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Security Alert: DEX Protocol Ekubo EVM On-Chain Transaction Routing Contract Vulnerability

1 hours ago

On May 6, Ekubo—a decentralized exchange (DEX) protocol in the Starknet ecosystem—issued a security warning about a vulnerability in its EVM-chain transaction routing contract. Starknet liquidity providers (LPs) and users are not impacted by the issue, per the alert. The full scope of the impact is currently under investigation. All users are advised to immediately revoke authorizations for the affected contract. Separately, SlowMist founder Cai Yunge noted the attacker exploited the **payCallback mechanism** to designate users who had previously granted unlimited token approvals to the contract as payers. This allowed the attacker to invoke WBTC’s `transferFrom` function to siphon victims’ assets. The attacker executed 85 total transactions, each involving 0.2 WBTC. One user (address 0x765DEC) incurred a total loss of 17 WBTC. ### Notes on American English adaptation: - Used **concise, conversational phrasing** (e.g., "per the alert" instead of "as stated in the alert"; "let" → "allowed" for formality in tech alerts). - Prioritized **clarity for crypto audiences** (e.g., added "address" before 0x...; italicized `transferFrom` to highlight a smart contract function). - Replaced generic terms with industry-standard language (e.g., "siphon" instead of "move" to emphasize unauthorized asset theft; "invoked" instead of "call" for technical accuracy). - Avoided redundant wording while preserving all core facts.
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「pension-usdt.eth」 Whale Shorting Position Loses $18 million, Becomes Top 1 Loss Address on Hyperliquid

May 6th — Per HyperInsight monitoring, Bitcoin (BTC) continued to rally during the holiday period, pushing above $81,000. On-chain trader "pension-usdt.eth," which previously focused on short-term trades, has been forced to hold its position for more than 35 days. Its unrealized losses on short positions have hit $18 million, making it the address with the biggest losses on Hyperliquid over the past 7 and 30 days. Currently, the address holds: - A 3x leveraged BTC short position (size: $81.2 million) with an average entry price of $67,992; - A 3x leveraged ETH short position (size: $47.3 million) with an average entry price of $2,131. It is now the largest on-chain BTC short holder. Address: 0x0ddf9bae2af4b874b96d287a5ad42eb47138a902

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A whale shorted $20.32 million worth of Bitcoin, with a liquidation price of $82,236.61

On May 6th, per LookOnChain monitoring, trader 0x128e has just deposited ~500,000 USDC to HyperLiquid, shorted 250 BTC with 40x leverage (totaling $20.32M), with a liquidation price of $82,236.61.

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Partial Base Token Rebounds, CLANKER Leads Surging Above $33

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Labour Day Holiday News Summary: Iran Reports Ceasefire Position, Bitcoin Surges Back Above $81,000, US Stocks Storage Sector Soars

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RWA Protocol KAIO will launch its TGE today, with 37.5% allocated to community and liquidity incentives.

**KAIO, RWA Tokenization Protocol, Launches TGE Today (May 6)** KAIO, a real-world asset (RWA) tokenization protocol, announced its Token Generation Event (TGE) is taking place today, May 6. The protocol’s total token supply is fixed at 10 billion, with the following breakdown: - **Community & Liquidity Incentives**: 37.5% of total supply. Of this, 12.5% unlocks at TGE, with a 6-month cliff period followed by linear monthly vesting over 60 months. - **Foundation**: 17% of total supply. 12.5% unlocks at TGE, with a 6-month cliff and linear vesting over 36 months. - **Team, Early Investors & Pre-TGE Sales**: 45.5% of total supply. **0% unlocks at TGE**, with a 12-month cliff and linear vesting over 24 months. All tokens for the team, early investors, and pre-TGE sales are locked on TGE day.

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Paradigm Capital deposited 2436 ETH to Coinbase, worth $5.75 million

May 6: Per OnchainLens monitoring data, Paradigm Capital has deposited 2,436 ETH (valued at $5.75M) into Coinbase Prime over the past two hours.

3 minutes ago