[News Brief] Apr 22, morning | Summer.fi suffers attack, about $6 million stolen

Summer.fi suffers attack, about $6 million stolen

According to Blockaid monitoring, Summer.fi is currently under attack, and about $6 million has been stolen so far.

The specific attack method and whether there are additional losses have not yet been disclosed.

Wallet generation flaw 'Ill Bloom' continues to be exploited, leaving thousands of accounts exposed

The wallet generation vulnerability known as 'Ill Bloom' is reportedly being exploited, leaving thousands of accounts still at risk. The affected wallets reportedly span Bitcoin, Ethereum and L2s, Tron, and Solana.

According to PANews, Coinspect Security said the 'Ill Bloom' vulnerability is being abused 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 created until a few weeks ago. It added that this was not an issue limited to a single software wallet.

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

Coinspect released a tool to check affected addresses and urged wallet providers to integrate weak mnemonic detection features. SlowMist CISO 23pds also said they are tracking the related randomness vulnerability risk and advised users to check whether they had used old mnemonics.

Binance suspends trading services in France and some European countries due to MiCA license delay

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

As a result, users in France can now only withdraw assets, while spot and margin trading have been suspended. 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. Even so, Binance still manages approximately $114 billion in crypto assets.

South Korea’s Supreme Court moves to formalize civil enforcement and liquidation procedures for virtual assets

South Korea’s Supreme Court has proposed amendments to institutionalize civil compulsory enforcement and liquidation procedures for virtual assets.

According to PANews, the court announced a proposed amendment to part of the Civil Execution Rules on July 2, will collect public feedback until Aug. 11, and plans to implement it on Oct. 1.

The amendment includes seizure, prohibition of disposal, and liquidation procedures for claims to transfer virtual assets as well as for the virtual assets themselves. Once a court seizure order takes effect, a third-party obligor’s transfer of assets and the debtor’s disposal rights will be restricted.

Seized virtual assets may be liquidated through transfer orders or sale orders. Sale methods include entrusting a virtual asset service provider, transferring the assets to a court enforcement officer’s account for sale, or exchanging them into highly liquid virtual assets before selling them.

XRP spot ETFs record $17.19 million in net inflows from June 28 to July 2

Odaily, citing SoSoValue data, reported that XRP spot ETFs recorded $17.19 million in net inflows from June 28 to July 2, U.S. Eastern Time.

The product with the largest weekly net inflow was the Bitwise XRP ETF, which attracted $7.919 million. Its cumulative net inflows now stand at $501 million.

The Canary XRPC ETF saw net inflows of $6.3886 million over the same period, bringing cumulative net inflows to $467 million.

As of the time of reporting, total net assets in XRP spot ETFs stood at $988 million, and the ratio of ETF net assets to XRP’s total market capitalization was 1.47%. Cumulative net inflows were $1.49 billion.

GateToken completes Q2 2026 on-chain burn, destroys 2.57 million GT

According to PANews, GateToken (GT) completed its on-chain burn for the second quarter of 2026. A total of 2,570,063.3829548 GT was transferred to a burn address, with the burn value exceeding $17.75 million.

Since the launch of the GateChain mainnet in 2019, cumulative burns have reached 189,947,219 GT. Based on average quarterly prices, the cumulative burn value has exceeded $1.311 billion, and total supply has decreased by about 63.32% from the initial 300 million tokens.

GT is used as the gas token of the Gate layer. Gate said it will continue its long-term burn mechanism alongside the expansion of ecosystem applications such as Gate Puff DEX, Gate Fun, Gate Meme Go, and Gate Swap.

About 190.64 million USDC transferred to Aave

According to Whale Alert, about 190.64 million USDC, worth roughly $190.59 million, was transferred from an anonymous wallet to Aave.

The transaction was identified on the Ethereum network as a large-scale stablecoin movement. Aave is a major DeFi protocol that supports crypto deposits and lending.

Newly created wallet withdraws 323.72 BTC from Binance

A newly created wallet withdrew 323.72 BTC from Binance, worth about $20.59 million.

PANews, citing Onchain Lens monitoring, reported that the withdrawal took place within the past hour.

2,370 BTC transferred from OKX to an unidentified wallet

Whale Alert said on the 5th (local time) that 2,370 BTC was transferred from OKX to an unidentified wallet.

The transfer was worth about $148.5 million. Large flows of funds moving from an exchange to an external wallet may be interpreted as a sign of easing sell pressure, but a single on-chain transfer alone is not enough to determine market direction.

Ethereum breaks above $1,800

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