The Polylog Crypto Intelligence Brief

Morning Edition · Sunday, October 11, 2026

Crypto

Ledger Halts Southeast Asian Reseller After Up to $93 Million Is Drained From Customers' Wallets

Investigators say the leading explanation is a hidden component inside sealed devices that reads the recovery words, which would move the risk from Ledger's code to the route a device takes to its buyer.

6 sources
Corroborated

Crypto

XRP Ledger Discloses Decade-Old Overflow Bug That Could Have Created XRP Beyond Its 100 Billion Cap

RippleX shipped the fix on September 25 without saying what it repaired and skipped the usual validator amendment vote, then disclosed the flaw on October 9 and said it found no evidence of exploitation.

4 sources
Corroborated

Geopolitics

Bessent Says US Will Probably Seize $1 Billion of Iranian Crypto This Week

The Treasury Secretary did not name the asset or the method, but past US actions against Iran's crypto have relied on stablecoin issuers that can freeze tokens.

4 sources
Plausible

Crypto

Aztec Relaunches zk.money With a $2,500 Cap While Its Proving-System Flaw Remains Unfixed

Aztec's V5 proving system can accept proofs for transactions the network should reject, the team cannot tell whether anyone used the flaw, and the fix waits for the V6 release later this year.

5 sources

Crypto

Bitget's $387.5 Million Backend Breach Leads a Run of Losses in Off-Chain Signers, Oracles and Bridges

September losses reached about $768 million, and most of the large incidents came from compromised credentials, signing keys and price feeds rather than flawed contract code.

9 sources
Corroborated

Crypto

Miden Launches a Private-Finance Stack and Bread, a Wallet That Proves Every Transaction on the User's Device

The chain sees only a 32-byte commitment for each transaction, and Miden is pitching that design to stablecoin issuers, treasuries and banks rather than only to retail privacy users.

3 sources

Crypto

China Orders a National Blockchain Network and an Integrated Computing-Power Grid

The 19-measure document treats distributed ledgers as state infrastructure for manufacturing, banking and data sharing, while Hong Kong warns unlicensed payment platforms that it will take enforcement action.

4 sources
Corroborated

Crypto

Draft ERC-8403 Proposes a Common Way for Ethereum Accounts to Add and Revoke Keys, Including Post-Quantum Ones

The draft fills a gap in native account abstraction, which lets an account hold many keys but leaves each wallet to define key changes in its own way.

3 sources

Crypto

CFTC Proposes Defining Event Contracts as Swaps and Excludes Sportsbook and Casino Wagers

The companion rule on casino-style products takes effect on publication, but neither rule settles whether states can block prediction markets under their gambling laws.

3 sources
Corroborated

Crypto

Robinhood Chain Transactions Fall More Than 40% Since Mid-September and Value Secured Drops 8.4% in a Week

Daily activity fell from 10.8 million to 6.2 million transactions even though Robinhood pays the network fees on customer swaps.

2 sources

Markets

A Year After the $19 Billion Flash Crash, Bitcoin and Ether Order Books Are Deeper While Altcoin Liquidity Keeps Thinning

Ether exchange-traded funds posted their largest weekly net outflow since late January, while a new HyperEVM exchange opened with up to 1,000 times leverage.

6 sources

Crypto

BTCPay Server Docker Users Must Now Choose Tor During Updates to Keep Onion Access

Existing Tor data is preserved, but merchants who skip the setting lose their onion addresses, which shows how easily privacy features drop out of use when they stop being the default.

2 sources