News

21:00 (UTC+8) - 7:00 (UTC+8) Keywords: USAT, Ethereum Foundation, Shibarium, Empery 1. Tether's new stablecoin USAT is planned to launch by the end of the year; 2. Pizza Hut and KFC in South Africa have now started accepting bitcoin payments; 3. Publicly listed company Empery Digital has become the 21st largest bitcoin holding company; 4. Shibarium cross-chain bridge suffered a "complex" flash loan attack, resulting in a loss of $2.4 million; 5. The Ethereum Foundation has developed an end-to-end privacy roadmap, covering private writing, reading, and proof; 6. Data: Tesla holds 11,509 bitcoins, ranking 11th among all publicly listed companies; 7. Important notice disclosed on the USAT website: USAT is not protected by insurance from institutions such as the Federal Deposit Insurance Corporation of the United States.

Jinse Finance reported that the Shibarium cross-chain bridge, which connects the Layer2 network Shibarium with Ethereum, suffered a flash loan attack on Friday, resulting in the theft of approximately $2.4 million worth of ETH and SHIB. As a result, Shiba Inu developers have restricted certain activities on the network. The attacker took out a flash loan of 4.6 million BONE (Shibarium’s governance token, down 16.32%) and appeared to have obtained 10 out of 12 validator signing keys, thereby gaining two-thirds majority control. Subsequently, the attacker used this privilege to extract about 224.57 ETH and 9.26 billion SHIB from the Shibarium cross-chain bridge contract, transferring the funds to their own address. The total value of these funds is currently around $2.4 million. In response to the attack, Shiba Inu developers suspended staking and unstaking functions on the network, effectively freezing the borrowed BONE tokens (which were already in an unstaking delay period), thus preventing the attacker from further manipulating the network. In addition, the attacker also obtained about $700,000 worth of K9 (KNINE) tokens (related to K9 Finance). When the attacker attempted to sell KNINE, the K9 Finance DAO intervened and blacklisted the attacker’s wallet address, making it impossible for these tokens to be sold.