đź“Ś MAROKO133 Update crypto: DeFi Protocol MakinaFi Hit by $4M Exploit Amid MEV Fron
MakinaFi reportedly suffered a security breach resulting in the theft of 1,299 ETH, valued at approximately $4.13 million The incident was disclosed by PeckShieldAlert in a post on X, which traced the movement of the stolen funds shortly after the attack.
Exploit Details and On-Chain Trail
According to the on-chain data, the stolen ETH was routed into two Ethereum addresses following the exploit. One address, 0xbed2…dE25, was labeled as holding approximately $3.3 million of the funds, while a second address, 0xE573…f905, was identified as holding around $880,000. On-chain data from Etherscan shows that at least one funding flow to these addresses involved an entity tagged as an MEV Builder (0xa6c2…). PeckShieldAlert also noted that some transactions were preemptively processed by the MEV builder, indicating the exploit involved time-sensitive execution and transaction ordering.
What on-chain trackers are monitoring
Market participants are monitoring whether the attacker consolidates the stolen ETH into fewer wallets or transfers the funds to mixers or centralized exchanges. On-chain labels linking part of the transaction flow to an MEV builder suggest the exploit may have relied on builder-side execution rather than manual transactions. At the time of writing, MakinaFi had not published a detailed technical breakdown or mitigation update regarding the exploit.
The post DeFi Protocol MakinaFi Hit by $4M Exploit Amid MEV Frontrunning appeared first on Cryptonews.
đź”— Sumber: cryptonews.com
đź“Ś MAROKO133 Eksklusif crypto: Coinbase CEO Targets Progress On Crypto Bill During
Coinbase chief executive Brian Armstrong says he is taking Washington’s crypto market structure talks to Davos this week, aiming to narrow the gap with banks as lawmakers struggle to keep a sweeping bill on track.
In a video posted on X, Armstrong said Coinbase will stay engaged during the World Economic Forum, and he plans more conversations with bank leaders to push toward a draft the industry can live with.
“We’re going to continue to work on the market structure legislation, and meet with some of the bank CEOs to figure out how we can make this a win-win,” he said.
He argued stablecoins should create opportunities for both crypto platforms and traditional lenders, and said he will feed those discussions back to lawmakers and the administration in an effort to move the legislation forward.
Market Structure Fight Centers On Token Classification
The bill at the centre of the dispute seeks to clarify when digital tokens fall under securities rules or commodities oversight, and it would put spot crypto markets under the Commodity Futures Trading Commission, a long-running goal for many major US exchanges.
Coinbase last week pulled its support after reviewing the updated text, with Armstrong posting, “After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written.”
He said the draft carries too many problems, including what he described as a de facto ban on tokenized equities, restrictions affecting decentralized finance and privacy, and changes that would weaken the CFTC in ways that could leave innovation at the mercy of the Securities and Exchange Commission.
Markup Delayed As Lawmakers Seek Middle Ground
Coinbase’s break landed just as the Senate Banking Committee prepared to mark up the bill, and the panel has since postponed its session as bipartisan negotiations continue, with Chairman Tim Scott saying stakeholders remain engaged.
A key flashpoint has been stablecoin rewards, with banking groups pressing lawmakers to ensure crypto firms cannot replicate deposit-like interest through incentive programmes, and crypto advocates warning that an overly broad ban would choke off product design.
The draft would restrict paying interest solely for holding a stablecoin, while still allowing rewards tied to certain activities such as payments or loyalty programmes, with disclosure rules to be set by the SEC and CFTC.
Armstrong says he will also use Davos to pitch a broader message to policymakers and executives, that crypto infrastructure and tokenization can modernise market plumbing and expand access to capital markets.
The post Coinbase CEO Targets Progress On Crypto Bill During Davos Talks appeared first on Cryptonews.
đź”— Sumber: cryptonews.com
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