Tom

Honest trading stories 📊 | Solana supporter 🚀 | Travel junkie ✈️ | Rider by passion 🏍️

[Tom @TomBuysDips]

@Venom_network_ Already an Associate

[Venom Network @Venom_network_]

🏆 Unlock New Roles and Prizes 🏆

We a have a number of server roles for contributors. Higher ranks unlock priority giveaways, exclusive events, and bigger rewards.

Current roles:

• Ambassador — 561
• Associate — 676
• Bachelor — 205
• Master — 31
• Doctor — 9

👀 Your place in the community is waiting. Join here: 🔗 https://t.co/oAGnY0wOBY and start stacking.

[Tom @TomBuysDips]

@VenomFoundation @origamitech_ Already on https://t.co/gMG75LhEQd

[Tom @TomBuysDips]

@VenomFoundation @louis_tsu Already bookmarked

[Venom Foundation @VenomFoundation]

📰 Bridges Are Crypto’s Achilles’ Heel: A New HackerNoon Article by VF CEO Christopher Louis Tsu 📰

Venom Foundation CEO @louis_tsu breaks down why bridges keep getting hit hard, why the real test isn’t just the code or the audits, and what actually separates solid teams when something breaks in his latest article on HackerNoon.

🔑 Key to correcting the problem are speed, precision, verified info, and real preparation.

👉 Check out the full article here: 🔗 https://t.co/32Ek5BBCOm

[Tom @TomBuysDips]

@origamitech_ @VenomFoundation 😎😎

[Origami Tech @origamitech_]

250,000 $VENOM Trading Competition on @origamitech_ with @VenomFoundation

Join the waitlist: https://t.co/JPQqVEMss5

Trade VENOM-USDT on KuCoin, stack volume, and climb the leaderboard.

The higher you rank, the bigger your cut of the rewards.

Prize Pool: 250,000 VENOM

Waitlist opens: 12:00 UTC, Aug 7
Start: 12:00 UTC, Aug 8
End: 12:00 UTC, Aug 22

New to Grid Leagues? Setup takes under 5 minutes:

https://t.co/UIPZcT72rn

[Tom @TomBuysDips]

@VenomFoundation Origami Tech and Venom delivering a bigger prize pool than the last competition shows both teams operating with growing confidence

[Venom Foundation @VenomFoundation]

🏆 Join the competition now and win your share of the 250,000 $VENOM prize pool: https://t.co/jsDcaEtGc3

[Tom @TomBuysDips]

@VenomFoundation ChainConnect patching every affected deployment and conducting a full callback review is the remediation that restores confidence properly

[Venom Foundation @VenomFoundation]

🛡 ChainConnect Post-Mortem: Alien Proxy Callback Exploit 🛡

On July 26th, an unauthorized caller exploited an access-control flaw in a ChainConnect bridge contract on Venom 2.0.

The vulnerability was in their application-level code (specifically the ProxyMultiVaultAlien_V10.onCheckAccumulatedFee callback), which lacked proper sender verification. This allowed the minting of unbacked Alien TIP-3 tokens that were then bridged to Ethereum through the standard flow.

The issue was not related to Venom, the TVM, the TIP-3 standard, network infrastructure, relays, or any core components. No keys or privileged access were compromised.

Actions taken and fund recovery

ChainConnect has taken full responsibility, patched the vulnerability across all affected deployments, and conducted a thorough review of their callback and minting logic.

👉 82.9% of the affected funds (~615k USD) were returned, with 17.1% retained as a bounty.

Venom and ChainConnect
Venom is an independent public blockchain. ChainConnect is a separate project building on the broader ecosystem. Our team assisted them during the investigation, but we were not involved in the root cause.

🔗 Full technical post-mortem from ChainConnect: https://t.co/oUurASFCaz

[Venom Foundation @VenomFoundation]

➡️ Time to Move Beyond Active Addresses ➡️

Venom Foundation’s new report calls out active addresses as an unreliable metric for blockchain adoption. 🤖 Many are inflated by Sybils, bots, and automated activity, giving a false picture of real user growth.

They propose better, manipulation-resistant metrics focused on genuine usage.

🔍 Check out the full details in Blockchain Reporter: 🔗 https://t.co/TCRnhaeVvK

[Tom @TomBuysDips]

@VenomFoundation Genuine usage focused metrics replacing bot inflated active addresses would completely reshape how every project in this space gets evaluated

[Tom @TomBuysDips]

@VenomFoundation Already saw this coming

[Venom Foundation @VenomFoundation]

Update on the ChainConnect Security Incident

The ChainConnect team has identified a security incident affecting their bridge platform and has temporarily suspended all bridge operations while its investigation continues.

The Venom team has been in close contact with ChainConnect and is providing assistance throughout the investigation. We will share additional details as soon as verified information becomes available.

What you need to know

🔎 ChainConnect is actively investigating the incident with support from the Venom team.

⛔️ The ChainConnect Bridge has been temporarily paused as a precaution.

🛡️ Based on the information currently available, the incident is limited to the ChainConnect Bridge and does not affect the operations of the Venom Network.

✅ No impact to assets held directly on the Venom Network has been identified at this time.

Important

❗️ Please do not interact with the ChainConnect Bridge until further notice.

‼️ ChainConnect is an independent ecosystem product built on Venom. The investigation currently concerns the ChainConnect Bridge and the vulnerability should not be interpreted as a compromise of the Venom Network.

🙏 Thank you for your understanding and continued support. Further updates will be shared when verified information becomes available.

[Tom @TomBuysDips]

@Venom_network_ NFTs moving to new network

[Venom Network @Venom_network_]

⏳ Stage 5 of Season 6 Coming Soon ⏳

We’ve heard you loud and clear.

Many of you have been asking for clarity on the Early Participant NFT migration, and we’re actively working on it. 🛠️

🔜 In the upcoming Stage 5, you’ll be able to:

• Swap your NFTs to the new Venom network
• Complete fresh tasks
• Explore new token mechanics on the upgraded chain

🤝 This is a major milestone for Venom, so we’re moving carefully and deliberately to make sure the transition is smooth and hassle-free for everyone.

📅 We’ll announce the exact start date soon. Thank you for your patience and continued support! 🙏

Stay tuned. Big things are on the horizon.

[Tom @TomBuysDips]

@VenomFoundation ChainConnect operational on new Venom is the infrastructure confirmation that makes the whole migration picture click

[Tom @TomBuysDips]

@VenturesCapp wish someone had explained this to me when I started out

[Tom @TomBuysDips]

@VenomFoundation Already shared with my network