At present in crypto, Bitcoiners Michael Saylor and Adam Again criticize the BIP-110 proposal in search of to stamp out non-monetary Bitcoin transactions, DeFi protocol Bonzo Lend misplaced about $9 million after an attacker manipulated the value of SAUCE by a flaw in Supra’s oracle verifier on Hedera, whereas the US Division of Justice is reportedly in search of to drop its case towards alleged BitClub fraudster Matthew Goettsche.
Bitcoin bulls Michael Saylor, Adam Again slam BIP-110 Ordinals proposal
Technique government chairman Michael Saylor and Blockstream CEO Adam Again have doubled down on their opposition to BIP-110, a proposed short-term fork to restrict non-monetary transactions on the Bitcoin community.
Bitcoin Enchancment Proposal-110 was launched in December 2025 to cease nonfungible token-like Ordinals inscriptions and different arbitrary information from “spamming” the community and to protect Bitcoin’s foremost use as a peer-to-peer money system.
Whereas essential of Ordinals exercise, Saylor and Again worry a fork may do extra hurt than good to the community’s credibility. “There are 110 issues extra harmful to Bitcoin than spam,” Saylor mentioned in a put up to X on Saturday, including that BIP-110 may invalidate atypical transactions on the community.
Supply: Michael Saylor
BIP-110 is among the extra notable protocol-level disputes within the Bitcoin improvement group for the reason that Blocksize Wars between 2015 and 2017, when ecosystem members debated whether or not it was price risking a series break up to boost the block dimension restrict for scalability.
BIP-110 was launched by pseudonymous Bitcoin developer “Dathon Ohm” with the assist of Ocean protocol founder Luke Dashjr.
Bonzo Lend loses $9M in oracle exploit on Hedera
Hedera-based lending protocol Bonzo Lend misplaced about $9 million after an attacker manipulated the value of SAUCE used as collateral, permitting the account to borrow property far past the worth deposited.
In a preliminary incident report printed Saturday, Bonzo mentioned the attacker deposited 250 SAUCE, price just a few {dollars}, earlier than submitting a value replace that inflated the token’s worth by roughly 12 orders of magnitude. The pockets then borrowed 6.63 million USDC and 34.5 million wrapped HBAR from the lending pool.
The case illustrates how oracle failures can flip low-value collateral right into a software for draining giant quantities of liquidity from lending protocols, even when the appliance and underlying community proceed working as designed.
Bonzo attributed the incident to a flaw in Supra’s on-chain oracle verifier, which accepted a manipulated SAUCE value carrying a zeroed signature. The protocol mentioned Supra acknowledged the difficulty and deployed a repair, whereas stressing that the incident was not a vulnerability in Bonzo Lend’s contracts or Hedera’s core community.
Estimated financial impression of the incident. Supply: Bonzo Finance
DOJ strikes to dismiss expenses towards alleged $722M BitClub fraudster: Report
The US Division of Justice is reportedly transferring to drop expenses towards the founding father of BitClub Community, a purported crypto mining platform that allegedly defrauded buyers of $722 million between 2014 and 2019.
A court docket submitting exhibits Matthew Goettsche’s attorneys wrote to New Jersey district court docket Decide Claire Cecchi on Wednesday, stating that the events “reached an settlement in precept” to resolve the pending expenses “however want time to finalize the phrases.”
Goettsche’s attorneys’ letter to New Jersey district court docket Decide Claire Cecchi. Supply: Bloomberg Legislation
The submitting got here after the deputy lawyer common’s workplace in Washington reportedly ordered the New Jersey lawyer common’s workplace to dismiss the case towards Goettsche with prejudice, in accordance with a report on Friday from Bloomberg Legislation, citing two sources acquainted with the matter.
Goettsche was indicted in December 2019 and was set to face trial in October for conspiracy to commit wire fraud and promoting unregistered securities. A reversal would mark one of many extra notable modifications in US crypto enforcement historical past, notably on condition that three of his former colleagues, Silviu Balaci, Joseph Abel and Gordon Beckstead, have pleaded responsible for his or her involvement within the scheme.
The potential reversal follows an April 2025 memo from Deputy Lawyer Normal Todd Blanche, who directed the DOJ to finish its “regulation by prosecution” technique towards the digital asset business.
