Data of 54,000 Crypto Wallet Users Leaked
CLARITY Act's chances of passing are just 10%.
1Data Leak and the CLARITY Act
Personal data of users of Trezor and SafePal crypto wallets has been leaked. These leaks pose a high risk of phishing attacks. Galaxy Digital estimates the chances of the CLARITY Act passing in 2026 at just 10%. In May, this figure was 75%. Unresolved political issues and the Senate's limited working time are making it difficult for the bill to pass.
2Senate's Time Constraint
The Senate will only have 14 working days after reconvening on September 14. Alex Thorn, head of research at Galaxy Digital, stated that the entire working session would need to be dedicated to the bill for it to pass. Otherwise, the chances are slim. The SEC and CFTC plan to implement their own rules for crypto markets if the bill fails.
3Role of SEC and CFTC
The SEC planned a meeting to present 'clear rules' for crypto markets but canceled it. The White House is concerned that the SEC acting alone could anger Democrats. The CFTC ordered prediction market Kalshi to ignore New York's restraining order. The CFTC argues that national derivatives markets should be uniform.
4Threats to Crypto Wallets
Trezor reported a leak of personal data affecting about 14,000 users through its shipping provider, ShipMonk. SafePal disclosed unauthorized access to nearly 40,000 customers' order information. These leaks pose a high risk of phishing attacks. Both companies have taken down fraudulent websites and phishing links.
5AI and Cybersecurity
The Bitcoin Red Team identified thousands of potential cybersecurity issues using open-source Chinese models. The theft of $116 million from Coldcard hardware wallets highlighted the importance of AI-related threats. Bitcoin Core developers have called on AI labs to provide early access to their most capable models.
6Ethereum's Future
The Ethereum Foundation is moving away from the Poseidon hash function in favor of alternatives like SHA or BLAKE. Poseidon was designed to work better with zero-knowledge proofs. However, new developments allow SNARKS to work better with existing hash functions. Ethereum's next major upgrade, Hegotá, is reviewing 66 proposals.
7Developments in Prediction Markets
The CFTC ordered Kalshi to ignore New York's restraining order. The CFTC argues that national derivatives markets should be uniform. Washington state banned Kalshi from operating within its borders. Kalshi is required to implement IP address and residency-based geofencing systems.
8Conclusion and Implications
The leak of personal data from crypto wallet users poses a serious threat of phishing attacks. The low chances of the CLARITY Act passing increase uncertainty in crypto markets. The possibility of the SEC and CFTC implementing their own rules could complicate market regulations. These developments could have significant implications for the future of the crypto industry.
Original article: Cointelegraph.com News — 54.000 Kripto Cüzdan Kullanıcısının Verileri Sızdırıldı