CertiK detected the Infini hack, revealing a rogue ex-developer used Tornado Cash for funding before exploiting retained admin rights. Stablecoin Bank Infini has suffered a security breach that resulted in the theft of over $49 million in USDC. On-chain tracking platforms identified that the attack happened due to an exploiter...
Congress Moves to Regulate Stablecoins, Temporarily Bans Some Digital Assets
A discussion draft introduced by Hill and Steil imposes a temporary ban on certain stablecoins while assessing market risks. The US House Financial Services Committee Chairman French Hill and Digital Assets Subcommittee Chairman Bryan Steil have introduced a discussion draft for the Stablecoin Transparency and Accountability for a Better Ledger...
Major Ripple (XRP) Milestone Achieved: Key Details
Over 95% of RLUSD stablecoin transactions have occurred on XRP Ledger. Ripple’s stablecoin, RLUSD, has recorded over 105,011 transactions on the XRP Ledger (XRPL). The latest milestone comes approximately two months after its launch. On the other hand, only 4,109 transactions have been processed on the Ethereum (ETH) network, meaning...
