🚀 SlowMist Launches Comprehensive Incident Response Service for Web3 Projects
#SlowMist #IncidentResponse #Web3 #BlockchainSecurity #SecurityService #AssetTracking #OnChainAnalysis #OffChainAnalysis
According to Foresight News, blockchain security firm SlowMist has announced the launch of its incident response service tailored for Web3 projects. This new service encompasses a wide range of incident response activities, including in-depth on-chain and off-chain analysis and the tracking of stolen assets. The initiative aims to enhance the security of Web3 projects and prevent future incidents.#SlowMist #IncidentResponse #Web3 #BlockchainSecurity #SecurityService #AssetTracking #OnChainAnalysis #OffChainAnalysis
🚀 Elliptic Launches Tool for Tracking Stablecoin Movement Across Multiple Blockchains
#Elliptic #Stablecoins #USDT #USDC #Tron #Ethereum #BlockchainAnalytics #WalletAudits #AssetTracking #CryptoCompliance #FinancialInstitutions #Blacklisting #Freeze #CriminalActivity
According to PANews, blockchain analytics firm Elliptic has introduced a new tool designed to track the movement of stablecoins like USDT and USDC across various blockchains. This tool aims to assist major financial institutions and stablecoin issuers in conducting wallet audits and asset tracking. Several large banks have already adopted the tool, which is applicable to all stablecoin issuers.
Elliptic reports that USDT has the highest circulation on the Tron and Ethereum blockchains. The firm notes that criminals often use stablecoins to mitigate currency risks. Most stablecoin issuers have the capability to freeze or blacklist addresses. Last year, Tron, Tether, and TRM Labs collectively froze over $250 million in assets linked to criminal activities.#Elliptic #Stablecoins #USDT #USDC #Tron #Ethereum #BlockchainAnalytics #WalletAudits #AssetTracking #CryptoCompliance #FinancialInstitutions #Blacklisting #Freeze #CriminalActivity
🚀 Tether Introduces Scudo for Simplified Gold Transactions
#Tether #Scudo #GoldTransactions #TetherGold #XAU₮ #Stablecoin #GoldValue #DigitalGold #Cryptocurrency #Blockchain #AssetTracking
According to PANews, Tether, a stablecoin issuer, has announced the launch of Scudo, a new accounting unit for its tokenized gold product, Tether Gold (XAU₮). This initiative aims to make gold a more accessible payment method for everyone. Tether defines one Scudo as one-thousandth of a troy ounce of gold (or one-thousandth of XAU₮), facilitating clearer price indications, easier transfers, and more intuitive use of gold value. Users can now trade in whole or fractional Scudo units, eliminating the need to send or price assets in complex decimal fractions of XAU₮. This development enhances gold's practicality as a store of value and its convenience as a medium of exchange.
Tether Gold remains fully backed by physical gold stored in secure vaults, with ownership verifiable on-chain through Tether's asset tracking tool. Scudo does not alter the structure or backing of XAU₮ but offers a simpler way to measure and trade gold value, especially amid rising prices.#Tether #Scudo #GoldTransactions #TetherGold #XAU₮ #Stablecoin #GoldValue #DigitalGold #Cryptocurrency #Blockchain #AssetTracking
🚀 CrossCurve Cross-Chain Bridge Faces Exploit Due to Smart Contract Vulnerability
#CrossCurve #CrossChainBridge #Exploit #SmartContractVulnerability #Odaily #SafeHarbor #WhiteHat #Bounty #FundsRecovery #Ethereum #CriminalProceedings #AssetTracking
CrossCurve has announced that its cross-chain bridge has been exploited due to a vulnerability in a smart contract. According to Odaily, the project team has urged users to immediately halt all interactions with CrossCurve until the investigation is complete and promised to provide updates through official channels.
The team confirmed that some addresses received tokens that should have belonged to users due to the vulnerability. CrossCurve stated that no malicious intent has been detected from these addresses and has requested cooperation in returning the misappropriated assets. Under its Safe Harbor white hat policy, those assisting in the recovery of funds may retain up to 10% as a bounty.
The announcement warned that if funds are not returned or contact is not made within 72 hours from Ethereum block height 24,364,392, the project team may escalate the situation. This could include initiating criminal and civil proceedings and collaborating with exchanges, stablecoin issuers, and on-chain analysis firms to freeze or track the involved assets.#CrossCurve #CrossChainBridge #Exploit #SmartContractVulnerability #Odaily #SafeHarbor #WhiteHat #Bounty #FundsRecovery #Ethereum #CriminalProceedings #AssetTracking