KelpDAO Developer Sues LayerZero Over $292M Bridge Exploit
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KelpDAO sues LayerZero, CEO over $292M rsETH bridge exploit
KelpDAO says LayerZero endorsed its bridge setup before the attack, while CEO Bryan Pellegrino has dismissed the lawsuit as meritless.
The Sandbox pledges 1:1 repayment after $700K bridge exploit
Eligible holders on Base and BNB Chain will receive Ethereum-based SAND from the project’s treasury, with claims expected to open within two weeks.
Meow partners with Stripe and Bridge to provide startups with integrated financial services encompassing fiat and stablecoin currencies.
According to Foresight News , US fintech company Meow has partnered with Stripe and Bridge to provide startups with integrated fiat and stablecoin financial services. Meow issues global corporate cards through Stripe Issuing, currently allowing users to make direct purchases using their stablecoin balances in 10 regions, with plans to expand globally. Simultaneously, leveraging Bridge's Orchestration API and Stripe's treasury, businesses can send and receive stablecoins using their cash balances on the same platform, with fiat and stablecoin balances displayed side-by-side. Furthermore, Meow has achieved one-click integration with QuickBooks and Xero, significantly simplifying the automated reconciliation process for stablecoin transactions, reducing settlement times from hours to minutes.
Etherlink: EVM Bridge attempted to suspend transfers due to a security attack; no funds have been lost so far.
According to Foresight News , Etherlink has announced that its EVM Bridge has been targeted by a security attack. As a precaution, all transfers have been suspended to protect user funds while the issue is under investigation. No funds have been lost. The team is working closely with LayerZero, Asymmetric Research, and Zeeve to investigate the issue and ensure that the attack attempts are fully mitigated. A timeline for service restoration has not yet been determined.
White-Hat Hackers Route Coldcard Exploit Bitcoin Into 'Recovery Trust'
Galaxy Research says white-hat actors consolidated coins tied to the exploit into a fresh address tagged for a "Crypto Recovery Trust," though the funds represent just 2.8% of the total haul.
Saudi Arabia exits China-backed mBridge CBDC project: FT
Saudi Arabia has left mBridge, a cross-border CBDC platform that has drawn scrutiny from US policymakers, according to the Financial Times.