The Polygon network successfully implemented a hard fork to resolve a critical software bug that caused several nodes to fall out of sync with the blockchain. This disruption briefly halted consensus and transaction validation, raising concerns about reliability on the popular Ethereum scaling solution.

World Liberty Financial (WLFI) token holders are being targeted by hackers exploiting Ethereum’s EIP-7702 upgrade, according to blockchain security firm SlowMist. The exploit, dubbed the “classic EIP-7702 phishing attack,” allows attackers to plant malicious delegate contracts within victim wallets once private keys are leaked. When unsuspecting users transfer Ether or receive WLFI tokens, the exploit lets hackers quickly drain the assets.

A coalition of major crypto exchanges, payment platforms, law enforcement agencies, and security researchers has launched the Beacon Network, a real-time crypto crime response system designed to track and freeze stolen digital assets. Spearheaded by TRM Labs, the Beacon Network enables verified members to flag suspicious wallet addresses, trace illicit funds across blockchains, and share information instantly with participating exchanges and authorities.

Andreessen Horowitz (a16z) and the DeFi Education Fund (DEF) jointly urged the U.S. Securities and Exchange Commission to establish a “safe harbor” for certain blockchain applications, particularly DeFi and NFT apps, so their developers aren’t automatically treated as broker-dealers under the Exchange Act.

MEV is the profit miners can make by manipulating the order of transactions in a blockchain block.