Drift links $270M exploit to long-term North Korean operation
#DriftProtocol said a $270M exploit was the result of a six-month operation attributed to a North Korean state-affiliated group. The attackers reportedly posed as a trading firm, built relationships with contributors, and deposited their own funds before carrying out the attack.
Drift warned that the incident highlights risks in existing security models, particularly for protocols relying on multisig governance.
Coinbase AI payments protocol moves to Linux Foundation
#Coinbase is advancing its #AI -focused payments protocol x402 by placing it under the #LinuxFoundation to develop it as an open standard for digital transactions.
The initiative has drawn support from major firms including Google, Stripe, and Amazon Web Services, alongside others participating in the newly formed x402 Foundation.
#LeapWallet , a noncustodial wallet in the #Cosmos ecosystem, will discontinue its services by May 28. The shutdown will include its browser extension, mobile apps, web app, and related platforms.
Users will still be able to access their funds through recovery phrases or private keys using other wallets, while those staking $ATOM are advised to redelegate to continue earning rewards.
Circle faces criticism after Drift hack over $USDC freeze response
#Circle is facing scrutiny following a $285M exploit on the #Drift platform, after critics questioned why stolen #USDC was not frozen sooner.
Blockchain investigator #ZachXBT said faster action could have limited losses. The attacker reportedly moved large amounts of USDC across networks, complicating recovery efforts.
Solana collaborates with Project Eleven to test quantum-resistant signatures
#Solana is collaborating with #ProjectEleven to test quantum-resistant signatures as a safeguard against future quantum computing risks.
Early results show significant performance trade-offs, with the new signatures being much larger and reducing network speed by about 90%. The findings highlight challenges in balancing security improvements with scalability.
Polymarket removes market on missing US pilot after backlash
#Polymarket has removed a market related to a missing US service member following public criticism, stating the listing violated its integrity standards.
The market had allowed users to speculate on whether authorities would confirm the pilot’s rescue. The incident has added to ongoing scrutiny of prediction markets over content policies and concerns about their oversight.
Schwab targets 2026 launch for spot crypto trading
#CharlesSchwab plans to introduce spot trading for #Bitcoin and #Ether in the first half of 2026, expanding its presence in digital assets. The service will be offered through a dedicated “Schwab Crypto” account, with a waitlist opened for early access.