Gondi faced a $230,000 exploit from a faulty Sell & Repay contract version deployed on February 20, leading to significant NFT theft.
The Gondi team is actively compensating users with protocol fees and tracking stolen NFTs to restore them to their original owners.
An exploit on the Gondi NFT platform resulted in 78 NFTs being drained across approximately 40 transactions to an address labeled GONDI Exploiter on Etherscan. The platform is working to make affected users whole following the incident. Users who participated in the protocol should verify their NFT holdings to confirm if they were impacted.
Cryptocurrency assets and crypto-related stocks gained on Monday afternoon following comments from U.S. President Donald Trump suggesting a potential resolution to the Iran conflict. Market participants often view reduced geopolitical tensions as supportive for risk assets like cryptocurrencies. The broader crypto market sentiment reflected cautious optimism during the trading session.
According to the World Gold Council, investment demand for gold has remained resilient even as prices experience volatility. The council’s representative Cavatoni highlighted that strong demand fundamentals continue to support the gold market, suggesting that price fluctuations have not deterred investors from maintaining exposure to the precious metal.
The Trump administration’s cybersecurity framework has identified cryptocurrency and blockchain as technologies requiring federal protection in a new presidential strategy document. This marks the first time a U.S. presidential cybersecurity strategy has explicitly named crypto assets and blockchain infrastructure as priorities for federal safeguarding, signaling a shift in how the federal government approaches digital asset security at the national level.
A transfer of 350 million USDC (approximately 349.97 million USD) moved from the USDC Treasury to Coinbase. The transfer represents a significant movement of the stablecoin but does not indicate price pressure, as USDC maintains its $1.00 peg. Such treasury movements are routine for stablecoin issuers managing liquidity across major exchanges.
Jito Foundation took over SolanaFloor, which provides analytics and reporting on the Solana ecosystem. The acquisition follows the platform’s closure due to a breach at its parent Step Finance.
The Jito Foundation aims to relaunch SolanaFloor, enhancing coverage of Solana’s developments while focusing on the advancement of the Jito protocol, particularly in liquid staking.
Jito Foundation has acquired SolanaFloor, a platform focused on Solana ecosystem journalism, days after its parent company Step Finance suffered a $40 million treasury wallet breach that led to the platform’s shutdown.