Ethereum Security Alert: Voltage Finance Hacker Resurfaces After 166 Days
A hacker associated with the 2022 exploit of Voltage Finance has resurfaced, laundering $182K in stolen ETH through Tornado Cash after months of inactivity. This incident highlights ongoing security challenges in the Ethereum ecosystem.
Voltage Finance Hacker Moves $182K in Stolen ETH to Tornado Cash After Months of Inactivity
A hacker linked to the 2022 exploit of Voltage Finance, a decentralized lending protocol on the Fuse network, has resurfaced after 166 days of dormancy. Blockchain security firm CertiK reported on May 6 that the attacker laundered 100 ETH (~$182,783) through crypto mixer Tornado Cash.
The funds trace back to a $4 million exploit in March 2022. The wallet address 0xCF4823dA7271fdedBe103500d8E197Bdca224B6d showed no activity since November before this transaction. CertiK’s alert system flagged the movement as part of ongoing monitoring of stolen assets.
Ethereum’s Pectra Upgrade Goes Live After Months of Anticipation
Ethereum’s Pectra upgrade, one of the network’s most significant hard forks since the Merge in 2022, officially activated today at epoch 364032. The upgrade combines the Prague execution layer and Electra consensus layer, introducing 11 Ethereum Improvement Proposals (EIPs) focused on account abstraction, staking mechanics, and blob throughput improvements.
Originally scheduled for March, the launch was delayed until May 7, 2025, due to technical challenges. The Ethereum community has been eagerly awaiting this milestone, which promises to enhance scalability and functionality across the network.
Ethereum Pectra Upgrade Goes Live, Introducing Major Validator and Smart Contract Enhancements
The Ethereum Pectra upgrade has successfully launched on the mainnet, marked by the implementation of EIP-7251, which increases the effective balance cap for validators from 32 ETH to 2,048 ETH. This change allows large staking providers to consolidate nodes, significantly reducing operational costs.
EIP-7702 debuts alongside, enabling externally owned accounts to temporarily execute smart contract code. This innovation facilitates gas payments in stablecoins, subscription-based transfers, and native wallet recovery tools. Nine additional EIPs focus on improving data availability, validator onboarding, and cryptographic efficiency.
ETH’s price ROSE 3% to $1,845 as markets reacted to the upgrade, with attention now turning to the impending FOMC rate decision. Core developers continue testing the newly activated EIPs to ensure network stability.
Ethereum Pectra Upgrade Goes Live: A Leap Forward for Scalability and Usability
Ethereum’s Pectra upgrade has officially launched, marking the network’s most significant advancement since The Merge. The update introduces critical enhancements to wallet functionality, staking economics, and data throughput, positioning Ethereum for broader adoption.
Key improvements include EIP-7702, which advances account abstraction for seamless user experiences, and EIP-7251, raising validator caps to improve network efficiency. These changes address long-standing scalability challenges while reducing friction for developers and end-users alike.
The upgrade reflects Ethereum’s continued evolution as a platform for decentralized applications. By solving fundamental UX barriers, Pectra lays groundwork for mainstream adoption while maintaining the network’s security-first ethos.
Trust Wallet Announces Full Support for Ethereum’s EIP-7702
Trust Wallet, the self-custody leader with 200 million users, has become the first major wallet to fully integrate Ethereum’s EIP-7702 upgrade. This proposal redefines account architecture by embedding smart contract functionality into standard externally owned accounts (EOAs).
The upgrade enables programmable transaction logic, gas sponsorship, and batch operations without requiring users to migrate to new smart contract wallets. "This isn’t just incremental improvement—it’s the foundation for mass adoption," said a Trust Wallet spokesperson, noting the update could reduce failed transactions by over 60%.
EIP-7702’s implementation precedes Ethereum’s broader account abstraction roadmap, positioning Trust Wallet at the forefront of wallet innovation. The move signals growing infrastructure readiness for institutional-grade DeFi applications.
PayPal-Backed Magic Labs Launches Verifiable Crypto Agent Platform Newton on Base
Magic Labs, a wallet infrastructure provider with backing from PayPal, has unveiled Newton—an AI-driven agent platform designed to simplify cryptocurrency management through autonomous finance. Built on Base, Coinbase’s layer-2 blockchain, Newton claims to be the first verifiable crypto copilot, enabling users to delegate onchain tasks to AI agents while retaining full control.
The platform integrates cryptographic verification and reputation management to ensure transparency, even for complex cross-chain transactions. Newton addresses two critical pain points: the fragmented user experience in crypto and the trust deficit surrounding AI-powered tools. "Crypto UX is broken. AI can’t be trusted. Newton sets you free," asserts the team in their launch materials.
