Justin Sun: Li Lin Once Concealed Due Diligence Materials, I Lent the Company $30 Million to Fill the Gap

Billionaire Adam Weitsman announced on social media that he has decided to purchase 117 Pudgy Penguins NFTs on-chain this weekend (local time the 11th), aiming to support his favorite NFT collection amid challenging times and convey confidence to the community. Weitsman praised Pudgy Penguins for bringing him joy, stating "The Huddle will stay strong" and calling on others to "Return to Pudgy Penguins". Per market data, Pudgy Penguins’ floor price stands at 2.74 ETH, roughly $6,900, with a 16.7% 24-hour gain.

According to Bitget market data, the KOSPI index has fallen 1.00% intra-day after South Korean stocks opened, with SK Hynix down 2.9% and Samsung Electronics down 1.24%.

Cosine, founder of SlowMist, stated that among the closely related cases of the Ledger hardware implant attack his team is tracking, one involves the Ledger Flex model. The industry is widely aware of issues related to the Ledger Nano X, and it is speculated that Ledger’s mainstream product line may have been tampered with at its dealer CryptoBills (also referred to as CryptoBilis). Ledger has now confirmed that malicious hardware modules were implanted into devices at its authorized Southeast Asian dealer CryptoBilis, resulting in theft of numerous users’ assets. The company has ordered the dealer to suspend sales and advised affected users to transfer their assets promptly.

According to HTX market data, the crypto market remains in sideways consolidation, with Bitcoin rising slightly this morning to break above $84,000, marking a 0.82% 24-hour gain. Ethereum is trading at $2,535, BNB at $754, SOL at $111, and HYPE at $86.7. ZEC is performing strongly, up 4.48% in 24 hours to $1,277. The total crypto market cap fell 0.3% over 24 hours to $2.894 trillion. Among altcoins, Layer 2 scaling solutions—especially ZK and modular blockchain segments—are leading gains, with STRK, LUMIA, PLUME, MANTA, and MEGA all rallying, driven by narratives around network upgrades, quantum resistance, and real-world assets (RWA). High-performance Layer 1s, cross-chain interoperability, GameFi, and DePIN sectors also stood out, with MAGIC leading the market’s gains, followed by IO, RLC, FIL, and EIGEN. Top-performing altcoins in 24 hours include: MAGIC up 38.96% to $0.1359; CKB up 32.10% to $0.001930; S up 27.81% to $0.06090; W up 24.26% to $0.02187; LUMIA up 21.44% to $0.1246; PLUME up 21.21% to $0.02280; STRK up 20.52% to $0.12490. IO, DYM, BAT, NEAR, METIS, ICP, and EIGEN all rose over 10% in 24 hours; NIL, MANTA, FIL, RLC, MEGA, Binance Life, FLUX, CFX, ETHFI, and ENA gained nearly 10% in the same period.

BitMEX co-founder Arthur Hayes announced in a post that the testnet for his new project FLOP will launch in a matter of weeks. At Token2049, Hayes previously stated that the Flop testnet will run for a 90-day period, with the mainnet scheduled to go live in Q1 2027. Users who participate in testnet mining will be eligible for token airdrops.

Hardware wallet manufacturer Ledger has issued a 72-hour update on the hardware implant attack incident, stating it is cooperating with relevant authorities to continue the investigation. The number of affected devices is limited, and Ledger has proactively contacted affected users. All confirmed cases linked to the theft incident disclosed on October 9 involve devices sold via Southeast Asian dealer CryptoBilis. Ledger emphasized that its own systems and direct sales channels remain unaffected, and CryptoBilis has confirmed it has ceased all hardware wallet sales. Ledger advises users who purchased devices from CryptoBilis: do not initialize uninitialized devices; if already set up, transfer funds to a new recovery seed. Those with concerns can reach out via Ledger’s official website support channels, as the support team is available 24/7. Ledger also reminded authorized dealers and distributors to only source products from authorized channels, never re-list returned items, and advised users against purchasing from unauthorized dealers. The company stressed that its official team will never proactively call, send direct messages, or request the 24-word recovery phrase.