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The open-source payment platform UPCX suspended transactions following an unauthorized withdrawal of approximately $70 million in digital assets. Blockchain security firm Cyvers identified the breach on April 1, flagging suspicious activity involving 18.4 million UPC tokens. Cyvers reported that an attacker gained control of a UPCX administrative wallet and modified its ProxyAdmin contract. This enabled the execution of a withdrawal function, leading to fund transfers from three different management accounts. The stolen tokens remain in a single wallet, with no observed attempts to swap or liquidate the assets. UPCX confirmed it had detected unauthorized access and took immediate action by suspending deposits and withdrawals. The platform assured users that their personal funds were unaffected and stated that an internal investigation is ongoing. 🚨Security Notice: Unauthorized Activity Detected🚨 UPCX has identified unauthorized activity involving our management account. As a precautionary measure, we are taking immediate action to ensure platform security. 🔹 UPCX deposits and withdrawals are temporarily suspended. 🔹… The attack triggered a decline in UPC’s token price, which fell 7% from $4.06 to $3.77, according to CoinGecko . As of press time, UPCX has not provided further details on potential remediation measures. The incident follows a broader trend of security vulnerabilities affecting crypto platforms, with attackers increasingly exploiting administrative functions to siphon funds. The UPCX breach adds to the rising concerns in Web3 security , emphasizing the need for improved smart contract security and access controls to prevent future incidents.

OpenAI makes a big move. With a funding round led by SoftBank, the AI company secures 40 billion dollars. Result: its valuation rises to 300 billion. A strong signal for the entire tech industry! It seems that AI company OpenAI is entering a phase of unprecedented growth. The financial contribution of 40 billion from SoftBank is indeed the largest private fundraising ever recorded in the technology sector. OpenAI’s valuation now reaches 300 billion dollars, positioning it just behind SpaceX in the ranking of the most valued private companies. The majority of the funds aim to strengthen technological infrastructure. OpenAI plans to allocate 18 billion to the Stargate project. This program aims to create a vast network of data centers specializing in AI in partnership with Oracle, SoftBank, and other industry players. In its statement , OpenAI claims it wants to use these resources to develop systems capable of: The technical ambitions are accompanied by a long-term vision. OpenAI aims to establish itself as the architect of a centralized, high-performance, and sustainable global AI. OpenAI will first receive 10 billion from SoftBank. To unlock the remaining 30 billion, the AI company will need to move away from its hybrid model to adopt a fully capitalist status. Indeed, the clause included by SoftBank stipulates a reduction of its investment to 20 billion if the legal transition does not occur before December 31, 2025. This shift therefore implies a formal disengagement from the historical non-profit branch, founded in 2015. It will require the approval: According to experts, this change could emerge internal tensions. Elon Musk, co-founder of OpenAI and a recurring critic of its governance, could indeed oppose this reconfiguration. Beyond legal considerations, the shift in model also raises questions about the very identity of the company: can it still embody a beneficial and open AI while yielding to the most classical financial logics? In any case, OpenAI confirms (once again!) its role in the AI revolution. Its future will depend on its ability to reconcile technological ambitions, economic demands, and ethical responsibilities, as shown in the roadmap recently unveiled by Sam Altman .

Sam Altman announces #OpenAI's return to open research with an upcoming open-weight model. 👤 🤖

Benson Sun, former FTX community partner, analyzed that the reason was that Binance adjusted the leverage position limit of ACT. A leverage of one times can only open a maximum position of 4.5 million US dollars. Some market makers’ positions exceeded the limit and were directly

U.S. stock markets open lower U.S. stock markets opened lower today. S&P500: -0.25% NASDAQ: -0.44% Dow: -0.29%