Fund Security

Coinbase

2026-09-29 03:11:27

Ari Paul says Coinbase covered up hacks tied to missing $25 million

Ari Paul, founder and chief investment officer of crypto asset management firm BlockTower Capital, said in a post on X that Coinbase had "lost" $25 million belonging to his firm several years ago. He said the matter was later found to be part of an effort to conceal large-scale and repeated hacking incidents, and that the funds have still not been returned. Paul also said his team has traced at least more than a dozen other affected institutions. According to his statement, the amount concealed exceeds $1 billion. He added that he can only disclose this much for now because multiple legal proceedings are still underway. The remarks were cited by ChainCatcher in a 7x24 news update. No further details were provided in the source text beyond Paul’s public statement on X.

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Balancer

2026-08-31 13:30:48

Balancer warns of v1 contract flaw and urges LPs to withdraw liquidity

Balancer said it has identified a vulnerability in its legacy Balancer v1 contracts that could allow liquidity provider, or LP, funds to be drained. The project said the affected pools have already been deprecated and cannot be paused, leaving withdrawal as the recommended course of action for users still providing liquidity there. Balancer urged users to remove their funds as soon as possible. It also said the issue is limited to the older v1 contracts and does not affect other Balancer products. The notice focuses on risk to LP capital in deprecated pools and does not mention any impact beyond those contracts.

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Zondacrypto

2026-08-23 05:18:07

Zondacrypto crisis deepens after founder and successor CEO both go missing

European crypto exchange Zondacrypto is facing a deepening crisis, according to The New York Times. Founder Sylwester Suszek disappeared in 2022, and Przemyslaw Kral, the executive who later took over as CEO, has also been missing since April this year. The case has renewed scrutiny of fund security and oversight in the crypto sector. Zondacrypto, formerly known as BitBay, was founded in Poland in 2014 and was once one of the largest crypto exchanges in Central and Eastern Europe. Suszek, described by Polish media as the "king of crypto," disappeared near a fuel depot in southern Poland in March 2022. His family later received messages from suspected kidnappers demanding a bitcoin ransom, and Polish prosecutors opened an investigation into alleged unlawful deprivation of liberty. After Suszek vanished, Kral, a lawyer and Suszek’s assistant, took over operations. In April, the Zondacrypto website went offline, leaving users unable to withdraw funds or trade. Kral had said the platform held more than $330 million in bitcoin reserves, but claimed access to those assets required digital keys controlled by Suszek. That statement drew questions because the related wallets had shown no activity for an extended period. Estonia’s financial intelligence unit revoked the operating license of the exchange’s parent company on June 29, while Polish prosecutors are now examining how Zondacrypto was established and run.

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Polymarket

2026-06-28 17:01:38

Polymarket Users Lose $3.1M in PUSD via Frontend Malicious Script: EIP-7702 Delegate Call Phishing Analysis

Blockchain intelligence firm AMLBot reports that Polymarket users on Polygon were hit by a malicious frontend script, losing approximately $3.1 million worth of PUSD. The attack leveraged EIP-7702 delegate execution to trick users into signing authorization transactions, instantly draining their wallets. Stolen funds were converted to USDC.e via Relay, bridged to Ethereum, swapped to ETH, and spread across three new wallets holding ~1891.9 ETH. The incident mirrors a 2024 attack on 1inch, where the Lottie Player library was compromised to inject wallet-draining scripts, highlighting ongoing risks from third-party script supply chains.

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0xPPL

2026-06-02 10:00:50

On-chain Trading App 0xPPL to Shut Down Gradually, Users Urged to Export Private Keys

As per official announcement, on-chain application 0xPPL will disable trading on June 6 and fully shut down on June 30. Users must export private keys or withdraw funds before the deadline to maintain access to their assets.

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