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Crypto

Wyoming to tighten reserve verification for FRNT stable token with Chainlink integration

The U.S. state of Wyoming will adopt Chainlink’s reserve verification system for its government-issued stable token, Frontier Stable Token, known as FRNT. The Wyoming Stable Token Commission plans to publish on-chain data on FRNT reserves and token supply using Chainlink’s proof-of-reserves function. The state aims to narrow disclosure intervals by combining Chainlink infrastructure with independent checks by The Network Firm. It is also reviewing Chainlink’s Secure Mint feature to limit issuance when reserves are insufficient.

Crypto

Shibarium halt rumours grow after project exit and explorer errors

A long-time community participant, Mazrael, rejected claims that Shiba Inu layer-2 network Shibarium has effectively stopped working, after the Shibarium-based project K9 Finance announced it was shutting down. He said validators and archive infrastructure remain active and that thousands of transactions continue daily. Separately, Shibarium’s block explorer ShibariumScan is experiencing initialization problems, with indexing about 49 percent complete, which could affect activity tracking.

Crypto

Wemix dollar authority takeover caused by proxy contract initialize flaw

Wemix Team said it identified a proxy-structure smart contract initialize-function flaw as the cause of a July 26 takeover of administrative rights over two Wemix dollar-related contracts. The attacker changed administrator addresses, obtained minting and swap permissions and minted 5,225,524.9997 WEMIX$ through repeated flash loans and swaps. Confirmed losses transferred externally were 723,244.4936 USDC.e and 34,752.3199 WEMIX. Services are to resume sequentially.