...and is definitely not an enormous grift that's pouring lighter fluid on our already smoldering planet.
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The project disclosed the theft, describing the exploit as affecting "some deprecated contracts". They downplayed the theft, saying they'd bought back the stolen assets using treasury funds.
Abracadabra previously suffered a $13 million theft in March 2025, and a $6.5 million theft in January 2024.
As recently as this year, Futureverse was earning spots on "most innovative company" lists. In April, they announced they'd be acquiring Candy Digital, an NFT company created by Mike Novogratz, Gary Vaynerchuk, and others (which itself had raised a $100 million series A in 2021, and another funding round in 2023). "NFTs will be back in a big way one of these days", wrote Axios, covering the sale in April 2025.
But now, Futureverse has announced they've "made the difficult decision to begin a restructuring of the business". Focusing only on the AI portion of their business, and conspicuously omitting any mention of blockchains, NFTs, or metaverses, the company says they "recognize that adjustments are needed to ensure the long-term sustainability of our vision."
Futureverse locked comments on the post, likely to try to dodge angry community members who accused the company of stealing from them or rug-pulling.
The project had attracted customers by advertising yields of 76–95%.
SBI Crypto has not made any public statements addressing the apparent theft.
Griffin AI promises to allow customers to "build, deploy, and scale autonomous AI agents for crypto finance". These are essentially AI-powered bots that perform various functions — some of Griffin's advertised examples include a "robo-adviser" to provide "tailored investment strategies", and bots to do arbitrage trading or manage staked assets.
Seedify has been a launchpad for blockchain games, NFT projects, and other web3 products. The team recently has embraced "vibe coding" — a practice in which people rely heavily on AI to generate code.
Shortly after the hack, the attacker apparently approved a phishing contract, perhaps in their rush to swap tokens before the price crashed further or before exchanges could freeze the tokens. Around 542 million of the UXLINK tokens were sent to a phishing address as a result, though it doesn't appear the phishing wallet has been able to sell the tokens.
Despite the project's attempted reassurances, the YU stablecoin lost its $1 peg, plummeting as low as around $0.20. As of writing, about a day later, the stablecoin is still well below its peg, at around $0.94.
The project has paused staking on the network, freezing the BONE tokens borrowed by the attacker, which may limit the attacker's profits.
Later that week, Thorbjornsen apparently suffered another loss — this one confirmed on-chain to be around $1.35 million.
According to crypto sleuth zachxbt, the attackers appeared to be a part of North Korean crypto hacking operations. "JP is one of the people whose has greatly benefited financially from the laundering of DPRK hacks/exploits. So it’s a bit poetic he got rekt here by DPRK," he wrote.
SwissBorg announced that they would be reimbursing impacted customers using treasury funds, and working with security firms and law enforcement to try to recover the stolen assets.
strip-ansi or determine if a variable is-arrayish. Altogether, the packages get around two billion downloads per week, and the compromise is being called the "largest supply chain attack in history".Once the malicious code is injected, it then intercepts network traffic and API calls, scanning for cryptocurrency transactions across numerous blockchains. When a network request is made to transfer crypto, the malicious code intercepts it and replaces the destination with wallets controlled by the attackers.
Various prominent people in crypto have warned about the attack, with Ledger CTO Charles Guillemet tweeting: "If you use a hardware wallet, pay attention to every transaction before signing and you're safe. If you don't use a hardware wallet, refrain from making any on-chain transactions for now."
Ultimately, the exploit was not very financially successful, with reports that less than $1,000 was stolen.
Venus paused the protocol as they investigated the theft. The project then proposed a vote to force liquidation of the attacker's wallet and recover the stolen funds.
