Indexed Finance and Kyber Network Attacker-Associated Wallet Sells $2.115 Million Worth of Tokens After 1 Year of Dormancy

December 30, 2025 Data from GoPlus RektDatabase shows over 1,200 significant security incidents hit the Web3 space in 2025, totaling losses exceeding $3.5 billion. The most prevalent attack and fraud types included private key theft (via malware, trojans, and social engineering), phishing attacks, and rug pull tokens (fraudulent tokens). Top three loss events of the year: - Bybit hack (Feb 21, $1.5 billion) - Cetus hack (May 22, $223 million) - Balancer hack (Nov 2, $128 million) Key trends: - A rise in large-scale incidents - A sharp drop in the cost of minor user fraud This signals attackers are using both "precision targeting" and "broad net casting" strategies simultaneously. Notably: 12 incidents in 2025 had single losses over $30 million—7 tied to CeFi. The main causes? Theft of admin private keys and hot wallet private keys, exposing critical security risks.

Meta has acquired Manus for billions of dollars, marking the tech giant’s third-largest acquisition since its founding, per recent reports. Prior to the deal, on December 30, Manus founder Xiaohong updated their Douban profile bio to “BTC Holder.” Post-acquisition, the Butterfly Effect company will remain independently operated, with Xiaohong assuming the role of Vice President at Meta.

On December 30, on-chain monitoring from onchainschool.pro revealed that early this morning, an address transferred 1.82 million ENA (valued at roughly $400,000) to Binance via an intermediary wallet. Per on-chain data, the ENA in this address was sent by the project team just one day prior.

Per CertiK monitoring data, on December 30, an address starting with 0xc946 deposited 1337.1 ETH (approximately $3.9 million) into Tornado Cash. The funds are speculated to be linked to suspicious withdrawals of Wrapped ETH and Story tokens from a compromised multi-signature account.

On December 30, Yonhap News Agency reported that the South Korean government is drafting the **Digital Asset Basic Law** (Virtual Asset Act 2), which includes investor protection measures like no-fault liability for digital asset operators and bankruptcy risk isolation for stablecoin issuers. The law will require stablecoin issuers to deposit reserve assets with banks or other management institutions, and to hold/deposit assets equal to **more than 100% of the stablecoin’s issuance balance** (via deposit or trust). However, the government’s bill submission has been delayed until next year due to disagreements between the Financial Services Commission (FSC) and South Korean banks over key issues—including who may issue stablecoins and which agency holds regulatory authority. The FSC stated it is currently working to gradually narrow position gaps with relevant institutions.