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GameFi Guides

New Solana Consensus ‘Alpenglow’ Enters Community Vote

by admin August 18, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Solana core developers have pushed a sweeping consensus overhaul, “Alpenglow” (SIMD-0326), into the ecosystem’s formal governance track, setting up a validator vote that, if approved, would replace TowerBFT and re-architect finality and validator incentives on mainnet-beta. The proposal’s authors—Quentin Kniep, Kobi Sliwinski, and Roger Wattenhofer—describe Alpenglow as “a major overhaul of Solana’s core consensus protocol,” designed to supplant “the existing Proof-of-History and TowerBFT mechanisms” with a design that targets block finalization “as low as 100–150 milliseconds.”

Voting Process For Solana ‘Alpenglow’ Starts

The governance post lays out a three-phase timeline: discussion through epochs 833–838, stake-weight capture in epoch 839, and a binding vote across epochs 840–842 using claimable vote tokens sent to “Yes,” “No,” or “Abstain” accounts. Passage hinges on a supermajority threshold: Yes must be at least two-thirds of Yes+No, with a 33% quorum that counts abstentions. As of today, Solana is in epoch 834, making the discussion window active and the vote window scheduled several epochs out.

At the heart of Alpenglow is Votor, a direct-vote, leader-pipelined finality protocol that shifts Solana away from on-chain vote transactions and heavy gossip toward off-chain vote exchange with local signature aggregation. Validators vote to notarize or skip blocks; leaders aggregate those votes eight slots later and submit compact proofs. The authors argue this design cuts latency dramatically and reduces bandwidth, while a “20+20” liveliness model aims to tolerate up to 20% adversarial and 20% unresponsive validators without halting progress. “Alpenglow… enables much lower latency, improved fault tolerance, and generally greater protocol efficiency,” the post asserts.

The upgrade also rewires validator economics. Because voting moves off-chain, the SIMD introduces a Validator Admission Ticket (VAT), a fixed per-epoch fee “initially set to 1.6 SOL per epoch,” burned to maintain an economic barrier roughly comparable to today’s on-chain vote-fee regime. Validators are “required to cast exactly one valid vote per slot”; conflicting votes are detectable, and persistent non-participation renders a validator ineligible for rewards and at risk of removal from the active set.

Leaders receive compensation equal to the per-slot vote rewards of the votes they aggregate, plus a flat bonus when they include fast-finalization/finalization certificates. In a follow-up thread post, Wattenhofer explains the 1.6 SOL figure as approximately 80% of current vote costs to ensure no operator is worse off at the “AlpenSwitch.”

If adopted, Alpenglow would make a visible semantic change at the client layer: the authors note that optimistic confirmation would be superseded by actual finality at sub-second timescales. The stated aim is to bring confirmation latencies in line with Web2 user expectations while tightening safety guarantees that were harder to formalize under TowerBFT. The proposal’s documentation points readers to a 50+ page white paper and independent analyses, but emphasizes that the initial rollout focuses on finalization and voting; a new data dissemination protocol, Rotor, would follow in a separate SIMD.

Governance mechanics for the vote mirror Solana’s prior advisory processes but with higher stakes. Vote tokens will be claimable via an adapted Merkle distributor; validators then send those tokens to the designated choice accounts during the epoch-bounded window. The foundation’s governance post states, “If the sum of Yes votes is equal to or greater than 2/3 of the total sum of Yes + No votes, the proposal will pass,” and “Abstain” contributes to quorum but not to the supermajority tally. Stake weights and a public tally script will be published for independent verification.

Community feedback has quickly homed in on operational risk and rollout discipline. One validator-oriented response urges the SIMD authors to embed “a testing, deployment and fallback plan” before a mainnet decision, likening the scope of change to other industry-scale protocol transitions. Others probe specifics around the VAT level, transaction expiry in a post-PoH world, leader equivocation handling, and effects on MEV auctions and client UX when slices of a block are ignored under certain failure modes. These threads underscore that while the performance headline—150 ms finality—is eye-catching, the vote will likely hinge on the comfort level with safety proofs, incentive edge-cases, and the migration path.

At press time, SOL traded at $181.89.

SOL rejected at the 0.786 Fib, 1-week chart | Source: SOLUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 18, 2025 0 comments
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Solana price path to $200 stalls as transactions and addresses jump
Crypto Trends

Solana validators vote on Alpenglow proposal to cut finality

by admin August 18, 2025



Solana’s validator community has begun voting on SIMD-0326, the Alpenglow proposal, a upgrade designed to replace the current TowerBFT consensus mechanism with a faster, simpler, and more resilient system. 

Summary

  • Solana validators are voting on SIMD-0326, the Alpenglow upgrade.
  • Proposal cuts block finality from 12.8s to 100–150ms using off-chain voting.
  • Community split on the 1.6 SOL Validator Admission Ticket and testing risks.

If approved, Alpenglow proposal would reduce block finality from 12.8 seconds to as little as 100–150 milliseconds, putting Solana’s (SOL) performance closer to Web2 infrastructure.

How Alpenglow works

Developed by Anza, a Solana-focused research team, Alpenglow introduces direct voting, signature aggregation, and a Validator Admission Ticket fee to streamline participation and cut bandwidth costs. Validators will trade votes off-chain rather than on-chain, with cryptographic proof attesting to consensus. 

The system is built around Votor, a lightweight voting protocol that finalizes blocks in one or two rounds depending on validator support. Blocks can be certified in a single round with at least 80% approval or in a second round with a 60% threshold. This design reduces network load by eliminating gossip-heavy traffic and formalizes safety guarantees absent under TowerBFT.

The proposal also introduces a fixed 1.6 SOL VAT per epoch, burned to offset inflation while preserving economic barriers to participation. This fee replaces direct vote transaction costs, with supporters arguing it reduces validator expenses by around 20%. Critics, however, warn it may raise entry barriers for smaller operators.

Alpenglow further adopts a “20+20” resilience model, allowing the network to stay live even with 20% adversarial validators and another 20% unresponsive. Future improvements include replacing Solana’s Turbine data propagation system with Rotor, a more efficient protocol that will require separate governance approval.

Debate and governance process

Community sentiment around Alpenglow is split between optimism and caution. Its proponents emphasize how it can streamline validator operations, cut down on finality delays, and facilitate use cases like high-frequency trading and gaming that demand almost instantaneous confirmation. Validators such as Firedancer commended it for eliminating long-standing TowerBFT complications.

Testing, deployment risks, and economic effects are the main areas of concern. While some validators suggest tiered VAT models with stake size-based SOLs ranging from 0.5 to 5, others question how off-chain voting will manage Jito auction procedures without proof-of-history and transaction expirations.

Voting runs from epochs 833 to 842, with participation requiring a two-thirds majority of Yes over No votes and a quorum threshold of 33%, including abstentions. Results will determine whether Solana proceeds with one of its most ambitious consensus overhauls to date.



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August 18, 2025 0 comments
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Francisco Rodrigues
NFT Gaming

Czech Government Survives No-Confidence Vote Over $45M Bitcoin Donation

by admin June 21, 2025



The Czech government has weathered a political storm this week, surviving a no-confidence vote triggered by a $45 million bitcoin payment from a convicted criminal.

The scandal has rocked Prime Minister Petr Fiala’s administration months before national elections, Reuters reports.

The payment of 468 bitcoin was made to the state by a man previously jailed for running a darknet drug marketplace called Sheep Marketplace.

The donation was accepted by then-Justice Minister Pavel Blazek, who later resigned amid the backlash, on behalf of the government. The bitcoin was sold for roughly 1 billion Czech koruna, worth around $45 million.

Opposition party ANO, which leads polls ahead of the October vote, filed a no-confidence motion and accused the ruling coalition of potentially aiding in the laundering of illicit assets, as the source of the BTC is unclear.

Critics say the government should have involved prosecutors or police instead of accepting potentially tainted crypto funds. After two days of debate, the motion failed in the lower house, where Fiala’s coalition retains a majority.

Still, Blazek insisted he acted legally in accepting the donation, which amounted to about 30% of crypto found on the man’s returned devices.

The donor’s motives remain unclear. The case shook the government of a country whose central bank earlier this year approved a proposal to study bitcoin as a reserve asset. Czech National Bank chief Ales Michl has even said bitcoin is not to be “lumped together” with crypto.

Polymarket traders are currently seeing the main opposition party, ANO, win the parliamentary election in October. Perceived odds of that outcome are currently at 92%, while Blazek’s ODS party’s chances stand at just 6%.



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June 21, 2025 0 comments
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GameFi Guides

Bitcoin Scandal Fails to Topple Czech Government in No-Confidence Vote

by admin June 19, 2025



In brief

  • The Czech government has survived a no-confidence vote following a Bitcoin donation scandal.
  • Former Justice Minister Pavel Blazek accepted $45 million from a convicted darknet operator without verifying its origins.
  • Amid the fallout, the opposition party leads in polls ahead of national elections in October.

On Wednesday, the Czech Republic’s ruling coalition narrowly avoided collapse following a high-profile Bitcoin scandal that triggered a no-confidence vote in parliament two weeks ago.

Prime Minister Petr Fiala’s center-right coalition secured 98 votes against the motion on Tuesday, outnumbering 94 members of parliament who voted to bring down the government, a video from the parliament’s Chamber of Deputies archive shows.

What began as a Bitcoin donation quietly transferred from a convicted darknet drug trafficker’s wallet to a justice minister blew up into a storm and triggered a resignation, a criminal investigation, and nearly toppled the Czech government.

The latest vote was held among 192 members of parliament present, marking the fourth no-confidence challenge since the incumbent coalition took power in 2021.

The vote “went as expected and the government survived,” an automated translation of a statement from Fiala on X reads. Fiala claimed the opposition “used the meeting as always – to throw dirt, insults, and lies.”

The political storm centered on former Justice Minister Pavel Blazek, who accepted 468 Bitcoin, worth over $45 million at the time, from convicted darknet operator Tomas Jirikovsky. The Bitcoin in question had been previously confiscated and returned to Jirikovsky after a legal technicality.

Blazek’s justice department later sold the assets, allocating roughly 30% of the proceeds to the state. Critics argue that the move circumvented law enforcement, potentially allowing funds associated with oversight and illicit activity to be laundered.



To this, Fiala responded that he understood “concern in the public” over how the state “may have been abused” for legalizing income from criminal activities, according to a report from local media outlet Brno Daily at the time.

Blazek, a senior member of Fiala’s ODS party, stepped down on May 30 under mounting public and political pressure but maintained that he had done nothing illegal. 

His replacement, Eva Decroix, was sworn in on June 10 and has since ordered an independent audit of the transaction. Decroix pledged transparency and cooperation with ongoing law enforcement investigations.

While the government emerged intact from the no-confidence vote, the scandal has amplified criticism from opposition parties, particularly the populist ANO party led by billionaire Andrej Babis. Party officials accused the Fiala government of eroding public trust and mismanaging crypto oversight.

Ahead of parliamentary elections scheduled for October 3–4, ANO currently leads 32 to 20 against the Together (SPOLU) coalition, which includes Fiala’s ODS party, according to poll data.

Edited by Sebastian Sinclair

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June 19, 2025 0 comments
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Czech Government Survives No-Confidence Vote Amid Bitcoin Scandal
Crypto Trends

Czech Government Survives No-Confidence Vote Amid Bitcoin Scandal

by admin June 19, 2025



Czech Prime Minister Petr Fiala’s Civic Democratic Party withstood a fourth attempt to topple their government in three years — this time with opposition parties uniting against them over a $45 million Bitcoin scandal.

The scandal centers around a 1 billion Czech koruna ($45 million) Bitcoin (BTC) donation made to the Ministry of Justice on May 27 by Tomáš Jiřikovský, a man previously convicted of drug trafficking, weapons offenses, and embezzlement.

The no-confidence motion brought by Czech opposition parties ANO, SPD and the Pirates received only 94 votes, seven shy of the 101 needed to pass. The vote came after more than 24 hours of debate in Parliament, according to a report from České Noviny on Monday.

No-confidence votes are made when a person or opposition party believes the current leadership is no longer able to govern effectively.

While Fiala’s party survived the no-confidence vote, the controversy adds to growing concerns over how government officials are getting involved in crypto-related activities that may be conflicting with their duties.

Recent controversies include US President Donald Trump’s profiting from his long list of crypto ventures and Argentine President Javier Milei’s involvement in the Libra token scandal.

Czech PM admits mistakes were made

Fiala said the $45 million Bitcoin donation could have been prevented and acknowledged that the incident has shaken up public confidence in his party.

The Civic Democratic Party will “take responsibility for ethical misconduct,” Fiala said in a Czech-English translated statement from České Noviny’s report.

However, he accused the opposition parties of using the debate to “throw dirt, insults and lies” at his party in a post on X on Wednesday.

Máme za sebou další hlasování o nedůvěře vládě. Dopadlo podle očekávání a vláda hlasování ustála.

Opozice schůzi využila jako vždy – k házení špíny, k urážkám a ke lžím. Od Andreje Babiše jsme se zároveň dozvěděli, že vlastně žádné informace nechce a žádný audit ho nezajímá. V… pic.twitter.com/ogUqhLeizZ

— Petr Fiala (@P_Fiala) June 18, 2025

The other three no-confidence votes against the Civic Democratic Party spanned between September 2022 and October 2023, concerning issues related to energy, inflation and spying.

Newly appointed justice minister to probe the Bitcoin donation

The incident led to former Justice Minister Pavel Blažek’s resignation on May 30, while Finance Minister Zbyněk Stanjura is also facing pressure to resign amid claims that he knew of the donation.

On June 10, Czech President Petr Pavel swore in Eva Decroix as the new minister of justice, who promised to order an independent probe into the ministry’s actions.

Related: Bitcoin, crypto dip as Trump says Iran’s leader an ‘easy target’

She has since said that the Ministry of Justice, under her leadership, would “provide cooperation in the investigation of the donation case.”

Source: Eva Decroix

Details of the controversial Bitcoin donation

Jiřikovský offered the Ministry of Justice around a third of his crypto wallet — 1,561 Bitcoin — as a donation, authorized by a court ruling that returned his previously seized devices. 

However, Jiřikovský — who was sentenced in 2017 and released in 2021 — was also previously in control of another 3,855.15 Bitcoin tied to the illicit website Nucleus Market.

Tech expert Jiří Berger, who was in attendance when Jiřikovský opened the wallet with 1,561 Bitcoin, said that they cannot access the larger stash of 3,855.15 Bitcoin due to it being stored on older tech.

Magazine: Bitcoin’s invisible tug-of-war between suits and cypherpunks





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June 19, 2025 0 comments
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GENIUS Act wins crucial vote, heads to Senate floor vote
GameFi Guides

GENIUS Act wins crucial vote, heads to Senate floor vote

by admin June 12, 2025



The U.S. Senate voted 68-30 on Wednesday to invoke cloture on the GENIUS Act, a major stablecoin bill, paving the way for a final floor vote scheduled for next Monday.

If passed, the bill could set the first national regulatory framework for stablecoins in the United States.

The GENIUS Act—short for the Guiding and Establishing National Innovation for US Stablecoins—requires stablecoin issuers to maintain 100% reserves, submit to annual audits if they hold over $50 billion in market cap, and adhere to rules for foreign issuers.

It could serve as a benchmark for stablecoin regulation in the U.S. financial system.

Senate Majority Leader John Thune spoke in favor of the bill, aligning with President Donald Trump’s stance on digital assets. “We want to bring cryptocurrency into the mainstream, and the GENIUS Act will help us do that,” Thune said.

However, not all lawmakers were on board. Senator Elizabeth Warren criticized the bill for failing to address bipartisan amendments and warned of the political risks linked to Trump’s crypto dealings.

“By passing the GENIUS Act, the Senate is not only about to bless this corruption, but to actively facilitate its expansion,” she said, referencing Trump’s ties to a crypto platform backed by his family.

Crypto’s ‘pivotal shift’ 

Industry leaders say the bill could unlock new institutional participation. Yuval Rooz, CEO of blockchain firm Digital Asset, called it a “pivotal shift” in crypto regulation.

“The passage of the GENIUS Act marks a long-awaited shift from regulation by enforcement to regulation by clarity,” Rooz said in a note obtained by crypto.news. “It provides banks with a clear framework to confidently engage with stablecoins, unlocking stalled strategies by ensuring full reserves, regular audits, and substantive consumer protections.”

Rooz emphasized that “regulation alone isn’t enough,” highlighting the importance of privacy and control. “These aren’t optional features; they are foundational to institutional trust,” he added.

As the Senate prepares for Monday’s final vote, the GENIUS Act’s fate could shape the future of U.S. crypto policy—and influence how stablecoins are used in both traditional and decentralized finance.



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June 12, 2025 0 comments
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Major Stablecoin Bill Advances in US Senate. When's Final Vote?
NFT Gaming

Major Stablecoin Bill Advances in US Senate. When’s Final Vote?

by admin June 11, 2025


The U.S. Senate has advanced major stablecoin legislation, passing a crucial procedural hurdle in a 68-30 vote. 

The legislation, which is known as the GENIUS Act, is widely expected to finally pass next week. The final vote will take place on June 16. 

Earlier today, Senators voted to limit debate on the Hagerty-Gillibrand bipartisan substitute amendment to the much-talked-about bill. At least 60 votes were needed in order to invoke cloture. 

The amendment, which was introduced earlier this week, introduces more robust anti-money-laundering (ALM) safeguards and explicitly bans stablecoins issued in jurisdictions sanctioned by federal authorities.

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The passage of the bill would mark a major win for the emboldened cryptocurrency industry. As reported by U.Today, such prominent voices as Coinbase CEO Brian Armstrong and Ripple CEO Brad Garlinghouse have called for clear stablecoin rules. 

As reported by U.Today, the GENIUS Act failed to pass a procedural hurdle, but it then managed to secure support from some crypto-friendly Democrats.     

Locking in the dollar’s dominance   

In the meantime, Treasury Secretary Scott Bessent has stressed that stablecoins could “lock in” the dominance of the U.S. dollar. 

In May, Bessent told Bloomberg that dollar-backed cryptocurrencies could generate $2 trillion worth of additional demand for US Treasuries. 

 



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June 11, 2025 0 comments
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Crypto Trends

CLARITY Act Clears Two House Committees, Heads to House Floor for Vote

by admin June 11, 2025



In brief

  • The House Financial Services Committee has advanced the CLARITY Act in a 32-19 vote.
  • The House Agriculture Committee also passed the bill 47-6 on Tuesday.
  • If passed in Congress, the Act would establish new crypto oversight framework, favoring the CFTC.

The Digital Asset Market Clarity Act, a bill aiming to reshape crypto regulation in the U.S., has passed through two key House committees and is now headed for a full floor vote. 

The House Committee on Financial Services voted 32-19 on Wednesday to advance H.R. 3633, following a bipartisan 47-6 vote in the House Agriculture Committee, which also oversees commodity markets and digital assets, on Tuesday.

“Blockchain technology and digital assets are reshaping the future of American finance,” House Financial Services Chair French Hill (R-AR) said in a statement. “Congress has a historic opportunity to provide the clear regulatory framework needed to unlock this innovation.”

The dual approvals mark a significant milestone for the legislation, which needed to pass both committees before reaching the full House. The bill’s two marked-up versions will now be consolidated into one text for floor consideration.

If passed, the CLARITY Act would formalize the removal of oversight powers from the Securities and Exchange Commission and establish the more hands-off Commodity Futures Trading Commission as the primary regulator for most digital assets. 

Crypto issuers could still opt into SEC registration if they seek to sell directly to institutional investors.

“Today marks a historic moment for the digital asset industry,” Ji Kim, President and acting CEO of the Crypto Council for Innovation, said in a separate statement.

“The House Financial Services and Agriculture Committees both advanced the CLARITY Act—a major step toward clear crypto rules that define SEC and CFTC roles, protect self-custody, and safeguard consumers,” Kim added.



Even still, critics warn the measure could reduce financial safeguards and open regulatory loopholes.

Despite some bipartisan momentum, the bill faced heavy criticism from Democrats during Tuesday’s Financial Services Committee markup. Some argued the bill paves the way for corruption and pointed to former President Donald Trump’s crypto ventures as a concern.

Others, including pro-crypto Rep. Sam Liccardo (D-CA), questioned its allowing loopholes that could see companies call themselves decentralized finance projects to evade regulation.

Republicans defended the bill, emphasizing that regulatory status would be based on a platform’s function, not its label. They voted down numerous Democratic amendments, including provisions barring presidential crypto ventures and taxpayer-funded bailouts for token issuers.

“This bill is not about the personal finances of any one individual,” Hill said. “It’s not an ethics bill.”

Edited by Sebastian Sinclair

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June 11, 2025 0 comments
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GameFi Guides

Czech Government Faces No-Confidence Vote Over $45M Bitcoin Scandal

by admin June 4, 2025



In brief

  • A Czech justice minister has resigned last week after accepting a $45 million Bitcoin donation from a convicted drug trafficker.
  • The opposition ANO party has called for a no-confidence vote in the government, citing its failure to vet the funds.
  • The scandal comes months ahead of national elections, with polls showing ANO leading the ruling coalition.

Czech opposition party ANO on Tuesday called for a no-confidence vote in the government following the resignation of Justice Minister Pavel Blazek, amid controversy over a Bitcoin donation from a convicted drug trafficker.

The donation, reportedly worth millions of dollars in Bitcoin, was made to the Czech government in March and has triggered widespread condemnation. Decrypt has contacted government officials for comment.

Blazek resigned Friday after facing political backlash from an alleged Bitcoin donation from Tomas Jirikovsky, who was convicted in 2017 for running Sheep Marketplace, a defunct dark web platform ostensibly involved in drug trafficking.

The donations in Bitcoin were sold for over $45 million at a public auction.

The minister denied any legal wrongdoing with his acceptance of the donation from Jirikovsky, before stepping down.

“This government should have immediately resigned,” Karel Havlicek, deputy chief of the populist ANO party, said on Czech national television, per a report from Reuters.

A no-confidence vote is a formal process in which parliament members decide whether they still support the government or its leader.

Dark web Bitcoin trail

At a press conference a day before he resigned, Blazek said he had “no way to investigate the matter” and wasn’t “interested so many years after the case,” as quoted in a report from Le Monde.

Blazek was referring to Jirikovsky’s arrest in March 2016 and conviction in 2017. After his release in 2021, Jirikovsky sought to recover 1,500 BTC that had been seized by authorities.

Jirikovsky’s own platform, Sheep Marketplace, was shut down after a 2013 heist tied to two Florida men, during which it lost 5,400 BTC.

Details of the donated Bitcoin’s dark web trail were first revealed in an investigative report from the Czech outlet Deník N.

During his trial, authorities reviewed the origins of the seized Bitcoin. Czech media at the time speculated about ties to other dark web markets, though no formal link to the Nucleus Marketplace—a separate platform shut down in 2016—was ever established.



In a separate event in March, a long-dormant wallet associated with Nucleus transferred roughly $77 million in Bitcoin after nearly a decade of inactivity.

The main wallet still holds about $406 million in Bitcoin, according to data tracked by Arkham Intelligence.

Slim majority at risk

Blazek’s departure comes as the governing Together (SPOLU) coalition, which includes ODS, lags behind the opposition at 19% to ANO’s 32%, according to poll data, with the country’s elections slated for October.

Blazek served as a veteran senior official in the centre-right Civic Democratic Party (ODS) of Czech Prime Minister Petr Fiala, according to government records.

“A lot of people will probably see Fiala as someone who is at least a suspect of sorts in all of this,” Jiří Pehe, director of New York University Prague, told Czech media platform Radio Prague.

“They will not believe that he, as a close friend and associate of Blažek, didn’t know about the whole affair,” Pehe added.

Edited by Sebastian Sinclair

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



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June 4, 2025 0 comments
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Sui Foundation stays neutral; $162m hack plan up for vote
GameFi Guides

Sui community backs vote to recover Cetus hack frozen funds

by admin May 30, 2025



The Sui community has voted to unlock over $160 million in frozen assets following a major exploit of Cetus, a leading decentralized finance protocol on the network.

In a May 29 post on X, Sui (SUI) confirmed that validators representing 90.9% of the total stake voted “yes” in an on-chain governance proposal to move the frozen funds into a multi-sig wallet. The vote is a critical step in Cetus’s (CETUS) recovery plan after a $223 million exploit rocked the protocol on May 22.

Update – Validators representing 90.9% of stake have said “Yes” in the onchain community vote, and the vote has concluded early.

With this result, the impacted funds will be moved to a multi-sig wallet and held in trust until they can be returned to users according to the plan… https://t.co/qG8aPAhD8e pic.twitter.com/WjiSbLWt8n

— Sui (@SuiNetwork) May 29, 2025

The community vote was initiated after Cetus requested protocol-wide support to recover and return assets that were frozen on-chain following the hack. The attacker had exploited a vulnerability in third-party code to drain multiple liquidity pools, later bridging a portion of the funds to Ethereum (ETH). Validators managed to freeze $162 million of the stolen assets on Sui before more damage could be done.

As part of the recovery plan, the unlocked funds will be held in a trust account controlled by a multisig until they can be returned to affected users. Cetus has committed to combining the recovered funds with its treasury and a loan from the Sui Foundation to ensure all victims are fully reimbursed.

Although the flaw was in Cetus’ code, not the Sui network itself, Sui is treating the exploit as a critical moment for the ecosystem’s security model. In response, it announced a $10 million initiative to improve protocol-level audits and formal verification tools. Sui is also expanding its bug bounty program to cover major protocols with high total value locked.

Sui’s transparent and community-driven response has been praised by some community members, while others continue to express concerns about freezing wallets in a supposedly decentralized system. The vote was open to both validators and individual stakers, whose choices were reflected through their delegated stake.

With the vote now finalized, Cetus is expected to release a detailed timeline for reimbursements. Compensation efforts are set to begin soon, with full repayment now possible due to the newly recovered funds.





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May 30, 2025 0 comments
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