Port3 Network: Being Attacked Due to CATERC20 Vulnerability, Will Release a New Token to Fully Address the Issue
On November 23rd, Port3 Network's official statement on social media showed that PORT3 adopted Nexa Network's cross-chain token solution, CATERC20, to support multi-chain development. However, this solution had a boundary condition verification vulnerability. When token ownership was renounced, the function's return value coincidentally met the owner verification condition, resulting in the failure of permission checks and allowing unauthorized access.
This vulnerability was not identified in the CATERC20 audit report. Since the PORT3 token had previously renounced ownership to enhance decentralization, it happened to be in a vulnerable state that could be exploited.
After the hacker discovered this authorization validation flaw, at UTC time 20:56:24, they launched a RegisterChains operation from address 0xb13A...812E to register their address as an authorized address. The attacker then repeated the same attack method from multiple addresses such as 0x7C2F...551fF.
The official team
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Binance Will Delist PORT3 U Perpetual Contract
November 23rd. According to official channels, Binance will shut down all PORT3U inverse perpetual contracts at 14:30 on November 23rd, 2025 (Beijing Time) and carry out automatic settlement. Once the settlement is completed, the contract will be removed from the listing.
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OKX will list Zcash (ZEC) spot trading.
On November 23rd, according to official sources, OKX will list Zcash (ZEC) spot trading, with the following specific arrangements:
The opening time for ZEC deposits: 13:45 (UTC+8) on November 23, 2025.
The time for placing advance orders for ZEC: 19:00 to 20:00 (UTC+8) on November 24, 2025.
The start time of ZEC/USDT spot trading: 20:00 (UTC+8) on November 23, 2025.
The opening time for ZEC withdrawals: 22:00 (UTC+8) on November 23, 2025.
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Cryptocurrency ATM operator Crypto Dispensers is considering selling its assets for $100 million.
On November 23rd, as reported by The Block, the cryptocurrency ATM operator Crypto Dispensers is in the process of evaluating a potential sale worth $1 billion. Just a few days prior to this, the company's founder was indicted for his suspected participation in a $10 million money laundering conspiracy. The company declared that in recent years, the transformation of its business towards software operation was attributed to reasons such as "the escalation of fraud risks, regulatory pressure, compliance requirements, and low reuse rates," without making any mention of the specific charges.
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Tom Lee: 10/11 Flash Crash Explained as Abnormal USDE Plummet on a Certain Exchange Triggering Automatic Liquidations
On November 23rd, during an interview with CNBC, Tom Lee explained to the host the reason for the sharp drop in the cryptocurrency market on October 11th.
"The cryptocurrency market has a large number of automated processes. ADL (Automatic Deleveraging) is a typical example. When a user's account assets or collateral prices drop, the system will initiate a forced liquidation similar to a margin call in traditional markets.
While USDC maintained a price of 1 USD on other trading platforms, the internal quote on a certain exchange platform suddenly dropped to 0.65 USD. Due to the insufficient liquidity on that trading platform, the ADL mechanism was triggered, resulting in a large number of accounts being automatically liquidated. This chain reaction eventually spread throughout the entire market. As a result, thousands of cryptocurrency accounts were wiped out within minutes, even though they were profitable just a moment before." Essentially, this was a systemic risk caused by a code
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