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first_img Cysic cross-chain bridge suffered unauthorized minting of 10 million CYS, the bridge has been suspended

The decentralized computing network Cysic released an event report on platform X stating that its cross-chain bridge was attacked on Saturday. The attacker exploited a processing vulnerability to unauthorizedly mint 10 million CYS on the BNB Smart Chain, and the cross-chain bridge has now been suspended. Preliminary investigation results indicate that the attacker accessed the database supporting the cross-chain bridge without authorization.The report shows that the minting occurred at 12:31:38 UTC, and Cysic added the receiving address to the token contract blacklist at 13:47:52. At that time, the address still held approximately 2.8 million CYS, and transfers have been restricted. Cysic stated that this incident was limited to the message processing and minting aspects of the cross-chain bridge and did not affect the mainnet or other operational systems, nor did it result in the theft or unauthorized transfer of CYS or other assets already in user wallets.Cysic emphasized that the quantity of minted tokens alone cannot determine the final dollar loss, and related token transfers, exchanges, and actual losses are still under verification. The company has hired a security agency and plans to release a follow-up report after the current investigation phase concludes. CYS is used to coordinate incentives for users, computing power providers, governance participants, and contributors within the Cysic network.

Ledger confirmed that affected user devices have unauthorized hardware implants, and the dealer CryptoBilis has suspended inventory sales

Ledger Support released an update stating that it has confirmed the presence of unauthorized hardware implants in the device of one affected user. They are currently contacting the affected user and continuing to investigate the matter. Ledger is calling on anyone with information to provide leads and has stated that it is cooperating with relevant law enforcement agencies to hold those involved accountable. As a precaution, CryptoBilis has confirmed the suspension of sales of all hardware wallet inventory until the investigation is complete, and Ledger is actively communicating with them regarding follow-up measures.Ledger stated that there are currently no signs that its security infrastructure, systems, or services have been compromised. For users who purchased Ledger devices from this dealer, if the initialization setup has not yet been completed, it is advised not to start the setup; if the setup has been completed, they should consider transferring assets to a new Ledger signing device using new recovery phrases.Ledger emphasizes that security threats are constantly evolving, and the company is continuously improving security measures and advancing more sophisticated tamper-proof solutions. It also reminds users to be vigilant against scams that take advantage of this situation and to obtain the latest information only through official Ledger channels. Ledger will not ask users for their 24-word recovery phrase.

first_img SEC enters funding interruption, review of new cryptocurrency ETFs suspended

According to HOGE Wire, the U.S. federal fiscal year will begin on October 1, 2026, without a budget, and the Securities and Exchange Commission (SEC) will enter a funding interruption status, halting the review of new cryptocurrency ETFs. Registration statements cannot be declared effective, and opinion letters will no longer be issued. Existing products are unaffected, and BlackRock's IBIT, Fidelity's FBTC, and Grayscale-related products can still be traded and continue to process subscriptions and redemptions.Cryptocurrency ETFs need to complete both the 19b-4 submitted to the exchange and the S-1 or N-1A submitted by the issuer; both paths are paused during the funding interruption. On September 17, 2025, the SEC approved general listing standards for commodity trust shares, allowing eligible products to submit 19b-4 without needing to do so individually, reducing the review time from about 240 days to approximately 75 days; leveraged, inverse, actively managed, lending, and staking products are not included in this template. The article states that as October approaches, there are over 90 pending applications, with some deadlines at the beginning of the month. Nate Geraci told Decrypt that what the industry refers to as ETF Cryptober may be temporarily shelved, which is a delay rather than a rejection.The article also states that on March 17, 2026, the SEC and the Commodity Futures Trading Commission jointly clarified that agreement staking does not constitute a securities offering or sale. BlackRock's Ethereum product ETHB is listed on Nasdaq with a fee of 0.25% and will distribute 82% of staking rewards to investors.

first_img Arbitrum Security Committee urgently suspended the activation of the new contract Stylus and added BoLD protection

On October 2, at 11:30 AM Eastern Time, the Arbitrum Security Committee executed an emergency upgrade on Arbitrum One and Nova, suspending the activation of all new Stylus contracts on both chains, while adding a protective mechanism against BoLD single-step proofs in the dispute system of Arbitrum One. The Arbitrum Foundation stated that this action is part of ongoing proactive security measures aimed at protecting the security and integrity of the network.Stylus allows developers to write smart contracts using languages such as Rust and C++, while maintaining compatibility with the Ethereum Virtual Machine, with its programs compiled into WebAssembly format. This suspension primarily targets manually written WASM programs that do not use the standard Stylus compiler toolchain and have not yet been patched by the current version of ArbOS. The Security Committee increased the gas required for activation to the theoretical maximum by calling ArbOwner.setWasmActivationGas(2^64 - 1), making new activations economically unfeasible. Activated Stylus contracts are unaffected and can continue to execute and renew, and the deployment and execution of Solidity contracts are also unrestricted.The newly added BoLD protection allows anyone to pause the settlement from Arbitrum One to Ethereum when two conflicting and accepted answers appear in the same dispute step, which may delay unconfirmed withdrawals to allow the Security Committee to deploy fixes. Officials pointed out that the currently discovered Stylus-related vulnerabilities mainly affect the activity of the chain, such as denial-of-service attacks, and do not jeopardize user funds.
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