hodler

8 Jun 2026, 15:14

Yuga Labs Just Pulled Off A $500,000 Crypto Heist — Against These Hackers

Yuga Labs, the company behind Bored Ape Yacht Club and CryptoPunks, completed a covert whitehat operation on June 8 to rescue 68 blue-chip NFTs — worth more than $500,000 — from an active exploit targeting Flooring Protocol, deploying its own funds and acting before additional attackers could drain assets that included some of the most valuable tokens in NFT history. Yuga Labs CEO Michael Figge (@mfigge) announced the successful operation on X, publishing a full inventory of the rescued assets now held in the company’s custody: 29 Bored Ape Yacht Club NFTs, four Mutant Apes, one Bored Ape Kennel Club token, two CryptoPunks, one Azuki, two Elementals, 26 Captains, one Moonbird, and two Doodles. “We’ve just finished a whitehat operation on an exploit discovered in Flooring Protocol,” Figge wrote, noting that Yuga Labs VP of Blockchain 0xQuit (@0xQuit) led the on-chain recovery effort. The operation was funded through GrailsOTC, Yuga Labs’ over-the-counter trading desk — which Figge said he “quietly instructed” to front the capital and NFTs needed to pull the at-risk assets out of the protocol before additional bad actors could act on the same vulnerability. The company plans to return all 68 NFTs to their original owners once a technical fix has been deployed and verified. How The Crypto Exploit Worked The mechanics of the attack, explained in a technical thread by 0xQuit on X, reveal a sophisticated vulnerability embedded in Flooring Protocol’s core accounting logic. A malicious actor turned a dust amount of WETH — a negligible quantity — into a near-infinite fpToken balance by exploiting an edge case in how the protocol handled token ownership records. The attacker then used the inflated balance to drain Flooring pools, with a subsequent opportunist scooping up the now-depleted pool tokens and exchanging them for the underlying NFTs. The deeper vulnerability, per 0xQuit’s post, came from packed ownership and indexing logic — a technical design choice where a malicious token ID could make ownership verification checks pass while downstream accounting recorded a different result entirely, creating what he described as “ghost ownership.” An unchecked balance update then caused an arithmetic underflow, handing the attacker a balance far larger than legitimately entitled. Once that inflated balance was in place, token prices could be pushed near zero and liquidity extracted from the pool at will. After reviewing the initial attack path, Yuga Labs’ team identified a second, broader vulnerability that exposed additional NFT pools not yet touched by the original attacker. That discovery triggered the emergency whitehat operation — the team moved to pull all at-risk assets before another actor could find and exploit the same second path independently. The Protocol Behind The Incident Flooring Protocol’s architect, @0xFreeLunch, acknowledged on X that the vulnerability originated in gas-saving bit-level code design — a class of optimization where developers reduce computational costs by packing multiple values into shared storage slots. Despite multiple security reviews, the flaw went undetected, per his post. The admission is notable: gas optimization trade-offs that appear safe in isolation can create exploitable surface area when token IDs fall outside expected ranges. Flooring Protocol had already been winding down its consumer-facing NFT services since September 2025 — the platform advised FPv2 token holders to redeem assets and exit fractional positions before October of that year. Yet its smart contracts remained live with user assets inside, creating exactly the kind of legacy exposure that attackers increasingly target in aging DeFi infrastructure. 0xQuit warned on X that some NFTs remain under attacker control and urged all users to avoid depositing additional NFTs into Flooring Protocol until a verified fix is deployed. CryptoPunks — two of which were among the rescued assets — currently carry a floor price of approximately 32.7 ETH, or roughly $54,612 per token, while BAYC NFTs sit around 9.16 ETH, per CoinGecko data. This development marks a pivotal and unusual moment for the nascent sector’s approach to DeFi security. A blue-chip NFT company deploying its own balance sheet to rescue third-party assets from an active exploit — unprompted, at speed, and at cost — is a form of ecosystem responsibility the space rarely sees. The question the industry will now ask is how many other aging protocols still carry similar vulnerabilities in their legacy contracts, waiting for the attacker who finds the second path before anyone else does. Cover image from Grok, ETHUSD chart from Tradingview

8 Jun 2026, 14:40

Felix to Shut Down Hyperliquid-Based DEX on June 20

BitcoinWorld Felix to Shut Down Hyperliquid-Based DEX on June 20 Decentralized finance protocol Felix has announced the planned shutdown of its decentralized exchange (DEX) built on the Hyperliquid (HYPE) HyperEVM network. The closure is scheduled for June 20, following the earlier termination of its USDH stablecoin service. Phased Shutdown Details Felix communicated the decision via its official X account, stating that after discontinuing the USDH service, it will halt operations for all currently active HIP-3 based markets. The shutdown will proceed in phases, beginning on June 19, with a complete termination of all DEX functions on June 20. Users are advised to close any open positions and withdraw funds before the final deadline. Context and Implications The closure of Felix’s DEX marks a notable event within the Hyperliquid ecosystem, a platform known for its high-performance perpetual futures trading. HyperEVM, Hyperliquid’s Ethereum Virtual Machine-compatible layer, was designed to enable the deployment of decentralized applications directly on its network. Felix was one of the early protocols leveraging this infrastructure. The shutdown raises questions about the sustainability of smaller DeFi protocols operating on specialized L1/L2 networks, particularly when their core stablecoin or lending products are withdrawn. What This Means for Users For traders and liquidity providers on Felix, the immediate priority is to manage their positions. All markets based on the HIP-3 standard will cease operation. The protocol has not indicated any plans for a migration or replacement service. This event serves as a reminder of the operational risks inherent in early-stage DeFi protocols, where service continuity is not guaranteed. Users should verify their ability to withdraw assets before the June 20 deadline to avoid potential loss of funds. Conclusion The Felix shutdown is a concrete example of the volatile nature of the DeFi landscape, where protocols can be discontinued with relatively short notice. While the immediate impact is limited to Felix’s user base, it also highlights the dependency of specialized DEXs on the health of their underlying stablecoin and infrastructure. The Hyperliquid ecosystem continues to operate, but the loss of a native DEX like Felix may affect liquidity and user confidence in the short term. FAQs Q1: When exactly will the Felix DEX shut down? The final shutdown is scheduled for June 20, with a phased closure beginning on June 19. Q2: Why is Felix shutting down its DEX? Felix has stated the shutdown follows the termination of its USDH service. The exact reasons for discontinuing USDH have not been detailed, but the closure of the DEX is a direct consequence. Q3: What should users do with their funds on Felix? Users should close any open positions and withdraw all assets from the Felix platform before June 20 to avoid losing access to their funds. This post Felix to Shut Down Hyperliquid-Based DEX on June 20 first appeared on BitcoinWorld .

8 Jun 2026, 13:46

ZIGChain integrates Ondo tokenized stocks and ETFs

ZIGChain, a blockchain focused on bringing investment products on-chain for institutions and retail users, has announced an integration with Ondo Finance to bring Ondo’s tokenized stocks and ETFs to the ZIGChain ecosystem. The integration is intended to expand access to on-chain exposure to publicly traded U.S. securities, particularly for users across the GCC region and other markets served by ZIGChain. According to the companies, Ondo Finance has developed infrastructure that enables traditional securities to be offered as programmable on-chain products. Through the integration, ZIGChain will provide the infrastructure needed to extend access to those tokenized assets to a broader user base. "The next phase of onchain finance is not about replicating access that institutions already have. It is about taking those instruments and making them genuinely accessible to a broader universe of participants, through transparent, scalable onchain infrastructure, without the minimums and intermediaries that have always stood in the way," said Abdul Rafay Gadit, Co-Founder, ZIGChain. "Ondo has done the hard work of bringing these products onchain. ZIGChain is the infrastructure through which it reaches a new generation of users. For us, this is deeply aligned with our mission: to make high-quality financial opportunities more open, more programmable, and more globally accessible." ZIGChain said the partnership aligns with its goal of making established financial products and investment opportunities available on-chain, allowing users to access tokenized versions of traditional assets through blockchain infrastructure. Access to Ondo-tokenized products through ZIGChain will be rolled out in phases, beginning at the end of May. Initial availability will be offered through selected ecosystem applications and partners, with broader access expected over time. The companies noted that the integration does not involve a token launch and does not guarantee any yield or investment returns. The underlying assets are issued by Ondo Global Markets (BVI) Limited, while ZIGChain does not provide custody for the underlying real-world assets. The integration is intended to expand access to tokenized US stocks and ETFs through blockchain infrastructure, although all investments remain subject to market and other risks. The post ZIGChain integrates Ondo tokenized stocks and ETFs appeared first on Invezz

8 Jun 2026, 13:30

ZIGChain and Ondo Finance partner to expand onchain access to US securities

ZIGChain integrates Ondo Finance to bring tokenized US stocks and exchange-traded funds ( ETFs ) onchain, according to information shared with Finbold on Monday, June 8, 2026 ZIGChain, a Layer 1 blockchain built to bring investment products onchain for institutions and everyday users, has announced an integration with Ondo Finance to bring tokenized US stocks and ETFs to users across ZIGChain’s ecosystem. Ondo Finance pioneered the tokenization of institutional-grade real-world assets, and the integration extends onchain exposure to publicly traded US securities to a new generation of users across the GCC and beyond. The integration deepens ZIGChain’s real-world asset stack alongside Valdora Finance’s Liquid RWA Vaults and Beehive’s tokenized SME private credit pipeline. Access to Ondo-tokenized products through ZIGChain will roll out in phases beginning at the end of May, with initial availability across selected ecosystem applications and partners, expanding over time. Bringing institutional-grade securities to a broader user base Ondo Global Markets is the issuance and redemption platform behind the tokenized stocks and ETFs. Each token is fully backed by the corresponding stock or ETF, enabling investors outside the United States to gain economic exposure to publicly traded US securities by minting, transferring, and redeeming securities-backed tokens. “The next phase of onchain finance is not about replicating access that institutions already have. It is about taking those instruments and making them genuinely accessible to a broader universe of participants, through transparent, scalable onchain infrastructure, without the minimums and intermediaries that have always stood in the way,” said Abdul Rafay Gadit, Co-Founder, ZIGChain . “Ondo has done the hard work of bringing these products onchain. ZIGChain is the infrastructure through which that reaches a new generation of users. For us, this is deeply aligned with our mission: to make high-quality financial opportunities more open, more programmable, and more globally accessible.” “Bringing tokenized US stocks and ETFs to new ecosystems and user bases is core to what the Ondo Global Markets platform enables. ZIGChain’s infrastructure gives investors across the GCC onchain exposure to the world’s most in-demand securities, with the execution quality and transparency that institutional markets demand. This is exactly the kind of distribution that expands the reach of tokenized finance where it matters most” said Oya Celiktemur, EMEA Director, Ondo Finance. Featured image via Shutterstock. The post ZIGChain and Ondo Finance partner to expand onchain access to US securities appeared first on Finbold .

8 Jun 2026, 13:12

CoinDesk 20 performance update: NEAR gains 12.3% as almost all assets trade higher

Bittensor (TAO), up 12% from Friday, joined NEAR Protocol (NEAR) as a top performer.

8 Jun 2026, 13:00

Why NEAR Protocol’s 11% rally has traders watching $2.20 closely

NEAR recovered above $2.00 as volume rose and bullish positioning remained dominant.