Coin info
Rank
Market Cap
Volume (24h)
Circulating Supply
Total Supply
Do you think the price will rise or fall?
Rise 40%
Fall 60%
Price perfomance
$0.00
0%
$∞
Range 24H
$∞
Depth of Market
Depth +2%
Depth -2%
Rise 40%
Fall 60%
$0.004176
#306
$201,314,516
$68,714,382
46,878,232,135.69
47,652,280,236.2
Nervos is a layered crypto-economy network. Nervos separates the infrastructure of a crypto-economy into two layers: a verification layer (layer 1) that serves as a trust root and smart custodian, and a generation layer (layer 2) for high-performance transactions and privacy protection. This document provides an overview of the Nervos Common Knowledge Base (CKB), a public permissionless blockchain and layer 1 of Nervos. CKB generates trust and extends this trust to upper layers, making Nervos a trust network. It's also the value store of the Nervos network, providing public, secure and censorship-resistant custody services for assets, identities and other common knowledge created in the network. The Nervos Common Knowledge Base (Nervos CKB for short) is a preservation focused, "Store of Assets" blockchain. Architecturally, it's designed to best support on-chain state and off-chain computation; economically, it's designed to provide sustainable security and decentralization. Nervos CKB is the base layer of the overall Nervos Network.
Rank #20
$21.26
-1.2%
Rank #52
$0.2821
-1.66%
Rank #57
$0.02451
-0.33%
Rank #140
$0.6398
-0.29%
Rank #189
$6.33
-0.95%
Rank #209
$0.7478
+35.31%
Rank #278
$0.01227
-1.3%
Rank #279
$2.27
-1.06%
Rank #329
$0.01183
+0.15%
Rank #375
$0.1338
-0.36%
Rank #392
$0.1441
-1.16%
Rank #952
$1.5
+5.45%
3 Jun 2025, 07:28
The cross-chain interoperability solution of the Nervos Network, called Force Bridge, seems to have experienced a serious security problem that led to the theft of about $3 million worth of digital assets. The event, first pointed out by the on-chain security platform Cyvers Alerts, has led to an urgent investigation and the halting of Force Bridge’s operations. Cyvers states that an unauthorised and suspicious address seems to have successfully exploited the Force Bridge, managing to temporarily seize control over its operations. The attacker managed to siphon off a significant amount of several crypto tokens, which included: 257,800 USDT, 539.09 ETH, 898,300 USDC, 60,400 DAI, and 0.79 WBTC. Once they had the stolen money, it was converted entirely to Ethereum (ETH) — a common practice when laundering crypto, given how easy it is to buy and sell ETH. From there, the investigator followed the cash through Tornado Cash, an Ethereum mixer that obfuscates transactions from senders and receivers. Mixers are a commonly used laundering tool because they hide the origin and destination of the funds. Tornado Cash’s job is to make tracking the funds impossible. ALERTOur system has detected multiple suspicious transactions involving @NervosNetwork . A suspicious address appears to have taken control over the bridge, stealing ~$3M in assets: 257.8K $USDT 539.09 $ETH 898.3K $USDC 60.4K $DAI 0.79 $WBTC All funds were swapped to $ETH and… pic.twitter.com/jA3EZVpTeN — Cyvers Alerts (@CyversAlerts) June 2, 2025 Assets Laundered Through Tornado Cash Familiar in the world of crypto crime, Tornado Cash is employed by some as a strategy for obfuscating stolen assets. By using the platform, hackers attempt to sever the connection between the original, pilfered funds and the digital vacuum cleaner’s clean output. Though Tornado Cash has been used by legitimate privacy advocates, it has become a favorite among cybercriminals. They especially seem to favor it after they’ve just pulled off some big, splashy exploit. Tornado Cash continues to operate, despite being sanctioned by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) in 2022. It functions through decentralized smart contracts—like other DeFi protocols. And those smart contracts, by design, are very difficult to shut down. Who can you appeal to if money is lost in exploits, like the one that happened to Force Bridge, and is sent to a service that can’t be turned off, where it will mix (blur the trail) with other assets in what’s now a largely unregulated marketplace? The team at Nervos Network has moved quickly to limit any additional harm by pausing the Force Bridge contracts. They have stated that they are investigating the situation and are in the process of gathering information to determine the full extent of what happened. Although the specific weakness that was taken advantage of has not yet been disclosed, the scale of the attack—over $200 million worth of digital assets—and the precision with which it was executed suggest a very serious and very skilled hacking job. Community Response and Future Implications This breach adds to the burgeoning list of cross-chain protocol hacks that have plagued the crypto space in recent years. Breaches at interoperability bridges, for instance, have proven to be high-risk targets for hackers, given these protocols’ complex architectures and the vast amounts of liquidity they manage. In 2022, attacks on the Poly Network and Wormhole bridges resulted in hundreds of millions of dollars in losses, while a similar assault on the Ronin Network resulted in a more than half a billion dollar loss. The cryptocurrency community is not taking this situation lightly. Nervos (the platform under which the affected funds were held) has received a lot of concern and even some pressure to communicate effectively with its user base during the ongoing investigation. As Jered from Cyvers (who provides real-time alerting systems for crypto platforms) pointed out, this situation really emphasizes the necessity of providing real-time alerts for any suspicious behavior before funds are moved beyond reach. For Nervos Network, this incident will likely lead to a reevaluation of its bridge architecture and security protocols. As the team works to reestablish trust and transparency, they are advising users to be cautious and avoid using the bridge until further notice. The hack of Force Bridge serves as another “DeFi is insecure” reminder. DeFi hackers are a growing problem, and the only way to stop or at least slow them down is to beef up security measures for DeFi applications. So far, it appears that the app was not sufficiently secured. Commentators note that hackers targeting DeFi projects are quite sophisticated. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
2 Jun 2025, 19:49
Key Takeaways: BitoPro’s breach reveals outdated wallet practices during upgrades. Cross-chain bridges are high-risk targets. BitoPro’s delayed disclosure undermines trust, proving that timely communication is essential even with sufficient reserves. $11.5 million vanished in minutes—Taiwan’s BitoPro bled dry after hackers exploited an exposed wallet during a May 8 upgrade. They drained the exchange’s funds, pilfering Ethereum , Tron, and Solana before disappearing through Tornado Cash’s swirling depths. Do you want to explain to the community why multiple of your hot wallets saw suspicious outflows of ~$11.5M on May 8, 2025 where you still have not disclosed the security incident on X or Telegram several weeks later? pic.twitter.com/HlD0c93Or4 — ZachXBT (@zachxbt) June 2, 2025 This wasn’t just another hack. It was a lesson in how not to handle one. The breach showcases the large gap between crypto exchanges’ promises and their patchy security, particularly during routine upgrades. While BitoPro scrambles to reassure users, the stolen millions continue their whirl through privacy pools, proving once again how money moves faster than the truth in crypto. Upgrade Failures: Why Crypto Exchanges Keep Repeating the Same Mistakes BitoPro’s mishandling of the recent security breach exposes serious flaws in how crypto exchanges manage crises. When the hack occurred on May 8, the exchange initially dismissed the resulting service disruptions as routine “maintenance” the following day. This vague explanation left users confused, especially when USDT withdrawals suddenly froze without warning. BitoPro confirmed that its old hot wallet was compromised during a recent wallet system upgrade and asset migration. The platform responded by immediately transferring assets to a new wallet and halting the attack, with support from a third-party cybersecurity firm. A new wallet… — Wu Blockchain (@WuBlockchain) June 2, 2025 The three-week delay in publicly acknowledging the breach only deepened suspicions, showing how poor communication can amplify security failures. Though BitoPro eventually assured users it had “sufficient reserves” to cover losses and brought in external security teams to track the stolen funds, the damage to its reputation was irreversible. By the time the exchange pledged to publish new wallet addresses for verification, rumors about its financial stability had already begun to circulate. The incident fits a pattern of systemic crypto vulnerabilities. For example, weeks earlier, the decentralized exchange Cetus lost $220 million but froze $162 million within days, returning the funds via a community vote. In contrast, BitoPro’s sluggish response showed the bureaucratic paralysis of centralized exchanges. Alert Announcement There was an incident detected on our protocol and our smart contract has been paused temporarily for safety. The team is investigating the incident at the moment. A further investigation statement will be made soon. We are grateful for your patience. — Cetus (@CetusProtocol) May 22, 2025 The same day BitoPro went public, hackers stole over $3 million from Nervos Network’s Force Bridge, laundering the proceeds through Tornado Cash, which was also used in BitoPro’s breach. Security Alert Nervos Network's ForceBridge was exploited due to Access Control vulnerability for $3.9m worth of assets ($3.1m on ETH and $800k on BNB Chain)! There was failed attempt to execute an attack 6 hours prior to successful one. Most of funds were already… pic.twitter.com/bxKKuauO5F — Extractor | Web3 Threat Detection & Compliance (@extractor_web3) June 2, 2025 Nervos acted swiftly, pausing contracts and launching a forensic investigation. The divide is becoming clearer. While centralized exchanges falter due to slow disclosures, DeFi faces agile cross-chain attacks. Without transparency and adaptability, crypto risks losing user trust entirely. Are Declining Hack Numbers a Mirage? The Hidden Spike in Small Breaches PeckShield reports $244 million stolen across 20 attacks, down 39% from April, and the improvement came from fewer big heists, not better security. #PeckShieldAlert In May 2025, ~20 major crypto hacks were recorded, resulting in total losses of $244.1M—a 39.29% decrease from April. Notably, @CetusProtocol & #SUI have frozen a combined $157M of stolen funds (representing 71% recovery from the $220M theft). #Top 5 Hacks in… pic.twitter.com/ZJmGZvbthS — PeckShieldAlert (@PeckShieldAlert) June 1, 2025 The $220 million Cetus attack alone made up nearly all of May’s losses. Smaller thefts still added up: $12 million from the Cork Protocol, $5.2 million from North Korean hackers, $2.2 million from MBU tokens, and $1.2 million from MapleStory Universe. The crypto industry’s response to mounting security threats reveals both genuine progress and concerning gaps. Exchanges have stepped up their defenses. Coinbase, Kraken, and BitMEX now enforce two-factor authentication for all users, while Binance and OKX keep more than 90% of funds in offline cold storage. Bitstamp also requires multiple approvals for withdrawals. Regular security testing and bug bounty programs help uncover weaknesses before hackers can exploit them, yet breaches keep happening. BitoPro’s recent hack was the result of lax security during a system upgrade. No amount of advanced technology can prevent such human errors. This inconsistency hurts crypto’s credibility. Research shows that current safeguards could dramatically reduce attacks if properly implemented. However, with $2.2 billion stolen in 2024, public trust remains low. Many potential investors still see crypto as too risky, and the BitoPro case made things worse. Even after the hack, delayed warnings and confusing statements undermined confidence. Frequently Asked Questions(FAQs) Why was BitoPro’s hack disclosure delayed for weeks? BitoPro’s three-week delay likely reflected internal assessments of the damage and adequacy of its reserves. However, this delay violates industry best practices and may breach Taiwan’s transparency expectations for crypto exchanges, potentially triggering regulatory scrutiny. How can user funds remain safe when USDT withdrawals were frozen? The contradiction between BitoPro’s safety claims and frozen USDT withdrawals suggests either liquidity constraints or internal mismanagement. While the exchange blamed security protocols, the discrepancy undermines confidence in their reserve adequacy claims. Can the stolen funds be recovered after using Tornado Cash and THORChain? Recovery is unlikely, and privacy tools like Tornado Cash obscure trails. BitoPro’s reliance on external tracking suggests a weak cross-chain monitoring system, a common flaw in centralized exchanges. The post Taiwan-Based Exchange BitoPro Suffers $11.5 Million Hack, User Funds Unaffected appeared first on Cryptonews .
2 Jun 2025, 19:30
BitcoinWorld CKB Token: Urgent DAXA Warning Issued by South Korea’s Crypto Alliance In the fast-paced world of digital assets, staying informed about potential risks is paramount. A significant development recently emerged from South Korea, where the Digital Asset eXchange Alliance (DAXA) issued an investor warning concerning the CKB token . This move by DAXA, a collective of the nation’s leading crypto exchanges, highlights the proactive steps being taken to safeguard market participants, especially following recent technical challenges within the broader crypto ecosystem. Understanding the DAXA Warning on CKB The warning from DAXA is a crucial signal for anyone involved with the CKB token , which is the native asset of the Nervos Network. According to an announcement disseminated via member exchanges like Upbit, the decision to issue this alert stems from a specific security incident. The core issue revolves around a bridge mechanism operating within the ecosystem connected to the Nervos Network bridge . DAXA, comprising major players in the South Korean crypto market, acts as a self-regulatory body. Its primary function is to promote a safe and transparent trading environment. When a potential risk is identified, especially one that could impact the integrity or security of an asset listed on member exchanges, DAXA issues warnings or takes other necessary measures. This recent action regarding CKB falls directly into that mandate, underscoring the alliance’s commitment to investor protection. What Happened with the Nervos Network Bridge ? Cross-chain bridges are vital components in the decentralized finance (DeFi) landscape, enabling the transfer of assets and data between different blockchain networks. While they offer immense utility, they have also become significant targets for exploits due to their complexity and the large amounts of value they often handle. The DAXA warning on CKB is directly linked to a security issue reportedly affecting a bridge associated with the Nervos Network. Details surrounding the exact nature of the security issue might vary, but common vulnerabilities in blockchain bridges include: Smart Contract Bugs: Errors in the code governing the bridge’s operations can be exploited. Private Key Compromises: If the keys controlling assets locked in the bridge are compromised. Oracle Failures: Issues with the data feeds that inform the bridge about events on other chains. Validation Issues: Flaws in how transactions are verified across chains. While specific details of the Nervos-related incident prompted the DAXA warning are crucial for a full understanding, the general principle remains: a vulnerability in a bridge can put assets at risk, potentially impacting the value and tradability of associated tokens like CKB. Why This Matters in South Korea Crypto Markets South Korea boasts one of the most active and influential cryptocurrency markets globally. Decisions made by regulatory bodies or self-regulatory alliances like DAXA carry significant weight and can directly impact trading volume, investor sentiment, and even the listing status of tokens on major exchanges. The fact that DAXA, an alliance representing exchanges handling a vast majority of the country’s crypto trading volume, issued this alert means it’s being seen by a large and active investor base. The member exchanges of DAXA include: Upbit Bithumb Coinone Korbit Gopax These platforms are the primary gateways for South Korean investors accessing tokens like CKB. Therefore, a DAXA warning disseminated through these channels is not merely advisory; it’s a direct communication to a significant portion of the global CKB holder base, urging caution and potentially influencing trading decisions. Actionable Insights for CKB Token Holders If you hold CKB tokens, this DAXA warning warrants your attention. Here are some actionable steps and considerations: Stay Informed: Monitor official announcements from DAXA, member exchanges (like Upbit), and the Nervos Network team. Look for updates on the security issue and its resolution. Assess Your Risk: Understand that a security warning indicates potential risk. Evaluate your exposure to CKB and decide if you need to adjust your holdings based on your risk tolerance. Understand Exchange Policies: Exchanges might implement specific measures, such as restricting deposits/withdrawals related to the affected bridge or even delisting the token if the issue is severe and prolonged. Be aware of the policies on the exchange where you hold CKB. Avoid Affected Bridges: If the warning specifies a particular bridge, refrain from using it until the security issue is confirmed as resolved and safe to use. Diversify: This event serves as a reminder of the inherent risks in crypto. Diversification across different assets and networks can help mitigate the impact of single-asset or single-network issues. This isn’t necessarily a call to panic sell, but rather a prompt to exercise caution and make informed decisions based on the available information and your personal investment strategy. Broader Implications for Crypto Security and Investor Confidence The DAXA warning on CKB is more than just a token-specific event; it reflects the growing pains and security challenges within the broader crypto landscape. Cross-chain bridge exploits have resulted in billions of dollars in losses across various networks over the past few years, making them a critical area of focus for security audits and development efforts. Such warnings, while potentially causing short-term market volatility for the affected asset, also serve a positive long-term purpose. They: Raise awareness among investors about the technical risks associated with decentralized technologies like bridges. Incentivize blockchain projects (like Nervos) to prioritize and enhance their security infrastructure, especially for critical components like bridges. Reinforce the role of bodies like DAXA in providing a layer of investor protection in markets where formal regulation might still be evolving. Ultimately, the response to this crypto security alert from both the Nervos team and the wider community, alongside the actions taken by exchanges under the DAXA umbrella, will be key in determining the long-term impact on the CKB token and confidence in its associated infrastructure. Conclusion: Navigating Warnings in the Digital Asset Space The investor warning issued by South Korea’s DAXA regarding the CKB token , prompted by a security issue affecting a Nervos Network bridge , is a significant development that underscores the inherent risks and the increasing maturity of self-regulatory efforts within the South Korea crypto market. For holders of CKB and participants in the wider digital asset space, this serves as a crucial reminder of the importance of due diligence, staying informed about crypto security risks, and understanding the mechanisms that protect (or fail to protect) their investments. While warnings can be concerning, they are also vital tools for fostering a safer and more resilient ecosystem for everyone involved. To learn more about the latest crypto security trends, explore our article on key developments shaping crypto security protocols and investor protection . This post CKB Token: Urgent DAXA Warning Issued by South Korea’s Crypto Alliance first appeared on BitcoinWorld and is written by Editorial Team
2 Jun 2025, 19:02
Sonic token has confirmed a deviation at a major range low with a strong impulsive recovery candle. Price is now back above the $0.38 daily support level, opening the door for a 55.6% move within the current high-timeframe trading range. After trading below key support and grabbing liquidity, Sonic ( Sonic ) has shown clear strength by closing decisively above $0.38. This move meets the conditions of a classic deviation setup, which occurs when price briefly moves below a range low, taking out stop losses, before reclaiming the level with conviction. Such setups often lead to powerful mean reversions or range expansions, especially when combined with rising volume and sustained volatility. Key technical points Confirmed Deviation at $0.38 Support: Price dipped below and reclaimed the level with an impulsive bullish candle, confirming a liquidity grab. 55.6% Upside Within Trading Range: Current range from $0.38 to $0.60 presents a high-probability play if range rotation continues. Next Resistance Zones: Value area low and bearish order block act as short-term barriers before the $0.60 daily resistance. SUSDT (6H) Chart, Source: TradingView This deviation has cleared out liquidity below the range, likely removing sell-side pressure and positioning Sonic for a clean run through the range. With stop losses taken and volume rising, the structure now favors a continued rotation toward the upper boundaries of the range. The next resistance levels to watch include the value area low, which marks the initial barrier within the range, followed by the bearish order block, a zone of previous supply. Once price enters this region, a reaction may occur, but if momentum continues and volume sustains, a clean expansion to the point of control and eventually the $0.60 daily resistance becomes probable. You might also like: Here’s why this MSTR stock ETF has crashed 82% in 2025 Although price remains rotational, the confirmed deviation and reclaim of support suggest that the lower bound of the range has been defended effectively. From a market structure standpoint, Sonic is now trading at what many would consider max value, the range low. In this scenario, price often rotates back toward fair value and beyond, particularly in the presence of bullish volume and confirmed liquidation of prior lows. What to expect in the coming price action As long as Sonic holds above the $0.38 support and volatility continues with volume confirmation, the odds favor a move toward $0.60 resistance. The deviation structure adds weight to the bullish scenario, setting up a potential 55.6% range rotation play. Read more: Nervos Network suffers major exploit as $3.9M in crypto is stolen from Force Bridge
