Tag: Devs

Zerebro dev’s death in question as ‘proof’ surfaces on X

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Members of the crypto community are circulating apparent “proof” that Zerebro developer Jeffy Yu faked his suicide as he promoted his new memecoin during a Pump.fun livestream on May 4. The belief appears to come from an unverified private letter supposedly sent by Yu to a Zerebro investor, trading activity linked to crypto wallets owned by Yu, and the removal of his obituary from Legacy.com. Others speculate that Yu used a tool to pass off a pre-edited video as if it were filmed in real-time during the Pump.fun livestream. Source:…

Solana Devs Patch Critical Bug — Will SOL Price Rebound

Key Notes Despite no reported exploits, the Solana Foundation faced community criticism for its private communication with validators during patching. After a 20% recovery in April, SOL price is consolidating near $150 and targeting a rally to $200 and beyond. Solana has achieved significant milestones, with meme coin trading boosting the blockchain’s revenue. Developers and validators at the Solana Foundation have fixed a critical bug that allowed attackers to potentially mint certain tokens on the blockchain and even withdraw them from user accounts. Despite consolidation under $150 over the past…

Solana devs fix bug that allowed unlimited minting of certain tokens

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The Solana Foundation has confirmed that a zero-day vulnerability that allowed an attacker to potentially mint certain tokens and even withdraw those tokens from user accounts has been fixed.  A May 3 post-mortem from the Solana Foundation said that the security vulnerability, first discovered on April 16, could have allowed an attacker to forge an invalid proof affecting Solana’s privacy-enabling “Token-22 confidential tokens.” There is no known exploit of the vulnerability, and Solana validators have since adopted the patched version, the foundation said. Solana zero-day security bug affected Token-22 confidential…

Devs introduce Ethereum R1 layer-2 scaling solution

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A group of developers within the Ethereum ecosystem, operating independently of the Ethereum Foundation, have announced Ethereum R1 — a layer-2 (L2) scaling solution for the Ethereum network that does not include a native token. According to the announcement, the project relies entirely on donations, does not have venture funding, and does not have any pre-mined token allocations or a governance token. The project’s team wrote in a May 1 X post: “General-purpose L2s should be commodities — simple, replaceable, and free from centralized dependencies or risky governance. Ethereum R1…

Crypto group asks Trump to end prosecution of crypto devs, Roman Storm

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The crypto lobby group, the DeFi Education Fund, has petitioned the Trump administration to end what it claimed was the “lawless prosecution” of open-source software developers, including Roman Storm, a creator of the crypto mixing service Tornado Cash. In an April 28 letter to White House crypto czar David Sacks, the group urged President Donald Trump “to take immediate action to discontinue the Biden-era Department of Justice’s lawless campaign to criminalize open-source software development.”  The letter specifically mentioned the prosecution of Storm, who was charged in August 2023 with helping…

North Korean hackers set up 3 shell companies to scam crypto devs

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A subgroup of the North Korea-linked hacker organization Lazarus set up three shell companies, two in the US, to deliver malware to unsuspecting users. The three sham crypto consulting firms — BlockNovas, Angeloper Agency and SoftGlide — are being used by the North Korean hacker group Contagious Interview to distribute malware through fake job interviews, Silent Push Threat Analysts said in an April 24 report. Silent Push senior threat analyst Zach Edwards said in an April 24 statement to X that two shell companies are registered as legitimate businesses in…

North Korean hackers target crypto devs with fake recruitment tests

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North Korean hackers linked to the $1.4 billion Bybit exploit are reportedly targeting crypto developers using fake recruitment tests infected with malware.  Cybersecurity outlet The Hacker News reported that crypto developers have received coding assignments from malicious actors posing as recruiters. The coding challenges have reportedly been used to deliver malware to unsuspecting developers. Malicious actors approach crypto developers on LinkedIn and tell them about fraudulent career opportunities. Once they convince the developer, the hackers send a malicious document containing the details of a coding challenge on GitHub. If opened,…

Ethereum devs prepare final Pectra test before mainnet launch

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Ethereum developers are under pressure as the Pectra upgrade rolls out to a new testnet following several unexpected issues that have delayed its deployment to the mainnet. The Pectra upgrade, which was expected to hit the Ethereum mainnet in March, was deployed into the network’s Holesky testnet on Feb. 24. However, the upgrade failed to finalize on the network, prompting developers to investigate and address the causes.  On March 5, the update was rolled out to the Sepolia testnet. However, developers again encountered errors, which were made worse by an…

Arbitrum devs launch incubator-style program ‘Onchain Labs’

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Offchain Labs, the developers of Ethereum layer-2 network Arbitrum, have announced a partnership with the Arbitrum Foundation to launch a new incubator-style program called Onchain Labs. According to a March 17 post by Offchain Labs, the new incubator is aimed at rapidly adding to Arbitrum’s existing decentralized application (DApp) offerings with a particular focus on supporting “innovative and experimental” projects.  Offchain Labs said this support will primarily come in the form of product and go-to-market advice and won’t provide engineering or other operational resources.  It also added that while it’s…

Devs Debate Tech Upgrades to Top Crypto

Proposed soft forks percolate up from the bitcoiner community. They undergo study and debate, and if they find sufficient interest, get a Bitcoin Improvement Proposal (BIP) number. From there, they face more debates, security reviews, debates, and also debates. BIPs that win community consensus (whatever that means) must then be activated as a soft fork – a mechanism that itself is up for debate. Source