zetachain

According to Cointelegraph, the cross-chain protocol ZetaChain disclosed that the security issues involved in its recent approximately $334,000 vulnerability attack event had been reported in advance by researchers in the bug bounty program but were deemed "expected behavior" by the project team at that time and were not addressed.According to the official incident review, this attack originated from a combination of three design flaws that initially appeared to be independent and low-risk: the Gateway contract allowed anyone to send any cross-chain instructions; the receiving end could execute calls on almost any contract, and the blacklist restrictions were too narrow; some wallets retained unlimited approvals for a long time without being cleared. The attacker ultimately combined these flaws to instruct the Gateway to transfer tokens directly to their controlled address, thus completing the asset transfer.ZetaChain stated that this attack involved 9 transactions across four chains: Ethereum, Arbitrum, Base, and BSC, with the stolen funds all coming from wallets controlled by ZetaChain, and user funds were not affected. The official noted that the attack showed clear premeditation. The attacker funded the wallet through Tornado Cash three days before the attack and deployed a dedicated Drainer contract in advance, while also implementing an Address Poisoning attack.Currently, ZetaChain has begun pushing repair patches to the mainnet nodes, permanently disabling the arbitrary call function and changing the unlimited approval mechanism in the deposit process to "exact amount authorization."

ZetaChain official announcement, on the 27th, encountered a premeditated targeted attack. The attacker used Tornado Cash to recharge funds and forged wallet addresses. Cross-chain ZETA transfers were not affected. All affected user funds were not impacted ------ all affected wallets are controlled by ZetaChain. The mainnet patch has been deployed, and cross-chain transactions will be re-enabled after continuous monitoring.

Slow Fog stated that ZetaChain was exploited in an attack. Preliminary analysis shows that the root of the vulnerability lies in the lack of access control and input validation in the GatewayZEVM contract's call function. Attackers can use this to initiate malicious cross-chain calls and execute arbitrary operations to transfer funds on the target chain through a relay mechanism.Slow Fog mentioned that the attackers triggered the relayer to execute malicious calls by forging cross-chain events, thereby completing the theft of funds. Relevant attack transactions have now been disclosed.

ZetaChain announced that the GatewayEVM contract was attacked, but it only affected the internal team wallets of ZetaChain. The team has blocked the attack vector to ensure that no further funds are at risk and will release a detailed post-mortem analysis report after completing the investigation.Currently, as a precaution, ZetaChain has suspended cross-chain transactions. The investigation is still ongoing, and so far, no user funds have been affected by this attack. The current status can be tracked on the relevant page.

According to official news, ZetaChain has announced the official launch of the AI interoperability layer ZetaChain 2, along with the release of the privacy-centric large model aggregation application Anuma.ZetaChain 2 is a brand new AI interoperability layer designed to help developers build applications and agents that can operate across AI models, enabling global monetization without the need for backend infrastructure while preserving private user context. ZetaChain 2 consists of two core components: the AI Portal and the Private Memory Layer.The AI Portal serves as a unified routing and execution layer, allowing applications to access multiple AI model providers without being locked in, and includes support for availability, fallback, and cost/performance optimization. The Private Memory Layer is a protocol-level memory system that protects user context through encryption and access control, allowing experiences to persist across sessions while maintaining user control over the access scope of applications and agents.Anuma is the first consumer-level AI application based on ZetaChain 2, currently in beta testing and has launched a public waitlist, allowing users to apply for early access through the public waitlist. The product integrates multiple leading AI models in a single experience, enabling users to switch between different models without losing context, and is designed to keep memories private and under user control.

ChainCatcher news, the universal blockchain ZetaChain announced the official release of its crypto asset market regulation (MiCAR) white paper in accordance with EU regulation (EU) 2023/1114. This makes ZETA one of the first Layer 1 network tokens to comply with MiCAR, enhancing accessibility for users and institutions in the European Economic Area (EEA).In addition to achieving MiCAR compliance in Europe, ZetaChain has also been officially recognized by the Dubai Financial Services Authority (DFSA) under its crypto token regime. This recognition authorizes the use of ZETA within the Dubai International Financial Centre (DIFC).

ChainCatcher news, according to official news, the Dubai Financial Services Authority (DFSA) has announced that ZetaChain (ZETA) has been recognized by the DFSA in accordance with the requirements of GEN rule 3A.3.4 of its rulebook.As a universal blockchain, ZetaChain can natively access blockchains including Bitcoin, and the DFSA's recognition brings greater trust and global access to ZetaChain.

ChainCatcher message, the ZetaChain status page updated at 12:23: "The cause has been identified, the network interruption was due to a consensus failure caused by a new update rolled out to a small number of validators.We believe we have identified the root cause of the consensus failure and will provide a more detailed root cause update after reproducing the issue on the development network. The current top priority is to restore normal network operation. We have rolled back the managed validators to version v20.0.5 of the node software and have asked community members to do the same. Most members of the community have completed this action, and currently about 60% of participants are using the correct version of the software. A few validators are unable to participate in voting after attempting to run the version (v20.0.6) that caused the consensus interruption and are currently resynchronizing from a snapshot.Once these remaining validators complete synchronization, we expect the network to resume operation. We will provide another update in 60 minutes and hope the network can return to normal before then."Previous message, the ZetaChain mainnet has paused block production. As of now, the ZetaChain mainnet has been paused for 6 hours.

ChainCatcher news, ZetaScan data shows that the ZetaChain mainnet has paused block production for 4 hours, with the latest transaction remaining at block 5529896 (Beijing time today at 11:32:15).In addition, the ZetaChain status page indicates that an issue on the ZetaChain mainnet is under investigation, which has caused block production on the network to stop. Engineers are working hard to resolve the issue and are actively striving to restore network consensus.Earlier news states that according to the official announcement, due to the interruption of block production on Zeta Chain (ZETA), Upbit has suspended ZETA deposits and withdrawals. An announcement will be made to resume deposits and withdrawals once the stability of the deposit and withdrawal process is confirmed.

ChainCatcher news, cross-chain protocol ZetaChain announced the permanent anchoring of 1.5 billion ZETA tokens to its native mainnet, while limiting the maximum number that can be converted to Ethereum ERC-20 tokens to 600 million. ZetaChain stated that this move is aimed at preparing for the upcoming chain integrations and significantly enhancing network security.

ChainCatcher news, Coinbase Institutional announced on social media that Coinbase Prime now supports ZetaChain (ZETACHAIN) custody.

ChainCatcher news, according to CoinDesk, cryptocurrency custody company BitGo stated that it is filling the gap in the decentralized market by providing a one-stop, regulated, and insured custody platform for seamless digital asset ownership, unlocking, and on-chain activities.It is reported that protocols such as Worldcoin, LayerZero, Sui, and ZetaChain are among the first clients of this service.

ChainCatcher message, ZetaChain posted on X that at 17:34:05 local time on August 27, the ZetaChain transaction was successfully relayed to Solana devnet. The support from Solana will make ZetaChain the first public L1 platform to support native cross-chain DApps across three major chains (Solana, Bitcoin, Ethereum) in a universal and simple way.

ChainCatcher news, according to official sources, the cryptocurrency exchange platform Coinbase announced on the X platform that it will add Zetachain (ZETACHAIN) and Across Protocol (ACX) to its coin listing roadmap.

ChainCatcher news, according to Token Unlocks data, this week W, OP, and SUI will experience a large one-time token unlock, with a total unlock value of 348 million USD. Among them:Wormhole (W) will unlock 600 million tokens on August 3 at 19:30, worth approximately 174 million USD, accounting for 33.33% of the circulating supply;Optimism (OP) will unlock 31.34 million tokens on July 31 at 8:00, worth approximately 54.5 million USD, accounting for 2.79% of the circulating supply;Sui (SUI) will unlock 64.19 million tokens on August 1 at 8:00, worth approximately 50.6 million USD, accounting for 2.56% of the circulating supply;ZetaChain (ZETA) will unlock 53.89 million tokens on August 1 at 8:00, worth approximately 34.8 million USD, accounting for 18.92% of the circulating supply.

ChainCatcher news, according to official sources, ZetaChain, a leading L1 focused on general EVM and chain abstraction, has announced the launch of Gateway. It is reported that Gateway is a smart contract on the chain that provides developers with APIs for calling general applications, sending tokens, querying gas information, and more.Gateway implements a native connection with any blockchain (including the Bitcoin network), which will simplify and enhance interactions, providing a consistent and flexible approach to handling cross-chain communication. This upgrade will significantly improve the user experience, allowing users to access applications on any new chain supported by ZetaChain without switching networks, while developers only need to deploy once.

ChainCatcher news, according to official sources, the interoperability-focused Layer 1 blockchain operator ZetaChain has announced the launch of a universal loyalty and rewards layer powered by XP, which will support the first batch of XP airdrop allocations. The application submission for the first round of XP airdrops ended at 00:00 UTC on July 1, marking the beginning of the first reward allocation for applications. Many projects have publicly shared their RFPs to gather feedback. The User Growth Pool (UGP) committee is actively involved to ensure that XP snapshot users receive fair and secure rewards. Users can view the approved RFPs in the new "Explore Rewards" section of ZetaHub.According to the new updates on the RFP program based on ongoing feedback:All ZETA asset claims will use @tokentable to enhance transparency.Applications must publicly release their allocation models before rewards begin to solicit feedback and discussion.Submission has now ended, and applications must work to finalize rewards for allocation, following all necessary guidelines and responding to feedback.Additionally, ZetaHub has launched XP status and rewards, introducing some new updates to this universal loyalty system:XP Status: A metric that helps applications allocate privileges and rewards to real and valuable users, with status levels including Silver, Rose Gold, Black, and Green.XP Active Continuous Record: Achieving the minimum active threshold for XP weekly will grant active status.XP Activity Updates: The activities and features section now includes a free market with a variety of applications and activities on ZetaChain, while updating point allocations and requirements.

ChainCatcher news, the full-chain abstract L1 Zetachain announces the first round of XP airdrop, which will allocate 10 million ZETA rewards. Any team that has deployed active contracts on the Zetachain mainnet and has active users can submit ZETA reward RFP proposals before 08:00 Beijing time on July 1. This airdrop focuses on the first batch of XP users who were snapshot on May 1, with approximately 419,000 users eligible, each having at least 200,000 XP.Zetachain states that projects should allocate at least 95% of the tokens to users when creating proposals, while the development team can retain a maximum of 5% for operational costs or future user growth plans. Projects can determine reward mechanisms such as first-come-first-served or proportional distribution.In addition, Zetachain stated that since the release of Zetachain 1.0, the User Growth Pool has allocated 80 million ZETA to users.