[News Brief] Apr 22, morning | Wallet Generation Flaw 'Ill Bloom' Exploited, Exposing Thousands of Accounts to Risk

Wallet Generation Flaw 'Ill Bloom' Exploited, Exposing Thousands of Accounts to Risk

The wallet generation vulnerability 'Ill Bloom' has reportedly been exploited, leaving thousands of accounts still exposed to risk. The damage is understood to span Bitcoin, Ethereum and its L2s, Tron, and Solana wallets.

According to PANews, Coinspect Security said the 'Ill Bloom' vulnerability is being exploited by attackers and could lead to the theft of funds from affected wallets.

Coinspect explained that the flaw has affected multiple blockchain wallets since 2018, and vulnerable wallets were still being generated until just a few weeks ago. It was not an issue limited to a single software wallet, the firm noted.

According to Coinspect, as of May 27, about $3 million had been stolen from hundreds of accounts, and roughly $2 million more was transferred out of exposed wallets in recent hours.

Coinspect released a tool for checking affected addresses and urged wallet providers to integrate detection for vulnerable mnemonics. SlowMist CISO 23pds also said the team is tracking the risks tied to the related randomness flaw and advised users to check whether they had used old mnemonics in the past.

Binance Suspends Trading in France and Parts of Europe After Failing to Secure MiCA License

Wu Blockchain, citing BFM Business, reported that Binance suspended trading services in France and some other European countries from July 1 after failing to secure a MiCA license by the deadline.

As a result, users in France can only withdraw assets, while spot and margin trading have been halted. Binance said it previously had about 2 million users in France and that user funds remain safe.

On-chain data shows Binance saw about $1.6 billion in net outflows over the past month. However, the exchange still manages roughly $114 billion in crypto assets.

Ethereum Breaks Above $1,800

Ethereum has broken above $1,800.

According to Odaily, ETH was trading at $1,800.01 on OKX, with a daily gain of 1.42%.

Delay in U.S. Clarity Act Process; Market Watches August 7

Odaily reported in its July 6 morning briefing that key developments included delays in the U.S. crypto regulation bill Clarity Act, rising trading volume in Polymarket's World Cup prediction market, and higher gold prices.

The Clarity Act was not signed into law on July 4, and the market is now viewing August 7 as the next key date. The bill has drawn attention for its aim to establish a clearer market structure for digital assets in the United States.

Polymarket's World Cup winner prediction market surpassed $3.9 billion in trading volume. France's implied odds of winning rose to 35.1%.

Spot gold hit a two-week high, rising above $4,200 per ounce. Samsung Electronics is expected to post a second-quarter operating profit increase of 18 times year-on-year, driven by demand for AI semiconductors.

President Trump is expected to meet Ukrainian President Volodymyr Zelensky and the Syrian president during the NATO summit. SemiAnalysis reported that Nvidia's Kyber NVL144 launch has been delayed by more than 12 months to 2028.

Garrett Jin also reportedly expanded his ZEC short position further, with total exposure valued at $15.08 million and an unrealized loss of $530,000.

BM Wallet Launches Prediction Market Feature in Self-Custodial Web3 Wallet

According to Odaily, self-custodial Web3 wallet BM Wallet has launched a prediction market feature.

Users can participate in real-world event predictions directly inside the wallet, with settlement conducted in stablecoins. No asset transfer is required, and users retain control of their own private keys.

BM Wallet has integrated liquidity from prediction market platform Polymarket, and its initial offering covers the World Cup, with support extending to crypto and political topics. The service is currently available in selected regions.

Coinbase Prediction Market AI Alert Triggers Controversy Over Error

According to BeInCrypto, an AI alert from Coinbase's prediction market incorrectly reported the result of a World Cup match that had not yet started over the weekend. The notification falsely claimed Norway had beaten Brazil 3-2, drawing criticism from users.

Coinbase CEO Brian Armstrong said he is investigating the matter with the team. The error came despite Coinbase having promoted prediction markets as a reliable information tool.

Coinbase had previously faced controversy over its AI coding tool and push notification location errors. The latest incident has renewed concerns about AI safety and verification systems in financial products.

New Wallet 0x016 Deposits 2.67 Million USDC to Hyperliquid and Opens LIT Long Position

According to Onchain Lens monitoring, newly created wallet 0x016 deposited 2.67 million USDC into Hyperliquid and opened a 2x leveraged long position in 1.62 million LIT.

The wallet is currently showing more than $330,000 in unrealized profit.

Gate Data: BTC and ETH Volatility Indexes Rise

Odaily, citing Gate data, reported that gold fell 0.07% intraday to $4,180.97 per ounce, while WTI crude declined 0.45% to $68.66 per barrel.

Silver rose 0.35% to $62.685 per ounce. The BTC Volatility Index (BVIX) rose 0.93% to 40, while the ETH Volatility Index (EVIX) gained 0.43% to 53.69.

In foreign exchange markets, the USD/CNH exchange rate rose 0.05% to 6.78441, while USD/JPY increased 0.18% to 161.531. The Euro Stoxx 50 gained 0.47%, the UK's FTSE 100 rose 0.09%, and Germany's DAX 40 also added 0.09%.

South Korea Launches 24-Hour USD/KRW Spot FX Market to Internationalize the Won

South Korea has launched a 24-hour onshore USD/KRW spot foreign exchange market in an effort to increase the won's international usage.

According to Odaily, the Korean spot FX market now operates continuously for 120 hours a week, opening at 6 a.m. on Monday and running until 6 a.m. on Saturday.

Deputy Prime Minister and Finance Minister Koo Yun-cheol said the move would serve as "an important starting point for the globalization of the won."

Address Holds Leveraged Long Positions in Hynix and Micron

According to Odaily, on-chain analyst Ai Yi said one address holds $7.8 million worth of a 3x long position in Hynix (SKHX) and $8.3 million worth of a 4x long position in Micron (MU).

The entry price for the Hynix 3x long was $1,604, and the address reportedly plans to deploy an additional $6 million if Hynix falls into the $1,400-$1,500 range. The two positions are currently showing a combined unrealized loss of $590,000.