BitcoinWorld Figure Technologies IPO Unveils Landmark $25 Share Price The world of finance is buzzing with a significant development as blockchain lending pioneer, Figure Technologies, prepares for its much-anticipated debut on the public market. This Figure Technologies IPO marks a pivotal moment, signaling growing mainstream acceptance for blockchain-powered financial solutions. What Does the Figure Technologies IPO Mean for Blockchain Lending? Figure Technologies, a prominent name in the blockchain lending sector, has officially priced its initial public offering (IPO) at a solid $25 per share. This strategic move is set to generate an impressive $787.5 million in capital, as reported by CoinDesk. The company plans to offer 31.5 million Class A shares to the public. An additional 4.7 million shares are available should underwriters exercise their overallotment option, indicating strong market interest. This substantial fundraising effort will fuel Figure’s mission to innovate within the financial services industry, leveraging blockchain technology for more efficient and transparent lending processes. Figure Technologies IPO: Why is This Nasdaq Debut So Significant? Mark your calendars: Figure’s Class A shares are scheduled to commence trading on the Nasdaq stock exchange on September 11. They will be listed under the memorable ticker symbol FIGR. This isn’t just another company going public; it represents a major milestone for the entire blockchain and fintech ecosystem. Mainstream Validation: A successful Figure Technologies IPO on a major exchange like Nasdaq provides significant validation for blockchain-based financial models. Increased Visibility: Listing on Nasdaq will undoubtedly boost Figure’s profile, attracting a broader range of institutional and retail investors. Future Growth: The capital raised will empower Figure to expand its innovative lending platforms, potentially disrupting traditional financial services and setting new industry standards. How Will the Figure Technologies IPO Impact Future Financial Innovations? Figure Technologies is at the forefront of leveraging blockchain to streamline complex financial operations, from mortgage origination to loan servicing. Their approach aims to reduce costs, increase speed, and enhance security, offering a compelling alternative to conventional systems. This IPO could set a precedent for other blockchain-centric companies considering public listings. Potential Benefits for the Industry: Faster, more secure transactions through immutable blockchain ledgers. Reduced operational costs for lending institutions, which can translate to better rates for consumers. Greater transparency for all parties involved in financial transactions. Challenges Ahead for Blockchain Adoption: Navigating evolving regulatory landscapes specifically designed for blockchain and digital assets. Educating the broader market on the benefits and security of decentralized finance. Maintaining a competitive edge against established financial giants and emerging tech disruptors. Summary: A New Era for Blockchain Finance The Figure Technologies IPO at $25 per share is more than just a financial transaction; it’s a bold statement about the future of finance. By bringing blockchain lending to Nasdaq, Figure is paving the way for wider adoption of decentralized technologies within mainstream financial markets. This landmark event offers investors a unique opportunity to participate in the growth of an innovative company poised to reshape how we think about lending and financial services. Frequently Asked Questions (FAQs) What is Figure Technologies? Figure Technologies is a blockchain lending firm that uses distributed ledger technology to streamline and improve various financial services, including mortgage origination, loan servicing, and asset management. How much capital is Figure Technologies expected to raise from its IPO? Figure Technologies expects to raise a total of $787.5 million from its initial public offering, based on the pricing of $25 per share. When will Figure Technologies’ shares begin trading and on which exchange? Figure Technologies’ Class A shares are scheduled to begin trading on the Nasdaq stock exchange on September 11, under the ticker symbol FIGR. What is the significance of this IPO for the blockchain industry? This IPO is significant because it brings a prominent blockchain-powered lending firm to a major traditional stock exchange, signaling increased mainstream acceptance and validation for blockchain technology in financial services. It could also encourage other blockchain companies to pursue similar public listings. Did you find this insight into the Figure Technologies IPO valuable? Share this article with your network and join the conversation about the future of blockchain in finance! To learn more about the latest blockchain technology trends, explore our article on key developments shaping blockchain technology institutional adoption. This post Figure Technologies IPO Unveils Landmark $25 Share Price first appeared on BitcoinWorld and is written by Editorial Team
Standard Chartered Plc-backed digital assets storage firm Zodia Custody has dissolved its Japanese joint venture with SBI Holdings Inc. two years after it was launched, following a rethink on the endeavor.
More on Figure Technology Solutions, Inc. Figure Technology Solutions Pursues IPO On Profitable Growth Figure Technology's IPO said to price above $20-$22 marketing range Market Voices: Bessent warns of $1T tariff refund bill, Figure, Apollo Financial information for Figure Technology Solutions, Inc.
Bitcoin’s liquidity tug-of-war enters a critical phase on Binance, which happens to be the exchange with the deepest order books. With BTC’s price already showing strength a little below its all-time high level, the current liquidity battle on Binance may not just be noise – it could be the early signal of the next bullish leg. Binance Flashing a Bull Market Trigger? CryptoQuant explained that in early August, Binance’s refill_30d indicator, which tracks the 30-day rolling inflows of Bitcoin to the platform, climbed sharply and repeatedly outpaced the drain_30d indicator, which measures withdrawals. This influx of BTC, particularly strong between August 4 and 18, meant that traders were preparing for distribution or hedging as Bitcoin’s price neared $120,000. But after peaking, inflows declined in the second half of the month, in what appeared to be reduced selling intent and waning momentum. By mid-August, both drain and refill indicators had entered equilibrium, indicating a temporary balance in trader behavior and contributing to a phase of relative price stability. The change yet again in early September, when the drain_30d indicator surged past 22 million, one of the highest levels seen in recent months, while refills stayed muted. This divergence is important since it points to renewed withdrawals of BTC from Binance, reducing exchange liquidity and potentially tightening supply. When exchange liquidity dries up and demand stays firm, the market can tip into sharp rallies fueled by scarcity. What’s Next For BTC What’s crucial is that despite these oscillations in liquidity, Bitcoin’s price has remained relatively steady, which can be attributed to the market absorbing both inflows and outflows with minimal disruption. Looking ahead, the imbalance between rising outflows and weak inflows could tilt the scales. If drains continue to rise while refills remain low, Binance may face a liquidity squeeze that intensifies buying pressure. Such conditions can set up the possibility of an imminent rally. The post Liquidity Tug-of-War on Binance Could Push Bitcoin (BTC) Into Its Next Bullish Leg appeared first on CryptoPotato .
A new milestone has been reached in digital assets. Key coins, including Bitcoin, Ethereum, Solana, XRP, and Chainlink, are now set to be included in a wide-reaching crypto ETF. The approval opens doors to a more accessible way to invest in these tokens, sparking fresh questions about what this means for both markets and traditional investors. Undervalued $XYZ Meme Coin Gears Up for Listing on a Major CEX XYZVerse ($XYZ) is the meme coin that has grabbed headlines with its ambitious claim of rising from $0.0001 to $0.1 during a presale phase. So far, it has gone halfway, raising over $15 million, and the price of the $XYZ token currently stands at $0.005. At the next 14th stage of the presale, the $XYZ token value will further rise to $0.01, meaning that early investors have the chance to secure a bigger discount. Following the presale, $XYZ will be listed on major centralized and decentralized exchanges. The team has not disclosed the details yet, but they have put a teaser for a big launch. Born for Fighters, Built for Champions XYZVerse is building a community for those hungry for big profits in crypto — the relentless, the ambitious, the ones aiming for dominance. This is a coin for true fighters — a mindset that resonates with athletes and sports fans alike. $XYZ is the token for thrill-seekers chasing the next big meme coin. Central to the XYZVerse story is XYZepe — a fighter in the meme coin arena, battling to climb the charts and make it to the top on CoinMarketCap. Will it become the next DOGE or SHIB? Time will tell. Community-First Vibes In XYZVerse, the community runs the show. Active participants earn hefty rewards, and the team has allocated a massive 10% of the total token supply — around 10 billion $XYZ — for airdrops, making it one of the largest airdrops on record. Backed by solid tokenomics, strategic CEX and DEX listings, and regular token burns, $XYZ is built for a championship run. Every move is designed to boost momentum, drive price growth, and rally a loyal community that knows this could be the start of something legendary. Airdrops, Rewards, and More — Join XYZVerse to Unlock All the Benefits Bitcoin (BTC) Source: TradingView Bitcoin trades between 107822 and 113952 today. The coin added 0.61% in the last 7 days, trimming part of the 6.02% fall logged in the past month. Even after that slide, the 6-month chart still shows a 37.87% gain. Bulls and bears are now wrestling near the midpoint of that broad upswing. Momentum feels balanced. The 10-day average sits at 111489, almost on top of the 100-day line at 111368. RSI at 53.87 is neutral, while a high stochastic reading of 86.09 hints at tired buyers. The MACD stays negative at -76.816, pointing to slow upside. This mix suggests a pause, not a collapse. Watch the levels. A push above 116759 would open the door toward 122889, a jump of about 8% from now. A break below 104499 could see a 6% slide, with 98368 next. Given the firm 6-month uptrend and flat short-term signals, the path of least resistance still leans higher, though price may first coil in this band. Ethereum (ETH) Source: TradingView Ethereum has drifted between 4183 and 4461 this week, slipping 0.24% over 7 days. The month tells a brighter story with a 1.59% climb, while the 6-month chart flashes a huge 131.48% surge. The short and long term averages meet near 4310, putting the price right on trend. A strength score of 52 shows neither side is in full control. The nearest ceiling sits at 4616. A push through that line could unlock 4894, about 10% above today’s top end. Below, buyers guard 4059; lose that floor and 3781 waits, roughly 9% lower. Momentum is mixed: a fast-moving momentum meter near 71 hints at tired bulls, while the trend gauge is only slightly negative, pointing to pause not panic. Overall the chart leans sideways after its monster half-year run. If the price can close above 4616, the path to 4894 looks open and the rally may restart, adding as much as 12% from the mid-range. Failure to clear 4616 and a slide under 4059 would likely drag ETH toward 3781, slicing near 10%. Traders now watch for a spark to tip the balance. Ripple (XRP) Source: TradingView XRP trades between 2.74 and 2.97 after a lively week that added 3.25%. The coin still carries a 7.29% dent over the past month, yet its 6-month climb of 31.19% keeps long-term spirits high. Bulls and bears are meeting in the middle as traders watch for the next clear signal. The 10-day average at 2.95 sits a little above the 100-day line at 2.90, hinting at gentle upward pressure. Momentum gauges stay neutral: RSI rests at 47.64, Stochastic at 55.92, while MACD floats just below zero. Nearest resistance stands at 3.07, then 3.30. Support waits at 2.60 and deeper at 2.37. If buyers punch through 3.07, the price could add about 7% and approach 3.30 for a total jump near 15%. Holding under 3.07 may extend the current range. A fall under 2.60 risks a slide of roughly 9%, with 2.37 marking a possible 17% retreat from today’s midpoint. Mixed signals point to more sideways grind, yet the long-term uptrend keeps an upside break on the table. Solana (SOL) Source: TradingView SOL trades between 196 and 215 after rising 4.97% this week. The token has jumped 20.51% in a month and 78.45% over the last half-year, putting it among the market’s stronger movers. Demand keeps nudging the upper band while 185 holds as quick support. Short-term momentum stays firm. The 10-day average at 218 sits above the 100-day at 209. RSI at 63 is bullish without flashing red. Stochastic near 89 warns of possible cooling, yet a break over 223 could add about 10% toward the next wall at 242. Chainlink (LINK) Source: TradingView LINK has cooled after an 80.48% burst in 6 months. It now drifts between 21.59 and 23.68, inching up 0.1674% this week and 6.82% in a month. Bulls keep pressing but no longer stampede. The coin hovers just under the 10-day average at 23.26 and a hair above the 100-day line at 22.72. RSI sits at 60.15, hinting at steady bid. MACD stays in the green while the Stochastic at 87.39 warns of a crowded trade. Resistance waits at 24.88, then 26.97. Support rests at 20.69, with 18.60 next. A break over 24.88 could spark a 10%-15% jump toward 26.97 and maybe fresh highs after that. Slip back under 22.00 and LINK may test 20.69 for an 8% dip; a deeper slide to 18.60 would erase roughly 15%. Trend and averages lean up, so a gradual climb remains the path of least resistance, but gains may slow while the market digests the earlier surge. Conclusion BTC, ETH, XRP, SOL still lead after the ETF nod, yet XYZVerse blends sports and memes, targets 20,000% gains, gives community rewards, and aims to be the GOAT coin. You can find more information about XYZVerse (XYZ) here: https://xyzverse.io/ , https://t.me/xyzverse , https://x.com/xyz_verse Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Nepal recorded 48,781 Bitchat downloads on September 8 as youth-led protests against government corruption and social media bans escalated nationwide. Jack Dorsey’s decentralized messaging app experienced massive adoption during civil unrest that left 22 dead and forced Prime Minister KP Sharma Oli’s resignation. Citizens Run to Offline Peer-to-peer Messaging The peer-to-peer application operates entirely without internet infrastructure using Bluetooth Low Energy mesh networks. Users communicate through encrypted messages that hop between devices within 30-meter ranges, creating censorship-resistant communication channels during network shutdowns. According to Bitcoin open-source developer “ callebtc ”, global downloads reached 125,486 users, with Nepal accounting for 39% of total adoption. Last week, we observed a sudden spike in bitchat downloads from Indonesia during nationwide protests. Today we're seeing an even bigger spike from Nepal during youth protests over government corruption and a social media ban. Freedom tech is for the people. Please share. pic.twitter.com/IqhRa8eCvw — calle (@callebtc) September 10, 2025 Indonesia previously recorded 12,581 downloads during August protests over parliamentary allowance increases and police brutality that killed delivery driver Affan Kurniawan. Russia contributed 8,749 downloads while the United States registered 8,211 users. Bitchat launched in beta on July 7, 2025 , filling TestFlight’s 10,000 capacity within hours. The application requires no phone numbers, email addresses, or account registration while providing end-to-end encryption through X25519 key exchange and AES-256-GCM protocols. When Democracy Burns: Nepal’s Youth Uprising Nepal’s protests began on September 1, targeting a ban on 26 social media platforms, including Facebook, Instagram, and YouTube. The restrictions aimed to enforce new regulations but triggered widespread outrage among Gen-Z activists relying on digital platforms for communication and commerce. The government lifted social media bans after intense pushback, but protests evolved into broader anti-corruption movements targeting political elite nepotism. Demonstrators attacked Parliament, the Supreme Court, and former Prime Ministers’ residences while forcing PM KP Sharma Oli’s resignation on September 9. There is no more parliament in Nepal. pic.twitter.com/79Ew4634vh — RadioGenoa (@RadioGenoa) September 10, 2025 Nepal Army deployment restored order in Kathmandu as curfews were imposed citywide. The crisis represents Nepal’s worst political unrest in decades , with 22 deaths and systematic demands for accountability transcending immediate social media concerns. Political instability has plagued Nepal since monarchy abolition in 2008, producing 13 different governments in 17 years. Youth unemployment and corruption fueled generational frustration, and the “Nepo Kids” phenomenon was highlighted as wealth inequality between political families and ordinary citizens. Pro-monarchy protests throughout 2025 had already created tensions as royalist sentiment capitalized on republican system failures. Large crowds advocating monarchy restoration clashed with police in separate demonstrations demanding political stability through constitutional monarchy return. Regional neighbor India heightened border security due to Nepal’s strategic importance and spillover violence concerns. Gen Z protesters rejected traditional political figures while demanding fundamental governmental reforms addressing corruption, nepotism, and economic mismanagement through interim leadership. Nepal The lifestyle of politicians' children is directly linked to corruption in that country. From luxury cars to designer clothes and endless vacations – everything is paid for with taxpayers' money. Anger can wait, but when it comes, it hits hard – just like in Nepal. pic.twitter.com/lX9eUf5dmc — Sprinter Express (@SprinterExpres0) September 9, 2025 However, Indonesia’s August protests involved parliamentary allowance controversies amid economic crisis and youth unemployment. President Prabowo Subianto replaced ministers following nationwide demonstrations, arson, and looting incidents that killed at least 10 protesters. Decentralized Messaging Revolution Goes Global Bitchat operates through store-and-forward systems, caching messages for offline users up to 12 hours. Each device functions as both client and server, creating self-organizing mesh networks resilient to single points of failure or centralized attacks. Messages fragment into 500-byte chunks, enabling transmission across multiple device hops with up to seven relay points. Bitchat architecture overview. Source: Github Random peer IDs are generated for each session, protecting user privacy while eliminating persistent identifiers like phone numbers. The application features emergency wipe capabilities through triple-tap commands, instantly clearing local data. IRC-style command interfaces provide familiar chat room experiences for users accessing topic-based channels without internet connectivity. Dorsey developed the weekend project addressing disaster coordination, event overflow communication, checkpoint synchronization, and cross-community bridges. Previous adoption spikes occurred during Hong Kong protests when a similar app, Bridgefy, saw 4,000% usage increases. Mesh networking technology adoption indicates growing demand for censorship-resistant communication tools during political instability. Source: Cointelegraph Major tech companies, including Google and Starlink, have invested in mesh solutions, creating decentralized infrastructure alternatives. Earlier this year, Elon Musk also announced XChat development featuring Bitcoin-style encryption and Rust programming language architecture. The X platform messaging system promises cross-platform audio/video calling without phone number requirements. However, despite a clear need, regulatory challenges persist as completely encrypted mesh networks complicate law enforcement tracing capabilities. Decentralized systems resist shutdown attempts while providing anonymous communication channels during internet blackouts or government censorship campaigns. The post Nepal Protesters Turn to Jack Dorsey’s Peer-to-Peer Messaging App to Circumvent Social Media Ban appeared first on Cryptonews .
Traders looking ahead to the first quarter of 2026 are no longer just paying attention to Bitcoin and Ethereum. Analysts are increasingly pointing to a developing DeFi cryptocurrency that is getting a lot of attention for its quickness, low-cost execution, and significant presale popularity. These titans will still be part of the digital economy. People are now saying that Mutuum Finance (MUTM) is the token that will reach $2, and its technology and tokenomics make it apparent how it will get there. Why MUTM is building an edge in DeFi As news stories about crypto ETF launches take over the news and investors look to crypto prices today to see where the market is going, the most important thing is where new ideas will make the most money. Mutuum Finance (MUTM) is not just another passive store of wealth; it is a next-generation DeFi system that aims to lower costs, increase liquidity, and focus activity toward direct token demand. By working with Layer-2 solutions, it will have a big advantage over first-generation DeFi systems since it will lower transaction costs and speed them up. Lower costs will lead to increased borrowing, lending, and liquidations, which will in turn increase the protocol’s income. Traders who demand speed without giving up security will be drawn to faster transactions. The capacity to act swiftly and cheaply will be key to getting people to use your product in a market that is constantly at risk of a crypto crash. Mutuum Finance (MUTM) similarly relies on a buy-and-distribute system to make sure that its token will always have money coming in. The system will utilize the money it makes from fees and liquidation penalties to buy MUTM from the open market. Then, those tokens will be given to mtToken stakers, which will keep user demand and upward pressure on the price. Analysts are sure that the $2 aim is attainable in the near future because of this framework. Presale traction and demand catalysts The presale is quickly picking up speed. So far, Mutuum Finance (MUTM) has raised $15.6 million. The price of its Phase 6 tokens is $0.035. Out of the 170 million tokens set up for this round, 36% have already been sold. The project has brought on more than 16,200 holders, which shows that the community is becoming more confident. The whole framework has been checked by CertiK, which gave it a Token Scan score of 95 and a Skynet score of 78. The project is giving away $100,000 to the community and $50,000 to anybody who finds bugs to make its ecosystem even stronger. It’s evident that this is urgent: the token price will go up 15% to $0.040 when Phase 7 starts. This means that Phase 6 is the last option for investors to get exposure for less than $0.05 before the protocol lists. With this sort of planned growth, traders are already calling it one of the finest cryptocurrency chances before the first quarter of 2026. Mutuum Finance (MUTM) will open its beta platform right away when it becomes public. This means that people will be able to borrow and lend money right away. Early adopters will help the revenue model that supports buybacks and staking incentives by giving it quick traction. The protocol will also enable stablecoins, which will increase the need for borrowing and lending even more. Stablecoins have always been the most liquid and extensively utilized assets in DeFi. Their inclusion will make Mutuum Finance (MUTM) a key participant in this space. Expected exchange listings will also increase liquidity and visibility. Mutuum Finance (MUTM) is getting ready to work with major platforms, including Binance, KuCoin, Kraken, and Coinbase. These listings will provide the project more visibility throughout the world and ensure that investors can always find enough liquidity to trade, which will boost confidence in the project’s growth path. Final words Traders trying to figure out which cryptocurrency to purchase before Q1 2026 are betting on things like scalability, mechanisms that are supported by income, and things that will help the currency become more popular. Mutuum Finance (MUTM) has all three, and the presale lets investors lock in value before the token’s price goes up to the predicted $2 level. The upside is huge at $0.035 today. Traders know that the discount period will end once the presale is finished and the beta platform is up and running. The time to get tokens for less than $0.05 is running out fast. Mutuum Finance (MUTM) is the cryptocurrency that will be at the center of talks about what to purchase before Q1 2026. Its speed, cost-effectiveness, and buyback-driven tokenomics are its strengths. Mutuum Finance (MUTM) is the asset racing toward $2 for those who want to explore beyond the big names. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://www.mutuum.com Linktree: https://linktr.ee/mutuumfinance The post Best crypto to buy before Q1 2026? Traders tip altcoin gunning for $2 appeared first on Invezz
Nemo Protocol released a comprehensive post-mortem blaming a rogue developer for deploying unaudited code containing critical vulnerabilities that enabled a $2.59 million exploit on September 7 . The DeFi yield platform detailed how the unnamed developer secretly introduced new features without audit approval and used unauthorized smart contract versions. The attack exploited two key vulnerabilities: a flash loan function incorrectly exposed as public and a query function that could modify contract state without authorization. Hackers bridged stolen funds to Ethereum via Wormhole CCTP, with $2.4 million currently held in the hacker’s address. As many of you know, Nemo Protocol suffered a security incident on Sept 8. Today we are releasing our full incident report to provide transparency into our response, including the root cause, learnings, and next steps. We sincerely apologize for the impact on @Movebit and for the… pic.twitter.com/ROml1aUNUv — Nemo (@nemoprotocol) September 11, 2025 How it All Started The root cause traces to January 2025, when a developer submitted code containing unaudited features to MoveBit auditors. The developer failed to highlight new additions while mixing previously audited fixes with unreviewed functionality. MoveBit issued its final audit report based on incomplete information. The same developer then deployed contract version 0xcf34 using single-signature address 0xf55c rather than the audit-confirmed hash, bypassing internal review processes. Asymptotic team identified the critical C-2 vulnerability in August, warning that some functions could modify code without permission. The developer dismissed the severity and failed to implement necessary fixes despite available support. Attack execution began at 16:00 UTC on September 7 with hackers leveraging the flash loan function and the get_sy_amount_in_for_exact_py_out query vulnerability. The team detected anomalies thirty minutes later when YT yields displayed over 30x returns. On August 11, we reported a Critical vulnerability (C-2) to Nemo regarding unauthorized manipulation of py_index_stored, an index variable which affects all interest, yield, and conversion calculations. We warned of potential "incorrect payouts, market disruption, and loss of… https://t.co/RCgiloT7fE — Asymptotic (@AsymptoticTech) September 11, 2025 The Developer’s Secret Code Deployment In late 2024, initial audit submissions correctly configured flash_loan as an internal non-callable function while development teams iterated on features. The developer drew inspiration from Aave and Uniswap protocols to maximize composability through flash loan capabilities. However, the implementation critically underestimated security risks and incorrectly used public methods rather than internal functions. The earlier-mentioned function, intended to enhance swap quoting mechanisms, contained implementation errors. Functions designed for read-only purposes were coded with write capabilities, creating the primary attack vector. On January 5, 2025, the developer integrated unaudited features into the final codebase after receiving MoveBit’s initial audit report. The mixed version contained both fixed issues and new unaudited features without explicit scope highlighting. The developer communicated directly with the MoveBit team on January 6, obtaining final audit reports through modification of previous versions. Instead of using confirmation hashes from audit reports, separate upgrades and deployments occurred without the internal team’s knowledge. Single-signature deployment address enabled unauthorized contract version activation. This version remained in the active code until exploit occurrence despite subsequent security procedure implementations. April’s transition to multi-signature upgrade protocols failed to address the fundamental issue. The developer transferred only contract caps while maintaining vulnerable code rather than deploying audit-confirmed versions. Nemo Protocol loses $2.4M to hackers on Sui blockchain as TVL crashes 75% from $6.3M, marking the third major DeFi hack this month alone. #Sui #Nemo https://t.co/ZrVfJk2cZr — Cryptonews.com (@cryptonews) September 8, 2025 Fund Recovery and Security Remediation Efforts Stolen assets totaling $2.59 million were quickly moved through sophisticated laundering operations. Primary attacker wallet initiated cross-chain transfers at 16:10 UTC via Wormhole CCTP before final aggregation on Ethereum. However, security teams established monitoring protocols for the holding address while coordinating with centralized exchanges on asset freezing. White-hat agreement frameworks and hacker bounty programs were also implemented to encourage fund recovery. As for the remediation effort, emergency incremental audits were submitted to Asymptotic with plans for additional independent security firm reviews. Manual-fix functions were also integrated into new contract patches to enable multi-signature wallet restoration of corrupted code. As a result of the hack, the total value locked instantly collapsed from $6.3 million to $1.63 million now as users withdrew over $3.8 million worth of USDC and SUI tokens. Source: DefiLlama To compensate affected users, plans have been put in place for debt-structuring design at the tokenomics level, with community sharing scheduled upon finalization. The protocol apologized for security failures while implementing enhanced monitoring, stricter controls, additional audit checkpoints, and expanded bug bounty programs. The exploit contributes to the ongoing 2025’s devastating DeFi security crisis with over $2.37 billion in losses across 121 incidents in the first half alone. So far this year, September emerged as particularly destructive with SwissBorg’s $41.5 million SOL hack , npm supply chain attacks affecting billions of downloads, and multiple protocol exploits happening almost at the same time. The post Nemo Protocol Blames $2.6M Exploit on Developer Who Deployed Unaudited Code appeared first on Cryptonews .
By 2025, Ripple Labs remains the single largest XRP holder, holding a sizable portion of supply in escrow, followed by a concentrated group of institutional and whale wallets. This concentration
The Easy Group has launched easybitcoin.app, a mobile app powered by Uphold designed to simplify bitcoin buying and earning for everyday users, the company announced Sept. 9, 2025. The app offers three earning mechanisms—a 1% welcome bonus on the first $5,000 of recurring buys each month, 2% bitcoin rewards after three months of recurring purchases,