USDT Front-End Breach at Zerobase Highlights Persistent DeFi Security Challenges

A significant front-end security breach at the decentralized zero-knowledge proving network Zerobase has resulted in the loss of over $240,000 in USDT from more than 270 users, underscoring the ongoing vulnerabilities in user-facing interfaces within the DeFi ecosystem. The incident, which occurred on the afternoon of December 12, 2025, involved attackers compromising the project's website to deploy a malicious smart contract that siphoned funds from connected wallets. On-chain analysts from Lookonchain have confirmed that the attack was isolated to the front-end application layer, with the underlying blockchain protocol and smart contract infrastructure remaining secure. This event serves as a critical reminder that while blockchain technology itself offers robust security, the points of user interaction—websites, wallets, and approval prompts—remain prime targets for malicious actors. For a bullish practitioner, such incidents, while unfortunate, are part of the maturation process of a high-growth sector. They accelerate the development of more sophisticated security protocols, user education, and insurance mechanisms, ultimately leading to a more resilient and trustworthy financial infrastructure. The fact that the breach was contained to a front-end issue and did not compromise the core protocol validates the fundamental security of decentralized architectures. As the industry learns and adapts, these events pave the way for broader institutional and mainstream adoption by forcing the ecosystem to harden its defenses at every layer.

Zerobase Front-End Hack Drains $240K in USDT from 270+ Users

Hackers infiltrated the front-end interface of decentralized zero-knowledge proving network Zerobase, siphoning over $240,000 worth of USDT from more than 270 users. The breach occurred late Friday, with unauthorized fund movements reported around 2:30 PM UTC.

On-chain investigators Lookonchain identified the attack as a front-end compromise, not a blockchain infrastructure breach. Attackers deployed a phishing smart contract on BNB Chain, mimicking Zerobase to trick users into approving USDT spending permissions. One victim alone lost 123,597 USDT.

Blockchain cybersecurity platform HashDit confirmed the malicious contract's involvement. Users are urged to revoke suspicious approvals via security tools. The incident underscores persistent vulnerabilities in web3 interfaces despite secure underlying protocols.

Tether's $1.1B Juventus Bid Rejected as Stablecoin Giant Expands Sports Ambitions

Tether's audacious €1 billion ($1.1 billion) all-cash offer for Juventus Football Club was swiftly rebuffed by Exor, the Agnelli family's holding company. The bid—which WOULD have included an immediate tender for remaining shares—saw Juventus' stock rise 2.3% despite the rejection.

The stablecoin issuer remains undeterred, with CEO Paolo Ardoino pledging €1 billion in additional investment to modernize the club if a deal materializes. This MOVE signals Tether's aggressive diversification beyond digital assets into high-profile sports investments.

Market observers note the bid's timing coincides with Juventus' €944 million valuation and Tether's growing footprint in global sports sponsorships. The rejection underscores the Agnelli dynasty's century-long grip on the Turin-based club.

Singapore Gulf Bank Launches Free Solana Stablecoin Minting and Redemption

Singapore Gulf Bank (SGB) has unveiled a groundbreaking service enabling corporate clients to mint and redeem stablecoins on the solana blockchain without fees during an initial launch period. Announced at Solana Breakpoint 2025 in Abu Dhabi, the offering targets institutional treasury operations and cross-border flows, with plans to expand to retail users.

The zero-fee program covers transactions and gas costs for converting fiat to USDC and USDT on Solana—a strategic move bridging traditional banking with decentralized finance rails. SGB, which has processed over $7 billion in transactions since inception, aims to streamline on-chain financial operations for enterprises.

"We're writing the next chapter of stablecoin banking," declared Chief Growth Officer Justin Peyton during the keynote. The launch positions Solana as an institutional-grade blockchain for regulated financial services, potentially accelerating enterprise adoption of digital assets.