According to ChainCatcher news and the official blog, 1inch disclosed that it discovered a security vulnerability on December 9, allowing attackers to fraudulently gain access to the private keys belonging to the owner of the 1inch Labs parser smart contract.The attackers exploited this access to change the contract's settings and transferred funds from the 1inch parser. 1inch stated that its team acted quickly to resolve the issue, the attackers revoked the stolen access, and 1inch strengthened its security measures to prevent such incidents from happening again in the future.1inch stated: "Since our protocol is non-custodial, user funds are safe. The 1inch application and infrastructure are unaffected and remain completely secure."

ChainCatcher news, according to Lookonchain monitoring, before the market crash, the 1inch Foundation multi-signature wallet deposited 3.2 million 1INCH (approximately 1.69 million USD) into Binance.

ChainCatcher news, according to on-chain data analyst Yu Jin's monitoring, the 1inch team investment fund has sold 1INCH for the third consecutive day, exchanging a total of 5,217,000 1INCH for 2,815,000 USDC over the past day.Data shows that since the 5th, the 1inch team has sold a total of 15,698,000 1INCH for 8,380,000 USDC, with an average selling price of $0.533.

According to ChainCatcher news, monitoring by Ember shows that the 1inch team investment fund continued to sell some 1INCH 7 hours ago, selling 2.823 million 1INCH for 1.496 million USDC.Since the 1inch team started selling 1INCH yesterday, they have sold a total of 10.48 million 1INCH for 5.564 million USDC, with an average selling price of $0.53.Previously, the 1inch team spent $5.5 million to buy 22.45 million 1INCH from July to September, with an average price of $0.245.

ChainCatcher news, according to Ember monitoring, the investment fund address of the 1inch team sold 7.657 million 1INCH on-chain 9 hours ago for 4.068 million USDC, at a selling price of $0.531.The 1inch team previously spent $5.5 million to purchase 22.45 million 1INCH from July to September, at an average price of $0.245. Now the price of 1INCH has doubled compared to their purchase, and their profit from this investment has reached $6.42 million (+128%).

ChainCatcher message, Coinbase Assets announced on platform X that Coinbase has opened trading for Degen (DEGEN), Moonwell (WELL), and 1inch Network (1INCH) to users in New York State. New York State users can buy, sell, convert, send, receive, and store these assets through the Coinbase official website and the iOS and Android applications.

ChainCatcher news, according to Finance Feeds, 1inch announced the appointment of Hedi Navazan as the new Chief Compliance Officer of 1inch Group. In this new role, Hedi will be responsible for managing a joint legal, security, and compliance team to address the rapidly changing regulatory environment.It is reported that Hedi has extensive experience in a cross-continental career in traditional finance and banking, having worked at global institutions such as HSBC, managing financial crime and regulatory teams across Europe. She also served as the Vice Chair of the Digital Assets Working Group of the Global Coalition to Fight Financial Crime established by the World Economic Forum.

ChainCatcher news, DEX aggregator 1inch has announced the appointment of Hedi Navazan as the new Chief Compliance Officer. Hedi will oversee a joint team of legal, security, and compliance to address the rapidly evolving regulatory environment.Hedi previously served as the vice-chair of the Digital Assets Working Group of the Global Coalition to Fight Financial Crime, which was established by the World Economic Forum.

ChainCatcher message, according to Scam Sniffer monitoring, Lottie Player suffered a supply chain attack earlier today, which may have affected projects such as 1inch and Movement.

ChainCatcher news, according to official sources, 1inch has announced a long-term partnership with the Bruce Lee Family Company, aimed at promoting the adoption of DeFi and Web3. Through this collaboration, both parties are launching an advertising campaign with the slogan "Take crypto seriousLee." The campaign aims to change people's perceptions of cryptocurrency, moving it away from being seen as unserious or purely speculative, and conveying to the public that it represents the future of the financial system.

ChainCatcher news, the decentralized trading protocol 1inch has announced the launch of Fusion+, bringing cross-chain functionality to users. Fusion+ allows users to maintain full self-custody of their assets while ensuring that transactions are fully completed on both networks involved, without relying on third parties. This feature ensures that cross-chain swaps are secure, trustless, and operate entirely through verification. Currently, Fusion+ is in the testing phase, and users need to manually enable it in the settings.

According to ChainCatcher news, as the title sponsor of TOKEN2049, OKX Web3 will host the "OKX Web3 Wallet Carnival and MemeCoin Summit" on the first day of TOKEN2049. The theme of this summit will focus on OKX Web3 Wallet's leading products, on-chain innovation, and MemeCoin culture, and will invite well-known on-chain protocol founders, project parties, and opinion leaders such as Sandeep Nailwal, co-founder of Polygon Labs, Sergej Kunz, co-founder of 1inch, and Keone Hon, co-founder and CEO of Monad Labs, aiming to create a night filled with entertainment and in-depth discussions about MemeCoin.It is reported that the event will take place on September 18, 2024, from 19:00 to 00:00 (UTC +8), and attendees will have the opportunity to engage with industry thought leaders and creators. In addition, the gold sponsors of this event include industry giants such as Polygon, Aptos, Ankaa, 1Inch, DeepLink, Fractal, DappOS, Scallop, Google, Magic Eden, SlowMist, and CoinTelegraph, whose support highlights the significance of this event in the Web3 and MemeCoin communities.

ChainCatcher news, according to Cointelegraph, 1inch Network has released a new white paper aimed at addressing the urgent challenges of cross-chain interoperability in the cryptocurrency space. 1inch Network also revealed that it is developing a hybrid solution called 1inch Fusion Atomic Swap Protocol.It is reported that this white paper was released against the backdrop of growing interest in cross-chain interoperability solutions, following the announcement by Ethereum co-founder Vitalik Buterin in early August regarding plans to solve cross-chain interoperability between Ethereum L2s.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, after the 1inch team purchased 1INCH this morning, the price of 1INCH has risen from $0.22 to $0.27, an increase of 18%.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, in the past 50 minutes, the 1inch team spent 2.51 million USDC to buy 10.99 million 1INCH.

ChainCatcher news, according to Ember monitoring, the decentralized trading protocol 1inch team has once again made a large-scale purchase of its native token 1INCH. In the past hour or so, the team used 1.673 million USDT to buy 6.694 million 1INCH.Since July 5, the 1inch team has invested a total of 2.993 million USDT, purchasing a total of 11.454 million 1INCH, with an average purchase price of $0.26.

ChainCatcher message, according to MistTrack monitoring, the official Discord of 1inch is suspected to have been hacked and phishing links have been posted. Please be cautious about the safety of your funds.

ChainCatcher news, according to Ember monitoring, the investment institution of 1inch, Pantera Capital, recently sold 1INCH. Two hours ago, Pantera Capital transferred 13.65 million 1INCH ($3.55M) to Coinbase Prime.It is reported that Pantera Capital acquired a total of 96.5 million 1INCH through investment. They started selling 1INCH in batches 28 days ago (7/23) and have currently transferred 59.11 million 1INCH ($17.87M) to Coinbase Prime.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, the 1inch team has spent 728,000 USDT to buy 2.91 million 1INCH in the past 5 hours. In addition to a portion they purchased on July 5, they have spent a total of 1.32 million USDT to buy 4.76 million 1INCH over the past one and a half months, with an average price of $0.277.