Also, here's a message for the attacker: you did wrong. You should have reported the bug, got big bounty and could capitalize on the fact that 9 top audit firms missed it.
Instead, you chose the wrong path both in moral and practical terms, even though you're clearly smart.
So the Tornado Cash Coinbase-backed lawsuit against the Treasury went in our favor. The courts rejected the DoTs position that a smart contract is illegal.
Then nothing happened.
Is tornado cash safe to use now? What happened to that?
If you're a little frustrated, I'm more than a little frustrated. OFAC continues to list Tornado Cash on its sanctions list and prevent U.S. persons from using it. That’s even though the Fifth Circuit has clearly held that OFAC did not have the power to impose these sanctions. Here's why: 1/3
At 23:00 CET on 05.03.25, the 1inch team discovered a vulnerability in resolver smart contracts using the obsolete Fusion v1 implementation. No end-user funds were at risk—only resolvers using Fusion v1 in their own contracts.
For the benefit of the whole industry we are sharing this report: Summary:
Only very few machines had access. Initial compromise happened trough a supply chain attack via a privileged docker image doing "yaml load" from disguised but malicious sources. From there privileges were extended despite layers of security. Eventually Bybit was targeted.
It will take the whole industry to step up to defend against those kind of attacks.
For full transparency and security, all WLFI swaps will be executed through this safe: Etherscan: 0xa713fc94db054aa435af4d9c66c3433dca98559f
This is the official address where you can track all of our onchain purchases. All holdings will be sent back to our main safe after execution.
No other addresses will be used for swaps. Stay safe. Stay informed.
L1 vs L2. Was chatting with a founder this morning.
Does it matter if a new AI project is an L1 or an L2?
The project's core is not to develop a better blockchain, but to use a blockchain to help with AI economics.
Having your own L1 feels like you have more sovereignty, more decentralization, etc. But it's also a lot more work. Nodes, validators, etc. You are also kinda on your own island.
L2 saves you all that work. And doesn't seem to have much value leakage to the L1 you are on (like ETH). You get to use the DEX, perps, existing tools, and the community.
Is L1 cooler than L2 or the reverse? Old topic, but wondering if sentiment has changed or not.
According to Sergej Kunz (@deacix), the @1inch edge in DeFi comes from relentless innovation—intent-based swaps, MEV protection, and now cross-chain execution. With Solana's support in the works, competition only fuels their drive to stay ahead.
Read the full article: https://t.co/Oh13jRd9HB
🇺🇸 The SEC declares meme coins are not considered securities.
SEC claims meme coins "do not involve the offer and sale of securities under the federal securities laws."
In April, the SEC issued a Wells notice claiming that Uniswap Labs operated as an unregistered broker, operated an exchange, and issued an unregistered security
As of yesterday, that investigation has officially been closed, and the SEC is taking no enforcement action
This is a huge win for DeFi and reaffirms what we’ve always known – that the technology we build is on the right side of the law, and our work is on the right side of history 🦄