Cronos restarts network after emergency halt over Tectonic exploit

Cronos has resumed block production after validators halted the network during an exploit targeting Tectonic and restored the chain state to a point before the attack.  SummaryCronos resumed block production after validators halted the network during an exploit targeting the Tectonic protocol.The chain was restored to its state before the exploit, with block production restarting from block 90,896,189.Cronos remains under observation, while some protocols, RPC providers, explorers and bridges may take longer to return.A full postmortem covering the Tectonic exploit and the networks response will be released soon.  Cronos Network said the blockchain was fully back online after the validator set coordinated an emergency halt designed to protect users while the Tectonic incident was being contained. The restart followed a rollback of the network state, effectively returning Cronos to its condition before the exploit.  The Cronos Network is producing blocks again and is fully back online.  The Cronos Network halted earlier today. This was a validator-consensus emergency action to protect users from an exploit on the Tectonic protocol. The chain state was restored to before the Tectonic exploit…  — Cronos Network (@CronosNetwork) August 31, 2026  Block production resumed at 23:49:01 UTC on Aug. 30 from block 90,896,189. Node operators have been instructed to restart using Cronos

09-01انڈسٹری

Trump Jr.-linked 1789 Capital leads Polymarkets $1B raise: Report

Donald Trump Jr.-linked investment firm 1789 Capital is reportedly investing about $300 million in Polymarket, a blockchain-based prediction market.  1789 Capital, where Donald Trump Jr. is a partner, will make the $300 million investment as part of a $1 billion round that would value Polymarket at $21 billion, people familiar with the matter told the Wall Street Journal on Monday.  The investment would bring 1789 Capital‘s total investment in Polymarket to about $500 million and make it one of the platform’s largest backers.  Cointelegraph has approached 1789 Capital and Polymarket for comment.  ICE remains Polymarkets largest disclosed investor. In a July 30 10-Q filing, ICE said it had invested a combined $1.6 billion in Polymarket preferred shares. The holdings had a carrying value of approximately $2 billion as of June 30 and represented about 22% of outstanding shares, or 14% on a fully diluted basis.  Polymarket reportedly started talks to raise $400 million in fresh capital in April, when it was seeking to raise the funds at a potential $15 billion valuation, below the $22 billion valuation of its main competitor, Kalshi.  Prediction markets are facing increasing regulatory scrutiny in the US and worldwide. On Aug. 14, JPMorgan Chase reportedly ended a banking relationship with Polymarket

09-01انڈسٹری

Ripple unlocks 1B XRP as escrow falls to 31.28B

Ripple unlocked 1 billion XRP on Sept. 1 through three transactions involving 500 million, 400 million and 100 million tokens.  Blockchain monitoring account Whale Alert reported the transfers from Ripple-controlled escrow accounts.  The release formed part of Ripples programmed monthly XRP escrow schedule. It did not show that the company sold the tokens or transferred the entire amount to exchanges. The XRP became available to Ripple after the underlying time locks expired.  Ripples XRP unlock leaves 31.28B in escrow  Approximately 31.28 billion XRP remained inside active on-ledger escrow objects after the September release, according to an independent tracker that queries validated XRP Ledger data. The figure represented about 31.28% of XRPs original 100 billion supply.  The tracker recorded approximately 32.28 billion XRP in escrow before the three September transactions. Completing escrow objects containing a combined 1 billion XRP reduced that balance to 31.28 billion.  This figure should still be attributed to the tracker rather than presented as a new company disclosure. Ripple had not published an updated official escrow balance at the time of reporting. Different data services can also show temporary discrepancies when they rely on cached figures instead of active ledger objects.  The remaining balance does not represent Ripples entire XRP position. Ripple also controls

09-01انڈسٹری

Solana AMM Aquifer hit by $2.5 million exploit, offers 20% bounty

Solana-based automated market maker Aquifer has lost roughly $2.5 million in an exploit involving wallets on Solana and Ethereum, with the protocol offering the attacker a 20% bounty for returning most of the funds.  Blockchain security monitoring service Defimon reported the attack on Aug. 31, identifying separate Solana and Ethereum addresses controlled by the suspected exploiter. Aquifer later sent an on-chain whitehat offer seeking the return of at least 80% of the assets linked to the incident.  Solana prop AMM @_aquifer_ (https://t.co/Ht8ZLFgSDM) exploited for ~$2.5M  Attacker (Ethereum): https://t.co/EsfR5KFiQK  Attacker (Solana): https://t.co/UozUOIj3sX https://t.co/gV1FFq9Mmw pic.twitter.com/UWJAM7FCGX  — Defimon Alerts (@DefimonAlerts) August 31, 2026  The offer gives the attacker until Sept. 3 at 14:00 UTC to transfer the assets, or their equivalent value, to recovery addresses provided by Aquifer. The person controlling the wallets may retain up to 20% of the funds as a whitehat bounty if the conditions are met.  Aquifer said it would not pursue civil claims arising from the exploit if the attacker complies with the terms, subject to applicable law. The agreement would not bind law enforcement agencies, regulators, sanctions authorities or other government bodies.  Aquifer exploit involves wallets on two chains  Aquifer operates as a proprietary automated market maker on Solana, where its liquidity is used to facilitate

09-01انڈسٹری

How Saylors $2 billion capital loop is quietly rewriting the rules of Bitcoin ownership

Michael Saylor recently published an essay arguing that institutional custody and securities can expand Bitcoin without eliminating self-custody. On the same day, Strategy reported $2.0065 billion of net MSTR share-sale proceeds, $5.10 billion in its USD Reserve, $1.59 billion in a new USD Cash pool and a $136.4 million repurchase of STRC preferred stock.  Related Asset Bitcoin #1 BTC · $78,743.22 24-hour change: up 0.87% 24H Up 0.87% 7D Down 2.44% 30D Up 24.17%  Saylors “The Bitcoin Reformation” defines sovereignty as the ability to choose among direct ownership and transparent institutional claims. Strategys Aug. 24 Form 8-K shows the company raising, protecting and reallocating capital through exactly those layers while holding 840,447 BTC.  The essay remains attributed directly to Saylor; Strategys formal policies appear separately in its filings. Shared timing doesnt establish a motive; it does place a broad adoption doctrine beside the capital system that benefits most directly from investors accepting Bitcoin-linked equity, preferred stock, debt, and custodial products as legitimate but distinct claims.  Related Person Michael Saylor Executive Chairman · Strategy  Saylor describes self-custody as a vital exit right and a check on intermediaries. He rejects turning that right into an obligation for every person and institution.  The distinction rests on risk allocation. Direct

09-01انڈسٹری

WikiBit Exchange Exit Scam Risk Ranking Issue #11 — Bitvavo: The “Compliance King” of Europe Powered by MiCA, Why Are Users Still Complaining?

Introduction: Finally, a “Serious Player”  In the first 10 episodes, we investigated HashKey (Hong Kong licensed), HTX (sanctions hotspot), UZX (DAO penny-stock style exchange), Phemex (Wall Street elite background), Tapbit (MSB registration collector), Coincheck (Japan‘s “immortal phoenix”), Deepcoin (El Salvador’s new regulatory outfit), Upbit (South Koreas national exchange), Azbit (the Seychelles FSA officially calling it out), and FameEX (the three-country registration collector).  Throughout the series, the number of red flags was overwhelming.  But in Episode 11, we finally encounter a completely different type of exchange — Bitvavo.  Compared with the previous cases, Bitvavos resume looks like a breath of fresh air:Founded in Amsterdam in 2018Registered with the Dutch Central Bank (DNB)Obtained an EU MiCAR license in 2025Ranked No.1 in European euro spot trading volume (44% market share)Quarterly independent Proof of Reserves (PoR) audits€7.55 billion theft insurance coverage€100,000 account protection  Every item appears to follow the rhythm of “compliance.”  However, on the other side of the story:  Bitvavo has a Trustpilot score of 4.1/5 (“Great”), yet some users complain about:“Withdrawals delayed for 29 days”“Accounts frozen without clear explanations”“Customer support responses feel like AI-generated replies”  So how can an exchange with one of Europes strongest compliance frameworks still receive user complaints?  Today, we will break it down layer by layer.1. Regulatory

09-01گہرا غوطہ

Crypto hacks rise 67% as August losses hit $136M

Crypto hacks increased sharply in August, although the estimated value stolen fell by nearly half compared with July, according to blockchain security company PeckShield.  PeckShield reported on Sept. 1 that it recorded 50 major incidents during August. That was a 67% increase from the 30 incidents counted in July.  Estimated losses reached $136.3 million, down 49.5% from approximately $270 million in July. The figures represent PeckShields estimates and may change as affected projects investigate transactions, freeze assets or recover funds.  The Tectonic lending incident dominated the month, accounting for approximately $74 million, or more than half of PeckShields total.  #PeckShieldAlert n August 2026, the crypto industry experienced 50 major hacks (+67% from Julys 30 hacks), resulting in total losses of $136.3M – a 49.5% month-over-month decrease from Julys $270M.  The Tectonic.cro incident, which resulted in ~$74M in losses, was the… pic.twitter.com/QtQUy8czdZ  — PeckShieldAlert (@PeckShieldAlert) September 1, 2026  Crypto hacks became more frequent but less costly  The August figures show a growing number of attacks with losses concentrated in one large incident. Excluding Tectonic, the remaining 49 incidents generated estimated combined losses of about $62.3 million.  PeckShield identified Moonwell as the second-largest incident at $8.7 million. Term Labs followed at $8.5 million, while Coinsbuy and TAC recorded estimated losses of

09-01انڈسٹری

SEC and FDA sign 3-year market integrity pact

The SEC and FDA signed a three-year cooperation agreement on Aug. 31 that gives the agencies formal channels for exchanging nonpublic information about regulated products, public companies and potential legal violations.  SummaryThree-year SEC-FDA agreement creates formal channels for exchanging information about regulated products and public companies.The SEC may use FDA information in filing reviews, investigations, proceedings, and civil enforcement actions.FDA referrals will involve its chief counsel, while two SEC divisions maintain designated contacts internally.Shared nonpublic records remain confidential and generally require written permission before any further external disclosure.Either agency may terminate the agreement with thirty days notice during its three-year operating period.  The MOU allows the Securities and Exchange Commission to use information obtained from the Food and Drug Administration during company filing reviews, enforcement investigations, administrative proceedings and civil actions.  The agreement takes effect immediately. It does not announce an investigation, new disclosure rule or enforcement case against any company. It instead creates procedures that could help the agencies compare corporate statements with information held by the FDA.  The MOU establishes a framework for the agencies to enhance cooperation in their regulatory and enforcement responsibilities in order to improve market oversight and compliance. https://t.co/XUAf4rlo7a  — U.S. Securities and Exchange Commission (@SECGov) August 31, 2026  You

09-01انڈسٹری

Chainalysis challenges ICEs $94.7M TRM award

Chainalysis Government Solutions has expanded its legal challenge against a $94.66 million blockchain analytics contract that U.S. Immigration and Customs Enforcement awarded to TRM Labs.  A redacted complaint made public on Aug. 28 details seven claims against the U.S. government. Chainalysis alleges that ICE improperly avoided an open competition and evaluated potential suppliers against requirements that it did not fully disclose.  The filing represents Chainalysiss account of the procurement. ICE and TRM Labs are contesting the case, and the U.S. Court of Federal Claims has not found that either party acted improperly.  JUST IN: Chainalysis is accusing ICE of steering a $95 million contract to rival TRM Labs  It says the agency used undisclosed criteria that matched TRMs existing products pic.twitter.com/9uqnrI501L  — crypto.news (@cryptodotnews) August 31, 2026  Chainalysis says ICE changed its evaluation criteria  ICE awarded contract 70CMSD26C00000005 to TRM Labs on July 1. The one-year agreement runs through June 30, 2027 and covers forensic software and support for Homeland Security Task Force investigations.  The work includes blockchain tracing, scam disruption, cybercrime investigations and support for sextortion cases. TRM Labs later joined the lawsuit as a defendant-intervenor, allowing it to defend the award alongside the government.  Chainalysis‘s first three claims focus on how ICE defined and evaluated its requirements.

09-01انڈسٹری

BlackRock drives $217M Bitcoin ETF rebound as altcoin funds continue streaks

US-listed spot Bitcoin exchange-traded funds (ETFs) returned to inflows on Monday, led almost entirely by BlackRock, while Ether, XRP and Solana funds continued attracting capital.  SoSoValue data showed that Bitcoin ETFs recorded $216.7 million in net inflows on Monday, reversing the $201.8 million in withdrawals recorded on Friday.  The Friday outflows ended a nine-session run that brought more than $3 billion into the funds. Bitcoin (BTC) was trading near $78,700 at the time of writing, up about 1.5% over the past 24 hours, according to CoinGecko.  Meanwhile, Ether ETFs extended their inflow streak to 11 trading sessions, while XRP and Solana funds each recorded a 10th consecutive positive session.US spot Bitcoin ETF flows. Source: SoSoValue  BlackRock accounts for 95% of Bitcoin ETF inflows  BlackRock‘s iShares Bitcoin Trust ETF (IBIT) led Monday’s Bitcoin ETF rebound with $205.9 million in net inflows, accounting for about 95% of the categorys daily total, according to Farside Investors.  Fidelity‘s Wise Origin Bitcoin Fund (FBTC) added $6.9 million, followed by the Bitwise Bitcoin ETF (BITB) with $4.3 million. Morgan Stanley’s Bitcoin Trust added $3.6 million, while Grayscales Bitcoin Mini Trust attracted $9.4 million.  Related: Strategy buys $370M Bitcoin in first corporate purchase since June  VanEcks Bitcoin ETF (HODL) was the only fund to record

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