KEYTAKEAWAYS
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WOO X lost $14M in a multi-chain exploit but pledged full user compensation and is working with security firms to prevent further losses.
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Resolv activates profit-based fees, distributing revenue to stakers and funding ecosystem growth, with increasing transparency via a real-time dashboard.
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Anchorage and Ethena launch USDtb, the first GENIUS Act-compliant stablecoin, aiming to attract institutional capital with full regulatory alignment.
CONTENT
WOO X LOSES $14M IN EXPLOIT, VOWS FULL USER COMPENSATION
According to blockchain security firm Cyvers Alerts, WOO X has suffered a major exploit involving multiple suspicious transactions across BTC, ETH, BNB, and ARB networks. Notably, a suspicious wallet on Ethereum received $1M in USDT from WOO’s hot wallet and converted it to ETH. Another $7.3M in assets were transferred to a new address. After internal investigation, the WOO team confirmed the total losses amounted to $14 million.
WOO X has pledged to fully reimburse all affected users and is currently working with external security firms and other exchanges to prevent further outflows. While the platform’s swift response and compensation commitment are commendable, the incident has reignited concerns over exchange security and transparency. Strengthening security frameworks remains an urgent priority for crypto platforms moving forward.
RESOLV ENABLES PROTOCOL FEE MECHANISM TO REWARD STAKERS
Resolv has activated its protocol fee mechanism starting this month. Under the new structure, the platform will charge fees only when generating profits, with a portion of daily revenue distributed to RESOLV stakers. Fees will gradually increase—from 2.5% in the first week to 10% from the fourth week onward. All proceeds will be allocated to long-term value creation, including ecosystem development, grants, product enhancements, and token alignment programs such as buybacks.
A transparent dashboard will allow users to track fee usage and fund distribution. This move aligns incentives for long-term RESOLV holders while supporting Resolv’s expansion across DeFi, fintech, and institutional finance. Still, the platform’s ability to ensure transparency and effective use of funds will be critical to gaining user trust and sustaining growth.
ANCHORAGE AND ETHENA LAUNCH FIRST GENIUS-COMPLIANT STABLECOIN USDtb
Anchorage Digital has partnered with Ethena Labs to launch USDtb, the first stablecoin compliant with the newly signed GENIUS Act. As the only federally chartered crypto bank in the U.S., Anchorage will issue USDtb domestically through its stablecoin issuance platform, offering institutional clients a compliant and secure way to access digital dollars.
This partnership marks a major milestone in the regulatory evolution of stablecoins. With GENIUS Act requirements—such as 100% USD backing—USDtb represents a next-generation product aligned with both crypto innovation and regulatory standards. The move is expected to accelerate the adoption of compliant stablecoins and could draw more institutional capital into the Web3 space, particularly as traditional finance players explore blockchain-based solutions.
