Chun Wang deposited $6.73 million worth of ETH and WBTC into Binance

[Blockaid Discloses Correctness Vulnerability in Reth Client; No Losses Reported] Blockaid has disclosed a correctness vulnerability in its Reth execution client and related clients such as op-reth. This vulnerability causes some nodes in certain blocks to calculate incorrect state roots. No losses have been reported so far. Gauntlet has restricted V1 treasury deposits and suspended asset allocation for some OP Stack chains reporting the op-reth vulnerability.

The price of BTC fell toward the 200-day moving average, marking its first approach to this support level since mid-August. Long positions were liquidated for $265 million in the past 12 hours, with funding rates near 0%, as weakness in the AI sector continues to impact prices. (Bitcoin Archive)

Drone delivery company Zipline has completed a new $1.5 billion funding round, bringing its post-money valuation to $21.5 billion, approximately 2.8 times its $7.6 billion valuation in January of this year. This funding round was led by Paradigm, WCM Investment Management, and Layer Global, with participation from Valor Equity Partners, Fidelity Management & Research Company, Uber, Tiger Global, JPMorgan Chase, ARK Invest, and Salesforce Ventures. The funds will be used for domestic manufacturing and hiring in the United States. (Source: Bloomberg)

[Gauntlet Restricts V1 Vault Deposits and Suspends Asset Allocation] Risk management firm Gauntlet has taken measures to address an op-reth vulnerability reported by some OP Stack chains, including closing the V1 Vault supply queue, suspending asset allocation, and reducing exposure to LayerZero bridge assets. Gauntlet stated that no exploits of the vulnerability have been reported. Clearing the supply queue will prevent new vault deposits, but this measure will not close withdrawals or the underlying lending market; withdrawals depend on available liquidity in the underlying market. Gauntlet stated that these measures will remain in effect until the issue is resolved, without providing a resumption date. (Source: The Defiant)

A Chainalysis report indicates that the $6.3 billion in crypto assets stolen by the Binance hack are being transferred through thousands of wallets and multiple blockchains, with some funds already flowing into money laundering networks in China.