Initia Halts Chain After MoveVM Mint Exploit as $2.7M Moves Out
Initia halted its L1 and rollups after a suspected MoveVM minting flaw enabled roughly $2.7M in cross-chain transfers. Agora disputes claims its AUSD contract was minted or compromised.
Dave Finances covers the latest developments across cryptocurrency markets, including Bitcoin, Ethereum, altcoins, crypto exchanges, regulation, market structure, liquidity, institutional activity, blockchain infrastructure, and major industry events. Our coverage focuses on market-moving developments, company announcements, regulatory changes, trading activity, and trends shaping the global digital asset ecosystem.
Initia halted its L1 and rollups after a suspected MoveVM minting flaw enabled roughly $2.7M in cross-chain transfers. Agora disputes claims its AUSD contract was minted or compromised.
Phantom launches Kalshi event trading for eligible U.S. wallets with CASH funding, 2-cent contract fees, state restrictions and a disclosed revenue-sharing arrangement.
A new blockchain investigation has identified approximately $621 million in USDT–USDD conversion activity linked to subsequently frozen wallets, cryptocurrency hacks, or counterparties associated with Xinbi Guarantee, raising questions about how…
Cryptocurrency wallets linked by security researchers to the recent Cysic bridge exploit have transferred approximately $743,700 in digital assets into Tornado Cash, raising questions about the recoverability of funds associated…
Blockchain analytics firm Bitquery has identified approximately $1.4 billion in suspected wash-trading activity across 438 liquidity pools on Raydium, raising questions about the reliability of reported trading volumes and liquidity…
Musk says independent committees are studying a SpaceX-Tesla merger. June filings show a combined 30,221 BTC, but valuation, AI spending and shareholder approval matter more.
ZachXBT links a suspected $2.84M October 8 institutional theft to SquidSquad and tracks 1,111.2 ETH through Tornado Cash, Tron and suspected OTC destinations.
On-chain analyst EmberCN traces a $20M USDC deposit into Hyperliquid and $22.4M of CL and Brent crude longs after a whale's $29.52M ETH sale.
PeckShield links 1,255.8 ETH in Tornado Cash deposits to a wallet associated with the June Aztec Connect exploit; this is not a new compromise.
Liquid Federation enables semi-automated BTC–L-BTC swaps but keeps direct peg-outs restricted until full backing returns after the September exploit.