IllBloom vulnerability puts thousands of accounts at risk, with $5 million stolen

BNK Busan Bank has completed a pilot of Korean won stablecoin infrastructure on Kaia Chain for use in digital local currency scenarios. This PoC was jointly participated by K-STAR Alliance partners AhnLab Blockchain Company, Lambda256, and Open Asset. The test results showed a transaction success rate of 100% and a processing time of less than 1 second.

Goldman Sachs predicts that the Japanese yen will fall to 165 to 1 US dollar within one year, down from the forecast of 155. Strategist Fishman pointed out that the pressure of yen depreciation comes from Japan's fiscal pressure, high US bond yields, and slow interest rate hikes by the Bank of Japan. Hedge funds' bearish bets on the Japanese yen hit a new high since 2017 last month, and the market believes there is a 72% probability that the US dollar will rise to 165 against the Japanese yen in June next year. Goldman Sachs predicts that the USD/JPY exchange rate will be 162 in three months and 163 in six months, compared to the forecast of 160 and 158, and believes that the official intervention effect will be short-lived.

OKX-OKB/USDT is currently trading at $79.96, with a 5-minute drop of 0.01%. Please pay attention to market fluctuations.

According to South Korean media reports, Kim Yong gun, President and Head of Business Strategy at Samsung Electronics Device Solutions, stated at a DS department management meeting on July 3 that this year's operating profit is expected to meet market consensus, at around KRW 30 trillion, or approximately USD 200 billion, which exceeds Samsung Electronics' cumulative profit in the semiconductor business over the past 40 years.

Coinspect Security has revealed a wallet generation vulnerability called IllBloom, which has been affecting multiple blockchains since 2018 and still puts thousands of accounts at risk. On May 27th, hundreds of accounts were hacked with about 3 million US dollars, and recently about 2 million US dollars have been transferred from exposed wallets. Coinspect Security has launched an affected address checking tool and called on wallet providers to integrate lightweight weak mnemonic word detection functionality.