According to ChainCatcher news, as reported by Forbes, the bankruptcy estate of FTX has initiated 23 new lawsuits against institutions such as Binance, Anthony Scaramucci, SkyBridge Capital, Crypto.com, and even the lobbying group Fwd.us supported by Mark Zuckerberg, in an attempt to recover funds for creditors.These lawsuits allege that the funds transferred to these organizations were part of a larger "influence-buying campaign" orchestrated by FTX founder Sam Bankman-Fried. According to the legal documents, Bankman-Fried funneled money into political and traditional financial sectors through sponsorships, investments, and donations to enhance his reputation while concealing FTX's increasingly severe financial instability.The lawsuits claim that these expenditures provided "little to no benefit" to FTX or its creditors, primarily serving to maintain the illusion of financial stability as the company struggled with a significant gap in its balance sheet.

ChainCatcher news, Cobo co-founder and CEO Shen Yu posted on X: "Recently organized a batch of old addresses from 1000 days ago, some of which still have funds in the old contracts, but the front end does not display them. Thanks to Arkham for the timely reminder to help recover these funds. I truly feel the warmth and progress of the industry."

ChainCatcher news, the decentralized yield protocol Spectra has released a security incident analysis report stating that in this incident, the attacker hijacked user transactions on Spectra, affecting a total of 4 wallets and resulting in a loss of approximately 168 ETH. The core protocol contract of Spectra remains unaffected, and the funds within the contract are secure. The application was restored on the morning of July 24.The team has contacted relevant authorities and third parties, including trading platforms and third-party security companies, seeking their support in tracking and recovering the funds. Spectra has sent an on-chain message to the hacker, allowing them to return 90% and keep 10% of the funds, after which there will be no further accountability.

ChainCatcher message, cross-chain transaction aggregator LI.FI announced an update stating that the protocol has fully resumed operations, and most of its partner protocols' bridging and exchange services have been restored.LI.FI will continue to work with law enforcement and industry participants to trace and recover funds.

ChainCatcher news, the decentralized AI network Bittensor officially announced that its community participants experienced a serious security attack on July 2. The Bittensor Foundation has taken urgent action to block further fund outflows and has launched an in-depth investigation into the attack.The attack originated from a malicious program disguised as a legitimate Bittensor package in the PyPi package manager version 6.12.2. When users downloaded this package and decrypted their cold wallet keys, the decrypted bytecode was sent to the attacker's remote server, resulting in stolen funds. The users primarily affected were those who downloaded the Bittensor PyPi package and performed transactions, staking, delegation, and other operations between May 22 and 29. The Bittensor Foundation has removed the malicious package from PyPi and conducted a comprehensive review of the code, finding no other vulnerabilities at this time.To mitigate losses, the Bittensor Foundation has placed validation nodes behind a firewall and activated a security mode on Subtensor. The Bittensor blockchain has paused all transactions and will not resume normal operations until the vulnerabilities are fixed. The foundation is working with trading platforms to attempt to recover the stolen funds.The Bittensor Foundation stated that it will learn from this incident, improve the package verification process, increase the frequency of external audits, and enhance security standards and monitoring levels. The foundation urges users to transfer their funds to new wallets as soon as possible and to upgrade to the latest version of the Bittensor package.

ChainCatcher news, according to CryptoSlate, the bankruptcy trustee of the collapsed cryptocurrency lending company Celsius Network has filed a lawsuit against account holders who received preferential transfers within 90 days prior to the company's bankruptcy filing. These lawsuits were filed in the U.S. Bankruptcy Court for the Southern District of New York, targeting accounts with withdrawal priority exposure (WPE) exceeding $100,000.Previously, the company successfully settled with over 1,500 account holders, recovering nearly $100 million. These settlements addressed over $500 million in priority debt issues, providing significant relief to eligible Celsius creditors.During the priority period from April 14, 2022, to July 13, 2022, massive withdrawals led to severe financial imbalances for the company, ultimately resulting in bankruptcy after the priority period ended. Former CEO Alex Mashinsky and other executives of Celsius are facing allegations of fraud and market manipulation, which contributed to the company's collapse.

ChainCatcher message, Slow Mist founder Yu Xian posted on X platform to remind that Cyber Rescue. (@CCyber_rescue) is scamming under the guise of helping stolen users recover/restore funds. The scam is quite interesting, using a bug from a well-known wallet to make users believe they have actually received their lost funds. Slow Mist will consider exposing this, but in the meantime, everyone should remain vigilant to avoid being scammed again.

ChainCatcher message, Fantom's non-custodial liquidity market protocol Geist Finance tweeted, "After Multichain confirmed that the funds are unrecoverable, we announce that Geist will not reopen. Because Chainlink's oracle tracks the value of real USDC, USDT, WBTC, or ETH, they are unaware of the true value of Multichain assets. These assets are currently trading at about 22% of their actual value. Therefore, it is impossible to re-allow borrowing, as this could lead to bad debts for lenders of unaffected assets (such as MIM or FTM).""To be clear, this is not a blame on Chainlink's trading rules; Chainlink's trading rules have functioned as they should. The Multichain assets themselves have no trading rules because people expect a 1:1 exchange. No one else should be blamed besides Multichain."

ChainCatcher news, Atomic Wallet updated the progress of the June 3 attack on social media, stating that less than 0.1% of Atomic application users were affected, and no new reports have been received since then.Atomic Wallet stated that, at least in the latest version of the application, no potential issues have been confirmed that could lead to a large-scale leak. The application has been verified by external auditors, and the security infrastructure has been updated. The team will continue to work with crypto investigators, authorities, and trading platforms to track and freeze suspicious deposits. The next step will be to establish a legal framework to recover funds and distribute them to affected users. (Source link)

ChainCatcher message, Euler announced the latest progress, having prevented direct attacks by helping to disable the EToken module, while collaborating with TRM Labs, Chainalysis, and the broader Ethereum security community to help investigate and recover funds. The team has also notified law enforcement agencies in the US and UK and shared information, and has attempted to contact those responsible for the attack. (source link)

ChainCatcher news, Nexo managing partner Kalin Metodiev denied reports during an interview with Decrypt that negotiations for a potential acquisition of rival crypto lending platform Vauld had been terminated, stating that Nexo has not given up on attempts to rescue Vauld and help its creditors recover as much platform funds as possible.Earlier reports indicated that Vauld founder and CEO Darshan Bathija revealed in an email to the company's creditors that Nexo's acquisition of Vauld "unfortunately did not come to fruition." However, according to informed sources, any decisions regarding Vauld's future are in the hands of the company's creditors' committee, rather than its former CEO. (Decrypt)

ChainCatcher news, Stephen Earel, a partner and bankruptcy lawyer at Co Cordis in Australia, stated that "liquidating" crypto assets during the liquidation process and then determining how to allocate the funds will be a massive undertaking. Additionally, this process will be complicated by cross-border bankruptcy issues and jurisdictional complexities, potentially taking years or even decades.It is reported that FTX owes nearly $3.1 billion to its 50 largest creditors, with approximately $1.45 billion owed to the top 10 creditors, although the names of the creditors have not been disclosed. (Cointelegraph)