fusion

Slow Mist posted on platform X that MistEye detected potential suspicious activities related to Fusion. The root cause is a vulnerability in the underlying contract commissioned by an EOA account controlled by the project team through EIP-7702, which allows arbitrary external calls, enabling attackers to create and configure malicious circuit breaker contracts for PlasmaVault, thereby extracting funds from the contract.

Fusion Releases Security Update: The IPOR USDC Fusion Optimizer has a vulnerability in the Arbitrum Vault. The IPOR team has been notified of a vulnerability that resulted in a loss of $336,000 USDC.The vulnerability targets a specific outdated Fusion Vault. Due to its unique configuration, this is the only vault that is susceptible to this particular attack vector. The loss accounts for less than 1% of the total funds guaranteed by Fusion. They are working with the Security Alliance to track and recover the funds. The IPOR DAO will cover the funding gap from the treasury. All affected depositors will be fully compensated.

CertiK Alert stated that suspicious transactions were detected in the Fusion PlasmaVault contract. During a withdrawal call, the newly configured "fuse" contract transferred all funds (approximately $267,000) to the EOA address 0x9b1b, which then cross-chain transferred the funds to Ethereum and deposited them into Tornado Cash.

Flow network has encountered an attack targeting the Cadence virtual machine type confusion vulnerability, resulting in illegal token issuance. The attacker exploited a complex "three-part vulnerability chain" to bypass resource linearity guarantees, disguising resource objects as structs for duplication. The incident caused approximately $3.9 million in actual economic losses, with funds flowing out through cross-chain bridges such as Celer and deBridge.According to Flow monitoring, the attacker created a total of 87.96 billion FLOW and various tokens, of which 1.094 billion FLOW were transferred to centralized exchanges. Thanks to timely shutdowns by validators and cooperation with OKX, Gate.io, MEXC, and others, about 98.7% of the illegal assets have been frozen on-chain or at exchanges, and approximately 484 million FLOW have been destroyed. The network has recovered on December 29 through an "isolation recovery plan," and a comprehensive patch covering parameter validation, runtime checks, and contract deployment logic has been deployed.

According to official news, YZi Labs Management Ltd. is currently reviewing the recent actions taken by BNC (CEA Industries) regarding the formation of a shareholder group and the initiation of a proxy solicitation process. These actions, which harm shareholder interests, include the "poison pill plan" and amendments to the bylaws aimed at obstructing and delaying shareholders from exercising their rights through written consent. YZi believes that the substantive effect of these actions is to impose unnecessary restrictions and procedural burdens beyond what is required by Nevada law.The company's board of directors ("Board") appears to be taking these steps to consolidate its position—even after YZi warned that further erosion of shareholder rights would provoke strong dissatisfaction among shareholders. YZi has reminded the Board that its failure to properly fulfill its fiduciary duties may expose it to potential legal risks. Nevertheless, the Board has chosen to restrict shareholder rights rather than acknowledge its mistakes, indicating that they are aware of their lack of shareholder support. Many other shareholders have confirmed to us that they share the same concerns and shock as YZi regarding BNC's unwise strategic shift and abandonment of the BNB ecosystem.Furthermore, YZi refutes the company's false statement that it "has never considered adopting alternative tokens for the company's digital asset reserve strategy, nor has it initiated a competitive digital asset reserve business." This denial contradicts the remarks made by BNC CEO David Namdar at the industry conference in November 2025, where he explicitly stated that BNC had considered shifting to other crypto assets like Solana. Coupled with Mr. Namdar and Board member Hans Thomas actively promoting and fundraising for other digital asset reserve projects during their tenure at BNC, YZi believes shareholders have reason to be concerned about their interests being betrayed.

Former co-chairman of the board of directors of Canaan Creative, now founder and chairman of Nano Labs, Kong Jianping, stated yesterday: "The logic of Bitcoin's takeover is undergoing fundamental changes. The path of the past bull market was very clear: geeks → programmers → retail investors → mainstream finance, with each round of increase being the result of cognitive diffusion.However, after 2024, ETFs and institutional holdings have changed the supply-demand structure. A portion of BTC is being transformed into dormant assets that do not participate in short-term speculative games, similar to how gold entered the central bank system. When chips are locked up for the long term, the number of sellers willing to enter and exit repeatedly decreases, and the price driving force will shift from 'cognitive diffusion' to 'supply contraction.' The next round of increase may no longer require new narratives and beliefs."

ChainCatcher news, according to Bloomberg, the brokerage giant TP ICAP Group's institutional crypto spot platform Fusion Digital Assets plans to add stablecoin trading pairs in the first half of next year.The platform's monthly trading volume in September surpassed $1 billion for the first time, with the number of transactions increasing fivefold compared to the same period last year, and the nominal trading volume has grown by approximately 85% on average per month over the past 12 months. Simon Forster, co-head of global digital assets at TP ICAP, stated that friendly U.S. regulations are driving institutional participation; Duncan Trenholme mentioned that institutions from multiple countries may directly exchange stablecoins priced in different fiat currencies, forming an "on-chain" spot foreign exchange market. Currently, Fusion only offers spot trading for BTC and ETH, which is far below the scale of retail-driven platforms like Binance.

ChainCatcher news, according to Bloomberg, BitMEX co-founder Arthur Hayes is shifting his investment focus to the field of human longevity. He has recently made a significant investment in a stem cell company that has clinics in Mexico and Bangkok, and has joined its board of directors.Over the past year, he has regularly traveled to receive intravenous infusion treatments, stating that he "hopes to extend his life as healthily as possible." Although the company name has not been disclosed due to rebranding, he emphasized: this is the trend of the future—more and more countries are relaxing regulations on the use of stem cells.

ChainCatcher news, according to the official announcement, Binance is expected to suspend the token deposit and withdrawal services for Fusionist (ACE) network on August 20, 2025, at 13:00 (UTC+8) to support its network upgrade and hard fork.The project team will conduct the network upgrade and hard fork at block height 3,828,237 (expected on August 20, 2025, at 14:00 UTC+8).

ChainCatcher News, SEC Commissioner Caroline Crenshaw stated that the new liquid staking statement fails to clarify the applicability of federal securities laws to crypto assets, instead exacerbating confusion. The statement is based on a series of assumptions that have not been validated by industry realities, and the legal conclusions only apply if these assumptions hold true.Previously, the SEC released a statement regarding liquid staking activities, clarifying that liquid staking activities are not considered securities. The SEC stated that participants in liquid staking activities do not need to register their transactions with the SEC under the Securities Act, nor do they need to comply with the registration exemption provisions of the Securities Act regarding these liquid staking activities.

ChainCatcher news, according to the official announcement from Binance, the BNSOL Super Staking will launch its ninth project - Fusionist (ACE), a Web3 AAA game developed by a group of experienced industry professionals, utilizing Unity and HDRP technology to provide all users with high-quality products and an engaging gaming experience. From June 24, 2025, 08:00 to July 25, 2025, 07:59 (UTC+8), users who complete the following actions will receive ACE APR Boost airdrop rewards.To further enhance the BNSOL ecosystem, Binance will expand the benefits of holding BNSOL from the trading platform to the decentralized world through the new decentralized BNSOL asset feature; in this BNSOL Super Staking, the supported decentralized BNSOL assets will be included in the calculation of APR Boost airdrop rewards; please note that from the date of the announcement, newly added decentralized BNSOL assets to the above list will also start to receive APR bonus airdrop rewards provided by other ongoing and announced BNSOL Super Staking activities (counting from the first day snapshot).

ChainCatcher news, according to Cointelegraph, Avalanche has launched a blockchain ecosystem called Fusion in collaboration with Helix and Faculty Group, aimed at promoting blockchain applications in specific industries through modular infrastructure.The Fusion architecture includes "Composer" (a customizable Layer 1 network) and "Module" (plug-and-play functional components such as computation, authentication, and data oracles), designed to achieve "results-oriented industry-specific blockchain economies."It is reported that the project will be funded by existing programs from the Avalanche community, including incentive and developer grant programs such as Multiverse, Retro9000, InfraBUIDL, and InfraBUIDL AI, with a total amount of up to $100 million.Fusion is expected to have dozens of Composers and hundreds of Modules in the next two to three years, aiming to emphasize economic incentives, network design, and composability to achieve real-world commercial value.

ChainCatcher news, the 1inch team has discovered a vulnerability in its old Fusion v1 parser smart contract. According to the analysis by the SlowMist security team, this incident resulted in a loss of approximately 2.4 million USDC and 1276 WETH, totaling over 5 million dollars.The official confirmation states that this vulnerability does not affect end-user funds, and the impacted parties are only the parser contracts using Fusion v1. 1inch has taken measures and is continuously monitoring the security situation.

ChainCatcher news, Slow Mist issued a security alert stating that it detected suspicious transactions related to 1inch on March 5, resulting in a loss of approximately $1 million.Previous news, 1inch disclosed that its team discovered a vulnerability in the parser smart contract implemented with the outdated Fusion v1 on March 5.

ChainCatcher message, 1inch disclosed that its team discovered a vulnerability in the parser smart contract implemented with the outdated Fusion v1 on March 5. This vulnerability does not affect the security of end users' funds but may impact those who use the parser in their own contracts with Fusion v1.Although user funds are secure, 1inch is actively collaborating with the affected parsers to ensure their systems are secure. The 1inch team urges all parsers to immediately audit and update their contracts.

ChainCatcher news, DWF Labs partner Andrei Grachev posted on the X platform that the next phase of the integration between traditional finance (TradFi) and cryptocurrency should allow clients to tokenize their real-world assets (RWA) and use them as collateral for cryptocurrency businesses, and vice versa.Andrei Grachev added that commodities, real estate, and stocks are the best starting options.