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BTC $76,122.42 +0.09%
ETH $2,253.80 -0.87%
BNB $615.94 -0.51%
XRP $1.36 -0.19%
SOL $82.91 -0.19%
TRX $0.3258 +0.77%
DOGE $0.1057 +3.20%
ADA $0.2455 +0.62%
BCH $440.51 -1.73%
LINK $9.10 -0.24%
HYPE $39.25 -0.90%
AAVE $92.98 -1.14%
SUI $0.9054 -0.13%
XLM $0.1590 -0.93%
ZEC $340.89 +5.38%

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Syndicate Labs suffered a private key leak attack, approximately 18.5 million SYND were transferred, and they promised full compensation to users

According to official news, Syndicate Labs disclosed that its cross-chain bridge contract was maliciously upgraded on two chains due to a private key leak. The attacker transferred and sold approximately 18.5 million SYND (about $330,000) and around $50,000 worth of user tokens. The incident only affected specific chains, while others were not impacted.Syndicate Labs stated that this attack involved multi-stage reconnaissance, infrastructure mapping, and careful execution, demonstrating a high level of technical complexity, and ruled out the involvement of internal personnel. The root cause was that the private key was stored in a password management tool without an additional layer of encryption, and the upgrade process did not utilize multi-signature or hardware signature mechanisms, nor did it have early warning and circuit breaker measures for contract upgrades.Syndicate Labs announced that it will fully compensate all affected users, including returning 18.5 million SYND and providing additional compensation, while also fully compensating affected application chain clients. The company has initiated security upgrade measures, including strengthening private key encryption, tightening access permissions, and plans to introduce hardware or multi-signature mechanisms and upgrade path monitoring to prevent similar incidents from occurring again.

RootData released the eighth issue of the "Cryptocurrency Exchange Transparency Rankings (Stock Category)": BingX makes the list for the first time, while XT.com falls out of the top ten

Web3 asset data platform RootData released the eighth issue of the "Cryptocurrency Exchange Transparency Rankings (Stock Category)," continuing to focus on the growth trend of stock assets in cryptocurrency exchanges. In this ranking, Binance, OKX, Bybit, Gate, and Bitget continue to occupy the top five positions.In terms of ranking changes, BingX entered the list for the first time at ninth place due to a significant increase in traffic, while XT.com fell out of the top ten this issue due to a decline in trading volume and insufficient compliance transparency.In terms of traffic, leading platforms showed a moderate decline. Newly ranked BingX had a weekly traffic of 7.6 million, placing it second, just behind Binance. Meanwhile, Ourbit's traffic plummeted from 1.33 million to below 310,000, a drop of over 76%, making it the exchange with the largest decline in traffic this issue.Additionally, according to the ranking data, almost all exchanges experienced a significant decline in daily average trading volume, with decreases generally between 10% and 25%.It is reported that RootData adheres to the principle of "transparency first" and has taken the lead in establishing a dual evaluation system of "transparency + liquidity" in the field of stock cryptocurrency exchanges, thereby providing investors with more effective data references. The platform will continue to enhance and publish this ranking in the future.
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