EP 60
Binance Warns on Web3Auth Security as TVL Climbs
In this episode
CZ issued a security warning regarding social wallet logins following an exploit involving Web3Auth, while also announcing support for outgoing Binance CFO Kaiser's new venture. On-chain, BSC total value locked gained 1.41% to reach $5.15B, driven by lending inflows on Venus Core Pool.
- CZ warned users with crypto wallets linked to social logins to review their security after a Web3Auth incident, reiterating that self-custody requires self-responsibility.
- Binance CFO Kaiser announced his departure after five years to build a Web3 and tokenization startup, handing the CFO role to Justin, with CZ stating YZiLabs is keen to back him.
- BSC total value locked rose 1.41% in 24 hours to $5.15B, led by a 5.35% increase in Venus Core Pool TVL to $1.14B.
- Web3Auth reported moving $5.6M out of exposed Keplr wallets to frontrun attackers following a security issue that prompted embedded wallet service pauses.
- Binance launched a limited-time Spot Taker Program promotion and released Recovery Update #9 reopening withdrawals for additional assets.
- Binance announced cash dividend distribution support for IBM, AAPL, GLW, and LLY via bStocks.
- BSC launchpad gang.fun rolled out a Promoter Share feature on mainnet via CLI 0.34.0+, enabling promoters to earn continuous fee splits on trades even after token graduation.
- The Crypto Fear & Greed Index rose three points from 25 to 28, remaining in Fear territory as BTC traded at $75,764.0.