X (Twitter) outage impacts 25,054 users on May 24. Explore the cybersecurity implications and user responses. source: https://coincu.com/339689-x-outage-affects-over-25000-users

According to Cointelegraph, blockchain security firm Dedaub has released a detailed report following the hack of the Cetus decentralized exchange, pinpointing the exploit of liquidity parameters as the root cause. The attack was facilitated by a flaw in the automated market maker's (AMM) code, specifically an oversight in the most significant bits (MSB) check. This vulnerability allowed hackers to manipulate liquidity values significantly, enabling them to establish large positions with minimal token input and subsequently drain pools containing hundreds of millions of dollars worth of tokens. The incident highlights a growing concern within the crypto and Web3 sectors regarding cybersecurity vulnerabilities. Industry leaders have repeatedly emphasized the need for robust security measures to protect users and prevent regulatory intervention. The hack, which occurred on May 22, resulted in $223 million in losses for Cetus users within just 24 hours. In response, Cetus and the Sui Foundation announced that Sui network validators managed to freeze a substantial portion of the stolen assets, totaling $163 million, on the same day. However, the decision to freeze these funds has sparked debate within the crypto community. Advocates of decentralization have criticized the move, arguing that it contradicts the fundamental principles of blockchain technology. Critics claim that the intervention by Sui validators represents a shift towards centralization, undermining the decentralized ethos that many Web3 projects claim to uphold. This sentiment was echoed by users on social media, with one post on X stating that the actions of the validators effectively transform the network into a centralized, permissioned database. Steve Bowyer, in a May 23 post, pointed out the irony of Web3 projects backed by venture capitalists leaning towards centralization despite their purported alignment with Bitcoin's decentralized philosophy.

في 24 مايو، شهدت أخبار الإيثيريوم أن محفظة تم تمكينها حديثًا باستخدام EIP-7702 خسرت حوالي 150,000 دولار عندما خدع المحتالون المستخدم للموافقة على مجموعة خبيثة من التحويلات الرمزية. تصاعدت هجمات التصيد الاحتيالي في العملات الرقمية. في أبريل 2025 وحده، استنزفت عمليات الاحتيال ما يقرب من 5. 3 مليون دولار من 7,565 محفظة source: https://www.thecoinrepublic.com/ar/2025/05/25/%d8%a3%d8%ae%d8%a8%d8%a7%d8%b1-%d8%a7%d9%84%d8%a5%d9%8a%d8%ab%d9%8a%d8%b1%d9%8a%d9%88%d9%85-%d9%83%d9%8a%d9%81-%d9%8a%d8%b3%d8%aa%d8%ba%d9%84-%d8%a7%d9%84%d9%85%d8%ae%d8%aa%d8%b1%d9%82%d9%88%d9%86-ei/

On May 24, Ethereum news saw a wallet freshly enabled with EIP-7702 lost about $150,000 when scammers tricked the user into approving a malicious batch of token transfers. Phishing attacks in crypto have surged. In April 2025 alone, scams drained roughly $5. 3 million from 7,565 wallets source: https://www.thecoinrepublic.com/2025/05/25/ethereum-news-how-hackers-are-exploiting-eip-7702-to-drain-wallets/

Blockchain security firm Dedaub released a post-mortem report on the Cetus decentralized exchange hack, identifying the root cause of the attack as an exploit of the liquidity parameters used by the Cetus automated market maker (AMM), which went undetected by a code "overflow" check. According to the report, the hackers exploited a flaw in the most significant bits (MSB) check, allowing them to manipulate the values for the liquidity parameters by orders of magnitude and establish relatively large positions with a keystroke. The Dedaub security researchers wrote:"This allowed them to add massive liquidity positions with just one unit of token input, subsequently draining pools collectively containing hundreds of millions of dollars worth of tokens. "The incident and the post-mortem update reflect the unfortunate trend of cybersecurity exploits and hacks impacting crypto and the Web3 industry source: https://cointelegraph.com/news/dedaub-cetus-hack-post-mortem?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

On May 25, 2025, 22:10 PM(UTC). According to Binance Market Data, Bitcoin has crossed the 108,000 USDT benchmark and is now trading at 108,365.6875 USDT, with a narrowed narrowed 0.30% decrease in 24 hours.

OKX market shows that BTC rebounded and broke through 108,000 USDT, and is now reported at 108,007.9 USDT, with the 24-hour increase narrowed to 0.64%. (This newsletter is generated by AI)

The attack, which occurred on May 22, has been confirmed as one of the most mathematically complex DeFi exploits to […] The post SlowMist Uncovers How Cetus Lost $230M in Sophisticated Smart Contract Exploit appeared first on Coindoo. source: https://coindoo.com/slowmist-uncovers-how-cetus-lost-230m-in-sophisticated-smart-contract-exploit/

Steve Miller, Trump’s Deputy Chief of Staff, took to X this week to challenge growing claims that the administration’s Big Beautiful Bill fails to lock in the aggressive DOGE cuts that were central to the president’s plan to drain federal waste. In a blunt response posted online, Steve said the rumors were “false” and based […] source: https://www.cryptopolitan.com/steve-miller-defends-trumps-bill-and-doge/

A trader's anonymous confession of losing $80,000 on memecoins while hiding it from his wife has struck a nerve across the X world. source: https://www.thestreet.com/crypto/markets/i-lost-80k-without-telling-my-wife-confesses-father-of-triplets

Discover the incredible journey of MrBeast, from viral video creator to crypto and business mogul. Still, his story is never short of controversies whilst his climb up to success.