Around 70% of document sets presented under a letter of credit are rejected the first time, a figure widely cited in trade finance practice.
A discrepancy can be as small as a date or a name that doesn't match from one document to the next.
Each one means another round of checks before the exporter gets paid.
A few days ago Keystone was actively marketing at Ledger’s expense and posted a video showing off their anti-tamper protection, framing themselves as the more secure option. They were also publicly highlighting and demonstrating the exact weaknesses in the system that many of us had already been criticizing.
Now their own website gets breached. The attacker obtained customer names, contact details and shipping addresses (~26k records) plus the WebAuth key used to verify whether a device is genuine. That key is permanently burned into the devices during manufacturing, so the risk of counterfeit units that pass the official authenticity check is real. They’re destroying almost 19k devices from inventory and pausing shipments as a result.
Seeds and private keys weren’t exposed, but leaking real customer data together with the authentication key is a very dangerous combination — and the timing after their recent anti-Ledger push makes it even worse.
Meet IOTA Storage: decentralized storage, native to IOTA.
Store files and host websites straight from your IOTA wallet. Pay in IOTA. No new token, no bridge. Every file you store is an object you own.
Live on IOTA testnet 👇
https://t.co/WJPkovJVpH
Yes, it's in the v1.33.1 release notes, PR #12937: https://t.co/XegUnU1liy
The fix is on the validator side, not in the signing flow. Validators check signatures in batches. If a batch included an invalid certificate, a valid one signed by a multisig with a passkey member could be rejected along with it. Now each one is judged on its own.
Wallets don't need to change anything: multisig + passkey transactions are signed exactly as before. They just won't be wrongly rejected anymore. 👍
@birdie_ttm Hi Birdie! It's a fork of Pools Finance and works exactly the same way. If you don't feel safe yet, just try it with a few cents first. You'll see how simple it is 🙌💙
New on TokenLabs DEX 💧
vIOTA/USDT0 liquidity pool is live
→ Add liquidity, earn 0.3% of every swap
→ Stake your LP in the Farm: ~179% APY in TLN*
→ One click, self-custody
🔗 https://t.co/Gxy8idaMhc
#IOTA#DeFi#vIOTA#USDT0
*APY is variable, not guaranteed. DYOR.
TokenLabs Validator Node Updated ✅
Our validator is now running the latest v1.32.1 on the #IOTA Mainnet, ready for Protocol Version 36
Validators can commit a block once they already agree. A frozen smart-contract account can no longer approve a transaction, as sender or as the account paying gas. A normal wallet is not affected
Network security and reliability remain our top priority 🛡️
🗳️ Tokenlabs Governance: Community Vote Status on the Virtue Incident
At Tokenlabs, decentralization, immutability, and blockchain fundamentals are not theoretical concepts: our community comes first and holds the final say. That is why we placed the decision regarding the scenarios proposed around @Virtue_Money directly into the hands of our members
The interim result is clear and decisive:
• Plan C (Constructive abstention / Aligning with network consensus once the threshold is reached): 39 votes (90.7%)
• Plan A (Position rebuild): 2 votes (4.65%)
• Plan B (Net value compensation): 2 votes (4.65%)
Our Position: Responsibility, Prudence, and Network Alignment
We fully recognize the complexity of this incident and the urgent need to find a viable, fair resolution for all affected positions while preserving confidence in the entire ecosystem
Given the weight of this precedent, our community has chosen the most responsible path: Plan C. As a validator, our duty is to avoid tipping the scales prematurely. We will maintain an active abstention, committing to cast our vote in alignment with the broader network consensus once the validator set reaches the required threshold
The Poll Remains Open
This vote is not closed. We believe in living, transparent on-chain governance: if you are part of the Tokenlabs community and have not yet cast your vote, join our official Telegram channel and make your voice heard
We will continue tracking every development with total loyalty to our community and an unwavering commitment to the stability, integrity, and future of the #IOTA network 🌐🤝
We made it to Shanghai 🇨🇳
Orobo just pitches at the WeStart Top100 Semi-Finals, after qualifying through Singapore.
Now we wait for the results 🤞 while getting into business matchmaking in Shanghai and Suzhou.
Exciting few days ahead 🚀
@SoNowSann@XNodeAccelerate
🇬🇧 🇺🇸 Governance vote:
Virtue Money recovery
As a validator we have a responsibility.
On a decision of this weight we do not want the picture of a few votes.
We want the picture of the whole community.
This is not a purely technical decision.
It is about fairness and legitimacy: how the affected positions and the restricted assets should be handled.
And it is about the fundamental question of how immutable a ledger remains.
We need the community’s voice.
Plan A (virtue)
Rebuild each of the 45 positions from the last clean snapshot (IOTA collateral, original VUSD debt).
Plan B (virtue)
If the proposal fails or assets are insufficient, Virtue pays the pre-liquidation net value in IOTA.
Plan C (added)
We abstain until the required threshold is reached — stay in consensus, no premature vote.
Discord Vote https://t.co/aU7BFGuWC9
#virtue-money-hack-vote
Discuss:
#virtue-money-hack-discussions
Info:
#virtue-money-hack-info-en
#virtue-money-hack-info-dach
Please vote only once.
If the same person votes more than once, that vote is invalid.
Trades get queried months after settlement, by parties who were not there and cannot call anyone who was.
A record that only holds up while someone can vouch for it is no use to them.
What holds up is a history nobody could revise.