Exchange Risk

Phantom, a wallet in the Solana ecosystem, experienced a service outage during the airdrop, causing abnormal token price and account balance displays and affecting users’ transactions. Some users therefore incurred losses and are demanding compensation. Security experts warn of the risk of phishing attacks and advise users to verify on-chain data. Although the issue has been fixed, the trust crisis still needs to be monitored. This incident highlights the challenges self-custody wallets face in terms of system stability and user experience.

Amid the impact of the Iran war, a certain CEX offered about 1,000 temporary relocation options for its employees in the UAE, including to places such as Hong Kong. Its UAE operations remain normal, and global user services are unaffected. This move is intended to address disruptions to cryptocurrency activities caused by regional conflicts.

Gate News message, April 10, the Jiangsu Securities Regulatory Bureau issued a risk warning. Recently, some illegal intermediaries have used the gimmick of “getting listed on the Hong Kong Stock Exchange by knocking the gong” for a fee, offering services such as fake equity code and website public announcements. The relevant platforms are mostly “fake exchanges,” and they package the fake listing through forged ceremonies. Some companies take advantage of this to sell equity and pre-IPO shares to the public, which may involve illegal fundraising. Regulatory authorities remind investors: verify the qualifications of institutions through the official website of the Hong Kong Securities and Futures Commission, be wary of guaranteed-principal and high-yield promotions, do not transfer funds to individuals’ accounts or non-official platforms, and if you discover any leads, report and file a case promptly.

Stabble, a Solana decentralized exchange, advised users to withdraw liquidity after a former executive was linked to alleged North Korean hacking, causing its total value locked to plummet by 62%. This incident highlighted the importance of personnel trust in decentralized platforms.

Bitcoin surged in the short term to $71,830 before pulling back. U.S. Treasury Secretary Bessent advancing the “CLARITY Act” faces challenges that could affect stablecoin legislation. WLFI borrowed $75 million in stablecoins, raising liquidation risk. U.S. stocks rose on expectations of peace talks, and market sentiment is optimistic, but liquidity in capital flows still needs improvement.

Covenant AI announced that it is exiting the Bittensor network, questioning the authenticity of its decentralized governance structure and believing that decision-making power is centralized and lacks transparency. In recent subnet operations, it encountered improper behavior such as adjustments to management privileges. It believes this is inconsistent with the principles of decentralization. Covenant AI will continue to push forward in the direction of decentralized AI training.

Phantom Wallet malfunctioned during the airdrop period, causing abnormal token prices and account balances to display. Although the assets are safe, users suffered trading losses, triggering compensation demands and a trust crisis. The incident also increased concerns about blockchain security, and some malicious actors may take advantage of the chaos to launch phishing attacks. Although the technical issue has been fixed, improvements are still needed to the user experience and system stability.

Phantom Wallet experienced a malfunction during the airdrop period, causing the token price and account balances to display abnormally. Although the assets were safe, users suffered transaction losses, triggering compensation requests and a crisis of trust. The incident also heightened concerns about blockchain security, as some bad actors may take advantage of the chaos to launch phishing attacks. While the technical issue has been fixed, improvements are still needed for the user experience and system stability.

Phantom Wallet experienced a malfunction during the airdrop period, causing abnormal token prices and account balances to display. Although users’ assets were safe, users suffered transaction losses, leading to compensation requests and a trust crisis. The incident also heightened concerns about blockchain security, and some bad actors may take advantage of the chaos to launch phishing attacks. While the technical issue has been fixed, improvements are still needed for the user experience and system stability.

A crypto project founded by the Trump family, WLFI, has drawn market attention to liquidity risk and alleged insider connections through lending facilitated by Dolomite. WLFI pledges stablecoins USD1 and platform tokens, borrows $31.4 million, and moves it to a CEX that is suspected to be used for exchanging it into fiat currency. WLFI has a high concentration level and also carries liquidation risk. On-chain data shows that WLFI has recently transferred a large amount of tokens, with the destination unclear, and has not yet responded regarding the transactions.

Phantom Wallet experienced a malfunction during the token airdrop, causing abnormal token prices and account balances to display. Although the assets were safe, users suffered transaction losses, which led to compensation demands and a trust crisis. The incident also heightened concerns about blockchain security, and some malicious actors may take advantage of the chaotic situation to launch phishing attacks. While the technical issue has been fixed, improvements are still needed for the user experience and system stability.

Phantom Wallet experienced a malfunction during the airdrop period, causing abnormal token prices and account balance displays. Although users’ assets are safe, users suffered transaction losses, leading to compensation demands and a trust crisis. The incident also heightened concerns about blockchain security, and some malicious actors may take advantage of the chaotic situation to launch phishing attacks. Although the technical issues have been fixed, improvements are still needed for the user experience and system stability.

The decentralized derivatives platform Hyperliquid’s liquidity vault HLP suffered an estimated loss of about $1.5 million. The attacker used the low-liquidity token FARTCOIN to carry out a “suicide liquidation” attack, systematically triggering the ADL mechanism and forcing HLP to absorb the losses. On the surface, the vault’s books show a loss of $3 million. This incident reveals weaknesses in the ADL mechanism in low-liquidity markets; the attacker could also be profiting by hedging at the same time, indicating that the operation looks more like arbitrage than sabotage.

Phantom Wallet experienced a malfunction during the airdrop period, causing abnormal token prices and account balances to appear. Although the assets are safe, users suffered transaction losses, leading to compensation requests and a crisis of trust. The incident also heightened concerns about blockchain security, and some malicious actors may take advantage of the chaos to launch phishing attacks. While the technical issue has been fixed, improvements are still needed to the user experience and system stability.

The Democratic Party of Korea introduced the “Digital Assets Basic Act,” establishing a digital asset regulatory framework, including issuance requirements for stablecoins and rules governing market conduct. In addition, the Financial Services Commission requires exchanges to implement a uniform withdrawal delay to combat voice scams. The core of the bill centers on a dispute over the eligibility requirements for stablecoin issuance, with the central bank and the Financial Services Commission taking different positions.

Phantom Wallet experienced a malfunction during the token airdrop, causing abnormal token prices and account balances to be displayed. Although the assets were safe, users suffered transaction losses, prompting compensation requests and a crisis of trust. The incident also heightened concerns about blockchain security, and some bad actors may use the chaotic situation to launch phishing attacks. While the technical issues have been fixed, improvements are still needed for the user experience and system stability.

Phantom Wallet experienced a malfunction during the airdrop period, causing abnormal token prices and account balances to display. Although users’ assets were safe, they suffered transaction losses, leading to compensation demands and a trust crisis. The incident also heightened concerns about blockchain security, as some malicious actors may take advantage of the confusion to launch phishing attacks. While the technical issue has been fixed, improvements are still needed to the user experience and system stability.

World Liberty Financial borrowed more than $50 million in stablecoins on the Dolomite platform in the short term, drawing attention from the DeFi market. WLFI deposited large amounts of governance tokens as collateral, causing the liquidity pool utilization rate to exceed 100%, leaving liquidity nearly exhausted and pushing interest rates sharply higher. Analysis suggests this move could be intended to meet liquidity demand or to increase on-chain activity; investors should carefully assess the risks.