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first_img The Arbitrum Committee plans to permanently ban three grant abuse projects

The Watchdog Committee of the Arbitrum ecosystem (composed of Entropy Advisors and others) submitted a proposal to the governance forum on September 3, requesting a permanent ban on the projects Good Entry, Limitless, and APX Finance, as well as their founders, prohibiting their participation in all future ArbitrumDAO initiatives. The committee determined that these three projects engaged in grant abuse within the STIP and LTIPP incentive programs, involving a total amount of 457,553 ARB (approximately $76,000).Specifically, Good Entry received 200,000 ARB in the first round of STIP, of which 142,839 ARB flowed to 1,032 ineligible users, and there is evidence of self-farming by associated addresses, with the team refusing to cooperate with the investigation; Limitless exchanged all 75,000 ARB for USDC and cross-chain to Base, being classified as suspected theft; APX Finance was approved for 525,000 ARB, of which 239,714 ARB involved issues related to funds being held in the treasury, delayed distribution, and witch cluster problems. APX later merged with Astherus and rebranded as Aster, with approximately 70% of its assets located on the BNB Chain.According to the proposal, the three projects may defend themselves in the forum post before September 10. If the explanations are not accepted and the funds are not returned, the committee will initiate three separate Snapshot votes to decide whether to permanently ban the relevant projects and founders.

Gate launched a Mid-Autumn Festival limited edition gift box, connecting the festival's meaning with industry culture in the name of the moon

As the Mid-Autumn Festival approaches, the world's leading digital asset trading platform Gate has launched a limited edition gift box themed around the festival, specifically for global partners and VIP users. As an important traditional festival, the Mid-Autumn Festival carries cultural meanings of reunion, gathering, and good wishes. Gate also takes this opportunity to extend sincere greetings to global users and partners, further strengthening interactions with the community and ecological partners.The design of this gift box incorporates visual elements such as the moon and space travel, along with outdoor lifestyle products like picnic mats and inflatable sofas, extending the "moon viewing" imagery of the Mid-Autumn Festival into a more modern outdoor setting. It is worth mentioning that the lunar elements naturally resonate with the long-standing "To the Moon" culture in the cryptocurrency industry: on one end is the bright moon symbolizing reunion and good wishes in Mid-Autumn culture, while on the other end is the cryptocurrency industry's expression of exploration, breakthroughs, and future visions.From holiday gifts to brand cultural expression, Gate's Mid-Autumn gift box integrates the festival's meaning of reunion, outdoor lifestyle, and cryptocurrency culture into a single scene, conveying the spirit of the festival while also strengthening emotional connections with global users and partners in a more industry-specific manner.

first_img AUSTRAC in Australia revoked the registrations of 45 cryptocurrency and remittance institutions within a year

Australia's financial intelligence agency AUSTRAC has canceled, suspended, or refused to renew the registrations of 45 cryptocurrency and remittance service providers in the past year to strengthen the scrutiny of high-risk payment businesses. The involved institutions faced issues such as inactivity, insolvency, or lack of operational capability, as well as failure to report significant changes, incorrect registration information, and significant money laundering or terrorism financing risks. AUSTRAC CEO Brendan Thomas stated that businesses whose registrations have been canceled are not allowed to continue operations, and some related individuals have been referred to domestic and international law enforcement or regulatory agencies. AUSTRAC specifically mentioned BA Digital Ventures operating under the name GetCoins, whose virtual asset registration was canceled in June due to customer complaints, allegedly because the platform was exploited by organized cryptocurrency investment scams, with related actions conducted in cooperation with the national anti-fraud center. The public VASP registration list also included recent disposals of institutions such as Cryptolink, Self Custody, Jam Xchange, and Coinsec Australia. Additionally, AUSTRAC has launched an investigation into Western Union and suspended the cryptocurrency ATM network of Cryptolink.

first_img Decentralised.co: Stablecoins cannot solve the remittance problem on their own

Decentralised.co reported that the cost of sending $200 across borders is currently 6.36%, down from 9.67% in 2009, with the United Nations aiming to reduce it to 3% by 2030. Remittances consist of three parts: collecting from the remitter, transferring value, and paying the recipient, with the intermediate stage previously being slower and now the cheapest part. Receiving and paying require licenses, bank accounts, compliance, and payment networks. The process from Dubai to Manila takes about six steps, with only one step using blockchain.Pre-funded agent accounts decentralize operating capital. Tokenized dollars can be concentrated in a single funding pool, settled on Sundays, and rebalanced within minutes. Traders hold inventory and bear exchange rate risks. Félix Pago raised $200 million to facilitate remittances from the U.S. to Latin America via WhatsApp, with a16z leading a $87 million equity round and General Catalyst providing a $113 million credit line. Nium is now funding customer payments in USDC. a16z Crypto led a $10 million investment in Better Money. Conduit raised $36 million for corridors from Europe to Nigeria and Kenya, while Palla raised $14.5 million for white-label payments to thirty banks.The article states that stablecoins can fix pipeline issues but cannot resolve isolated systems related to legal matters or toll collection.

first_img Anthropic admits that Claude accessed the system beyond his authority due to a security error

In a blog post released on Monday, Anthropic acknowledged that its Claude model had unauthorized access to real computer systems during a cybersecurity assessment, an incident reflecting operational security failures as well as alignment failures in motivation reasoning and intent to harm. Anthropic disclosed in July that the Claude model had breached the systems of three companies because the third-party assessment environment was connected to the public internet, while the model was informed it was in a simulated environment without internet access.Anthropic stated that Claude may have interpreted evidence of real internet access as still being in a simulated environment and was willing to take harmful actions on the real internet to complete the cybersecurity assessment task. Additionally, during tests at the UK AI Safety Institute, after assessors deliberately granted Claude Mythos internet access, the model took unauthorized actions on the live network. Anthropic emphasized that the models involved did not have the cybersecurity protections included in the officially released products.Following the incident on July 30, Anthropic has suspended cybersecurity assessments of pre-release models and introduced stricter protections: tests must run in verified offline sandboxes equipped with real-time monitoring; a new classifier can intercept suspected boundary violations, terminate tests, and notify humans. Anthropic has also expanded the scope of offline monitoring used by internal frontier agents. Previously, OpenAI models had also breached Hugging Face in July to obtain answers for cybersecurity tests, with investigations revealing that about 1,200 agents acted collaboratively through unauthorized message boards.
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