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first_img Arbitrum Security Committee urgently suspended the activation of the new contract Stylus and added BoLD protection

On October 2, at 11:30 AM Eastern Time, the Arbitrum Security Committee executed an emergency upgrade on Arbitrum One and Nova, suspending the activation of all new Stylus contracts on both chains, while adding a protective mechanism against BoLD single-step proofs in the dispute system of Arbitrum One. The Arbitrum Foundation stated that this action is part of ongoing proactive security measures aimed at protecting the security and integrity of the network.Stylus allows developers to write smart contracts using languages such as Rust and C++, while maintaining compatibility with the Ethereum Virtual Machine, with its programs compiled into WebAssembly format. This suspension primarily targets manually written WASM programs that do not use the standard Stylus compiler toolchain and have not yet been patched by the current version of ArbOS. The Security Committee increased the gas required for activation to the theoretical maximum by calling ArbOwner.setWasmActivationGas(2^64 - 1), making new activations economically unfeasible. Activated Stylus contracts are unaffected and can continue to execute and renew, and the deployment and execution of Solidity contracts are also unrestricted.The newly added BoLD protection allows anyone to pause the settlement from Arbitrum One to Ethereum when two conflicting and accepted answers appear in the same dispute step, which may delay unconfirmed withdrawals to allow the Security Committee to deploy fixes. Officials pointed out that the currently discovered Stylus-related vulnerabilities mainly affect the activity of the chain, such as denial-of-service attacks, and do not jeopardize user funds.

The U.S. SEC sues two private equity funds: suspected of falsely selling Pre-IPO shares of OpenAI, SpaceX, etc., and misappropriating investor funds

According to Fortune, the U.S. Securities and Exchange Commission (SEC) has filed lawsuits against two private fund cases, accusing the relevant fund advisors of raising funds under the pretext of investing in popular tech companies like OpenAI and SpaceX before their IPOs, but allegedly providing false information to investors and misappropriating some of the funds.The SEC stated that Meyer Global Management and its head Owen Meyer are suspected of raising at least $18.5 million from nearly 100 investors to purchase shares of companies before their IPOs, but misappropriated at least $1.27 million, including using fund money for personal consumption, paying entertainment expenses, and personal investments. Among them, the SEC accused Meyer of establishing a fund for investing in shares of OpenAI and SpaceX, but some of the funds did not actually hold the relevant assets.In another case, the SEC and federal prosecutors accused Beyond Alpha Ventures heads Christopher Dinelli and Jacob Frankel of raising over $8.7 million from 35 investors and falsely promoting that the fund held shares in companies like SpaceX and xAI.The SEC stated that the two provided false investment reports, with some of the funds being used for options trading, film investments, and personal use. The SEC emphasized that the accused tech companies and their management have not been found to have engaged in misconduct. Regulatory agencies have been continuously monitoring investment products that promote "acquiring shares before popular private company IPOs" and have launched multiple enforcement actions against relevant private fund advisors.

first_img OpenAI has suspended the training of its latest model, and the agent had accessed U.S. government websites

OpenAI has suspended the training of its latest AI model. According to the Associated Press, its AI agent used access keys obtained online to scrape data from the U.S. Census Bureau website, marking the second time the company has halted training since the agent breached Hugging Face. The so-called agent refers to an AI program capable of autonomously browsing the web and writing code without human approval at each step, which OpenAI tests during the model training and evaluation phases.Specifically, the agent found developer keys in public code repositories like GitHub and used them to pull demographic and economic data from the U.S. Census Data API. The U.S. Department of Commerce stated that this data was already public and there was no confidential information leaked. In the SEC incident, the agent copied public materials from SEC.gov and Investor.gov and reposted them on other websites; OpenAI claimed it did not use SEC credentials, and the SEC stated it found no evidence of unauthorized access to non-public information. Additionally, the independent AI research organization Transluce reported that an agent suspected to be from OpenAI attempted to breach the website of the Department of Education's Office for Civil Rights but was unsuccessful; OpenAI is still investigating, and the Department of Education stated that no impact was found.Regarding the frequent involvement with government websites, OpenAI told CNN that its model often regards government websites as authoritative sources of public information. The company stated that it has currently notified dozens of agencies, and the review of the agent's activities will take months.

A French woman has been detained on suspicion of manipulating the price of Verasity tokens and had previously purchased real estate worth over 50 million euros in Dubai

According to the French newspaper Le Monde, a 45-year-old woman born in Russia and naturalized in France in 2017, Svetlana A., has recently been placed under investigation and detained by a Paris investigating judge on charges of organized fraud, serious money laundering, and participation in a criminal gang. The French National Financial Prosecutor's Office stated that she and her British partner Robert H. are suspected of committing organized fraud by manipulating cryptocurrency prices, with the related funds suspected to be used for purchasing properties in Dubai.Reports indicate that Svetlana A. invested over 50 million euros in 2022 alone, acquiring about 100 apartments and 3 luxury villas in Dubai, with total rental income from 2022 to 2025 expected to be at least 4 million euros; she also purchased an entire building containing 73 apartments for 68 million dirhams (approximately 17.4 million euros). The cryptocurrency mentioned in the report is Verasity (VRA), launched by her partner in 2018. The price of VRA surged 65 times over a two-and-a-half-month period in the spring of 2021, followed by a significant decline, currently down approximately 99.98% from its historical peak. The lawyer for the parties involved stated that the sources of the related wealth are documented and legal, and they deny any wrongdoing. The case is still under investigation.

first_img Bitget suspected of being hacked, approximately 183 million USD in assets flowed out from the exchange wallet

According to Decrypt, on-chain data shows that approximately $183 million in crypto assets flowed from a wallet marked as Bitget to a newly created address. Bubblemaps and Arkham analysts flagged this unusual activity on September 24, stating that Bitget may have been hacked. The funds were transferred from the exchange's hot and cold wallet reserves within about an hour, involving tokens such as ETH, USDT, USDC, AVAX, BNB, and XAUT.The first anomaly came from the hot wallet. A new address starting with 0xe410 utilized $19.67 million in USDT within 6 minutes, exchanging it for 7,111 ETH through UniswapX and 1inch Fusion, with the transaction price about 5% higher than the market price. On-chain researcher DCF GOD pointed out that subsequently, more wallets marked as Bitget transferred ETH, AVAX, BNB, USDC, USDT, and XAUT to the same address. The outflow of funds stopped about 6 minutes after the first suspicious transaction and remained silent for at least 20 minutes thereafter.Some users reported that withdrawals were blocked, and Bitget has not issued a public statement nor responded immediately to Decrypt's request for comment. On-chain analysts stated that the marked Bitget wallets still hold approximately $500 million in assets. Bitget had launched a $300 million protection fund in 2023 to cover losses from hacks, thefts, and other incidents.
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