Track market-moving stories before they get noisy

PANews reported on March 18th that, according to official sources, HTX DAO has recently launched a series of empowerment measures surrounding $HTX, covering multiple dimensions such as compliant market expansion, on-chain staking, trading application scenarios, and deflationary mechanisms, to enhance $HTX's positioning and long-term value in the new market cycle. Specifically, these include: On March 4th, $HTX officially launched on the European compliant trading platform Bit2Me, further broadening fiat currency access and user participation channels in Europe. On March 16th, HTX DAO launched the $HTX staking Beta version, allowing users to earn rewards through staking and participate in HTX DAO governance. The official version will subsequently launch an interest rate increase campaign, with a maximum annualized yield of 10%. Furthermore, starting April 1st, $HTX will become the only fee-deductible token on the Huobi HTX exchange, offering users a 25% discount when using $HTX to pay fees. On April 15th, HTX DAO will implement its Q1 2026 quarterly burn plan to continuously optimize the $HTX circulating supply structure. The ongoing implementation of multiple initiatives is gradually improving the collaborative system of $HTX in trading, governance, and supply mechanisms, providing multi-dimensional support for $HTX's value proposition in the new market cycle.

PANews reported on May 9th that, according to CriptoNoticias, Spanish coffee chain Vanadi is caught in a "death spiral" a year after venturing into Bitcoin. The company transitioned to a Bitcoin treasury model in 2025 and currently holds 213 BTC, but suffered a loss of $7.8 million in 2025. To maintain operations, Vanadi has issued a large number of convertible bonds, converting them into shares at a 5% discount to the market price, causing its share price to plummet 74% this year and resulting in the issuance of 98.1 million new shares, severely diluting investors.

The company faces an emergency payment shortfall of €1.4 million and will need €65 million in financing in the coming months. Although it claims to hold 213 BTC, 61% (130.18 BTC) are locked up as collateral on the Spanish exchange Bit2Me, meaning the company has no control over them. Analysts believe that the viability of the institutional treasury model is questionable when there is no cash flow to support the debt.

PANews reported on June 11 that, according to PRNewswire, Spanish bank Cecabank has launched a crypto asset custody service for financial institutions, with Renta 4 Banco as its first client and Bit2Me as its partner. Cecabank provides the custody infrastructure, while Bit2Me provides the execution platform, liquidity, and market access. The service covers crypto asset services such as custody, order taking and transmission, and transfers. Cecabank was registered as a crypto asset service provider by the Bank of Spain in November 2024 and received its MiCA license in July 2025.

TLDR: Cecabank’s MiCA-regulated crypto custody platform is now live for key Spanish financial firms today. Renta 4 Banco is an early firm to use Cecabank’s new regulated crypto platform for client access. Bit2Me supports the platform with trading, liquidity, market access, and execution for client banks. Cecabank is seeking MiCA passporting in Ireland, Portugal, and Luxembourg to expand its reach in the wider EU market. Cecabank has launched a MiCA-regulated crypto custody platform for financial institutions in Spain, moving its digital asset project into live production. The platform brings Renta 4 Banco on as an early client and links traditional banking workflows with crypto trading infrastructure. 

Cecabank will provide custody, banking, and technology services, while Bit2Me will manage trading, liquidity, and market access. The launch follows regulatory approval for custody, transfers, and reception and transmission of orders.

MiCA-regulated crypto custody reaches Spanish institutions The MiCA-regulated crypto custody service is designed for banks, brokers, and wealth managers. Cecabank said the platform extends its traditional custody and post-trading model into digital assets. That gives institutions a route to offer crypto services without having to build every component internally.

Renta 4 Banco is the launch client for the service. The Spanish investment and wealth management bank is using the platform as it develops its own crypto trading offering for customers. Cecabank said the model gives clients an end-to-end framework for trading and custody.

The infrastructure was built through a partnership with Bit2Me, first announced in May 2024. Cecabank contributes securities services experience, compliance processes, and secure custody infrastructure. Bit2Me adds exchange technology, market access, liquidity, and execution services.

The setup covers the main parts of the crypto service chain. It includes real-time market data, advanced execution, secure custody, and operational support. 

Cecabank said the goal is to reduce complexity for financial firms entering the digital asset space.

Arrancamos nuestro servicio de custodia de criptoactivos para entidades financieras, acompañando a @Renta4 en el desarrollo de su oferta de compraventa de #ActivosDigitales.

Un paso más para acercar la banca tradicional y el ecosistema cripto bajo los más altos estándares de… pic.twitter.com/s9NnNIPzAT

— Cecabank (@Cecabank_es) June 10, 2026

Cecabank expands crypto asset services across Europe Cecabank said its authorization allows it to provide custody, transfers, and order reception and transmission services. 

The license places the MiCA-regulated crypto custody platform inside Europe’s new crypto regulatory structure. Moreover, the bank is registered with the Bank of Spain as a crypto-asset service provider.

The group has started the European passporting process under MiCA. 

Cecabank wants to extend its crypto asset services into Ireland, Portugal, and Luxembourg. That move could make the platform available to more financial institutions outside Spain.

At launch, Cecabank plans to support major cryptocurrencies and stablecoins that fit European regulatory standards. The stablecoin component is important for banks watching settlement, liquidity, and payment use cases. 

MiCA has created a clearer path for regulated stablecoin activity in the region.

Aurora Cuadros, corporate director of securities services at Cecabank, said the bank is taking a natural step from traditional custody into digital assets. 

She said the MiCA-regulated crypto custody model helps institutions such as Renta 4 Banco offer crypto trading with stronger operational guarantees.

Bit2Me said the launch supports integrating institutional crypto infrastructure into banking workflows. Gabriel Ayala, director of banking solutions at Bit2Me, said the service demonstrates how regulated crypto access can fit within traditional financial systems.

The rollout adds to Spain’s growing bank-led crypto market. For instance, BBVA has explored Bitcoin and Ethereum trading and custody through infrastructure managed directly by the bank.

DeFi protocol Unizen to provide ‘immediate reimbursement’ after $2.1M hack

1 mins read March 11, 2024

Unizen announces user reimbursement after $2.1M hack

Unizen to reimburse users after a $2.1 million loss due to a security breach, starting with those who lost $750,000 or less. The DeFi platform offered a 20% bounty for the return of stolen funds and is working with law enforcement to identify the hacker. Immediate steps include issuing refunds in USDT or USDC, and implementing enhanced security measures with third-party collaboration. DeFi protocol, Unizen, has committed to reimbursing users following a security breach that led to the loss of approximately $2.1 million in user funds. The breach was detected on March 9 by blockchain analytics firm PeckShield, which identified an “approve issue” that allowed unauthorized withdrawals from the platform. 

Following PeckShield’s alert, security experts at SlowMist confirmed the extent of the losses to be around $2.1 million and observed that the stolen funds had been converted from Tether (USDT) to Dai (DAI).

Unizen communicates with hacker In response to the breach, Unizen immediately communicated directly with the hacker, proposing a 20% bounty for the return of the remaining stolen assets. Concurrently, the protocol has been coordinating with law enforcement and forensic experts to trace the attacker’s identity. Despite ongoing negotiations for the bounty, Unizen moved forward with plans to compensate the hack’s victims, announcing that reimbursements would begin on March 11. 

The protocol aims to cover losses for 99% of affected users, especially those who lost $750,000 or less, using funds loaned by Unizen founder and CEO Sean Noga.

The compensation will be distributed in USDT or USD Coin (USDC), starting immediately, with a case-by-case approach for losses exceeding $750,000. Alongside the reimbursement announcement, Unizen released a video tutorial advising users on how to revoke platform approvals to prevent future losses. Chief Technology Officer Martin Granström has stated that enough evidence has been collected for a post-mortem report and highlighted ongoing collaborations with third-party firms to enhance security measures.

https://twitter.com/MartinGranstrom/status/1766898480386101440

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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Damilola Lawrence

Damilola Lawrence has covered news on crypto markets and tech for over 5 years. He has previously shared crypto insights and analysis for TheShibMagazine, CryptoMode, Qweens Magazine, and The Recording Academy before pivoting into Web3. At Cryptopolitan, he is a crypto price prediction specialist. After finishing a bachelor’s degree, he has segued into a master’s degree in IT Cybersecurity at Maria Curie-Skłodowska University.

$2 Million Hacked From This DeFi Protocol

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Telos, a Zero-Knowledge technology-driven L1 decentralized network that provides privacy and scalability, has partnered with Unizen. The collaboration between Telos and Unizen, a decentralized exchange aggregator that offers access to more than 20,000 assets, focuses on enhancing interoperability and promoting growth. Unizen now provides respective access to ten networks because Telos has joined it with the latest addition.

Telos Integrates with DEX Aggregator Unizen to Foster Ecosystem Growth and Interoperability On the official account of Telos Foundation on X, it expressed its enthusiasm regarding the collaboration. As included in the latest partnership, Telos users can stake ZCX tokens to get rewards in cryptocurrency. In addition to this, the users can also share profits that they obtain from diverse trades. In one of its recent posts, the firm clarified that ZCX coin has a direct link to its trade volume. Because of this, the token provides scarcity through the dual burn.

As per Telos, the inclusion of the respective features in the partnership exclusively deals with facilitating the users. It added that it is joining Unizen as the tenth of the networks to which it provides services. As a result of this development, the interoperability will improve along with the expansion of asset access.

While providing more details about the partnership, Telos disclosed that the integration between the two entities elevates the status of Unizen. In this respect, the DEX leadership of the platform will likely experience a significant boost after this collaboration. Apart from that, this would spike the trade efficiency to ultimately attract more users. Moreover, the purpose of this endeavor is to offer a matchless user experience.

As included in the partnership, Telos focuses on providing consumers with cost-effective swaps. It moved on to say that the collaboration is healthy and beneficial for both companies. According to Telos, both ecosystems would get a huge boost from the respective development. Unizen’s cutting-edge trade-splitting algorithm permits it to outcompete the rest of the top aggregators.

The Endeavor Targets Benefiting Both Ecosystems via Systematic Improvements It optimizes both interoperability and liquidity for cost-efficient and seamless cross-chain and single swaps. The growth of Unizen is credited to several factors, taking into account a remarkable and user-friendly interface. This makes it comparatively efficient and accessible. Telos claimed that the collaboration targets mutual ecosystem development to benefit both communities via systematic improvements, marketing efforts, and collaborations.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

The attacker behind the Unizen hack has moved over $2 million of stolen assets to Tornado cash more than four months after the attack.

According to blockchain security firm PeckShield, the attacker laundered a total of 865.4 ETH (ETH), approximately $2.16 million at the time.

The routing of funds began with the attacker transferring 2,179,859 DAI (DAI)from the wallet used in the exploit to an unknown wallet identified by “0X866…84d7” in two separate transactions.

Attacker moves funds from wallet used in the exploit | Source: Etherscan Subsequently, the hacker started swapping the DAI for ETH on Uniswap before transferring them to Tornado Cash via 26 different transactions.

Swapped ETH being transferred to Tornado cash | Source: Etherscan At the time of writing, both the exploiter’s wallets had zero balances.

The funds were moved 151 days after the March 9 attack, when PeckSheild identified an “approve issue” with the platform. $2.1 million worth of USDT had been drained and later converted into DAI.

Hi @unizen_io you may want to a look. It looks like an approve issue with >2m loss already.

If you have approved the following trade aggregator, please revoke ASAP:

eth: 0xd3f64baa732061f8b3626ee44bab354f854877ac pic.twitter.com/Rq1AMxrrgs

— PeckShield Inc. (@peckshield) March 8, 2024 The Unizen team attempted to contact the hacker on-chain and offer a 20% bounty in return for the stolen assets but to no avail.

A reimbursement plan was announced on March 11, spearheaded by Unizen CEO Sean Noga, who used his personal funds to compensate users. The funds would be compensated in USDT and USDC for victims who lost less than $750,000, while the cases above the threshold would addressed individually.

Attackers employ various means to move stolen assets, with cryptocurrency mixers being the most common tool. 

Last month, on-chain sleuth ZachXBT reported that the hackers behind the $308 million DMM Bitcoin (BTC) hack were laundering stolen assets via Huione Guarantee, an online marketplace that facilitates various scams and related services.

Meanwhile, attackers behind the flash loan attack on Binance Smart Chain-based defi protocol Pancake Bunny were seen buying the Ethereum dip on Aug. 5, when the second largest cryptocurrency recorded a double-digit drop.

Following the March 9 attack orchestrated by a malicious actor on Unizen, a decentralized finance (DeFi) protocol, which resulted in the loss of around $2.1 million, it has now been revealed that the hacker behind the attack has moved the stolen assets to Tornado Cash.

In a post by blockchain security firm PeckShield, it was revealed that the hacker moved 2,179,859 DAI from the wallet used in the attack to an unknown wallet on August 7. They then changed the DAI into 865.4 Ether (ETH) and sent it to Tornado Cash in 26 separate transactions. This will be the first time the stolen Unizen funds have been moved since the attack 151 days ago.

After the March exploitation, the Unizens said they would return the stolen funds to users. The plan was led by the CEO Sean Noga, who released personal money to the company to pay back users who lost less than $750,000. For people who lost more, the company said they would look at each case separately.

More so, days after the attack, Unizen chief technology officer, Martin Granström, stated that the company is working with security experts and law enforcement agencies to track down the hacker’s identity. He noted that they gathered various evidence and can now proceed with the post-mortem.

In the same post, he assured users that the firm would invest more in improving its security with every new upgrade as they owed it to their community. However, despite the firm’s effort to catch the bad actor, it does not seem like they have made any headway, as the hacker now has zero balance in their wallet.

Crypto Hacking: A Growing Concern in the Industry The attacker used a decentralized mixer that makes it hard to trace the origin of cryptocurrency transactions. Bad actors often deploy this tactic to hide stolen money.

Similar scenarios have occurred in other major hacks, such as the $308 million hack of the DMM Bitcoin system. In that case, the hackers used Huione Guarantee, an online marketplace that lets people do scams and other shady things, to launder the stolen assets.

Recently, another DeFi protocol Nexera was hacked, and a sum of $1.5M was exploited, which resulted in the company warning its users to stop trading the NXRA token. It was also revealed that the bad actor has already started selling the token for ETH and has already bridged some to the BNB chain.

The bad actor’s address behind the Nexera attack was said to be connected to recent private key compromise cases, such as Concentric Finance, OKX DEX, and Serenity Shield.

The continuous cyber attacks in the crypto space show the need for further industry security improvement. Many investors have lost a lot of funds because bad actors are becoming more rampant. The attack on WazirX last month, which resulted in the loss of over $230 million, further testifies why a quick solution needs to be found to mitigate the act.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cybersecurity News, News

Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games. 

Temitope Olatunji on X

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Ice Open Network (ION), a popular blockchain ecosystem to boost Web3 adoption, has commenced a new partnership with Unizen, an advanced decentralized exchange aggregator. The collaboration intends to enable efficient and seamless cross-chain trading to fortify Ice Open Network’s status as a leading DeFi player. The platform revealed this mutual endeavor in its recent social media post.

🌟 We’re excited to welcome @unizen_io to Online+ and the Ice Open Network ecosystem!

👉 As a next-gen DEX aggregator and solver, #Unizen enables seamless trading across 16 chains and 200+ liquidity sources, delivering top returns with the lowest fees for retail, wallets,… pic.twitter.com/gkq10EvQDs

— Ice Open Network (@ice_blockchain) March 27, 2025 Ice Open Network Joins Forces with Unizen to Make DeFi More Accessible As a part of this collaboration, Unizen will provide its cutting-edge DeFi capabilities to Ice Open Network. Unizen has gained a significant traction based on its latest trading potential, providing access to more than two hundred liquidity sources throughout sixteen different blockchain ecosystems. Its advanced technology permits Unizen to facilitate retail and institutional investors, along with traditional finance users. In this respect, they can execute transfers with optimal gains as well as least fees.

By integrating the robust aggregation solutions of Unizen, Ice Open Network allows its consumers to utilize these benefits via the Online+ ecosystem. This ecosystem operates as an interactive and social hub of the platform. Online+ ecosystem will reportedly host Unizen in the form of a dApp. Hence, the users will be allowed to get an unparalleled access to the trading tools of Unizen without exiting the ION environment. Additionally, this endeavor aligns with the Ice Open Network’s objective to streamline DeFi adoption and user experience.

Providing Efficient and Seamless DeFi Solutions According to Ice Open Network, the collaboration with Unizen denotes a noteworthy development in its venture toward delivering efficient and seamless DeFi solutions. For Unizen, this endeavor underscores its commitment to increasing the accessibility, cost-effectiveness, and efficiency of the DeFi trading. As the partnership unfolds, the consumers can anticipate additional updates and developments.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

QANplatform’s quantum-resistant technology has been adopted by the first European country. The technology is being used to protect the state-owned cybersecurity infrastructure from quantum computing attacks. The quantum-resistant blockchain allows developers to create smart contracts and applications resistant to quantum attacks. The name of the adopting country has not been disclosed for national security reasons.

European Commission and CybersecurityQAN’s Intellectual Property holding company CEO, Patrick Storchenegger, states that the integration of QAN roll-up will serve as a key component in the country’s post-quantum cybersecurity layer. Post-quantum security has seen increasing interest since December 2023, following the release of IBM Condor, the second-largest quantum processor, with 1,121 qubits.

Aware of the impending threat of quantum computers, the European Commission launched the Quantum Flagship initiative in 2018, a research endeavor with a budget of at least 1 billion euros over 10 years.

Major companies are also preparing for a post-quantum future. Apple released an update in February aiming to future-proof iMessages with post-quantum cryptography, placing Apple at the forefront of quantum-resistant messaging providers. Signal launched a quantum-resistant encryption upgrade in September 2023, but Apple claims it was the first to achieve level 3 encryption.

While breaking current messaging encryption models is still not feasible due to the time and computational power required, the advancement of quantum computers will eventually make it possible. According to Johann Polecsak, co-founder and CTO of QANplatform, staying ahead of the quantum computing curve in cybersecurity protocols is crucial. Polecsak made the following statement:

“When it comes to cybersecurity, especially in the age of ‘store now, decrypt later,’ we must always be ahead of the curve. The day when quantum computers will break today’s security algorithms is just a matter of time. With this awareness, we built QANplatform from the ground up to be immune to quantum computer attacks.”

In December 2023, QANplatform received an investment of 15 million dollars from MBK Holding and will use these funds to develop quantum-resistant technology roll-ups.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

QANplatform, Ethereum Virtual Machine (EVM) compatible, launched the world’s first quantum-resistant blockchain test network, enabling the development of quantum-resistant smart contracts. According to an announcement shared by QANplatform, the new test network will allow developers to write smart contracts using any programming language. Speaking about the process, QANplatform co-founder and CTO Johann Polecsak indicated that this points to the first EVM-compatible test network with quantum-resistant cybersecurity.

What to Expect in the Quantum Field?Since the release of IBM Condor, the second-largest quantum processor with 1,121 qubits in December 2023, post-quantum security has become an urgent concern. Polecsak explained that due to their inherently decentralized nature, most of the top blockchain networks like Bitcoin, Ethereum, or Solana could not adopt quantum-resistant security measures without significant negative impact:

“Blockchain networks will backfire in the post-quantum transition because it will be impossible to say whether legitimate owners transferred funds and data or hackers stole it all. In such cases, billions of dollars worth of data could instantly devalue the affected blockchain networks as it begins to be transferred on behalf of the real owners by hackers.”

However, the new QANplatform test network will allow testing of transition processes to a quantum-resistant alternative for EVM-compatible protocols without risking user funds on the main network. The announcement of the test network came about two months after the first European country adopted QANplatform’s quantum-resistant technology in March. The technology solution provides protection against quantum computing attacks aimed at government cybersecurity infrastructure.

Quantum-Resistant TechnologiesGovernments worldwide are already preparing for the post-quantum era, and the European Commission launched the Quantum Flagship research initiative in 2018 with a budget of at least 1 billion euros over a 10-year period. According to Polecsak from QANplatform, considering that quantum computing already poses a significant security threat to everyday internet users, these efforts are justified:

“Quantum-resistant technology is already important today due to the ‘store now, decrypt later’ cybersecurity threat, which involves attackers collecting encrypted data to decrypt later using more powerful computing methods like quantum computers.”

Major companies are also preparing for the post-quantum future. Apple, announced a new update in February aimed at making iMessages quantum-resistant, positioning Apple as a leader among quantum messaging providers.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

QANplatform announced the launch of its quantum-resistant and Ethereum-compatible blockchain testnet. This launch gives developers room to code smart contracts in several programming languages.

Exploring New Features on Quantum-Resistant Blockchain The QAN Testnet is the latest version of QANplatform’s blockchain that allows users to test new features. This means that the team gets feedback from developers and users to improve these features. Before launching the testnet, the QANplatform had a few things going on. They implemented a quantum-resistant technology for a European Union member state.

The QAN testnet is a significant milestone in the QAN platform and Web3 technology. It displays QAN’s interest in helping developers in the blockchain industry. This means that developers can build smart contracts with any programming language. That’s pretty impressive, and that’s what QAN Testnet is about. 

We are proud to announce that QANplatform has rolled out the world’s first quantum-resistant and EVM-compatible blockchain testnet, where developers can code smart contracts in any programming language.https://t.co/2Q9hQDrLxv pic.twitter.com/91x42i7ZQl

— QANplatform (@QANplatform) May 7, 2024

QAN Testnet stands out from other web3 platforms like EOSIO. It has unique features. These features include:

Quantum-Resistant Security The QAN Testnet is secure against potential attacks because of its quantum-resistant security.

Compatibility with Ethereum Although EOSIO and its virtual machine, the QAN testnet is compatible with EVM blockchains. This would lead to smooth transactions with the Ethereum-compatible blockchains.

Approves any Programming Language Many blockchains support certain programming languages for coding smart contracts. But the QAN Testnet is different. QAN Testnet accepts any programming language. So, as a developer, you can use the programming language you know to code smart contracts.

No-Code Smart Contract Studio QAN has a no-code smart contract studio. This feature makes it an exceptional platform. With this feature, you can code smart contacts with zero coding experience. You can use the no-code smart contract studio feature to achieve this in a few minutes.

Following the completion of the primary tests on the QAN TestNet, the #QANplatform team is currently finalizing the most comprehensive developer documentation we have ever released. After years of dedicated effort, on May 7th, we will proudly introduce the world's first…

— QANplatform (@QANplatform) April 24, 2024

More About QANPlatform The QANPlatform is compatible with PoS and PoW consensus algorithms. But, here’s something new: CRYSTALS-Dilithium. QANplatform uses CRYSTALS-Dilithium for its activities. Also, CRYSTALS-Dilithium helps secure transactions even against quantum computers. This means that It ensures that your data is secure.

6/#QANplatform comment: The QAN private blockchain will be the first Ethereum EVM-compatible, quantum-resistant #blockchain where developers can code smart contracts in ANY programming language.

It will use NIST primary recommended #PostQuantum algorithm, CRYSTALS-Dilithium.

— QANplatform (@QANplatform) July 17, 2023

QANplatform’s co-founder and CTO, Johann Polecsak, expressed thoughts about the testnet. He said that the team aims to handle current and future problems in the blockchain industry.

Disclaimer The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.

Asunción, Paraguay, September 11th, 2025, Chainwire

Ueno Bank, Paraguay’s largest bank with over 2.2 million customers, announced its transition to quantum-resistant cybersecurity to safeguard digital operations and digitally signed documents. Utilizing quantum-resistant digital signatures and quantum-resistant blockchain technology from SignQuantum and QANplatform, the implementation is being supported by ITTI, Paraguay’s leading technology company.

As quantum computing advances threaten traditional cryptographic systems, Ueno Bank is taking proactive measures to future-proof its operations. Ueno Bank has implemented its first quantum-resistant solution, SignQuantum, a quantum-resistant software add-on for digitally signed documents. It ensures the integrity and authenticity of e-signed documents of the company and their 2.2 million users. Using QANplatform’s quantum-resistant blockchain, document hashes will be securely uploaded with post-quantum signatures, protecting sensitive data from potential falsification.

“Ueno Bank is a technology-driven financial innovator, committed to leading the way in innovation and security,” said Juan Manuel Gustale, President at Ueno Bank. “Adopting SignQuantum and QANplatform’s technology both mitigates future risks and builds confidence with our customers and partners to bring a new standard of cybersecurity in the financial sector.” 

Cybersecurity risks posed by quantum computers exist regardless of the adoption or performance levels of quantum computing. Malicious actors will be able to backdate and modify the content and signature of digitally signed documents using quantum computers, enabling a time travel attack. The current initiative by Ueno Bank pioneers the finance sector’s adoption of quantum-resistant technologies to protect internal operations and customer data against emerging cybersecurity threats.

“We are bringing together numerous stakeholders, ITTI, QANplatform, and Ueno Bank, to pioneer quantum-resistant cybersecurity in the financial sector,” stated Nazmath Nazeer, CEO of SignQuantum. “As the first bank worldwide to implement this technology, Ueno Bank is demonstrating exceptional foresight and leadership to better protect its operation and serve its customers.”

“Ueno Bank’s move towards quantum-resistant security sends a strong signal to the financial and technology sectors in Latin America,” said Luis Angulo, Vice President of ITTI. “As the exclusive distributor of SignQuantum in the region, we are expanding access to this critical technology, starting with our successful implementation with Ueno Bank.”. 

“We’re thrilled to see QANplatform’s quantum-resistant blockchain deployed in robust, real-life environments like Ueno Bank, Paraguay’s largest bank by customer base. This is an outstanding opportunity to prove that QANplatform is capable of not only safeguarding, but also handling large volumes of digital transactions.” – commented Johann Polecsak, Co-Founder and CTO of QANplatform.

About Ueno Bank

Ueno Bank is Paraguay’s largest and fastest-growing financial institution, serving over 2.2 million users through a network of 70 branches and 1,100 ATMs—the most extensive in the country. Established in 2021, Ueno Bank has revolutionized banking in Paraguay by introducing innovative digital services such as fully digital onboarding, dual card vending machines, and a cashless payments network (Wepa). Committed to financial inclusion and innovation, Ueno Bank has positioned itself as a leader in the region. Visit https://www.ueno.com.py/en for more information.

About ITTI

ITTI, Paraguay’s leading technology company, has well-established hubs in Argentina, Brazil, and Colombia, and plans to open offices in three more countries by the end of 2025. ITTI is specializing in innovative IT solutions across multiple sectors including finance, retail, energy, telecommunications, and the public sector. Employing a diverse team of 1,200 professionals. ITTI received the gold award for Digital Banking for Financial Innovators for its ITTI Secure tool — a solution streamlining customer document management with qualified digital signatures — at Fintech Americas 2025 in Miami. In August 2025, ITTI became the exclusive distributor of SignQuantum in Latin America. Visit https://www.itti.digital for more information.

About SignQuantum

SignQuantum is a product of Quantum Software Solutions – a Qatari technology innovation and research lab – member of MBK Holding. SignQuantum prevents quantum computers from modifying digitally signed documents with its post-quantum security add-on. SignQuantum provides cutting-edge, fast-lane solution to kickstart your organization’s quantum-safe transition by integrating with existing e-signature software without requiring modifications to current processes or workflows. SignQuantum leverages QANplatform, the quantum-resistant blockchain for immutable time-stamping. Visit https://www.signquantum.com for more information.

About QANplatform

QANplatform is a blockchain platform that provides unparalleled time to market for Web3 development. It serves startups, SMEs, enterprises, and large government infrastructure projects with quantum-resistant security. QAN’s flagship product is a revolutionary quantum-resistant hybrid blockchain platform with smart contract functionality. It is the first to introduce technology that allows developers to build use cases in any programming language on the blockchain. QANplatform is a member of the Linux Foundation and one of the first 20 members of the Linux Foundation’s Post-Quantum Cryptography Alliance (PQCA). The first EU country implemented QAN’s quantum-resistant technology in 2024. Visit https://www.qanplatform.com for more information.

ContactCEO
Nazmath Nazeer
[email protected]

This article is not intended as financial advice. Educational purposes only.

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UwU Lend hit by another $3.7 million hack amid reimbursement efforts

The UwU Lend hacker returns to swipe another $3.7 million.The lending protocol was hacked using a flash loan for $23 million on Monday.UwU Lend users rejoiced on Wednesday after the lending protocol said it was able to fully reimburse victims of its recent $23 million exploit.

But their celebrations were cut short when at 7:46 am London time, the same hacker returned to take another $3.7 million.

That’s despite UwU Lend offering the hacker a 20% bounty — worth $4 million — to return users’ funds from a Monday hack.

According to Yaron Velner, CEO of risk management project B.Protocol, the hacker was able to drain more money from the protocol using its intended functions due to an oversight from its developers.

“The operation today did not entail any manipulation. Just a malicious intent, and erroneous configuration on UwU side,” he told DL News.

It comes after UwU Lend said in a June 12 X post that it had identified and fixed the vulnerability in its sUSDe market that the hacker previously exploited.

“All other markets have been re-reviewed by industry professionals and auditors with no issues or concerns found,” the protocol said.

UwU Lend did not return a request for comment.

UwU Lend began repaying users on Wednesday after the $23 million exploit forced it temporarily offline.

As of 5 am on Thursday, the protocol said it had repaid about $9.7 million stolen in the first hack.

“The protocol will repay all bad debt, as quickly as reasonably possible,” UwU Lend said. “We are happy to announce that no user funds have been lost due to this process.”

UwU Lend’s controversial founder Michael Patryn, better known by his pseudonym 0xSifu, had previously offered to drop any charges if the hacker returned 80% of the stolen crypto, worth about $18 million.

Oracle attackOn Monday, a hacker used a $4 billion flash loan to manipulate the price of certain tokens on UwU Lend, which allowed them to drain the protocol.

A flash loan is a type of DeFi transaction where a user borrows funds from a lending protocol and repays them in the same transaction.

While flash loans are often used by market makers to quickly arbitrage price differences in DeFi markets, they also make possible exploits that require large amounts of capital to perform.

Zircuit co-founder Martin Derka — who co-developed a tool to detect flash loan-based exploits while at crypto security firm Quantstamp — said such exploits were notorious in DeFi.

“These kinds of vulnerabilities are usually very difficult to discover during smart contract audits, because they require in-depth knowledge of multiple protocols — those that one is auditing, and those that are being used as oracles,” he told DL News.

“There are also not enough automated tools that are capable of discovering such vulnerabilities.”

Launched in 2022, UwU Lend is a fork of Aave, the largest DeFi lending protocol with $12.4 billion of deposits.

A fork is where a developer team uses the open-source code from an existing DeFi protocol to launch a similar protocol — often on a different blockchain or with minor changes.

But the changes to Aave’s code allowed the hacker to drain UwU Lend. The protocol used easily manipulated oracles — software that provides it with the prices of various tokens.

UwU Lend’s UWU token is down 15% over the past week, and trades at around $2.70.

Update, June 13: This article was updated to include comments from B.Protocol CEO Yaron Velner that clarify the $3.7 million theft was not caused by a separate exploit. An earlier version misstated the name of the blockchain Martin Derka co-founded; it is Zircuit, not Circuit.

Aleks Gilbert is a DeFi Correspondent at DL News. Got a tip? Email him at [email protected].

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Decentralized finance protocol UwU Lend has suffered another exploit from the same attacker, costing it $3.7 million worth of stolen funds.

UwU Lend, an Ethereum-based lending and liquidity protocol, has apparently suffered another hack from the same attacker, who exploited the protocol two days ago for nearly $20 million.

https://twitter.com/CyversAlerts/status/1801163462816473466

According to data from Cyvers Alerts, the hacker drained $3.7 million in liquidity from pools including uDAI, uWETH, uLUSD, uFRAX, uCRVUSD, and uUSDT. All stolen assets have been converted to ETH and are currently held at the attacker’s address, the firm added.

As noted by an X user under the alias @CryptoEvgen, the hacker used funds “stolen during the first hack for this new attack.” The cause of the latest incident remains unclear, and UwU Lend has yet to make a public statement on the matter.

The latest incident comes just two days after UwU Lend lost $20 million worth of crypto, what the protocol described as a “sophisticated attack.” As crypto.news reported, the attacker seemingly utilized Curve LlamaLend as the “exit liquidity” for the attack.

UwU Lend was founded by Michael Patryn, also known as Omar Dhanani or “0xSifu,” who is a co-founder of the ill-fated QuadrigaCX exchange. Based on the open-source AAVE v2 code, UwU Lend offers lending, borrowing, and staking services, and shares platform revenues with users through its native token, UwU.

Ethereum (ETH)-based decentralized finance (DeFi) protocol UwU Lend just suffered a security breach that siphoned $23 million worth of crypto from its platform.

In a post on social media platform X, the team behind UwU Lend says the protocol will be paused until the investigation of the exploit has concluded.

[adinserter block="1"]

“Yesterday UwU Lend was the target of an exploit involving a sophisticated attack. The team reacted swiftly and the protocol was paused within minutes. Rates for borrows and deposits have been set to 0% so users’ positions will not be affected by this pause.”

UwU Lend already made an offer to the hacker and is now awaiting a response. In an on-chain message, the lending and liquidity protocol says the exploiter will get a white hat bounty in exchange for returning the stolen assets.

“UwU Lend would like to discuss a bounty with any parties involved in the recent UwU Lend exploit. We are offering a 20% white hat bounty of any funds taken, which you may keep if you return the remaining 80% to uwulend.eth. You will face no risk of us pursuing this further and no risk of law enforcement issues.”

The exploiter has until 5 PM on June 12th to voluntarily return the assets. Otherwise, UwU Lend says it will offer the bounty to the public and reward 20 percent to anyone who can identify the hacker in a way that will lead to a conviction in court.

Generated Image: Midjourney

UwU Lend has put up a $5 million bounty in ETH for anyone who can apprehend the hacker behind the recent heists.

This move comes after the efforts to get the hacker to release the stolen funds proved futile.

UwU Lend Offers $5M to Catch Hacker UwU Lend, a decentralized lending protocol, is offering a $5 million bounty in Ethereum for ‘the first person to identify and locate’ the hacker who has been carrying out attacks lately. In the announcement made through Input Data Message (IDM) on Ethereum, there is no demand for the recovery of funds or facing the criminal charges.

This bounty comes after unsuccessful talks with the hacker where UwU Lend proposed to give the hacker 20% of the stolen funds if the rest 80% would be returned. The hacker did not follow the offer that was made to him/her, and therefore UwU Lend had to step up its actions.

Source: IDM

On Monday, the exploiter utilized a flash loan attack to hack UwU Lend, and the platform lost $20 million. Another raid occurred on Thursday, resulting in the loss of another $3.7 million. According to blockchain security experts, the same person is behind both attacks.

Previous Offers and Deadlines UwU Lend at first tried to settle the dispute without involving the police by offering the exploiter a deal. If the hacker decided to return 80% of the stolen amount, he would be allowed to retain the 20% and be let off the hook.

This offer was extended with a deadline of Wednesday, 1 p.m. ET (17:As at 00:00 UTC, which was the agreed time to shut down the system, the hacker did not do so. 

By Thursday, UwU Lend informed that the repayment period has been over and, therefore, the protocol had to think about other options which resulted in the creation of the $5 million bounty.

Repeated Exploits and Security Concerns The first incident on June 10 was a flash loan attack that manipulated price oracles of sUSD stablecoin which left the platform to lose $20 million. After this, UwU Lend came out and said that the problem has been noted and fixed. However, another attack on June 13 resulting in a loss of $3.7 million, showed that the security issues had not been fully addressed. Both of these attacks have caused concerns in the DeFi industry on the effectiveness of security measures that have been put into place in decentralized platforms.

Due to its connection with Michael Patryn, also known as Omar Dhanani and 0xSifu, co-founder of the collapsed cryptocurrency exchange QuadrigaCX, UwU Lend has attracted criticism. This background has compounded the problem of rebuilding user trust in the wake of the exploits.

We have made an offer to the hacker and are awaiting a response. The protocol will remained paused until the investigation has concluded. Thank you for your patience during this time.

List of approximate assets and values taken listed below.

— UwU Lend (@UwU_Lend) June 11, 2024

The experts advise the application to utilise better real-time tracking and stronger security measures to reduce the risk to the users’ valuables. However, in light of the recent breaches, UwU Lend has ensured its clients that their funds are secure and that all the losses incurred will be recovered at the earliest.

The company has also thanked security firms such as Hypernative Labs for their timely notifications that allowed the company to act quickly to minimize the effects of the exploits. UwU Lend has also ceased and is slowly bringing back its markets, and working on getting back to normalcy.

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The same hacker that exploited $20 million from UwU Lend earlier this week stole another $3.7 million using the funds stolen in the first exploit to carry out the second attack.

The hacker used the sUSDe tokens from the first hack to drain UwU Lend’s pools in the second attack.

Shutterstock

Posted June 13, 2024 at 9:10 pm EST.

UwU Lend, the decentralized finance (DeFi) protocol that lost $20 million in an exploit on June 10, has been attacked again by the same hacker in the midst of a reimbursement process for affected users.

Blockchain security firm Cyvers alerted users on X to the ongoing exploit on Thursday, with onchain data showing that the attacker stole a further $3.7 million from the UwU Lend protocol.

The attacker exploited uDAI, uWETH, uLUSD, uFRAX, uCRVUSD and uUSDT asset pools and has already converted the stolen funds to ether. 

The June 10 exploit was carried out by way of a flash loan attack, where the attacker swapped the USDe stablecoin for other tokens, manipulating the price of USDe and sUSDe. 

The UwU Lend team said on June 12 they had identified and resolved that the vulnerability was unique to the sUSDe market oracle, and had unpaused the protocol and started paying off the protocol’s bad debt and reimbursing users. 

UwU Lend repaid $9.7 million worth of bad debt, but because the protocol still treated the hacker’s funds as legitimate collateral and attacker still held a significant amount of these tokens from the first exploit, the attacker was still able to drain UwU Lend’s other pools. 

Web3 security firm MetaTrust Labs noted that the hacker used 60 million sUSDe from the previous hack as collateral to drain the pool, and still holds 5 million sUSDe tokens. 

UwU Lend was created by collapsed crypto exchange QuadrigaCX co-founder Michael Patryn or “0xSifu,” who offered the hacker a 20% bounty in exchange for returning 80% of the stolen funds. 

That offer appears to be off the table based on Sifu’s latest blockchain message to the hacker. 

“Repayment deadline for the funds you stole has passed. Five million dollar bounty to the first person to identify and locate you, paid in ETH,” wrote Sifu. 

UwU Lend offers a $5M bounty to whoever catches its exploiter

Decentralized lending protocol UwU Lend has unveiled a $5 million bounty to “identify and locate” the exploiter.

Developers of UwU Lend are promising to pay up to $5 million “to the first person to identify and locate” a hacker, who exploited the protocol for over $23 million worth of crypto. The bounty was announced shortly after the attacker missed the deadline set by the UwU Lend team, who expected the return of 80% of the stolen funds in exchange for a 20% reward.

As crypto investigator @CryptoEvgen noted in their X account, the hacker started funneling the stolen assets via Tornado Cash, a mixing service sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) for facilitating approximately $7 billion in crypto laundering since 2019.

As of press time, it’s understood that the hacker has already laundered at least 500 ETH, valued at approximately $1.7 million at current market prices.

UwU Lend, which leverages the open-source AAVE v2 code, suffered two separate attacks from the same hacker in less than three days, executing what appears to be flash loan attacks that compromised multiple liquidity pools.

Founded by Michael Patryn, also known as Omar Dhanani or “0xSifu” — a co-founder of the now-defunct QuadrigaCX exchange — UwU Lend provides lending, borrowing, and staking services while distributing platform revenues through its native token, UwU.

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