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SwissBorg’s Sol Work Wellet exploited $ 41.5 million

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Welcome to the protocol, the weekly wrapping of Coindsk of the most important stories in the development of encrypted technology. I am Margaux Nijkerk, correspondent in Coindesk.

In this case:

The SwissBorg’s Sol Conser wallet was exploited for $ 41.5 million after the API exposed to the partner
LEDGER CTO warns of the NPM supply attack 1B+ downloads
The backbag opens the regulatory databases in Europe after getting FTX Eu
Polygon POS sees the delay in the transaction finals, the correction is under progress

Network news

SwissBorg’s Sol Conner Wallet exploited: Swissburg Swissburg, around 192,600 Sol said (41.5 million dollars) It is stolen from an external portfolio used exclusively for the Sol gain strategy. The exploitation stems from the application programming interface that a partner is exposed to (API)The Stock Exchange said that the mechanism that allows software systems to communicate with each other, which affects the one -reflective tip In a post on x. The hacking of the SwissBorg platform was not. The company said that the loss affected less than 1 % of users and represents about 2 % of the total assets of Swiss. All other money and strategies remain safe, and the user’s balances are not affected within the SwissBorg application. Solsor discounts are stopped while recovery efforts are continuing. SwissBorg says it will cover any deficiency, ensuring that there are no losses to the user. The company works with infiltrators with white laws, security and law enforcement companies to recover funds. The full accident report will be followed as soon as the investigations are eaten. This exploitation reaches amid a sharp rise in encryption theft, with more than $ 2.17 billion already stolen in 2025. Shuria Malwa Read more.

Lidger CTO warns of the PNM attack: Charles Gilliit, chief technology official in the hardware wallet maker, Beware of X The widespread attack in the supply chain was going on after the director of the knotting package developer (NPM) The account was hacked. According to Guillemet, the harmful symbol – which has already been pushed to beams with more than a billion download – was designed to exchange the encryption portfolio addresses in transactions. This means that reassuring users can send the money directly to the attacker without realizing this. Guilemet did not mention the name of the developer, who said that his account had been at risk. The incident confirms the extent to which open source programs are linked deeply and why security lapses in the tools of developers in the encryption economy can almost immediately. A day later, Guillemet participated that nearly zero encryption users were affected by penetration. “NPM is a commonly used tool in software development using JavaScript, which makes combining packages easy for developers,” Guillemet said in a message to Coindesk. When the attacker weakens the developer account, he can slide harmful software instructions in widespread beams. Guillemet added: “The harmful symbol tries to deplete users by replacing the addresses used in the treatment or general activity on the chain and replacing them with the title of the infiltrator.” – Margaux Nijkerk Read more.

The backpack, the European Union goes on the air after the acquisition of the European Union FTX: The European section, the European Union’s backpacks, said officially. By working outside Cyprus and licensed under the European Union MIFID II frame, the stock exchange places itself as one of the first places that are fully organized in Europe to provide encryption derivatives, starting with permanent receptors. “As far as we realize, we and Karakin will be” in Europe that always introduces. The appearance is followed for the first time the BackPack acquisition of FTX Eu earlier this year. In January, FTX Estruptcy Estate said that the sale of FTX Eu to the backpack It was not authorized. Since then, the problem has been solved and In April, the exchange began to distribute Money is practiced for the former FTX Eu customers, and they are insisting that they pledge compensation for users affected by the collapse of the Sam Bangan Farid Empire. The team said in a statement that the European Union’s back bags will provide users with access to more than 40 pairs, trading with a crane of up to 10X. The platform says it aims to give both merchants and institutional merchants a compatible gateway to advanced encryption products. The driver also highlights a broader BackPack strategy to rebuild confidence in digital assets after a series of stock market failure. – Margaux Nijkerk Read more.

Final Polygon POS series faces: Polygon proof of the air, but transactions take longer than usual, with a 10-15-minute final. The final is to emphasize that the transaction or part of the data is irreversible by confirming it and adding it to a block in Blockchain. The institution said In the x publication The reform was determined and presented to auditors and service providers. The slowdown in issues has been linked to some Bor/ergon contract and RPC providers, according to the Polygon status page. Restart the knot to solve the problem for many health, while others had to weigh to the last final block before connecting, Share case page. The disorder comes weeks after the Heimdall V2 promotion from Polygon promised the end of 5 seconds through a modern consensus pile. – Shuria Malwa Read more.

In other news

The world is financial freedom (WLFI)Donald Trump’s encryption protocol, his family, Listed in the blacklist The founder of Tron and the main investor Justin Sun’s Blockchain, preventing him from transferring the distinctive symbols of WLFI. This step affects 595 million unlocked WLFI symbols at the address, at a value of approximately $ 107 million at current prices, according to Arkham data. Follow the procedure associated with sunlight, which makes several external transactions for WLFI symbols on Ethereum Blockchain-including one for $ 9 million of symbols-Blockchain data appears. “The title conducted only a few of the public stock deposit tests, in very low amounts, then the addresses were created, without involving any purchase or sale, which could not have any impact on the market,” Sun said, in a translator on X. In a later statement, Sun WLFI urged the output of the distinctive symbols. – Sam Reynolds Read more.
Ethane Ethana Funding Protocol provided an offer To release the hyper Next stablecoinJoin the tenders that already attracted companies including Paxos, Sky, Frax and Agora. The fully distinguished code will be supported by the USDTB from Ethina, which is Stablecoin that has been confiscated with Bankoraage Digital, Sucuritize, which was fully supported by Buidl, which is Tokeenized Market Market by Blackrock and Succuritize. The suggestion said that if it was adopted, Ethaina has pledged that 95 % of the net revenue from USDH reserves will return to the liquid hyperlooking ecosystems. Ethina also said it would cover the costs of deporting the current USDC trading pairs at the height of the liquid to USDH to relieve adoption. – Christie Sandor Read more.

Organization and politics

Nasdak, American exchange where the largest technology sector names include their shares, Seek to put shares on BlockchainThe American Securities and Stock Exchange Committee’s demand to bless its efforts even because others in the world of securities are roaming towards the distinctive goal of the symbol itself. If the SEC file is approved, the stock exchange will allow customers to choose the traditional path to trading shares or do so on the chain with symbolic stocks-a option that will be treated with the same priority as the old way. The transition from Nasdak follows an effort by digital brokerage Stock codes are exported to European clients In July, it allows reaching about 200 US stocks and exchange boxes for exchange (ETFS). Bringing stocks and other assets in the real world on Blockchain bars were among the most burst of the world of digital assets, and the competition was increasing from both traditional financing names and encrypted citizens of movements. – Jesse Hamilton Read more.
President Donald Trump New encryption manHe said in an interview with Coindesk, that Patrick Witt takes a stick from his predecessor, Bo Hainz, in legislators who move to end the policies of the healing of the United States and pushed the organizers to put the new Stablecoin Law on implementation. By working under Caesar Crypto CZAR, David Sacks, Witt is the new Crypto call point at the White House shortly after his predecessor, who continued to work in Tether Giant Tether. While Heinz witnessed the conversion of Congress efforts in the law and managed to attend the White House party to support it, he left shortly after, leaving a long encrypted list for Whit. Strategy Report to address the US encryption policy. “We keep the pedal to the metal with all the different initiatives on the legislative front and procedures between the recommended agencies in the report.” – Jesse Hamilton Read more.