Tech
The Crypto Heist of the Year: A Hacker’s Multi-Platform Attack
A series of hacks on Twitter and Discord have resulted in the theft of millions of dollars worth of crypto from unsuspecting victims. The hacker, who goes by the name of Pink Drainer, has been linked to several incidents involving fake tokens, phishing links, and social engineering attacks.
One of the most notable hacks was the hijacking of the Twitter account of OpenAI CTO Greg Brockman, who is a prominent figure in the crypto space. The hacker used his account to promote a fake OpenAI token, claiming that it was a new project by the artificial intelligence research company. The hacker also sent direct messages to Brockman’s followers, asking them to join a Discord server and invest in the token.
According to Scam Sniffer, a platform that tracks crypto scams, Pink Drainer has stolen over $3 million from nearly 2000 victims across different blockchains, including Mainnet, Arbitrum, BNB, Polygon, and Optimism. The hacker has also targeted several DeFi projects, such as Evomos, Pika Protocol, and Orbiter Finance, by impersonating journalists from reputable media outlets and sending phishing links to their communities.
7/ The Pink Drainer was first discovered by @tayvano_ https://t.co/ZYLtY8eysx
— Scam Sniffer (@realScamSniffer) June 9, 2023
The phishing links usually redirect the victims to a fake website that mimics the original one but asks them to enter their private keys or seed phrases to access their wallets. Once the victims do that, they lose control of their funds and the hacker transfers them to his own addresses.

Crypto Hacks Took a Serious Plunge in the Last Quarter
Pink Drainer’s activities have been exposed by several crypto enthusiasts and researchers, who have traced his transactions and identified his addresses. However, the hacker has been using various techniques to evade detection and prosecution, such as using crypto mixers, changing addresses frequently, and moving funds across different chains.
The crypto industry has been facing a growing number of hacks and scams in recent years, as hackers exploit the vulnerabilities of decentralized platforms and the lack of regulation and oversight. Hackers stole approximately $400 million from crypto projects across 40 attacks in the first quarter of 2023, representing a 70% decrease compared to the same period in 2022.
The report attributed this drop to the sanctions imposed on Tornado Cash, a crypto mixer that was used by many hackers to launder their proceeds.
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Tech
Sui Implements Gasless Stablecoin Transfers to Streamline Payments
The Sui network has officially introduced gasless stablecoin transfers, a technical update aimed at removing one of the primary friction points for digital payments. The feature allows users to send stablecoins without holding the network’s native SUI token to cover transaction fees.
Sending a stablecoin:
Other chains: transfer → gas fee → wait → wait more → gas spike → retry ❌
Sui: transfer → no gas → done ✅
— Sui (@SuiNetwork) July 14, 2026
A demonstration of the new flow was shared by the @SuiNetwork official account on X, highlighting a comparison between Sui’s streamlined process and the multi-step “retry” cycles often required on other blockchains when gas fees fluctuate or are insufficient. The update is part of a broader infrastructure push to position the network as a viable alternative for high-volume payment applications.
Infrastructure for the “Payments Network” Narrative
The transition to gasless transfers addresses a long-standing barrier in the stablecoin market: the requirement for users to manage secondary asset balances just to move liquidity. By abstracting these costs, Sui aims to provide an experience closer to traditional fintech applications while maintaining on-chain settlement.
According to the Sui Foundation in an official blog post, this capability is a core component of the “Sui Stack,” a developer-focused rollout intended to evolve the Layer-1 into a more comprehensive platform. The network’s ability to process transactions in parallel serves as the underlying technical foundation for maintaining low latency during these transfers.
Market Response and Observed Activity
While the feature targets retail and payment adoption, early data suggests significant participation from automated systems. Secondary reports indicate that within the first five days of the launch, transfer volumes reached approximately $65 billion. Analysts have noted that a portion of this initial activity likely originated from arbitrage bots testing the network’s high throughput capabilities under the new fee structure.
The broader ecosystem has shown steady liquidity growth alongside these technical updates. Total Value Locked (TVL) on the network has trended upward, and stablecoin capitalization—primarily led by USDC—has recently reached approximately $460 million. This liquidity provides the necessary backbone for the gasless feature to function across decentralized finance (DeFi) protocols and peer-to-peer transfers.
Despite the official rollout and the confirmed functionality of the gasless flow, long-term adoption metrics remain pending. The available data captures an initial surge in activity, but it remains unclear how much of this volume will translate into sustained organic usage once the novelty and early testing phases conclude. For now, the development marks a shift in Sui’s strategy to compete for the stablecoin payment sector by prioritizing user experience over traditional fee models.
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Tech
NEAR Protocol Confirms Verifiable Private Inference for AI
NEAR Protocol has detailed a new technical approach to AI execution, confirming that NEAR AI now utilizes secure hardware enclaves to provide verifiable private inference. The system is designed to return hardware-signed proofs that verify the specific model used, the data processed, and the execution itself, addressing growing concerns over data sovereignty and the limitations of closed AI models.
The development shifts the trust model from contractual agreements to cryptographic and hardware-level certainty. By running AI agents within a user-owned stack, NEAR aims to provide a structural alternative to centralized AI providers, particularly in light of increasing export controls and data privacy restrictions.
Secure Enclaves and Hardware Proofs
At the core of this update is the use of Trusted Execution Environments (TEEs), such as Intel TDX and confidential GPUs. According to official NEAR AI documentation, these secure enclaves allow inference to run in an isolated environment where memory is encrypted at the CPU level. This prevents host operators, hypervisors, or unauthorized third parties from accessing the data being processed.
AI sovereignty wasn’t a hot topic, but NEAR’s been building for it for years. Then export bans and government equity stakes changed the conversation fast.
NEAR AI already runs a user-owned stack, and IronClaw secures the agent layer.
Sovereignty you can verify. https://t.co/69SHawbBQA pic.twitter.com/TbVtk7PNBY
— NEAR Protocol (@NEARProtocol) July 9, 2026
The system generates a cryptographic “attestation” or hardware-signed certificate. This proof allows users or third parties to verify that the workload ran exactly as intended without being modified. The NEAR Protocol official account noted that the IronClaw security layer is used to protect the agent level, ensuring that users maintain sovereignty over their data and model interactions.
Addressing Data Sovereignty
The move toward verifiable inference comes as a response to the “closed” nature of frontier AI models. In typical cloud-based AI interactions, users must rely on the provider’s contractual promise that data is not being stored or used for training. NEAR’s implementation replaces this reliance on trust with “structural assurances,” where the silicon itself proves the security of the environment.
This approach is particularly relevant for:
- Export Controls: Providing verifiable proof of hardware and execution locations.
- Sensitive Workloads: Allowing institutions to run models on rented cloud compute without exposing proprietary data to the cloud provider.
- Model Integrity: Ensuring that the specific version of an AI model requested is the one actually performing the task.
Status and Integration
While the technical framework for private inference and hardware attestation is now officially documented and confirmed, specific adoption metrics remain pending. The available sources do not yet provide data on total usage numbers or a comprehensive list of third-party integrations launched within the last 48 hours. The current focus remains on the deployment of human-owned AI stacks that leverage these secure hardware proofs to bypass centralized bottlenecks.
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Tech
NEAR Protocol launches Confidential Intents for private AI execution
NEAR Protocol has moved its Confidential Intents framework to general availability, enabling developers and decentralized applications to process private transactions across multiple blockchains. The rollout integrates directly into the NEAR Intents 1Click Swap API and was confirmed in an official announcement from NEAR Protocol, positioning the feature as part of a broader infrastructure push aimed at confidential cross-chain markets and AI-driven execution.
Under the updated system, users and autonomous agents can express desired trade outcomes without routing orders through public mempools or exposing execution details during settlement. According to project materials, execution privacy is maintained through a dedicated private shard on the NEAR network, which verifies settlement integrity while keeping order parameters and routing data hidden from public explorers. The design allows both human-facing dashboards and AI agents to operate across fragmented liquidity sources without revealing trading logic.
The functionality is currently live on near.com, where users can activate Confidential Mode before executing cross-chain swaps. The interface leverages NEAR Intents as a universal liquidity layer, abstracting bridge selection, token routes and fee estimation into a single-step transaction. Project documentation indicates that the underlying intent infrastructure has historically processed billions of dollars in aggregate swap volume across integrated chains, though the baseline usage share transitioning to the confidential rails was not disclosed in the launch materials.
Confidential Intents is framed as infrastructure for what NEAR describes as a user-owned agentic economy, where AI applications can execute on-chain actions without broadcasting proprietary strategies or wallet balances. The available source notes that the framework relies on private compute environments, but cryptographic verification methods, third-party audit status and long-term validator incentives were not detailed alongside the general availability announcement.
The update marks a protocol-level release rather than a confirmed adoption milestone. Real-world integration will depend on how quickly independent dApps adopt the 1Click Swap API and whether independent audits substantiate the privacy guarantees under live network conditions. On-chain activity metrics and third-party developer implementation data were not available at the time of publication.
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