Earlier today, an exploit affected Colony contracts on Arbitrum.
Direct losses across all affected colonies are understood to be ~$190.5k.
We have completed our investigation and have a clear picture of what happened, the affected scope, and the likely consequences. We have not identified any further funds at risk.
We are in contact with the affected parties, and will reimburse them for direct losses from this incident.
Settlement shouldn’t wait.
Not for banks. Not for borders.
Colony puts payments onchain — instant, transparent, unstoppable. Exactly how they should be.
Corporate financial transparency shouldn’t be radical — it’s simply responsible.
When the whole team knows the numbers, everyone becomes a custodian of the treasury.
Stablecoins just had another record month.
Over $5.3 trillion in stablecoin transaction volume was processed in August, the most ever in a single month.
Looks like this stablecoin thing is really catching on.
We’re at the start of the next internet.
The last era took us from offline → online.
This one is taking us from online → onchain.
Ownership, identity, and coordination are becoming native to the web.
What a time to be alive! 😎
stablecoins are a platform shift in payments.
the internet made communication instant. stablecoins are doing the same for money.
we're in the first inning of this shift, and the truth is that even post-GENIUS, we're still thinking too small.
My thoughts in @CoinDesk👇