Believe is pausing the automatic listing feature and introducing a "Verified" tag.
On May 22nd, according to official channels, Believe has announced that they are carrying out platform optimizations to enhance security and credibility. Here are the details:
1. Due to the substantial increase in non-project tokens, the release of projects on the X account @launchcoin will be temporarily halted. Developers can submit their projects through the official website, and all projects will be reviewed manually and released selectively.
2. The "Verified" label will replace the "Featured" label. This indicates that the project team has had basic communication with us and has demonstrated an attitude of integrity construction. Although this does not represent full approval, we will make our greatest efforts to conduct reviews.
These adjustments will be implemented today and will continue to be iteratively optimized in the future.
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James Wynn has once again increased his long position on BTC, currently sitting on a unrealized profit of $15.68 million.
On May 22nd, based on the monitoring of @ai_9684xtpa, trader James Wynn once more augmented his BTC long position, with a nominal value being approximately $720 million and a current unrealized profit of $15.68 million.
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Sui Official: Numerous network validators have rejected transactions from the hacker's address. Cetus Protocol plans to return the stolen funds to the community
On May 22nd, Sui's official statement showed that "We have been informed that one of Cetus' smart contracts was attacked today, leading to a loss of approximately $223 million. After the incident, Cetus has suspended its smart contract to prevent further theft of funds.
Cetus is working closely with other DeFi protocols, the Sui Foundation, and the validators of the Sui network to jointly protect the entire ecosystem. Many validators have already identified the addresses involved in the case and will reject transactions from these addresses until further notice.
The Cetus team is actively exploring options for recovering funds and plans to return the stolen funds to the community. Cetus will release a comprehensive incident report.
The Sui Foundation and the entire ecosystem will fully support Cetus in responding to this incident."
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Upbit will temporarily suspend token deposits and withdrawals on the Sui Network
On May 22nd, according to an official announcement, Upbit has declared that due to a security incident on the decentralized exchange Cetus of the Sui Network, it will temporarily halt the deposit and withdrawal of digital assets via the Sui Network. The digital assets affected include: SUI, LWA, DEEP, and WAL.
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BNB Chain Foundation Buys $25k Each of MYX, BANK, LISTA, GM
On May 22, according to the monitoring of @ai_9684xtpa, in the past 5 minutes, the buying address of the BNB Chain Foundation purchased $25,000 worth of MYX, BANK, LISTA, and GM respectively.
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Cetus: The current focus is on recovering the remaining stolen funds, with most of the affected funds already frozen from being transferred
On May 22nd, officials from Cetus stated in a post that as of earlier on that day, they have confirmed that attackers have stolen approximately $223 million from the Cetus Protocol. They have immediately taken measures to lock the contract in order to prevent further funds from being stolen.
At present, $162 million of the compromised funds have been successfully frozen. They are collaborating with the Sui Foundation and other ecosystem members to move forward with the next steps towards a solution, with the goal of recovering the remaining stolen funds.
Most of the affected funds have been paused for transfer, and they are actively seeking ways to recover the remaining portion. This issue is their top priority at the moment, and they will continue to provide the latest updates through this channel. A comprehensive incident report will be published later.
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