Wow, the World Mobile discord channel has gone mad. Can't have a general chat or issue the fact it's a sh*t position for all...
Instead, timed out for 7 days! Wowsers..
I'm quite shocked. No warning, no lecture. Not quite sure what I said that offended.
The future of base:0x3e31966d4f81c72d2a55310a6365a56a4393e98d is on @Base.
We’re moving from incident containment into recovery, with Base at the centre of what comes next:
- @Coinbase, @Krakenfx and @Bitvavocom support Base base:0x3e31966d4f81c72d2a55310a6365a56a4393e98d
- World Mobile Chain is built on @Base and accessed through Base base:0x3e31966d4f81c72d2a55310a6365a56a4393e98d
- base:0x3e31966d4f81c72d2a55310a6365a56a4393e98d staking continues on Base
- @HydrexFi now holds the largest onchain liquidity pool for base:0x3e31966d4f81c72d2a55310a6365a56a4393e98d, anywhere sitting in the top 5 pools for rewards on their $100K/week for 15 weeks bonus program
- New single sided ICHI incentives are live on @HydrexFi. Buy base:0x3e31966d4f81c72d2a55310a6365a56a4393e98d, supply single sided, and start earning. https://t.co/7CYTSoCEaQ
Ethereum base:0x3e31966d4f81c72d2a55310a6365a56a4393e98d will be permanently deprecated. Do not trade, transfer or transact with it. Eligible holders identified through the pre exploit snapshot and chain analysis will receive the corresponding base:0x3e31966d4f81c72d2a55310a6365a56a4393e98d on Base.
We’re working with exchanges to restore trading and will announce confirmed reopenings through our official channels.
This is where we build. Thank you for holding with us through this. Our next chapter is bigger. We're unstoppable.
Full holder guidance below.
@CloverNodes Is there any information on how purchases made on DEXs prior to the warning will be handled? What will happen to those currently still trading? What is the proposed solution? Do you have any information on this?
WMTX Security Update ⚠️
Our response to the SingularityNET bridge exploit remains active.
Trading on centralized exchanges remains halted. While we cannot control activity on decentralized exchanges, our guidance is clear: do not trade or interact with WMTX at this time.
We are continuing containment work, pre exploit snapshot reconciliation, and coordination with exchanges and security partners.
Please use this as the primary source for detailed incident updates and holder guidance.
We will continue to publish major developments here on X as they are confirmed.
🚨 The https://t.co/YdGU13hz8c exploit has a fourth victim nobody has named: World Mobile.
500,529,231 WMTX minted through its own converter, 03:38-04:36 UTC. Different company, different multisig, no shared signers. Same compromised signing pattern.
https://t.co/iB9m9rjeJX
This is the part that stops being a https://t.co/YdGU13hz8c story.
World Mobile's converter is 0x63bbc71c, a TokenConversionManagerV2 — the same contract family as the https://t.co/YdGU13hz8c V3 and the SingularityNET v1. Its owner is a 3-of-4 Safe at 0x9369334c. I pulled the signer list on both multisigs and compared them: zero overlap. Two unrelated organizations.
What they share is the shape of the key that broke.
Three signing keys, all with nothing behind them
FET authorizer 0x69e5446b — nonce 0
AGIX authorizer 0x69697dac — nonce 0
WMTX authorizer 0x09578799 — nonce 0
None of the three has ever sent a transaction. A signer address that has never transacted is not sitting in someone's hardware wallet — it exists to be called by a server. Three separate projects, three keys that live in backends, all three producing valid signatures for the same attacker on the same night.
That is the dependency worth naming. Not the contract.
How the WMTX leg ran
504 mints, 03:38:23 to 04:36:11. 500 of them exactly 1,000,000.
The recipient nets 997,000 per call, not 1,000,000 — the missing 3,000 leaves in two 1,500 fee transfers to 0xe7b81ea2 and 0x48b21074. So the per-call figure is the cap, less a 0.3% fee. Same signature as the AGIX leg: a long run of identical maximum-size calls is what a binding limit looks like from outside.
WMTX totalSupply went 1,027,930,149.42 to 1,494,037,869.44. Up 466,107,720, a 45.3% increase, net of the conversions burning in the other direction.
Converter balance now: zero.
V2 kept the brake that V3 dropped
conversionIn on this contract carries checkLimits(amount), nonReentrant and notZeroAddress. The https://t.co/YdGU13hz8c V3 version of the same function carries only notZeroAddress.
That is why the WMTX leg needed 504 transactions and the FET leg needed one. The regression is specific to V3. Anyone auditing this family should diff conversionIn across versions before anything else.
The number that is still open
V2 enforces a maxSupply, set to 2,000,000,000 WMTX. Supply is at 1,494,037,869.
505,962,130 WMTX are still mintable, and the authorizer that signed all 504 calls has not been rotated. The minting stopped at 04:36. Nothing on-chain made it stop.
Do not print the notional
The two collector wallets hold 398,577,793 WMTX between them. At screen price that reads $6.45M.
Total WMTX liquidity across every pool on every chain is $470,366, and most of it is the WBNB pair on BSC, not Ethereum. The realizable number is bounded by that, not by the balance.
This is the third time tonight the same trap has been set. The NTX mint was reported at $462,730 against $27,400 of liquidity and returned $42,367. Read the pools, not the balance.
There is a fifth
Collector #2 also received 492,397,101 CGV, Cogito Governance Token, minted straight to it.
Total CGV liquidity: $37. Nothing to realize, which is presumably why half of it was moved on rather than sold.
Where the money actually is
collector #1 0x2dcc1085fdcf418b421e45e86e4e54637cc21dfe — 632.92 ETH
collector #2 0x83f4424a401a9bb75f90314f21adaea6a9ce09c5 — 83.88 ETH
716.80 ETH between them, unmoved. The FET leg alone accounts for 522.78 of it. Four token mints across three converters produced less than the single swap that started the night.
Addresses
WMTX token — 0xdbb5cf12408a3ac17d668037ce289f9ea75439d7
WMTX converter — 0x63bbc71c034bc99a905d5594df985c218a35d392, V2, emptied
WMTX authorizer — 0x09578799fd680ffbafd3c84276d598cd3b0ac9c1, nonce 0, unrotated
WMTX owner Safe — 0x9369334cc21f445731201eca008419751e4e9e5d, 3-of-4
CGV token — 0xaef420fd77477d9dc8b46d704d44dd09d6c27866
Verified at block 26,016,886, 06:19:47 UTC.
@MrTelecoms@SingularityNET All my thoughts to the WM Team.
I have personally reached out to Binance Assistance which told me to ask the Team to provide Binance with the official Plan and detailed handling proposal, including:
- The snapshot criteria and which wallets/holders are eligible;
... --->
#PeckShieldAlert The same exploiter has exploited @SingularityNET, resulting in the unauthorised minting of 260M $AGIX & 53.838M $WMTx on Ethereum.
The exploiter currently holds ~$16.77M worth of crypto, including 198.3M AGIX (worth $14.42M), 649 $ETH (worth ~$1.67M), and 33.538M WMTX (worth $627.35K).
Did Charles kill this coin or did he sell the ranch?
If $ADA is not dead, then it's potentially deep value.
Signs of a reversal on this weekly chart:
- Reversal candle
- Price is above trending dots
- Green trending dot
Dead cat bounce could be 77%.
If the project team consistently acts in alignment with the original objectives and the shared prosperity of both themselves and their investors—including not only strategic partners but also retail investors—then there is no reason why the project would not thrive.
CLARITY failed to advance.
The SEC has a plan to help eligible crypto projects raise money.
The bill also deals with customers’ money when a platform goes bust.
The fallback is real. It isn’t a copy of CLARITY. 🧵
The Era of Democratic Delay in Crypto Is Ending
The collapse of the Clarity Act is a disappointment, but it should not surprise anyone who has watched Democrats’ long war on crypto.
For years, the Biden administration treated the industry not as a source of American innovation, capital formation, and technological leadership, but as a political nuisance to be regulated into submission. Gary Gensler’s SEC pursued enforcement by ambush. Elizabeth Warren and her allies portrayed an entire emerging financial system as little more than a haven for criminals and speculators. The Federal Reserve, banking regulators, and Democratic appointees repeatedly signaled that crypto firms were unwelcome in the regulated financial system.
So much for bipartisan good faith. Anyone who believed Team Warren would readily negotiate a durable framework for digital assets was indulging a fantasy.
Yes, time has been lost. Congress has failed to provide the statutory clarity investors, entrepreneurs, and consumers deserve.
That failure matters because good legislation could strengthen investor protections while allowing the United States, not Europe, not Asia, and certainly not authoritarian competitors, to set the rules for the next generation of finance.
But crypto is not waiting for Washington.
SEC chairman Paul Atkins made the path forward clear last week. The agency, he said, is “ready, willing, and able” to produce rules addressing the same questions that Clarity was meant to resolve.
The CFTC is ready to go as well. Under Atkins, Treasury secretary Scott Bessent, Kevin Warsh, and a Trump administration broadly committed to innovation, Washington has the personnel and the institutional capacity to provide workable rules, preserve market integrity, and let legitimate firms build.
That is not a perfect substitute for law. Rules can be reversed by a future SEC chairman or CFTC leadership. Statutes are more durable. But Democrats’ obstruction does not mean they can put crypto back in the box.
The fundamentals for Bitcoin remain strong. In a world drowning in excessive sovereign debt, persistent fiscal deficits, and currency debasement, the thesis for digital gold has not changed. Bitcoin’s fixed supply, global liquidity, and independence from political discretion give it a role that increasingly resembles a modern monetary hedge.
Investors do not need to believe Bitcoin will replace the dollar to recognize its value as protection against the deterioration of fiat purchasing power.
Finance is already moving onchain. BlackRock’s bitcoin ETF has become one of its most successful products. Nasdaq and JPMorgan are pushing asset tokenization. Visa, Mastercard, Stripe, and Coinbase are building stablecoin infrastructure. Robinhood has launched a blockchain tied into decentralized-finance applications. The Office of the Comptroller of the Currency has granted trust charters to firms including Circle, Ripple, and Paxos.
The rest of the world is moving too. The European Union, Japan, and even Russia are developing rules for the digital-asset era. America can lead this transformation, or Democrats can keep pretending it is 2017.
Washington has always been slow to understand technology. Congress stumbled over telecommunications reform in 1994, yet the internet expanded anyway. Netscape went public, Amazon and eBay launched, and the web exploded before lawmakers finally caught up in 1996.
Crypto’s trajectory is similar.
Democrats may delay reform. They cannot stop the technology, the capital, or the global shift in finance.
The way forward is clear, let
innovation proceed, let the SEC and CFTC provide workable rules, and let Congress eventually catch up.
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