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The contract has used an “anySwapFeeTo” function to transfer hundreds of thousands of dollars worth of tokens to itself, which on-chain sleuth Spreek suspected may have been malicious. A person is using the Multichain Executor to “drain” tokens associated with the AnySwap bridging protocol, according to a July 10 report from on-chain sleuth and Twitter user Spreek. The report follows previous outflows of over $100 million from Multichain bridges that occurred on July 7, which were reported by the Multichain team as “abnormal.” The Multi chain Executor address has been drain ing anyToken addresses across many chain s today and moving them all to a new EOA pic.twitter.com/gqDaXMBl96 — Spreek (@spreekaway) July 10, 2023 According to Spreek’s July 10 report, “The Multichain Executor address has been draining anyToken addresses across many chains today and moving them all to a new EOA [externally owned account].” An image attached to the post shows Ethereum transaction 0x53ede4462d...

Two blockchain networks had previously announced integration with the Fed’s instant payment service, but they were not found on a new list of certified providers. The Federal Reserve’s upcoming instant payment system, FedNow, released its list of certified “early adopters” on June 29. The organizations on the list have been certified as ready to connect with the platform when it launches in late July. No block chain networks are on the list, despite at least two having previously announced that they would connect to the instant payment system. The FedNow service stated that some organizations not on the list may be integrated later, and Metal Blockchain said it still intends to connect with the platform once it gains “the appropriate bank sponsor.” List of organizations certified with the FedNow Service. Source: Federal Reserve Board Services FedNow is an instant payment service in development by the United States Federal Reserve. The Federal Reserve claims that the service will all...

Join Our Telegram channel to stay up to date on breaking news coverage The Ethereum block chain recently experienced technical difficulties resulting in interruptions to block finalization, leading to concerns about the network’s security. These issues occurred for the second time within 24 hours, raising doubts about Ethereum’s stability and reliability. Developers and experts are actively investigating the cause to determine whether it stems from a flaw in the protocol design or a bug. While on-chain activities were not directly affected by the lack of finality, some services had to adjust their operations. Ethereum’s network remains functional, and steps are being taken to improve its stability and performance to regain the trust of builders and users alike. Technical Issues Hinder Ethereum’s Block Finalization – Transactions Pending! The Ethereum block chain faced a technical problem on Friday, leading to a disruption in the finalization of...

Venom Foundation, a global block chain company, announced a partnership with the Government of Kenya to establish a block chain hub in Africa. Cabinet Secretary, Ministry of Investments, Trade & Industry of The Republic of Kenya Moses Kuria took to Twitter to announce this partnership. This partnership with @VenomFoundation through @venomafrica signifies Kenya's stance towards next-gen technology, financial and technological developments, and will catalyze further innovations in various industries, benefitting people both nationally and globally. — CS Moses Kuria (@HonMoses_Kuria) May 9, 2023 In the post, Kuria said, “This partnership signifies Kenya’s stance towards next-gen technology, financial development, and will catalyze further innovations in various industries, benefitting people both nationally and globally.” Furthermore, the partnership will focus on the development of Web3 and blockchain technology applications. Reportedly, the block chain ...

Source: Adobe/ink drop China has launched a state-backed research center dedicated to exploring blockchain’s potential and achieving core technological breakthroughs related to the technology.  According to a recent report from the local Chinese outlet South China Morning Post, the country's Ministry of Science and Technology has approved the construction of the National Block chain Technology Innovation Centre, which is tasked with researching block chain technology for industrial applications as well as how it could be applied in the national economy. Based in Beijing, the center "will focus on areas of blockchain regarding fundamental theory, software and hardware, with the aim of developing related key technologies and industrial applications," the report said.  The Beijing Academy of Blockchain and Edge Computing (BABEC), an entity popular for developing the Chang’an Chain or ChainMaker blockchain, will lead the research center....

Top10 News 1. BitKeep is suspected to have been stolen in a large area link BitKeep, a non-custodial wallet owned by Bitget, is suspected to have been stolen in a large area. The official said that it is urgently investigating, if the asset loss is caused by the platform, the BitKeep Security Fund will make full compensation. BitKeep stated that the reason is that some APK package downloads were hijacked by hackers and malicious codes were installed. Please transfer funds to wallets downloaded from other official stores (App Store or Google Play). 2. MicroStrategy increases holdings by 2,500 BTC, sells 704 for the first time link On December 22, 2022, MacroStrategy sold approximately 704 bitcoins, which is its first sale of bitcoin since it added BTC to its balance sheet. However, from October 31, 2022 to December 27, 2022, MicroStrategy and its subsidiaries increased its bitcoin holdings by 2,500, making the company a net buyer of BTC. 3. There are wide spread API key leaks from 3C...