Cardano Wallets Plummet 87% as SNEK Dev Highlights User Losses

World Liberty Financial (WLFI) said it is reallocating funds and confirming user identities after several wallets were compromised ahead of its platform launch. Related Reading: XRP Supply Shock Ahead? ETFs Could Consume It All, Analyst Predicts According to WLFI’s post on X, the company froze the affected addresses in September and has been verifying ownership before moving assets back to users who pass the checks. Wallet Breaches And Response Reports have disclosed that the breaches came from either phishing attacks or exposed seed phrases, not from WLFI’s own platform or smart contracts, the company said. WLFI described the problem as linked to third-party security failures and said only a “small subset” of users were hit — though it did not give exact figures on how many accounts or how much crypto was involved. 1/ Prior to WLFI’s launch, a relatively small subset of user wallets were compromised via phishing attacks or exposed seed phrases. Since then, we’ve tested new smart contract logic to safely reallocate user funds and verified users’ identity via KYC checks. Shortly, users who… — WLFI (@worldlibertyfi) November 19, 2025 On-chain data cited by analyst Emmett Gallic of Arkham shows WLFI executed an emergency action that burned 166.67 million WLFI tokens, a move valued at $22.14 million from a compromised address, and then shifted tokens to a recovery address. That firewall step appears intended to limit further loss while the company sorts ownership questions. World Liberty Fi executed an emergency function burning 166.667M $WLFI ($22.14M) from compromised address, reallocating to a recovery address. Function designed for two scenarios: An investor loses wallet access before vesting OR malicious account acquires WLFI via exploit pic.twitter.com/VSUDWhDPCR — Emmett Gallic (@emmettgallic) November 19, 2025 Regulatory Spotlight Grows The timing of the security disclosure has drawn extra attention. Based on reports, Senators Elizabeth Warren and Jack Reed asked the DOJ and Treasury to review alleged WLFI token sales tied to sanctioned parties. Their letter referenced a watchdog report from Accountable.US that linked transactions to the Lazarus Group — a North Korea-linked actor on sanctions lists — and to an Iranian crypto exchange. It remains unclear whether the wallet compromises are related to the transactions lawmakers flagged. Experts Question On-Chain Findings Security researchers have pushed back on some of the watchdog’s claims. Taylor Moynahan of MetaMask and Nick Bax of Ump.eth said the Accountable.US analysis misread certain on-chain activity. Another day in crypto with wild allegations. Today, it’s that a North Korea-linked address invested in WLFI. I do a some DPRK crypto research myself, so I decided to take a look at their findings. They’re bad and an innocent user is out $100k because of it🧵 pic.twitter.com/yJKEH04nup — Nick Bax.eth (@bax1337) November 18, 2025 Related Reading: With 42% Of XRP Holders Underwater, Analysts Say The Altcoin Could Crash Even Further Bax argued that the report mistakenly connected a wallet tied to an individual known as “Shryder” with DPRK-linked activity, which led to the freezing of roughly $95,000 in WLFI tokens. WLFI has responded by emphasizing user protection and compliance. The company said it prioritized freezing vulnerable wallets and verifying rightful owners before any transfers. It also announced tests of revised smart contract logic meant to reduce the chance of similar breaches in future rollouts. Featured image from Gemini, chart from TradingView

The post Vietnam focuses on digitization; China’s SMEs transform appeared on BitcoinEthereumNews.com. Homepage > News > Business > Vietnam focuses on digitization; China’s SMEs transform Vietnam has reiterated its commitment to digitizing key sectors of its economy with emerging technologies, achieving a string of early successes since the start of the year. Prime Minister Pham Minh Chinh revealed that the next phase of digitization will be characterized by “rapid, robust, and sustainable development,” marked by a special focus on security and safety. Chinh disclosed the government’s stance at the fifth meeting of the Government’s Steering Committee on Science, Technology, and Innovation, urging agencies to be frenzied in their approach. Going forward, the Prime Minister highlights six priority tasks for government agencies to undertake in the pursuit of national digitization. Agencies will focus on completing all ministry- and locality-level databases, with the second task focusing on strengthening institutions spearheading digital transformation. The Southeast Asian nation will place a keen focus on the grassroots development of digital systems, advancing the “Digital Literacy for All” in rural areas. In line with the desire to protect enterprises, the government will allocate priority to data security, with relevant agencies mandated to introduce real-time monitoring tools. The push toward national digitization will be underscored by the measurement of KPIs for evaluation. By the end of November, the Prime Minister expects the restructuring of online public services with full compliance with data-connectivity regulations by the end of the year. The Prime Minister noted that while previous efforts have yielded impressive results, there are still key loopholes to be addressed in Vietnam’s push. He identified the lack of key national databases and an uneven digital infrastructure as the foundation required to support the digitization drive. Chinh added that a lopsided resource allocation system and dire shortages in talent, particularly in artificial intelligence (AI) and blockchain, are headwinds affecting nationwide digitization.…

Ripple Labs is considering adding staking to the XRP Ledger (XRPL). Integrating staking would require major design and reward distribution changes. Continue Reading:XRP Ledger Considers Integrating Staking to Boost Network Utility The post XRP Ledger Considers Integrating Staking to Boost Network Utility appeared first on COINTURK NEWS.