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forklog.media Polymarket Confirms Private Key Compromise

On-chain investigator ZachXBT suspected an attack on the UMA CTF Adapter contract associated with Polymarket on the Polygon network. The platform's team confirmed awareness of the incident. According to them, the investigation results indicate a possible leak of a wallet's private key used for internal operations to top up accounts, rather than a breach of contracts or a vulnerability in the core infrastructure.  PeckShield specialists confirmed that funds were withdrawn from two addresses. Part of the stolen assets was sent through the non-custodial exchange ChangeNOW. #PeckShieldAlert #ZachXBT reports that the Polymarket UMA CTF Adapter contract on #Polygon has potentially been exploited. 2 addresses (0x871D…9082 and 0xf61e…4805) have been drained of approximately $520K.The attacker has already deposited a portion of the stolen funds… pic.twitter.com/ogne5K58mC— PeckShieldAlert (@PeckShieldAlert) May 22, 2026 Experts at Bubblemaps noted that hackers were withdrawing approximately 5000 POL every 30 seconds. According to the service, the damage amounted to about $700,000. UPDATE: ~$700k exploited• Suspected withdrawals have stopped• Polymarket said the incident was isolated and user funds are safeThe stolen funds were split across 16 addresses and routed through CEXs and other servicesExploiter addresses:… https://t.co/gSXWv7UywX— Bubblemaps (@bubblemaps) May 22, 2026 Polymarket representative Shantikiran Chanal clarified that the incident is related to rewards payout. We’re aware of the security reports linked to rewards payout. User funds and market resolution are safe. Findings point to a private key compromise of a wallet used for internal operations, not contracts or core infrastructure.More updates to follow.— Shantikiran Chanal (@ShantikiranC) May 22, 2026 The UMA CTF Adapter contract is used for market resolution through UMA's Optimistic Oracle. On GitHub, the project is described as an adapter for obtaining resolution data and completing market conditions. Earlier in May, hacking attacks targeted Ekubo, TrustedVolumes, THORChain, Verus, Echo, and Map Protocol. 

news.bitcoin.com Polymarket Suffers $700K Breach After Internal Admin Wallet is Compromised

Blockchain investigator ZachXBT first pointed to a possible hack, indicating that $520K were drained so far. Polymarket acknowledged the security event and stressed that it was taking action after the compromise of an alleged private key, explaining that user funds were safe. Polymarket Faces Security Event: No User Funds Affected Polymarket, one of the largest […]

blockmanity.com The Next Great Hiring Shift: Developers Will Not Be Judged by How Well They Avoid AI, but by How Well They Work With It

For years, the technical interview has been treated almost like a controlled laboratory experiment. A candidate enters an artificial environment, opens a blank editor, receives a problem, and is expected to produce a correct solution under time pressure. No real […] The post The Next Great Hiring Shift: Developers Will Not Be Judged by How Well They Avoid AI, but by How Well They Work With It appeared first on Blockmanity.

bitcoinist.com Billionaire Mark Cuban Reveals He Sold Most Of His Bitcoin: Here’s Why

Mark Cuban said he has sold most of his Bitcoin, arguing that the asset failed to behave as the hedge he expected during a period of geopolitical stress and dollar weakness. Speaking on Portfolio Players by Front Office Sports, released on May 21, 2026, the billionaire investor said it had “lost the plot” after underperforming […]

blockonomi.com House Oversight Chair Launches Insider Trading Probe Into Kalshi and Polymarket

TLDR: Chair Comer demands Kalshi and Polymarket submit identity and trade records by June 5, 2025. A U.S. soldier was arrested for using classified info to earn $400,000 on Polymarket bets. Over 80 Polymarket users placed suspicious trades hours before U.S. and Israeli strikes in Iran. Comer seeks legislation banning government employees and lawmakers from [...] The post House Oversight Chair Launches Insider Trading Probe Into Kalshi and Polymarket appeared first on Blockonomi.

bitcoinist.com Polymarket And Kalshi Are Now Under Congressional Investigation — The Evidence That Triggered It Is Hard To Dismiss

Representative James Comer, Republican of Kentucky and chairman of the House Oversight and Government Reform Committee, announced a formal investigation into prediction market platforms Polymarket and Kalshi on May 22 — demanding that the CEOs of both companies explain how their platforms detect and prevent insider trading, in a probe triggered by a series of […]

forklog.media Polymarket Confirms Private Key Compromise

On-chain investigator ZachXBT suspected an attack on the UMA CTF Adapter contract associated with Polymarket on the Polygon network. The platform's team confirmed awareness of the incident. According to them, the investigation results indicate a possible leak of a wallet's private key used for internal operations to top up accounts, rather than a breach of contracts or a vulnerability in the core infrastructure.  PeckShield specialists confirmed that funds were withdrawn from two addresses. Part of the stolen assets was sent through the non-custodial exchange ChangeNOW. #PeckShieldAlert #ZachXBT reports that the Polymarket UMA CTF Adapter contract on #Polygon has potentially been exploited. 2 addresses (0x871D…9082 and 0xf61e…4805) have been drained of approximately $520K.The attacker has already deposited a portion of the stolen funds… pic.twitter.com/ogne5K58mC— PeckShieldAlert (@PeckShieldAlert) May 22, 2026 Experts at Bubblemaps noted that hackers were withdrawing approximately 5000 POL every 30 seconds. According to the service, the damage amounted to about $700,000. UPDATE: ~$700k exploited• Suspected withdrawals have stopped• Polymarket said the incident was isolated and user funds are safeThe stolen funds were split across 16 addresses and routed through CEXs and other servicesExploiter addresses:… https://t.co/gSXWv7UywX— Bubblemaps (@bubblemaps) May 22, 2026 Polymarket representative Shantikiran Chanal clarified that the incident is related to rewards payout. We’re aware of the security reports linked to rewards payout. User funds and market resolution are safe. Findings point to a private key compromise of a wallet used for internal operations, not contracts or core infrastructure.More updates to follow.— Shantikiran Chanal (@ShantikiranC) May 22, 2026 The UMA CTF Adapter contract is used for market resolution through UMA's Optimistic Oracle. On GitHub, the project is described as an adapter for obtaining resolution data and completing market conditions. Earlier in May, hacking attacks targeted Ekubo, TrustedVolumes, THORChain, Verus, Echo, and Map Protocol. 

forklog.media Starbucks Halts AI Inventory System After Malfunctions

Starbucks has ceased using its AI program for automating inventory operations due to malfunctioning. This was reported by Reuters, citing sources. The application was introduced nine months ago in all North American stores. The tool was part of CEO Brian Niccol's efforts to address the persistent issue of stock shortages in the coffee chain, which he believed led to a decline in sales. The program, intended to improve deficit control, incorrectly counted and labeled products. For instance, it could confuse similar types of milk or omit them entirely. “As of today, the automatic inventory system will be decommissioned. Milk and beverage components will now be accounted for in the same manner as other product categories in the coffee shop,” stated an internal newsletter seen by Reuters. In February, the company reported improved product availability in stores thanks to the AI application. In a new comment to the agency, the firm stated that the service's discontinuation is linked to a decision to “standardize inventory counting across all coffee shops.” Reuters highlighted that employees welcomed the move away from automatic inventory. The idea “was great, but in practice proved difficult to implement.” Back in June 2024, McDonald’s abandoned IBM's AI technology for automated order taking due to customer complaints.

blockonomi.com China Bans Tiger, Futu, and Changqiao for Illegal Cross-Border Stock Trading

TLDR: The CSRC and eight departments launched a two-year plan to eliminate illegal cross-border brokerage services in China. Tiger Brokers, Futu Securities, and Changqiao Securities face full confiscation of illegal gains under Chinese securities law. Existing investors can only sell holdings during the rectification period; new buy transactions are fully prohibited by regulators. Legal channels [...] The post China Bans Tiger, Futu, and Changqiao for Illegal Cross-Border Stock Trading appeared first on Blockonomi.

blockonomi.com Shady UST Collapse Details Emerge as $GRUNTLE Presale Nears $111k Target

Unsealed court filings reveal that Jane Street liquidated massive positions right before the TerraUSD (UST) de-peg, highlighting a $40 billion collapse driven by hidden mechanics. As Bitcoin (BTC) retreats to $77,371 amid broader market uncertainty, retail buyers are shifting toward transparently structured early-stage projects like the Gruntle ($GRUNTLE) presale, which recently crossed $104,130 in its [...] The post Shady UST Collapse Details Emerge as $GRUNTLE Presale Nears $111k Target appeared first on Blockonomi.

news.bitcoin.com NEAR Jumps 30% as $36M Bitwise ETP Adds Weight to AI Token Thesis

The NEAR token jumped 30% to an intraday high of $2.25, marking a 70% increase since the start of May and briefly pushing its market capitalization past $2.9 billion. NEAR Token Surges Past $2 NEAR, the token of the artificial intelligence-native protocol Near, surged on Friday as it crossed the $2 threshold for the first […]

cryptopotato.com Bitcoin Price Prediction: Will BTC Stay Stuck in Consolidation Through the Weekend?

Bitcoin is trading at $77.3k to close out the week, locked in a consolidation that has now been running for nearly two weeks around the $75k–$80k range. The ascending channel from February is intact, the short-term support zone at $75k is holding, and the funding rates are positive again. This shows a market that is […]

themerkle.com KuCoin In The Spotlight For Alleged Complicity In Illicit Crypto Flows, Victim Appeals To ZachXBT

A cryptocurrency user, whose assets were stolen, has reignited the debate around user exchange culpability by offering $100,000 to blockchain investigator ZachXBT as a public bounty for finding his stolen funds. He claims 15 years of savings all vanished from a Trust Wallet account and were transferred to KuCoin which has been accused of ignoring requests from German cybercrime detectives. The emotional argument also reveals an ongoing problem in the crypto ecosystem where victims face challenges when stolen funds are followed to centralized platforms. The victim was able to monitor the state of assets, however attempts to get them back The post KuCoin In The Spotlight For Alleged Complicity In Illicit Crypto Flows, Victim Appeals To ZachXBT appeared first on The Merkle News.

bitcoinist.com Crypto IPO Momentum Builds As Blockchain.com Eyes Public Debut

Blockchain.com has processed over $1 trillion in crypto transactions since its founding in 2011 — and now the company wants Wall Street to take notice. The crypto exchange and wallet platform quietly filed confidential documents with US regulators for an initial public offering, joining a growing list of digital asset firms pushing toward public markets. […]

news.bitcoin.com Happy Bitcoin Pizza Day: Celebrating the $770 Million Delivery

On May 22, 2010, Laszlo Hanyecz completed one of the first BTC commercial transactions ever, exchanging 10,000 BTC for two Papa John’s pizzas, a milestone that still keeps being celebrated even in an age of institutional dominance over the cryptocurrency ecosystem. Bitcoin Pizza Day Keeps Being Celebrated Even After 16 Years While the bitcoin ecosystem […]

forklog.media Ethereum Foundation Faces Criticism Following Departure of Key Members

Dissatisfaction within the Ethereum community has intensified following the departure of several prominent researchers and developers from the Ethereum Foundation. The organization has not provided clear explanations, and critics have linked the situation to issues in governance, strategy, and a growing "brain drain" from the ecosystem.

forklog.media Proposal to Replace Ethereum Foundation with a $1 Billion Budget Structure

Former Ethereum Foundation (EF) researcher Dankrad Feist has proposed the creation of a new organization to support the Ethereum ecosystem. The structure is to receive initial funding of $1 billion. The way to save Ethereum: The community needs to create an organization that's economically aligned with Ethereum and accountable to it.The EF now holds less than 0.1% of all ETH. There is no flow of Ethereum staking or fee revenues to it. If we want to get Ethereum back to…— Dankrad Feist (@dankrad) May 21, 2026   According to him, the organization is intended to "save Ethereum." Feist stated that the EF currently controls less than 0.1% of the ETH supply and does not receive a steady cash flow from staking or network fees. His vision for the new structure is that it should be economically tied to Ethereum and accountable to the community. He also suggested forming a council of people who "want ETH to grow" and appointing a "competent leader who wants to fight." Signs of Crisis in EF Intensify The initiative comes amid criticism of the EF and a series of departures from the organization. In February, Tomasz Stanczak left his position as co-executive director, which he held for less than a year. In April, Josh Stark ended his five-year career in the foundation's leadership team. In May, leading developers Barnabé Monnot and Tim Beiko resigned from the organization's technical division, and Alex Stokes took a "creative break." Subsequently, two researchers left the organization — Karl Bick and Julian Ma. Part of the community believes that the EF is too focused on ideological issues and complex technical improvements instead of ecosystem development and promoting ETH. In its updated mandate, the organization enshrined the principle of minimal intervention in network development. Some tenets of the document explicitly indicated the EF's reluctance to focus on increasing the cryptocurrency's value. "Our main goal is not profit, organizational growth, or blind implementation at any cost," one section states. In the autumn of 2025, Feist left the EF and joined the development of the private blockchain Tempo by Stripe and Paradigm. This move puzzled some commentators, as the corporate network is an ideological antithesis to Ethereum. In March, the EF presented its new vision for the roles of the base layer and rollups, as well as a roadmap for protecting the network from quantum threats by 2029.

forklog.media AmericanFortress Proposes New Method to Shield Bitcoin from Quantum Threats

AmericanFortress has unveiled a post-quantum signature scheme aimed at safeguarding existing crypto assets, including "dormant" wallets from the Satoshi era containing 1.1 million BTC, as reported by CoinDesk. The protocol involves a backward-compatible soft fork and the use of zero-knowledge proofs. According to the developers, this mechanism will allow for the freezing and protection of vulnerable old-type Bitcoin addresses without the need for mass fund migration. This primarily concerns BIP-32 addresses, including wallets associated with Satoshi Nakamoto. AmericanFortress believes that once such coins are locked, the network's governance can decide their future. Options mentioned by the company's head, Michal Pospieszalski, include transferring, burning, or redistributing the funds. The topic gained renewed attention following a recent publication by Google Quantum AI. Researchers stated that many blockchains and cryptocurrencies still use ECDLP-256, and their assessments are directly applicable to secp256k1—the elliptic curve underpinning Bitcoin and Ethereum. Google added that post-quantum cryptography remains one of the most comprehensible paths for the long-term protection of such systems. Amidst this, the Bitcoin community is already discussing various network protection options. One of these is BIP-360, which proposes a new type of Pay-to-Merkle-Root outputs. The initiative's authors claim that this format retains functionality similar to Taproot, but eliminates vulnerability to quantum attacks of the key path spending type. CoinDesk notes that AmericanFortress's proposal differs from similar initiatives. The company focuses not on new addresses but on existing and long-inactive wallets. According to the developers, this will protect millions of coins without forcing owners to transfer funds. In May, AmericanFortress announced raising $8 million to develop quantum-resistant blockchain infrastructure. Earlier in May, BNB Chain developers reported the results of testing the network's transition to post-quantum cryptography. The experiment confirmed the blockchain's theoretical readiness for future threats but revealed a significant performance decrease.

forklog.media US Invests $2 Billion in Quantum Technologies Amidst Competition with China

The US Department of Commerce has allocated $2 billion to American companies engaged in quantum computing. The US administration will acquire minority stakes in these projects, reports WSJ. Half of the funds will go to IBM "to aid in the creation of supercomputers capable of solving some of the world's most pressing problems." The company will receive $1 billion through the CHIPS Act to establish Anderon—a separate enterprise for launching the first specialized quantum foundry in the US, located in Albany. IBM has also committed to invest an additional $1 billion of its own funds. Other recipients of government funds include: GlobalFoundries — $375 million; Rigetti — $100 million; D-Wave — $100 million; Infleqtion — $100 million; PsiQuantum — $100 million. Diraq — $38 million. The program will cover a total of nine companies. Rigetti separately confirmed signing a letter of intent with the US Department of Commerce for up to $100 million. The company stated that the funds will be directed towards research and development related to scaling superconducting quantum computers. The announcement also mentions that the department expects to receive a stake in the company proportional to the funding amount. PsiQuantum also announced a letter of intent for $100 million. It stated that, along with its own funding, the funds will be used to develop photonic components, packaging, and other technologies for scalable quantum systems and the American semiconductor industry. The program is part of Washington's broader strategy to support critical technologies and local supply chains. The US authorities are also preparing a separate directive to support the quantum industry. The government views this direction as key in technological competition with China. Sources from WSJ added that the scheme involving government participation is expected to benefit taxpayers if the companies' valuations increase. Back in May, Keeper Security CEO Darren Guccione stated that AI and quantum technologies will threaten existing security systems.

cryptobriefing.com US DOJ probes Iran’s use of Binance for sanctions evasion, reopening old wounds for the exchange

The investigation into Binance's compliance could lead to stricter regulatory oversight across the crypto industry, impacting costs and operations. The post US DOJ probes Iran’s use of Binance for sanctions evasion, reopening old wounds for the exchange appeared first on Crypto Briefing.

forklog.media DeepSeek to Challenge Claude Code and Codex with New Initiative

Chinese AI startup DeepSeek is assembling a new team to develop Code Harness, a tool for autonomous programming. This was announced by the company's engineer, Deli Chen. 🚀 We’re hiring! DeepSeek is forming a new Harness team to build Code Harness from the ground up—may be you can call it DeepSeek Code or something like this hhh🤣🤣🤣📍 Based in Beijing. Two roles open:🧠 Harness Product Manager → https://t.co/vb3aWbYV9L👨‍💻 Harness R&D;…— Deli Chen (@victor207755822) May 20, 2026 The developer posted two job openings on social media: a product manager and a research and development engineer. Both positions are based in Beijing. The new solution will directly compete with Claude Code from Anthropic and Codex from OpenAI. According to Chen, the team will build Code Harness "from scratch." He described the project as "DeepSeek Code or something like that." The job descriptions use the formula "model + harness = agent." By harness, they mean a layer on top of the LLM. It is responsible for managing context, planning steps, memory, tool invocation, file handling, terminal operations, testing, and feedback. DeepSeek aims to offer not just a code generation assistant, but an agent product for executing multi-step tasks in a development environment. Candidates are expected to have experience with Claude Code, Codex, Cursor, GitHub Copilot, Manus, and OpenClaw. Requirements also include understanding agent cycles, MCP, multi-agent systems, context management, and vibe coding. The team will work closely with DeepSeek researchers. DeepSeek V4 supports integration with Claude Code through an Anthropic-compatible API. The V4 Flash version, introduced on April 24, costs $0.14 per 1 million input tokens. In comparison, Claude Opus 4.7 is priced at $15 for the same volume. Back in February, Anthropic accused three Chinese AI startups—DeepSeek, Moonshot, and MiniMax—of a large-scale campaign to use Claude to enhance their own models.