THORChain declines to block assets linked to Bitget hackers
Hackers stole $387.5M from crypto exchange #Bitget on September 24, with some of the funds now being converted into #Bitcoin via #THORChain , which has declined to block the transactions. THORChain allows users to swap assets across blockchains without identity checks. Once the stolen funds are converted into Bitcoin, they cannot be frozen by a centralized entity.
THORChain defended its permissionless model, saying it is open to anyone, like Bitcoin, #Ethereum , and #BNBChain . It argued that this raises broader questions about whether base-layer blockchains should be responsible for handling known stolen funds, rather than placing that responsibility solely on THORChain.
#Jumper will conduct a $JUMP token sale on #Legion starting September 29th at 13:00 UTC, running until October 2nd at 13:00 UTC. The sale aims to raise $2M in USDC on Ethereum, with a $3M hard cap, for 4% of the $JUMP supply.
Jumper is an onchain finance super-app that brings a wide range of products and assets into one platform, allowing users to swap, bridge, earn yield, trade perpetuals, and access everything from major cryptocurrencies and memecoins to tokenized stocks and other RWAs.
Register on Legion to participate in future sales: legion.cc?homie=83F2FBFD
#Tether has signed a Memorandum of Understanding with #PaveBank , a corporate and institutional bank at the intersection of digital assets and traditional finance, and the Global Finance & Technology Network #GFTN , a Singapore-headquartered not-for-profit organization. The program will allow selected STEM students from Tbilisi State University to spend a semester at Singapore Management University, gaining practical skills and international experience. The program will also offer industry exchanges, mentorship, and fintech projects, with potential internships and access to GFTN’s global Knowledge Circle network.
#Ethena partners with #Binance to expand into equity perpetuals, using tokenized stocks #bStocks as collateral and USDT-denominated contracts for hedging. This new market-neutral strategy targets price differences between tokenized stocks and equity perpetuals. Binance will also give eligible delta-neutral accounts, including Ethena, lower automatic deleveraging priority to improve trading stability.
KelpDAO filed a lawsuit against LayerZero over $292M rsETH exploit
#KelpDAO sued #LayerZero and co-founder Bryan Pellegrino in the Supreme Court of British Columbia over an April 18 exploit that affected 116,500 rsETH, valued at roughly $292M. Evercrest alleges LayerZero failed to disclose security risks or recommend multi-DVN setups, while also accusing the company of negligent misrepresentation and defamation. It is seeking damages after more than $650M in user withdrawals since the exploit. The case could face increased scrutiny under MiCA and CFT compliance rules.
#HIFI secures $37 in a Series A funding round led by Left Lane Capital. The funding will support the expansion of the company’s tokenized capital markets infrastructure and stablecoin payment services. HIFI also partnered with Visa to enable stablecoin-funded payouts to over 4 billion #Visa cards worldwide.
HIFI is a financial technology platform and API infrastructure that lets businesses move, convert, and route money between traditional bank rails and stablecoins.
#infiniFi secures $3M in a Seed funding round led by Electric Capital, with participation from New Form Capital, Generative Ventures, Fasanara Capital, 2Square, 4th Revolution Capital, DCFGod, The Rollup, and others. This funding round brings infiniFi's total funds raised to $6M.
infiniFi is a decentralized finance protocol that replicates traditional fractional reserve banking on-chain to optimize stablecoin yields without using leverage.
Hyperliquid will be listed on Binance with a seed tag applied
#Hyperliquid $HYPE will be listed on #Binance with the HYPE/USDT, HYPE/USDC, and HYPE/TRY trading pairs today, on September 24th, at 11:00 UTC.
Current $HYPE price is $93.37 Current market cap is $23.39B Current FDV is $88.58B
Hyperliquid is a high-performance, decentralized #Layer1 blockchain and leading perpetual futures exchange engineered to match the speed of a centralized trading platform while remaining fully on-chain.