Crypto Daily Digest - August 3rd

TI Research

On August 3rd, hackers exploited the vulnerability to steal funds from about 8,000 wallets on Solana. Solana Status said that the vulnerability does not appear to be a bug with Solana core code, but related to the wallets used by users. Nomad's official funds recovery wallet address received over $9 million of stolen funds back. Sui opened validator registration for Incentivized Testnet.

DeFi

  • El Salvador’s banking platform Galoy launches Bitcoin-backed synthetic dollar. Source
  • Solana Status: about 7,767 Solana wallets have been affected by the exploit. Source
  • PeckShieldAlert: widespread hack on Solana wallets leads to about $8 million in loss. Source
  • Solana Status: the vulnerability does not appear to be a bug with Solana core code, but related to the wallets used by users. Source
  • Solana exploit is not a Phantom-specific issue, Phantom claims. Source
  • Decaf Developer: SOL exploit is not a trusted app issue, and all Phantom wallets are affected. Source
  • Solana: wallet drained incident is under investigation with help from security firms, hardware wallets not impacted. Source
  • Solana co-founder: Suspected cause of security incident is an iOS supply chain attack. Source
  • Nomad official releases funding recovery address. Source
  • Nomad official funds recovery address currently receives about $9.058 million. Source
  • Connext: users were not directly affected by Nomad hack. Source
  • Data: Total market contracts liquidated about $54.53 million in 12 hours. Source
  • CZ: More than 65% of all proposals came from just 10% of DAOs. Source
  • Kraken Australia’s managing director: Contagion only hit firms with poor balance sheet management. Source
  • Multichain announces integration with KAIDEX. Source
  • Stellar launched smart contract platform Soroban. Source
  • pSTAKE will launch $BNB Liquidity Staking next week. Source
  • Crypto exchange Zipmex will resume withdrawals for $SOL, $XRP and $ADA. Source
  • Stock and crypto exchange Robinhood lays off 23% of employees. Source
  • Sui opened validator registration for Incentivized Testnet. Source
  • Perpetual DEX Phezzan Protocol went live on zkSync 2.0 testnet. Source
  • MCDEX is rebranded as MUX and launched multi-chain leveraged trading protocol. Source
  • CoinList pauses withdrawals for $SOL. Source

Policy & Regulation

  • Brazil might approve its cryptocurrency law this week. Source
  • Robinhood's Crypto division fined $30 million by New York financial regulator. Source
  • Binance-owned WazirX probed in India for alleged money laundering of over $350 million. Source

NFT

  • Solana ecosystem NFT marketplace Magic Eden tweeted that a suspected SOL exploit could steal assets from users' Phantom wallets. Source
  • The Walken application is temporarily unavailable due to the security event on Solana that prevents it from interacting with the blockchain. Source
  • STEPN recommends that users who have imported/exported non-custodial wallets into/out of STEPN generate a new non-custodial wallet in the STEPN App. Source

Fundings

  • Web3 project accelerator Web3Port raised $1M in seed round with participation from HashKey and others. Source
  • Decentralized visual digital identity (DID) solution provider Lifeform closed a seed funding round led by Binance Labs. Source
  • NFT counterfeit detector MarqVision closed a $20 million round of funding with participation from Softbank Ventures and others. Source
  • VR basketball app Gym Class closes $8 million in seed round led by a16z. Source

Solana

Wallet

DeFi

Security Incidents

Cross-Chain

Public Chain

TI Research

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