Scan to download
BTC $71,637.27 +5.04%
ETH $2,223.78 +6.78%
BNB $605.39 +0.68%
XRP $1.36 +4.47%
SOL $83.47 +5.71%
TRX $0.3179 +1.22%
DOGE $0.0935 +3.26%
ADA $0.2543 +5.01%
BCH $444.32 +2.41%
LINK $9.07 +5.28%
HYPE $38.79 +7.08%
AAVE $94.38 +8.81%
SUI $0.9322 +7.66%
XLM $0.1598 +3.63%
ZEC $329.15 +22.19%
BTC $71,637.27 +5.04%
ETH $2,223.78 +6.78%
BNB $605.39 +0.68%
XRP $1.36 +4.47%
SOL $83.47 +5.71%
TRX $0.3179 +1.22%
DOGE $0.0935 +3.26%
ADA $0.2543 +5.01%
BCH $444.32 +2.41%
LINK $9.07 +5.28%
HYPE $38.79 +7.08%
AAVE $94.38 +8.81%
SUI $0.9322 +7.66%
XLM $0.1598 +3.63%
ZEC $329.15 +22.19%

organization

Elliptic: The Drift attack incident is suspected to be carried out by a North Korean hacker organization

According to CoinDesk, blockchain analytics firm Elliptic stated that the Drift Protocol attack resulted in a loss of $285 million, with "multiple signs" pointing to the North Korean-supported DPRK hacker organization. Elliptic focused on analyzing on-chain behavior, money laundering techniques, and signals at the network level, all of which align with previous state-affiliated attacks.The Elliptic report noted: "If confirmed, this would be the 18th DPRK attack tracked by Elliptic this year, with over $300 million stolen to date." On a technical level, Elliptic described this attack as "premeditated and meticulously planned," with early test transactions and pre-positioned wallets prior to the main attack. After the execution of the attack, the funds were quickly consolidated and transferred across chains, converted into more liquid assets, forming an organized and repeatable money laundering process aimed at obscuring the source of funds while maintaining control.This incident involved over ten types of assets, with funds being transferred across chains from Solana to Ethereum and other chains, further highlighting the importance of cross-chain tracing capabilities. Drift Protocol is the largest decentralized perpetual contract trading platform on the Solana blockchain, and its token has dropped over 40% to approximately $0.06 since the hack.

After the Federal Reserve granted Kraken a master account, banking organizations expressed "deep concern."

According to market news, after the Federal Reserve approved the main account application of the cryptocurrency exchange Kraken, U.S. banking organizations expressed strong opposition, warning that this move could allow cryptocurrency institutions to access the central bank's payment system without the same regulatory protections as traditional banks.The Bank Policy Institute stated that it is "deeply concerned," believing that the Kansas City Fed approved the application before the Federal Reserve finalized the framework for a limited-purpose main account policy, and that the approval process lacked transparency. The Independent Community Bankers of America also stated that allowing non-bank entities and cryptocurrency institutions to access main accounts poses risks to the banking system. A Federal Reserve governor mentioned last month that they hope to launch a streamlined account structure later this year.Some participants in the cryptocurrency market believe that Kraken's approval signifies a breakthrough in establishing non-depository banking operations that do not rely on loans. In a previous news report, it was mentioned that Kraken was approved for a "streamlined" Federal Reserve main account, becoming the first cryptocurrency company authorized to access the Federal Reserve's core payment system, Fedwire.

The anti-quantum cryptography organization BTQ has announced the Bitcoin Quantum solution for quantum-resistant Bitcoin algorithms

According to CoinDesk, the quantum-resistant cryptography specialist BTQ Technologies (BTQ) recently announced a solution to protect the Bitcoin blockchain, called "Bitcoin Quantum," an open-source fork testnet that is said to be capable of addressing quantum challenges.Chris Tam, head of partnerships at BTQ, stated that Bitcoin Quantum is a publicly operable network where miners, developers, researchers, and users can stress-test against quantum transactions and reveal the trade-offs in actual operation before discussions about mainnet upgrades become urgent.The system includes a block explorer and mining pool, providing instant accessibility. Tam explained that in August 2024, the quantum-resistant algorithm known as "Dilithium" (officially named the Module-Lattice-based Digital Signature Algorithm ML-DSA) will be standardized in the United States, and this algorithm is the technology adopted by the Bitcoin Quantum network. This algorithm has not yet been widely applied in rapidly innovating fields like cryptocurrency, primarily due to its high operational costs.Compared to the digital signatures used every time information is sent to the blockchain or even when sending a WhatsApp message, the data size of quantum-resistant algorithms increases by at least 200 times. Therefore, while there are methods to address quantum risks, they also pose problems, mainly reflected in performance and cost overhead during large-scale deployment.
app_icon
ChainCatcher Building the Web3 world with innovations.