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🟣 Polygon has proposed a hard fork to recover 70.49 million POL — worth around $6.5 million — stolen in the separate Binance and Polymarket security incidents on Oct 29–30.
The Polygon Improvement Proposal, posted Nov 4 by the Polygon Labs validator support team, would zero out five attacker-controlled addresses (46.63M POL linked to Binance, 23.86M POL to Polymarket) and credit the same amounts to verified recovery wallets. No new tokens would be minted and total supply stays unchanged.
The funds are already frozen — block producers added the addresses to a denylist — but the freeze alone can't return them. The proposal calls the fork an "extreme action" that should not be reproduced commonly. It goes before the Polygon Protocol Governance Call today (Nov 5, 14:30 UTC); if approved, client work and Amoy testnet rehearsal would take about two weeks.
Should a chain ever rewrite balances to return stolen funds? 👇
#Polygon #POL #Crypto #Blockchain #Binance #Polymarket #CryptoNews #Zimbuck
238 Aufrufe -
🔧 The XRP Ledger has activated a fix for a bug that let an account authorized only to destroy an issuer's tokens also create new ones under certain conditions.
The update, called fixCleanup3_4_0, went live Wednesday at 14:52 UTC at ledger 108,112,129. The flaw sat in the network's permission delegation system — it affected assets issued on the ledger, including stablecoins, rather than XRP itself. No exploitation has been publicly confirmed.
The release also includes accounting corrections for the planned lending system and Single Asset Vaults. The amendment needed support from over 80% of trusted validators for 14 straight days before activation.
#XRP #XRPLedger #Ripple #Crypto #Blockchain #CryptoNews #Zimbuck
181 Aufrufe -
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⚖️ Arkansas has sued prediction-market platform Kalshi, accusing it of running an illegal gambling operation in the state.
Attorney General Tim Griffin filed the suit on Nov 4 against KalshiEX LLC and Kalshi Inc., saying the platform let Arkansas residents as young as 18 wager on sports, elections and entertainment without state gambling licences. The 57-page complaint, filed in Independence County Circuit Court, calls Kalshi a "pocket-sized bookie" and seeks restitution, civil penalties, unpaid gambling taxes and an injunction.
Arkansas is the seventh state to charge, sue or restrict Kalshi, according to a CoinDesk tally. Utah filed 14 criminal charges against the company and its co-founders last week, while the CFTC has sued 10 states defending its jurisdiction over prediction markets. Kalshi says its contracts are federally regulated derivatives, not gambling.
Kalshi took 82% of a record $72.3 billion in combined prediction-market volume in September, according to FM Intelligence.
#Kalshi #Arkansas #PredictionMarkets #Crypto #Regulation #CryptoNews #Zimbuck
201 Aufrufe -
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🚀 BITCOIN REBOUNDS ABOVE $80,000!
Bitcoin surged nearly 6% to $80,484 after dipping toward $75,700 during the U.S. midterm elections — a sharp V-shaped recovery that led a broad crypto rebound. 📈
✅ Ethereum climbed 8% to $2,425
✅ Zcash jumped almost 12% to $1,318 ahead of its NU7 upgrade
✅ Spot Bitcoin ETFs took in $74.6M — ending three days of outflows
✅ Nearly $378M in bearish bets liquidated within one hour
The rebound came as U.S. stocks posted their best post-midterm day in 44 years, with hopes for an end to the Iran conflict and lower oil prices lifting risk assets.
Resistance now sits at $81,300–$82,000. Can the bulls hold $80K? 👀
#Bitcoin #BTC #Crypto #Ethereum #Zcash #CryptoNews #BitcoinNews #Investing #Finance #Zimbuck
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199 Aufrufe -
🚨 Trump Media has moved 4,259 BTC — worth roughly $342 million — to Crypto.com, according to Arkham blockchain data.
The coins came from wallets labelled as collateral for the company's convertible notes, in two transfers of 2,140 BTC and 2,119 BTC. The move equals about 30% of the ~14,139 BTC Trump Media said it held as of July 31.
The timing matters: noteholders can demand cash repayment on November 30 — potentially up to $1 billion if all exercise that right. A sale has NOT been confirmed — Trump Media has previously described similar moves as custody or trading management.
#Bitcoin #BTC #TrumpMedia #CryptoCom #Crypto #CryptoNews #BitcoinNews #Zimbuck
194 Aufrufe
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