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7 May 2026, 03:30

TrustedVolumes Hacker Moves $5.87M in Stolen Funds to Ethereum

BitcoinWorld TrustedVolumes Hacker Moves $5.87M in Stolen Funds to Ethereum Blockchain security firm Beosin reported via X that the hacker responsible for the recent TrustedVolumes exploit has converted approximately $5.87 million in stolen assets into Ethereum (ETH). The funds are now distributed across two wallet addresses, holding 1,291.07 ETH and 1,222.12 ETH, respectively. Details of the Fund Movement The conversion of the stolen funds to ETH represents a common tactic among hackers seeking to consolidate assets or obfuscate their trail. Beosin’s alert confirms that the funds, originally stolen in a variety of tokens, were swapped on decentralized exchanges before being split between the two addresses. Blockchain security firm Blockaid had previously analyzed the attack, attributing it to a vulnerability in a smart contract associated with TrustedVolumes. Blockaid also suggested that the perpetrator may be the same individual behind last year’s exploit of the decentralized exchange aggregator 1inch. Connecting the Dots: A Pattern of Exploits? The potential link to the 1inch hack adds a layer of concern for the crypto community. In that incident, the attacker exploited a similar smart contract flaw, leading to significant losses. If the same actor is responsible, it suggests a targeted approach against protocols with specific vulnerabilities. The conversion to ETH also makes it easier for the hacker to eventually move funds through mixers or other privacy tools, a step often seen in high-profile crypto thefts. What This Means for Users and Investors For users of TrustedVolumes and similar platforms, this incident underscores the critical importance of smart contract audits and real-time monitoring. While the stolen funds are now in a more liquid form, security firms are tracking the wallets closely. The case also highlights the ongoing cat-and-mouse game between blockchain security teams and sophisticated attackers. Investors should remain vigilant and prioritize platforms with proven security records and transparent incident response protocols. Conclusion The conversion of stolen TrustedVolumes funds to ETH marks a significant step in the attacker’s post-exploit strategy. With security firms like Beosin and Blockaid actively monitoring the situation, the crypto community awaits further developments. This event serves as a stark reminder of the persistent risks in decentralized finance and the need for robust security measures. FAQs Q1: What is the total amount stolen from TrustedVolumes? The total stolen amount is approximately $5.87 million, which has now been converted to Ethereum and split between two wallets. Q2: How was the TrustedVolumes hack carried out? According to Blockaid, the attack exploited a vulnerable smart contract. Security analysts have suggested the same hacker may be responsible for a previous exploit on the 1inch platform. Q3: Are the stolen funds traceable? Yes, blockchain security firms are actively tracking the two Ethereum addresses holding the funds. However, the conversion to ETH could precede attempts to launder the assets through privacy tools or mixers. This post TrustedVolumes Hacker Moves $5.87M in Stolen Funds to Ethereum first appeared on BitcoinWorld .

7 May 2026, 03:20

WLFI Token Holders Vote Overwhelmingly to Delay Unlocks and Burn 10% of Supply

BitcoinWorld WLFI Token Holders Vote Overwhelmingly to Delay Unlocks and Burn 10% of Supply A governance proposal from World Liberty Financial (WLFI), the decentralized finance project linked to the Trump family, has passed with overwhelming support. The measure, which delays token unlocks for early contributors and burns 10% of the total supply, received 99.9% approval from roughly 11.2 billion votes cast. The voting period ran from April 30 to May 7. What the Proposal Changes The approved measure affects approximately 62.282 billion WLFI tokens originally allocated to early contributors, founders, the team, and advisors. Under the new terms, these tokens will begin unlocking in two years and will be fully released by the fifth year. Tokens held by parties that do not agree to the new schedule will be locked indefinitely. The proposal also mandates the burning of 10% of the total WLFI token supply, effectively removing those tokens from circulation. This move is designed to reduce circulating supply and potentially support token value, though market reaction remains to be seen. Centralization Concerns Surface The vote has reignited debate over governance centralization in DeFi projects. According to on-chain data, the top four WLFI-holding addresses control approximately 40% of total voting power. Critics argue that such concentrated influence undermines the decentralized ethos of blockchain governance, as a small group of holders can effectively dictate the outcome of major decisions. Supporters of the proposal counter that the delay and burn mechanism is a necessary step to align long-term incentives and prevent early investors from dumping tokens on retail participants. They point to similar lock-up structures used by other major DeFi protocols as precedents. Market Context and Token Performance WLFI is currently trading at $0.06682, according to CoinMarketCap data. The token has experienced volatility since its launch, reflecting broader market trends and the project’s political associations. The passing of this governance proposal could influence short-term price action, though analysts caution that the two-year unlock delay means any supply-side impact will not be felt immediately. Why This Matters for DeFi Governance The WLFI vote serves as a case study in the ongoing tension between decentralized ideals and practical governance. While the proposal passed with near-unanimous support, the concentration of voting power raises questions about whether such outcomes truly represent the will of the broader community. For WLFI token holders, the decision locks in a long-term commitment that could affect liquidity and price stability for years to come. The project, which has drawn attention due to its ties to the Trump family, continues to navigate both regulatory scrutiny and market skepticism. The successful passage of this proposal may strengthen confidence among long-term supporters, but it also highlights the governance challenges that DeFi projects face as they mature. Conclusion The passage of WLFI’s token unlock delay and burn proposal marks a significant moment for the project, reflecting strong community support while exposing persistent concerns about governance centralization. With tokens now locked for a minimum of two years, the focus shifts to whether the project can deliver on its roadmap and build sustained value for holders. FAQs Q1: What does the WLFI proposal do? The proposal delays the unlock of approximately 62.282 billion tokens allocated to early contributors, founders, team, and advisors. It also burns 10% of the total WLFI token supply. Q2: When will the locked WLFI tokens begin to unlock? Under the new schedule, tokens will begin unlocking in two years and will be fully released by the fifth year. Tokens held by parties not agreeing to the new terms will be locked indefinitely. Q3: Why are centralization concerns being raised? The top four WLFI-holding addresses control about 40% of total voting power, leading critics to argue that governance decisions may not reflect the broader community’s interests. Supporters say the lock-up is necessary for long-term project stability. This post WLFI Token Holders Vote Overwhelmingly to Delay Unlocks and Burn 10% of Supply first appeared on BitcoinWorld .

7 May 2026, 01:40

ZetaChain Integrates xAI’s Grok 4.3 to Power Multi-Model AI Comparisons

BitcoinWorld ZetaChain Integrates xAI’s Grok 4.3 to Power Multi-Model AI Comparisons ZetaChain, a Layer 1 blockchain project focused on cross-chain interoperability and artificial intelligence, has integrated xAI’s latest AI model, Grok 4.3, into its proprietary AI layer. The integration, announced this week, aims to enhance the platform’s capabilities in agent tool calling and instruction following, while offering a substantial 1 million token context window for complex queries. Expanding AI Interoperability on ZetaChain ZetaChain’s integration of Grok 4.3 marks a significant step in its strategy to combine blockchain infrastructure with advanced AI models. The company stated that the new model will be available through its Anuma platform, which allows users to run the same prompt across multiple AI models simultaneously and compare answers instantly. This feature is designed to eliminate the need for users to switch between tabs or create multiple accounts, streamlining the evaluation process for developers and researchers. What Grok 4.3 Brings to the Table xAI’s Grok 4.3 is the latest iteration of the AI model developed by Elon Musk’s company. It boasts upgraded performance in agent tool calling, enabling more efficient execution of automated tasks, and improved instruction following, which allows for more precise responses to user commands. The 1 million token context window is particularly notable, as it permits the model to process and analyze large volumes of text in a single session, making it suitable for tasks such as document review, code analysis, and long-form content generation. Implications for Developers and Users For developers working on ZetaChain, the integration offers a new tool for building AI-powered decentralized applications. The ability to compare outputs from multiple models—including Grok 4.3 and potentially others—could accelerate development cycles and improve decision-making. For end users, the Anuma platform provides a practical way to test AI responses without the friction of managing multiple subscriptions or interfaces. The move also reflects a broader trend of blockchain projects incorporating AI to enhance functionality. ZetaChain’s focus on interoperability—both between blockchains and now between AI models—positions it as a potential hub for cross-platform innovation. Conclusion ZetaChain’s integration of Grok 4.3 represents a practical application of AI within blockchain infrastructure, offering users a streamlined way to compare model outputs. While the long-term impact on the broader crypto and AI ecosystems remains to be seen, the partnership highlights growing convergence between these two rapidly evolving fields. FAQs Q1: What is ZetaChain’s Anuma platform? A: Anuma is ZetaChain’s AI layer that allows users to run prompts across multiple AI models simultaneously, enabling side-by-side comparison of outputs without switching tabs or creating new accounts. Q2: What are the key improvements in Grok 4.3? A: Grok 4.3 features upgraded agent tool calling, better instruction following, and a 1 million token context window, allowing it to handle large-scale text analysis and complex tasks. Q3: How does this integration benefit blockchain developers? A: Developers can use Grok 4.3 and other models on ZetaChain to build AI-powered dApps, test model performance, and streamline development workflows through the Anuma platform’s multi-model comparison feature. This post ZetaChain Integrates xAI’s Grok 4.3 to Power Multi-Model AI Comparisons first appeared on BitcoinWorld .

7 May 2026, 01:25

Aave Completes Liquidation of Kelp DAO Hacker’s Remaining rsETH Position

BitcoinWorld Aave Completes Liquidation of Kelp DAO Hacker’s Remaining rsETH Position Aave has finalized the liquidation of the remaining rsETH collateral tied to the Kelp DAO hacker, marking a significant step in the recovery process following one of the largest DeFi exploits of the year. The liquidated assets have been transferred to a multisig wallet managed by DeFi United, a relief fund dedicated to compensating victims of crypto hacks. Details of the Liquidation According to The Block, the liquidation targeted the hacker’s remaining rsETH position on Aave, a leading decentralized lending protocol. The collateral was moved to a wallet named “Recovery Guardian,” which is controlled by DeFi United. This fund was established to assist victims of major DeFi exploits and coordinate asset recovery efforts. The funds will be used to compensate affected users and restore the rsETH collateral that was stolen during the Kelp DAO hack. The incident, which occurred earlier this year, resulted in losses of approximately $292 million. Background: The Kelp DAO Exploit The Kelp DAO hack exploited a vulnerability in a LayerZero-based bridge, allowing the attacker to mint 116,500 uncollateralized rsETH tokens. These tokens were then swapped for ETH on platforms including Aave and Compound, causing significant disruption to the protocol and its users. LayerZero is a cross-chain messaging protocol widely used in DeFi for bridging assets between different blockchains. The vulnerability highlighted ongoing security challenges in cross-chain infrastructure, which remains a prime target for attackers. Implications for DeFi Security The successful liquidation and recovery of assets demonstrate the growing effectiveness of coordinated responses to DeFi exploits. DeFi United, which manages the Recovery Guardian wallet, has been instrumental in tracking and reclaiming stolen funds. This case also underscores the importance of robust security audits and rapid incident response mechanisms in the DeFi ecosystem. For Aave, the liquidation process was conducted efficiently, minimizing further losses and reinforcing the protocol’s reliability. The move is likely to boost confidence among users and investors in the platform’s ability to handle security incidents. Conclusion Aave’s completion of the Kelp DAO hacker’s rsETH liquidation represents a positive outcome in a challenging situation. The recovery of funds through DeFi United’s Relief Guardian wallet provides a pathway for compensating affected users and restoring trust in the DeFi space. As cross-chain vulnerabilities continue to be a focus for security researchers, this case serves as a reminder of the need for vigilance and proactive measures in the rapidly evolving crypto landscape. FAQs Q1: What is the Recovery Guardian wallet? The Recovery Guardian is a multisig wallet managed by DeFi United, a relief fund established to recover and distribute assets stolen in DeFi hacks to affected users. Q2: How much was lost in the Kelp DAO hack? The Kelp DAO hack resulted in losses of approximately $292 million, making it one of the largest DeFi exploits in recent history. Q3: What vulnerability was exploited in the Kelp DAO hack? The attacker exploited a vulnerability in a LayerZero-based bridge, which allowed them to mint uncollateralized rsETH tokens and swap them for ETH on platforms like Aave and Compound. This post Aave Completes Liquidation of Kelp DAO Hacker’s Remaining rsETH Position first appeared on BitcoinWorld .

7 May 2026, 01:15

Ethereum chosen as Wall Street’s on-chain treasury with $8B locked

BlackRock, Franklin Templeton, Fidelity, and WisdomTree doubled the US government bond market on Ethereum to $8 billion in just six months. Token Terminal posted a chart on X showing the market increased from about $4 billion in November 2025 to $8 billion in May 2026 (a 100% increase in 6 months). Source: Tokenterminal What is a tokenized Treasury, and why does putting one on a blockchain matter? A US Treasury is a loan you give the US government, which promises to pay you back with interest after a set period. Banks, pension funds, insurance companies, and governments worldwide hold trillions of dollars’ worth of them because governments have never defaulted on loans. In that case, tokenized treasuries work like a US treasury, but using tokens that represent ownership instead of a paper certificate or digital record at a traditional bank. Adding tokenized treasuries to a blockchain makes sense because they settle in seconds, at any time of the day, and any day of the week, including weekends and holidays. In comparison, a traditional Treasury bond settles in one to two business days. On top of that, users do not need a brokerage account, a US bank account, or even to be in the United States to hold a tokenized Treasury. As long as you have a crypto wallet and the right compliance details, you are good to go. Unlike a traditional treasury, users can program tokenized Treasuries to automatically pay yield into a DeFi lending pool. Users can also use them as collateral to borrow stablecoins or move them between wallets instantly. Finally, anyone can verify fund movements and balances because the system records every transaction on a public blockchain. Who are the biggest influencers, and how much does each one hold? BlackRock’s BUIDL fund, managed by Securitize , holds the largest share, at about $2.63 billion in tokenized Treasury value. The USDY token by Ondo Finance comes in second with roughly $2.14 billion , while Franklin Templeton’s iBENJI is third with around $2.1 billion . Other products also made a noticeable impact, including Centrifuge’s JTRSY at $1.14 billion, WisdomTree’s WTGXX at $978 million, Superstate’s USTB at $850 million, and Ondo’s OUSG at $682 million. Why Ethereum instead of Bitcoin or Solana? Ethereum leads because it is a programmable blockchain that runs smart contracts that automatically pay interest to every wallet that holds a tokenized Treasury token, without supervision. According to rwa.xyz data , all big tokenized Treasury products either run on Ethereum or use it as their primary chain, even when they also support other networks. Bitcoin lacks smart contracts, so users can’t program it to handle tasks automatically. Solana, on the other hand, supports smart contracts and processes transactions faster and more cheaply than Ethereum, but it’s technically a newer system with a small track record. Ethereum has a longer history and a bigger pool of audited code, so most large financial institutions choose the blockchain first. Data from rwa.xyz shows Ethereum holds $8 billion in tokenized Treasuries, as BNB Chain follows suit with around $3.4 billion. Solana, Stellar, and XRP Ledger each hold under $1 billion, making Ethereum the biggest holder among all other blockchains combined. Similarly, Ethereum provides a well-documented history that allows a bank’s legal team to better explain to regulators how a product works because regulators are familiar with the blockchain’s smart contract standards. Why did the market double in only six months? Interest rates remained high enough to make Treasuries attractive; each token could yield around 5% to 10% per year. Major institutions also launched products and expanded into new chains, exposing the products to more users and attracting fresh capital. Similarly, the price of Ethereum increased from $1,748 in February 2026 to around $2,464 in May, a gain of more than 40%. This growth attracts investments from institutions that are confident their collateral will also increase in value. Will this growth continue? No, there is nothing in financial markets that is a guarantee. The risks, however, are real. One reason Ethereum went from $4 to $8 was that the US Treasury raised interest rates to fight inflation. That meant the yield on US Treasury bonds also went up, but money might flow elsewhere if the US Federal Reserve cuts interest rates sharply. The US also hasn’t passed clear laws on tokenized securities. Many large institutions have already developed products that comply with the new laws, but if these laws change, the same companies will face setbacks. If you're reading this, you’re already ahead. Stay there with our newsletter .

7 May 2026, 01:15

Paradigm Capital Moves $27.3 Million in ETH to FalconX, Signaling Institutional Activity

BitcoinWorld Paradigm Capital Moves $27.3 Million in ETH to FalconX, Signaling Institutional Activity A crypto wallet address linked to venture capital firm Paradigm Capital has moved a significant amount of Ethereum to the prime brokerage platform FalconX. On-chain data from Lookonchain indicates that 11,615 ETH, valued at approximately $27.29 million, was transferred roughly three hours ago. Transaction Details and On-Chain Context The deposit was flagged by blockchain analytics firm Lookonchain, which attributed the wallet to Paradigm Capital. The transfer to FalconX, a platform that provides trading, lending, and custody services for institutional clients, suggests a strategic move rather than a simple wallet shuffle. The timing and size of the transaction are noteworthy, as large movements by major funds often precede or accompany shifts in market positioning. Paradigm Capital is a well-known, multi-billion dollar investment firm focused on the crypto and blockchain space. Its portfolio includes investments in major protocols and companies. Consequently, its on-chain activity is closely watched by traders and analysts for signals about market sentiment. Implications for Institutional Crypto Flow Depositing assets to a platform like FalconX typically indicates an intent to trade, lend, or use the assets as collateral for other financial activities. This move adds to a broader trend of increased institutional engagement with digital assets through regulated prime brokerage services. While a single deposit does not reveal a specific strategy, it reinforces the narrative that large capital pools continue to actively manage their crypto exposure. What This Means for Market Observers For market participants, this transaction serves as a data point in the larger picture of institutional flow. It does not inherently signal a bullish or bearish stance, but it confirms that a major player is actively deploying capital. The move could be part of a hedging strategy, a preparation for a large trade, or a simple rebalancing of assets. The lack of an immediate public statement from Paradigm Capital leaves room for interpretation, emphasizing the importance of following on-chain data as a primary source of information. Conclusion The $27.3 million ETH deposit by Paradigm Capital to FalconX is a significant on-chain event that highlights ongoing institutional activity in the cryptocurrency market. While the specific intent behind the transfer remains unconfirmed, it provides valuable, real-time data for analysts tracking the flow of capital within the digital asset ecosystem. The transaction underscores the growing role of prime brokerage platforms in facilitating sophisticated institutional crypto strategies. FAQs Q1: Who is Paradigm Capital? A1: Paradigm Capital is a prominent, multi-billion dollar venture capital firm that invests exclusively in the cryptocurrency and blockchain industry. They are known for their deep technical expertise and long-term investment approach. Q2: What is FalconX? A2: FalconX is a digital asset prime brokerage that provides institutional clients with services such as trading, lending, custody, and portfolio management. It acts as a one-stop shop for large-scale crypto financial operations. Q3: Does this deposit mean Paradigm is selling its ETH? A3: Not necessarily. Depositing assets to a prime brokerage like FalconX enables a variety of actions, including trading, lending, or using the ETH as collateral. The move does not confirm a sale; it simply indicates an intention to use the assets for active financial management. This post Paradigm Capital Moves $27.3 Million in ETH to FalconX, Signaling Institutional Activity first appeared on BitcoinWorld .