The Block - 2026-05-31
3 items collected.
1. Dev helps rescue $2 million locked in 2016 ICO contract for nine years with whitehat exploit
Author: Zack Abrams
Published: 5/31/2026, 9:34:48 PM
Categories: Crypto Ecosystems, DeFi, Security, Exploits, whitehat
The developer told The Block that two of 48 eligible investors have already claimed 96.5 ETH that was unfrozen, worth nearly $200,000 at current prices.
2. Sui traces three mainnet halts to upgrade bugs, including a fix it knew carried halt risk
Author: Zack Abrams
Published: 5/31/2026, 8:46:27 PM
Categories: Crypto Ecosystems, Layer 1s, network-outage, Sui
The Sui Foundation said no user funds were at risk and credited AI agents with speeding up its diagnosis of the incidents.
3. Cardano Foundation cancels 2026 summit after treasury funding vote falls just short
Author: Zack Abrams
Published: 5/31/2026, 3:33:24 PM
Categories: Crypto Ecosystems, Layer 1s, cardano foundation, token2049
The measure needed two-thirds support but got only 65%, even after late endorsements from Cardano's founder and the Foundation CEO.