ChainCatcher news, Aptos ecosystem DeFi project Thala has released the latest announcement stating: due to a security vulnerability attack on the latest V1 liquidity pool contract, assets worth 25 million USD have been stolen.Currently, Thala has suspended all related contracts and frozen Thala token assets (9 million USD MOD and 2.5 million USD THL). With the assistance of other institutions, an agreement has been reached with the attacker to recover all user assets through a 300,000 USD bounty.Affected users do not need to take further action; positions will be restored to 100% completeness. However, all related contracts and the Thala frontend will remain in a suspended state until deemed completely secure.

ChainCatcher message, Upbit announced the asset audit report for July 1, 2024. The audit results show that the value of digital assets held by Upbit is approximately 103.23% of the digital assets payable to customers, and the cash and cash equivalents held are 104.56% of the amounts payable to customers. This audit was conducted by Sung Hyun Accounting Firm and covered 204 types of digital assets and deposits.Upbit emphasizes that since the first asset audit on June 28, 2018, it has been conducting such audits regularly to prove that it holds sufficient assets to cover customer deposits.

ChainCatcher message, Taiko official stated on social media that the official bridge is temporarily down, and the development team is working hard to resolve the issue. For asset security, please be patient.

ChainCatcher message, OKX official stated that regarding today's network feedback on the "user assets stolen from the trading platform" situation, the platform takes this matter very seriously and has contacted the relevant users. An investigation is currently underway, and if it is ultimately determined to be the platform's responsibility, the platform will take the initiative to bear the responsibility.In addition, the platform will announce the results as soon as the relevant investigation is concluded. Please be patient and refrain from unnecessary speculation.

ChainCatcher news, according to Yonhap News Agency, South Korean financial authorities recently investigated several virtual asset service providers (VASP) that are closing or suspending operations and found serious violations. During on-site inspections from May 20 to 23, the Financial Intelligence Unit (FIU) and the Financial Supervisory Service discovered that 7 out of the 10 inspected VASPs failed to properly return user assets.In addition, 3 companies showed significant deficiencies in guiding users, only contacting users with assets exceeding 1 million won (approximately 732 USD). These VASPs have also been criticized for restricting users from withdrawing to overseas exchanges or personal wallets and charging high fees in the process. South Korean authorities have clearly stated that they will take strict measures against these violations.

ChainCatcher news, KuCoin stated on social media that it is currently operating well, user assets are safe, and it is aware of the related reports, and is investigating the details through lawyers.KuCoin stated that it respects the laws and regulations of various countries and strictly adheres to compliance standards.ChainCatcher previously reported that the U.S. Attorney's Office for the Southern District of New York stated that the cryptocurrency exchange KuCoin and its two founders have been accused of violating the Bank Secrecy Act and engaging in unlicensed money transmission.

ChainCatcher news, according to the Huobi HTX page, Huobi HTX has updated the Merkle tree asset proof data for March 2024. The specific reserve ratios for this update are: USDT 100% (Huobi assets 611,895,890), BTC 101% (Huobi assets 26,196), ETH 102% (Huobi assets 112,481), TRX 103% (Huobi assets 9,717,203,329). Among them, the USDT and ETH data include stUSDT, USDT-T-Bills assets, and BETH, stETH.Currently, the reserve ratios of Huobi HTX are all maintained above 100%, meaning that Huobi wallet assets exceed the total amount of assets held by users, and Huobi HTX has sufficient reserves to ensure the safety of user assets. Huobi HTX will continue to regularly disclose this information to the public, ensuring that users can safely deposit and withdraw their assets anytime and anywhere.

ChainCatcher news, Base released the 《2024 Mission, Strategy, Roadmap, and Work Focus》, stating that its 2024 mission is "to establish a decentralized on-chain economic ecosystem with innovative vitality."Currently, Base can be seen as an economy composed of three parts: a developer platform (Base as the underlying infrastructure), an application ecosystem (all applications built on Base), and capital markets (user and asset liquidity).The strategy for the coming year is built around four core pillars: 1. Decentralization and Scalability, enabling anyone to go on-chain, with a commitment to decentralization and scalability as its top priority, aiming to create a secure, decentralized, fast, and affordable L2 for users; 2. Building a Strong Developer Platform, with a long-term North Star of developing a platform that enables over 1 million developers to go on-chain, helping to create world-changing products. 3. Nurturing a Vibrant Application Ecosystem, aiming to attract over 1 billion people to join a thriving application ecosystem, thereby driving the next wave of global creativity and innovation. 4. Cultivating Deep Capital Markets, Powering the On-chain Interconnected Economy: Committed to making Base a key component of the on-chain economy through strong and deep capital markets and seamless interconnections with other Ethereum L2s and L1s.Key work tasks include: 1. Accelerating decentralization, 2. Significantly reducing fees, 3. Setting smart wallets as the default, 4. Making on-chain and off-chain interactions very simple, 5. Bringing existing and new users, assets, and products from Coinbase on-chain, 6. Creating a seamless superchain.

ChainCatcher message, OKX official X account stated that after receiving the alert from CertiK, we have completed the relevant upgrades immediately. The issue is due to a vulnerability in a third-party application service provider and does not involve the official program itself. It will not affect the security of user assets, and the platform has verified that no assets or information loss has been found. Currently, the issue has been fixed in the IOS 6.45.0 version, and we recommend that all users update the APP as soon as possible, as user asset security is not affected.

ChainCatcher news, the South Korean prosecution has charged the CEO of the cryptocurrency trading platform Bitsonic with embezzling 10 billion won (approximately 7.6 million USD) in investment funds and margin, and arrested and prosecuted him on August 7. Additionally, the prosecution has charged the Vice President of Technology at Bitsonic with obstruction of justice and has referred him for trial.According to the prosecution's investigation, the CEO of Bitsonic falsely manipulated computers from January 2019 to May 2021 to inflate the prices and trading volumes of virtual assets, and concealed the facts when unable to meet investors' withdrawal requests due to losses, transferring 10 billion won in cash and virtual assets by selling cryptocurrency locking products to other clients.

ChainCatcher message, Binance released a statement titled #Strong Together, indicating that the platform's wallet addresses are transparent, there is no misappropriation of user assets, it provides unsecured lending services, and there are no large political donations or massive sponsorships in media/sports/entertainment. Binance's community is united by a common vision, coming from different races, ethnicities, and beliefs. Binance will continue to build for users and stand up for the industry. (Source link)

ChainCatcher news, Binance US responded on Twitter to the "SEC's application to freeze Binance US assets," stating that user assets are safe, and the platform will continue to operate fully with normal deposit and withdrawal functions.It stated that the SEC's submission of a preliminary injunction is unfounded, more aimed at giving SEC staff an advantage in the litigation rather than genuinely caring about the safety of customer assets.In the past week, the company's legal advisors have addressed SEC staff's concerns about the safety of customer assets through extensive dialogue. Despite providing SEC staff with information to ensure the safety of customer assets, SEC staff still decided to submit a motion seeking a temporary restraining order and a preliminary injunction. Binance US is disappointed by this action and will do its utmost to defend itself in court. (source link)

ChainCatcher news, investigative journalist Chris Brunet published an investigative article on the decentralized crypto trading platform WOO X, questioning the current financial health of WOO X and suspecting that the platform has misappropriated user assets for investment, leading to insolvency.The article points out that WOO X has a hedge fund called Kronos Research, which is highly similar to Alameda. Although the user terms state that WOO X will not use user deposits for speculation, Chris Brunet later discovered that, according to the debt-to-asset ratio, WOO X's assets currently cover only about 80% of the deposits, with 45% of those assets consisting of Token WOO. Furthermore, according to third-party data from Nansen, WOO X's treasury is actually composed of 76% WOO, significantly higher than the data it actively disclosed, resulting in the actual value of reserve assets being far less than user deposits. (source link)

ChainCatcher news, the digital asset trading platform BitMart announced a partnership with the digital asset custody platform Cobo to integrate Cobo's upcoming exchange over-the-counter custody and settlement network SuperLoop, enabling BitMart's institutional users to trade on its platform while utilizing a collaborative custody feature based on Multi-Party Computation (MPC) technology to maintain full control over their assets.Cobo SuperLoop is the world's first exchange over-the-counter custody and settlement system, achieving the separation of trading, clearing, settlement, and custody. SuperLoop allows clients to trade directly on the exchange while keeping their assets securely held by Cobo or under MPC collaborative custody, reducing counterparty risk and ensuring the safety of clients' assets.This collaboration will enable BitMart's institutional clients to leverage advanced Multi-Party Computation (MPC) technology and the Threshold Signature Scheme (TSS) to ensure the security of their assets. In this scheme, Cobo and clients independently hold their respective private key shares, allowing both parties to complete transaction signatures without sharing their private key shares or needing the complete private key. (source link)

ChainCatcher news, the encrypted lending platform Celsius tweeted that Celsius has provided an update regarding the upcoming withdrawal process for certain assets in some custodial accounts. Eligible custodial users will be able to withdraw approximately 94% of their eligible custodial assets. Whether eligible users can withdraw the remaining 6% will be determined by the court later.Additionally, eligible users will receive specific information related to GAS and transaction fees associated with the withdrawal activity. Qualified users who do not have sufficient assets in their accounts to cover these fees will not be allowed to withdraw their assets. Eligible users are expected to receive an email and communication from the Celsius app on February 15, informing them of their eligibility. (source link)

ChainCatcher news, according to Bloomberg, a Binance spokesperson stated via email to Bloomberg in response to questions about recent fund outflows and concerns over transparency, "Binance's user assets are 1:1 backed, and Binance's capital structure is debt-free. We maintain hot wallet balances to ensure we always have enough funds to meet withdrawal requests, and we will recharge the hot wallet balances accordingly. We are working with Mazars to share all relevant financial information with them so they can verify the accuracy of all the data we share and the process by which we extract the data. We are working to release updates on the reserves of more tokens as soon as possible." (source link)

ChainCatcher news, cryptocurrency custody provider Zodia Custody has launched a service called Interchange to protect user assets from the impact of exchange bankruptcies. This service allows users to deposit assets into Zodia Custody, which then maps the assets to the exchange, enabling users to trade on the exchange. (Source link)

ChainCatcher news, FTX's Japanese cryptocurrency derivatives trading platform FTX Japan disclosed the management of customer assets on its official website. All 14 supported cryptocurrencies are stored in the company's cold wallet, and the balance of cryptocurrencies in the cold wallet is greater than the funds deposited by customers on the platform.In addition, the company's balances in yen and dollars exceed the assets deposited by customers, with a balance of approximately 278 million yen (about 2 million dollars). FTX Japan also announced its own asset status, stating that the company's net assets are approximately 10 billion yen (as of September 2022, about 71.86 million dollars), with cash and deposits of about 19.6 billion yen (as of November 10, 2022, about 14.1 million dollars).Previously, on November 11, FTX's Japanese cryptocurrency derivatives trading platform FTX Japan announced that it had resumed yen withdrawal services. The Japanese Financial Services Agency had previously ordered FTX Japan to suspend operations, with regulators hoping that FTX Japan would immediately cease cryptocurrency trading activities and stop accepting new customers by December 9, 2022. (source link)

ChainCatcher news, AAX exchange suddenly announced the suspension of all operations, including trading and withdrawals, stating that "the current system upgrade requires our third-party partners to verify and restore all user asset data. Due to the current market situation, the time required for integration is longer than usual, and we are currently queued to complete it within 7-10 days."However, AAX's Head of Research and Strategy, Ben Caselin, stated in the community that maintenance will take longer, and AAX is discussing enabling withdrawals during the ongoing maintenance.According to Coingecko data, AAX is ranked among the top twenty derivatives exchanges. AAX is a cryptocurrency exchange established in Hong Kong in 2019. (source link)