to withdraw funds, and they will face increasing risks if the market fluctuates. The aWETH redemption protocol will allow ETH borrowers to: • Redeem for wstETH or weETH • Immediately restore liquidity • Reduce liquidation risk.If users only borrow ETH, they can fully redeem it. If users have ETH collateral and other debts, the collateral will be seamlessly converted to wstETH or weETH, while the debt remains unchanged. Fluid is collaborating with Lido Finance, EtherFi, and other ecosystem partners to reduce systemic risks in DeFi, alleviate usage pressure, and support a healthier DeFi market. The initial capacity limit of the protocol is set at $1 billion in ETH.

According to informed sources, the AI cloud platform FluidStack plans to raise about $1 billion at a valuation of $18 billion, with Leopold Aschenbrenner's institution Situational Awareness in talks to participate and co-lead the investment. This round of financing is expected to be used to accelerate FluidStack's expansion in the fields of AI computing and cloud infrastructure.It is reported that FluidStack has previously signed cooperation agreements with several Bitcoin mining companies, including TeraWulf, Cipher Mining, and Hut 8.

The Web3 asset data platform RootData issued a daily transparency alert on Twitter (X), noting the lack of information regarding teams, key calendar events, token data, and other details for projects such as Fluid, SideShift.ai, Blackhole, Pharaoh, and Koi Finance. It calls on project teams to submit/update their information on RootData to improve their transparency scores. Additionally, RootData stated that it will continue to monitor and expose "black box" projects that lack core information.It is reported that the RootData transparency score is used to measure the integrity and timeliness of projects, aiming to reflect the information disclosure situation of projects and urging project teams to immediately claim their projects. The transparency score is divided into 5 levels from A to F, with lower scores indicating more incomplete information disclosure and higher risks of wrongdoing, requiring investors to be highly vigilant.

Fluid officially released the latest progress on the Resolv security incident, disclosing that the current debt repayment work is still ongoing until all affected user funds are covered. Currently, approximately $70 million in USR-related debt on the BNB and Plasma chains has been repaid, and the remaining amount is expected to be settled in the coming days.In addition, a governance proposal has been published on-chain, intending to transfer the remaining USR debt positions to the team's multi-signature address to further complete the liquidation with the Resolv Labs team. A compensation plan for all affected users will be announced soon. The platform's market is operating normally, and user funds remain secure.

Fluid stated on platform X that the team has secured a short-term loan sufficient to cover 100% of the bad debt currently in the agreement. These funds are committed by Lomashuk, cyberfund, weremeow, and the Fluid core team to ensure the safety of user funds.ResolvLabs has confirmed that it will cover all USR positions generated before the security incident occurred and will open the necessary redemptions to close related debt positions. Additionally, several investors have expressed interest in purchasing FLUID from the treasury when additional funds are needed to further strengthen the protocol's backup support. The Fluid smart contracts are operating normally, all other markets are functioning as usual, the protocol safeguards remain effective, and users may encounter temporary interest rate fluctuations during the liquidation period.

Fluid is currently discussing a governance proposal submitted by Instadapp's Chief Operating Officer DMH on February 23. The proposal suggests transferring all intellectual property of the protocol (including smart contract code, front-end interface, domain names, and trademarks) to a non-profit foundation in the Cayman Islands, and applying for a monthly DAO allocation of $250,000 (approximately $3 million per year) to support engineering, security, and business operations.The foundation will have no actual owners and will be operated by custodians and directors, with FLUID token holders retaining ultimate control through governance voting, including the ability to vote to dissolve the foundation in extreme cases. Fluid currently has a TVL of over $1.2 billion, with approximately $1.1 million in protocol revenue in January. If the proposal is approved, the monthly allocation would represent about 16% of its highest historical monthly revenue. The legal work for the transfer of intellectual property is expected to be completed by mid-2026.

According to Arkham data, at 23:26, 1000.94 PAXG (worth approximately 4.852 million USD) was transferred from samurai.eth to Fluid (Instadapp).

According to Arkham data, at 16:38, 502 PAXG (worth approximately 2.67 million USD) was transferred from Fluid (Instadapp) to samurai.eth.

According to Arkham data, at 14:55, 500 PAXG (worth approximately 2.55 million USD) was transferred from Fluid (Instadapp) to samurai.eth.

According to Arkham data, at 14:42, 500 PAXG (worth approximately $2.5456 million) was transferred from Fluid (Instadapp) to samurai.eth.

TeraWulf Inc. (NASDAQ: WULF) announced on December 18, 2025, that it has successfully completed the financing pricing for a 168 megawatt high-performance computing (HPC) joint venture project located in the Abilene, Texas park with Fluidstack.The project will build a next-generation liquid-cooled artificial intelligence data center, with a total power capacity of 240 megawatts. The funds raised will be used for construction, establishing reserves, and completing facility delivery, with an expected operational start in the second half of 2026.

According to official news, Hut 8 has signed a 15-year lease agreement worth $7 billion with Fluidstack, leasing 245 megawatts (MW) of IT computing capacity from its River Bend data center campus.Under the agreement, Fluidstack also obtained a right of first offer (ROFO) for up to an additional 1,000 MW of IT capacity during future expansion phases of the campus, provided that the power supply scale of the campus is correspondingly expanded.According to market data, Bitcoin mining company Hut 8's stock rose over 18% in pre-market trading, with a market capitalization reaching $3.981 billion.

Cloud computing startup Fluidstack is in talks to raise about $700 million in a new funding round, which would value the company at $7 billion.The investment firm Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, is expected to lead this funding round. Sources say that Alphabet Inc., Google's parent company, is also considering participating in this investment, while Goldman Sachs is serving as the banking advisor for the financing.

According to Arkham data, at 01:51, 2502.94 PAXG (worth approximately 10.38 million USD) was transferred from samurai.eth to Fluid (Instadapp).

According to official news, Coinbase will launch spot trading for Fluid (FLUID) and World Mobile Token (WMTX).

According to Arkham data, at 01:49, 1100 PAXG (worth approximately 4.45 million USD) was transferred from Fluid (Instadapp) to samurai.eth.

According to official news from Coinbase, Fluid (FLUID) and Nomina (NOM) have been added to its coin listing roadmap.

ChainCatcher news, according to The Block, TeraWulf has partnered with the AI cloud platform Fluidstack to build a 168 MW high-performance AI data center in Texas, with a $1.3 billion lease support from Google. TeraWulf holds a 51% stake, and the total contract value reaches $9.5 billion. The project is expected to be completed in the second half of 2026, pushing the company's total capacity to exceed 510 MW.The company also disclosed that Q3 revenue increased by approximately 84% year-on-year, and the stock price rose by 25% in response to the news, having increased by over 130% year-to-date.