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Galaxy Research: Coldcard attackers continue to transfer funds, approximately 45% of the stolen assets have entered mixing or cross-chain pathways

Galaxy Research published that the attackers in the Coldcard "Wave 3" attack are still continuously transferring the stolen funds. During this phase, the attackers created 293 2-of-2 multi-signature wallets for each victim's assets. The first batch of funds was transferred across chains to Ethereum via THORChain; the latest round of transfers has begun entering the CoinJoin mixing process.Currently, the Wave 3 attackers are processing the largest amounts of stolen funds in order of the stolen amount, having sequentially transferred the funds from wallets ranked 1 to 11. The next 10 wallets that have not yet been transferred hold a total of 30.81 BTC, while wallets ranked 61 to 293 hold a total of 33.77 BTC. So far, the attackers have transferred about 45% of the stolen assets from this exploit, with funds flowing to Ethereum (via THORChain) or entering CoinJoin mixing transactions. Additionally, this fund transfer has revealed a previously unknown wallet: 58 addresses jointly spent in a 2-of-2 multi-signature format identical to that of Wave 3, and these were further transferred by the Wave 3 attackers to a jump address that funds CoinJoin.The on-chain analysis team currently marks this wallet as "cause = open," but believes it likely also belongs to Coldcard victims, which means the number of wallets involved in Wave 3 may increase to 294, raising the previously reported total amount stolen from the Coldcard vulnerability to approximately 1806 BTC. Currently, about 82% of the stolen BTC remains in addresses initially controlled by the attackers, while about 18% has been transferred, with the flow of funds indicating that it may be undergoing laundering processes.

Harmony plans to shut down the mainnet and migrate ONE to Ethereum, shifting towards AI video remixing business

Harmony has released two proposals to comprehensively shut down the mainnet launched in 2019, migrate the native token ONE to Ethereum, and shift towards an AI video "mashup economy" business. The team stated that the threats posed by national-level attackers and AI entities are the reasons for proposing the network shutdown plan.The migration plan proposes to take a snapshot of user wallets, staking delegations, validator rewards, smart contracts, and tokens within centralized exchanges at the last block of the network, airdropping new ONE to the same wallet addresses on Ethereum, with holders not needing to actively claim; delegated stakes and unclaimed rewards will be airdropped to their respective governance vaults. The total supply of ONE and the issuance rate will remain unchanged, with newly issued tokens intended for the new business and feedback from governors being considered.Multi-signature wallets, liquidity pools, and on-chain applications cannot be migrated. The team urges users to exit all smart contracts by September 10, 2026, and plans to publicly disclose token contracts, snapshot calculations, and airdrop scripts for auditing. Validators can stop running nodes starting from September 10 at 22:00 Beijing time. The team plans to compensate for the difference in issuance rewards between node shutdown and the final block of the network, establishing a one-time compensation pool of $1.372 million, to be paid in four quarters to validators and their delegators who timely shut down, sign agreements, retain stakes, and serve as governors of the new project.The new business will open up prompts and materials for users to create secondary content, with AI entities expanding video stories, and will recruit operators responsible for video generation, distribution, and content review. Harmony plans to subsidize GPU hardware in the first year and promote demand for video generation, with operators required to stake tokens to earn rewards based on service online time. The team plans to help operators generate up to $1 million in total revenue in the first year, provided they meet staking and online rate requirements; promoters can initially earn a 30% ongoing commission from each $10 monthly subscription they recommend. Both proposals are non-binding and the plans may still be adjusted.

Vitalik releases research on "local mixing" cryptography: exploring next-generation obfuscation techniques, which may become a new foundational primitive in cryptography

Ethereum co-founder Vitalik Buterin published a new article titled "Obfuscation (Part 3): Local Mixing," which delves into a cryptographic obfuscation technique being explored—"Local Mixing." He claims it may become a new foundational cryptographic tool following elliptic curves, RSA, and lattice-based cryptography.Vitalik states that current mainstream obfuscation techniques mainly rely on complex mathematical assumptions, often resulting in extremely high computational overhead. In contrast, Local Mixing adopts a completely different approach, not relying on elliptic curves, large integer factorization, or lattice cryptography. Instead, it draws on experiences from symmetric cryptography and hash function design, continuously shuffling, reconstructing, and hiding circuit structures to eliminate information leakage while maintaining functionality.The Local Mixing technique primarily includes steps such as reversibility, hardening, mixing, splitting, crossing walk, and "gadgetization." By introducing random structures into the circuit, rearranging logic gates, and employing nonlinear hiding mechanisms, it makes it difficult for attackers to recover the original computational logic.Vitalik points out that this technology is still in its early stages, with security not yet validated over the long term and facing challenges such as random attacks and linear analysis. However, he believes that Local Mixing represents a completely new path for cryptographic exploration, aiming to construct more efficient indistinguishable obfuscation (iO) schemes.If breakthroughs in Local Mixing technology are achieved, it could lead to new quantum-resistant public key encryption schemes and promote the development of general obfuscation techniques. The field still requires years of cryptanalysis and optimization validation, but AI-assisted research may significantly accelerate this maturation process. Vitalik states that obfuscation technology is seen as the "final frontier" of cryptography because, theoretically, other cryptographic primitives can be constructed based on obfuscation and one-way functions. Local Mixing may not only reduce the costs of traditional obfuscation schemes but could also become an important direction for future cryptographic infrastructure.

hot_img Wang Xingxing: Entering the capital market is a new starting point, and we will continue to tackle core technologies in embodied intelligence

On August 7, Wang Xingxing, Chairman of Yushu Technology, stated during an online roadshow that entering the capital market is a new starting point for the company. In the future, it will continue to deepen the research and development of core technologies for general embodied intelligent robots and their industrial application, while actively exploring more product forms such as humanoid robots, quadruped robots, and mechas. He emphasized that the embodied intelligence industry is still in its early development stage, and the generalization capabilities of robots need to be improved collectively across the industry. The company will continue to tackle key hardware and software technologies such as large embodied models, scenario data collection, reinforcement learning, and self-research of core components.According to previous news, Yushu Technology's IPO issuance price is 150.80 yuan per share, with an issuance market value of approximately 60.9 billion yuan, planning to publicly issue 40.4464 million shares, accounting for 10% of the total share capital after issuance. In the strategic placement, DeepSeek was allocated 933,400 shares (subscription of 141 million yuan, lock-up period of 36 months), and Shanghai Qishan Investment, a subsidiary of Tencent, was allocated 903,300 shares. Online and offline subscriptions will begin on August 10. Wang Xingxing revealed that the company has achieved the world's number one shipment volume for humanoid robots by 2025, with net profit rapidly increasing after excluding non-recurring items.

hot_img Yushu Technology goes public, founder Wang Xingxing's net worth may exceed 18.3 billion yuan

Yushu Technology disclosed its issuance announcement for the Sci-Tech Innovation Board on August 6, determining the issuance price at 150.80 yuan per share, with a total issuance of 40.4464 million shares, accounting for 10% of the total share capital after issuance, raising approximately 6.099 billion yuan, corresponding to a market value of about 60.99 billion yuan. Founder Wang Xingxing holds a total of 33.36% of the shares directly and indirectly, corresponding to a net worth of approximately 18.312 billion yuan, a significant increase from 6.69 billion yuan when he appeared on the New Fortune Rich List in 2025.The company has established two employee stock ownership plans to participate in strategic allocation, with a total allocation of 1.8004 million shares, covering 171 core employees. Among them, Plan 1 covers 161 middle-level backbones, and Plan 2 covers 10 management and core technical leaders, with a maximum lock-up period of 36 months. Nine strategic investors have collectively been allocated 8.0893 million shares, accounting for 20% of the total issuance, among which DeepSeek was allocated 930,000 shares, and Shanghai Qishan Investment, a subsidiary of Tencent, was allocated 903,300 shares. Central enterprises in the energy and communication sectors, such as China Petroleum, Southern Power Grid, and Tianyi Capital, are also joining in. Online and offline subscriptions will begin on August 10.
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