Crypto Security Alert: dWallet Labs Flags Validator Vulnerability while Ethereum’s Exchange Supply Plunges

By: Isha Das

Recently, blockchain security firm dWallet Labs has highlighted a potential vulnerability in validators handled by an infrastructure services provider. This threat is speculated to put worth up to $1 billion of cryptocurrencies such as Ether, Aptos, BNB, and Sui at risk. However, the alleged vulnerable provider, InfStones, refutes the claim and asserts that only a small fraction of its live nodes could potentially be affected. Following the stated vulnerability, InfStones has performed internal audits and also initiated a bug bounty program to encourage others to find any potential bugs.

On another striking development, Ethereum's exchange supply has dropped to its lowest since 2018. It's revealing that fewer individuals are selling their Ether holdings and more are either storing or staking their assets. This trend, accompanied by the recent reclamation of the $2,000 price level, suggests a probable value surge owing to increasing scarcity in Ethereum's supply. According to some leading crypto analysts, Ethereum's price could potentially cross the $10,000 mark soon.