Hackers are using the ‘classic EIP-7702’ exploit to snatch WLFI

Hackers are using the ‘classic EIP-7702’ exploit to snatch WLFI

World Liberty Financial token holders are reportedly being drained of their WLFI tokens. One security expert points to a phishing exploit tied to Ethereum contracts. World Liberty Financial’s (WLFI) governance tokenholders are being hit with a known phishing wallet exploit using Ethereum’s EIP-7702 upgrade, SlowMist founder Yu Xian says. Ethereum’s Pectra upgrade in May introduced…

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Businesses are absorbing Bitcoin 4x faster than it is mined: Report

Businesses are absorbing Bitcoin 4x faster than it is mined: Report

Businesses are outstripping miner output several times over, potentially triggering a supply shock if exchange reserves continue to dwindle. Private businesses and public companies are absorbing Bitcoin (BTC) nearly four times faster than the rate at which miners are producing new coins, according to Bitcoin financial services company River. These businesses included publicly traded Bitcoin…

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Here’s what happened in crypto today

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, the US Commodity Futures Trading Commission opened a pathway for offshore exchanges to legally serve American clients. Kanye West’s YZY token collapsed over 80% after…

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