🚀 Bankex Files Lawsuit Against Matter Labs Over Alleged Technology Theft
#Bankex #MatterLabs #ZKsync #technologytheft #blockchain #Ethereum #lawsuit #VitalikButerin #Plasma #crypto #investmentfund #courtcase
According to Foresight News, the defunct blockchain company Bankex has filed a lawsuit against Matter Labs, the developer of ZKsync, alleging that former Bankex employees Alexandr Vlasov and Petr Korolev stole company technology to establish Matter Labs and develop ZKsync. The complaint states that in 2017, Ethereum co-founder Vitalik Buterin approached Bankex to build operational software for 'Plasma,' a technology aimed at reducing Ethereum's usage costs. At the time, Vlasov and Korolev were Bankex employees tasked by CEO Igor Khemel to complete the Plasma project.
Currently, Vlasov serves as the head of research and development at Matter Labs, while Korolev is the founder of blockchain security firm OXORIO. The lawsuit also names Matter Labs co-founder Alex Gluchowski, Dragonfly, a crypto-native investment fund, and Placeholder Capital partner and former Matter Labs co-director Chris Burniske, alleging their involvement and awareness of the theft.
A spokesperson for Matter Labs stated in an email to CoinDesk, "We believe these allegations are entirely unfounded. The complaint suggests that Matter Labs built ZKsync on code initially developed by Bankex. This is completely false. ZKsync is an original technology, not based on or derived from any code developed by Bankex. We stand by the integrity of our work and look forward to addressing these baseless claims in court once we receive the lawsuit."#Bankex #MatterLabs #ZKsync #technologytheft #blockchain #Ethereum #lawsuit #VitalikButerin #Plasma #crypto #investmentfund #courtcase
🚀 Plasma's Official Twitter Account Suspected of Hack
#Plasma #Twitter #hack #stablecoin #security #BlockBeats #crypto
According to BlockBeats, the official Twitter account of the stablecoin project Plasma appears to have been compromised. Hackers have reportedly posted several tweets containing suspicious links, and the comments section of the pinned tweet has been disabled.
BlockBeats advises users to protect their assets and avoid interacting with the compromised account.#Plasma #Twitter #hack #stablecoin #security #BlockBeats #crypto
🚀 Plasma Recovers Control After Account Breach on X Platform
#Plasma #AccountBreach #XPlatform #CyberSecurity #DataProtection #IncidentResponse #SecurityMeasures #ProfessionalAssistance
According to Odaily, Plasma reported that its official account on the X platform was taken over by external attackers around 11:00 UTC+8 today. The team promptly activated an alert mechanism and conducted a system review, successfully regaining control of the account without any financial risks detected. Plasma's founder, @pauliepunt, indicated that the attackers likely altered the organization's login credentials through the X platform's management backend. All traces of the breach have been removed, and account security measures have been strengthened. Plasma will continue a comprehensive post-incident analysis and provide further explanations as more information becomes available. The organization emphasized that its treasury assets were unaffected by the incident and has engaged a professional security team to assist with the investigation.#Plasma #AccountBreach #XPlatform #CyberSecurity #DataProtection #IncidentResponse #SecurityMeasures #ProfessionalAssistance
🚀 🔥 Binance Alpha to Feature Plasma (XPL) 🔥
#Binance #BinanceAlpha #Plasma #XPL #AirDrop #AlphaEvents
Binance announced on X that Binance Alpha will be the first platform to feature Plasma (XPL) on September 25, 2025.Eligible users can claim their airdrop using Binance Alpha Points on the Alpha Events page once trading opens. Further details will be announced soon.#Binance #BinanceAlpha #Plasma #XPL #AirDrop #AlphaEvents
🚀 🔥 Binance Adds Plasma (XPL) to HODLer Airdrops & Lists Spot Pairs Sept. 25 🔥
#Binance #Plasma #XPL #HODLerAirdrops #Airdrops #SpotListing #SpotTrading #USDT #USDC #BNB #FDUSD #TRY #XPLUSDT #BNBSmartChain #PlasmaNetwork #PlasmaExplorer
Binance has named Plasma (XPL)—a Layer-1, EVM-compatible chain for high-volume, low-cost stablecoin payments—as the 44th HODLer Airdrops project. Retroactive rewards go to users who held BNB in Simple Earn/On-Chain Yields from Sept. 10–13 (UTC). Spot trading opens Sept. 25, 13:00 UTC with XPL pairs against USDT, USDC, BNB, FDUSD, TRY. Binance Futures will also support XPL via XPLUSDT (details typically follow), and USDT deposits/withdrawals on Plasma Network are supported.Key Details at a GlanceAirdrop eligibility window: 2025-09-10 00:00 to 2025-09-13 23:59 (UTC)Airdrop amount: 75,000,000 XPL (0.75% of genesis supply)Spot listing: 2025-09-25 13:00 (UTC) — Pairs: XPL/USDT, XPL/USDC, XPL/BNB, XPL/FDUSD, XPL/TRYDeposits open: 2025-09-24 10:00 (UTC) for XPL and USDT (on Plasma Network)Alpha note: XPL will appear on Binance Alpha (time TBA) and won’t be showcased there after spot goes liveTag: SeedListing fee: 0Token EconomicsGenesis supply: 10,000,000,000 XPLMax supply: Infinite — 5% of initial max in Year 1, decreasing 0.5%/year to a 3% floorCirculating at listing: 1,800,000,000 XPL (18% of genesis)Marketing allocations: 50M XPL post-listing; 150M XPL six months later (details in separate notices)Network & ContractsChain: Plasma (Layer-1, EVM-compatible)BNB Smart Chain contract (bridge/wrapped ref): 0x405FBc9004D857903bFD6b3357792D71a50726b0Explorer: Plasma Explorer (link per Binance docs)How the HODLer Airdrop WorksIf you subscribed BNB to Simple Earn (Flexible/Locked) or On-Chain Yields during the eligibility window, Binance takes hourly balance snapshots across random periods and allocates XPL proportionally. Rewards land in Spot Accounts within ~24 hours of the announcement.BNB holding hard cap: User’s Avg BNB / Total Avg BNB ≤ 4% (excess counted as 4%)#Binance #Plasma #XPL #HODLerAirdrops #Airdrops #SpotListing #SpotTrading #USDT #USDC #BNB #FDUSD #TRY #XPLUSDT #BNBSmartChain #PlasmaNetwork #PlasmaExplorer
🚀 🔥 Binance Distributes 100M XPL Rewards to Plasma USDT Locked Product Subscribers 🔥
#Binance #XPL #Plasma #PlasmaUSDT #USDT #OnChainYields #Earn #Airdrop #Rewards #Snapshot #LockedProduct #USDTSubscribers #MiCA #EEA #Stablecoins #GenesisSupply #Layer1 #BinanceEarn
Binance has confirmed the distribution of 100,000,000 XPL (1% of total supply) to eligible users of the Plasma USDT Locked Product under Binance Earn’s On-Chain Yields. Rewards are calculated from daily snapshots taken between Aug. 20 – Sept. 24, 2025, and will be airdropped to Spot Accounts starting Sept. 25, 2025.Key DetailsTotal Rewards: 100,000,000 XPL (1% of genesis supply)Snapshot Period: Aug. 20 – Sept. 24, 2025 (36 days)Reward Calculation:Based on user’s average daily USDT holdings in the Plasma USDT Locked ProductCompared proportionally against the total subscription poolAccrual starts one day after subscription and ends the day after redemptionDistribution Date: From Sept. 25, 2025Claiming: Automatic airdrop to Spot Accounts (check via Assets > Overview > History > Distribution)For USDT SubscribersContinuing Subscribers: Existing subscriptions will be automatically upgraded (upgrade details to follow).Redeeming Users: Early redemption does not affect accrued rewards.Users will receive their full USDT balance plus calculated XPL rewards.Funds are returned to Spot Accounts within 3 days of redemption.About Plasma (XPL)Chain Type: Layer-1, EVM-compatible blockchain for stablecoin paymentsGenesis Supply: 10,000,000,000 XPLCirculating Supply at Listing: 1.8B XPL (18% of total)Spot Trading on Binance: Starts Sept. 25, 2025, 13:00 UTCImportant NotesRewards are retroactive—no action required if you subscribed during the eligibility period.On-Chain Yields involves risk (protocol failure, smart contract issues, volatility). Binance does not guarantee principal or returns.Listings & Earn products are independent. Participation in On-Chain Yields does not imply token listing, and vice versa.MiCA compliance: Unauthorized stablecoins remain restricted for EEA users.#Binance #XPL #Plasma #PlasmaUSDT #USDT #OnChainYields #Earn #Airdrop #Rewards #Snapshot #LockedProduct #USDTSubscribers #MiCA #EEA #Stablecoins #GenesisSupply #Layer1 #BinanceEarn
🚀 Binance Alpha Launches Plasma (XPL) Airdrop With 200 Alpha Point Minimum
#BinanceAlpha #Binance #Plasma #XPL #airdrop #AlphaPoints #Phase1 #Phase2 #twoPhaseAirdrop #trading #launch
Key Takeaways:Binance Alpha is the first platform to launch Plasma (XPL) trading on Sept. 25, 2025, at 19:00 (UTC+8).Phase 1 airdrop: Users need 200 Alpha Points to claim 180 XPL tokens.Phase 2 airdrop: Threshold drops to 100 Alpha Points, decreasing 15 points per hour in final six hours.Plasma (XPL) Debuts on Binance AlphaBinance Alpha announced it will be the first platform to list Plasma (XPL), a Layer 1 blockchain designed for stablecoin payments. Trading begins on Sept. 25, 2025, at 19:00 (UTC+8).Eligible Binance users can claim 180 XPL tokens within 24 hours of the trading launch by redeeming Alpha Points on the Alpha event page.Two-Phase Airdrop StructurePhase 1 (first 18 hours): Minimum requirement of 200 Alpha Points to participate.Phase 2 (last 6 hours): Minimum requirement drops to 100 Alpha Points. The threshold will automatically decrease by 15 points every hour until the event closes, with rewards distributed on a first-come, first-served basis.#BinanceAlpha #Binance #Plasma #XPL #airdrop #AlphaPoints #Phase1 #Phase2 #twoPhaseAirdrop #trading #launch
🚀 Binance to List Plasma (XPL) Across Multiple Trading Services
#Binance #Plasma #XPL #SimpleEarn #BinanceConvert #BinanceMargin #CrossMargin #IsolatedMargin #BinanceFutures #PerpetualContract #ZeroFees #BTC #USDT #VISA #MasterCard #GooglePay #ApplePay #KYC #APR #Promo #XPLTrading #XPLSpot #XPLUSDT #XPLUSDC #SpotTrading
According to the announcement from Binance, Plasma (XPL) is set to be integrated into several Binance services, including Simple Earn, Buy Crypto, Binance Convert, Binance Margin, and Binance Futures. The rollout will occur at specific dates and times, beginning with the listing of XPL Flexible Products on Binance Simple Earn on 2025-09-25 at 13:00 (UTC). A special offer featuring a 200% APR for XPL Locked Products will be available starting 2025-09-26 at 00:00 (UTC) for eligible users. This offer is accessible on a first-come, first-served basis, with specific subscription limits in place.
To qualify for the special offer, new Binance users must complete identity verification during the promotion period, while existing verified users need to achieve a minimum spot trading volume of $50 equivalent. The promotion runs from 2025-09-26 00:00 (UTC) to 2025-10-09 23:59 (UTC). Users can expect up to a 48-hour delay before accessing the offer. Additionally, XPL will be available for purchase using various payment methods, including VISA, MasterCard, Google Pay, and Apple Pay, within an hour of its listing on Binance Spot.
Binance Convert will allow trading of XPL against BTC, USDT, and other tokens at zero fees shortly after its spot listing. On the margin front, XPL will be added as a borrowable asset on Cross and Isolated Margin, with trading pairs XPL/USDT and XPL/USDC available from 2025-09-25 at 13:00 (UTC). Users are advised to exercise caution due to potential volatility of newly listed tokens. Binance Futures will transition the USDⓈ-M XPL Perpetual Contract from pre-market trading to standard trading on 2025-09-25 at 13:00 (UTC), with a gradual transition period lasting up to three hours. The contract will support multi-assets mode, allowing trading across various margin assets. Further adjustments to contract specifications may occur based on market conditions.#Binance #Plasma #XPL #SimpleEarn #BinanceConvert #BinanceMargin #CrossMargin #IsolatedMargin #BinanceFutures #PerpetualContract #ZeroFees #BTC #USDT #VISA #MasterCard #GooglePay #ApplePay #KYC #APR #Promo #XPLTrading #XPLSpot #XPLUSDT #XPLUSDC #SpotTrading
🚀 Aave's Plasma Network Deposits Surpass $6.5 Billion
#Aave #Plasma #PlasmaNetwork #DeFi #Crypto #Blockchain #ForesightNews
According to Foresight News, official data reveals that deposits on Aave's Plasma network have exceeded $6.5 billion. Within less than a week since its launch, Plasma has become the second-largest network for Aave deployments.#Aave #Plasma #PlasmaNetwork #DeFi #Crypto #Blockchain #ForesightNews
🚀 TRON Network Sees Significant Stablecoin Inflow
#TRON #StablecoinInflow #Stablecoins #PANews #Cointelegraph #PLASMA #Network #TRX
According to PANews, data from Cointelegraph reveals that in the past 24 hours, the TRON network experienced a stablecoin inflow of $1.1 billion. In contrast, the PLASMA network saw a stablecoin outflow amounting to $996 million.#TRON #StablecoinInflow #Stablecoins #PANews #Cointelegraph #PLASMA #Network #TRX
🚀 Ethereum Leads Stablecoin Inflows Over Three Months
#Ethereum #Stablecoin #Blockchain #Crypto #Solana #Plasma #Cryptocurrency #DeFi #ETH #SOL
According to ChainCatcher, Ethereum has emerged as the leading blockchain in terms of stablecoin net inflows over the past three months. Ethereum network saw approximately $12.5 billion worth of stablecoins flow into its ecosystem, highlighting its dominance in the stablecoin market. Solana and Plasma followed as the second and third-ranked blockchains in stablecoin inflows.#Ethereum #Stablecoin #Blockchain #Crypto #Solana #Plasma #Cryptocurrency #DeFi #ETH #SOL
🚀 Binance Wallet Integrates New dApps Including Yield Yak and Velo
#BinanceWallet #dApps #YieldYak #Velo #DeFi #Plasma #Eesee #FightID #RateX #Kvants #Vooi #pvpfun #AgentLisa #DigitalAssets #Blockchain #Cryptocurrency
Binance Wallet announced on X the integration of several new decentralized applications (dApps) into its platform. The newly added dApps include Yield Yak, Velo, Plasma, Eesee, FightID, Rate-X, Kvants, Vooi, pvpfun, and AgentLisa. This expansion aims to enhance the user experience by providing a broader range of services and functionalities.
The integration of these dApps is part of Binance Wallet's ongoing efforts to offer diverse options for its users. Yield Yak and Velo are among the notable additions, known for their innovative approaches in the decentralized finance (DeFi) space. Plasma and Eesee also bring unique features to the platform, catering to different user needs. FightID, Rate-X, Kvants, Vooi, pvpfun, and AgentLisa further diversify the offerings, each contributing distinct capabilities to the Binance Wallet ecosystem.
These integrations reflect Binance Wallet's commitment to expanding its digital asset ecosystem and providing users with access to a wide array of decentralized services. By incorporating these dApps, Binance Wallet continues to position itself as a versatile platform for digital asset management and interaction. Users can explore these new additions to discover the various opportunities they present within the Binance Wallet environment.#BinanceWallet #dApps #YieldYak #Velo #DeFi #Plasma #Eesee #FightID #RateX #Kvants #Vooi #pvpfun #AgentLisa #DigitalAssets #Blockchain #Cryptocurrency
🚀 USDT0 Launches on Tempo Blockchain Developed by Stripe and Paradigm
#USDT0 #TempoBlockchain #Stripe #Paradigm #LayerZero #Omnichain #Stablecoin #Blockchain #Ethereum #Layer2 #Bitcoin #Monad #HyperLiquid #Stable #Plasma
USDT0, a stablecoin protocol, has been launched on the Tempo blockchain, which was developed collaboratively by Stripe and Paradigm. According to ChainCatcher, USDT0 is issued based on LayerZero's Omnichain Fungible Token standard and is pegged 1:1 with USDT. It utilizes a lock and mint/burn mechanism to facilitate seamless transfers across multiple chains without the need for bridges. The protocol is now deployed on at least 23 networks, including Ethereum mainnet, major Layer 2 solutions, Monad, HyperLiquid, and Bitcoin scaling networks such as Corn and Rootstock, as well as dedicated USDT networks like Stable and Plasma.#USDT0 #TempoBlockchain #Stripe #Paradigm #LayerZero #Omnichain #Stablecoin #Blockchain #Ethereum #Layer2 #Bitcoin #Monad #HyperLiquid #Stable #Plasma
🚀 Crypto Hedge Fund Split Capital Shuts Down as Founder Joins Plasma
#CryptoHedgeFund #SplitCapital #Plasma #ZaheerEbtikar #Cryptocurrency #CryptoIndustry #InvestorSentiment #MarketDynamics
Crypto hedge fund Split Capital has returned funds to its investors and ceased operations. According to NS3.AI, the decision comes as the founder, Zaheer Ebtikar, transitions to a new role at Plasma. This move marks a significant shift in Ebtikar's career, as he joins the team at Plasma, a company known for its innovative approaches in the cryptocurrency sector. The closure of Split Capital reflects broader trends in the crypto hedge fund industry, where market dynamics and investor sentiment continue to evolve.#CryptoHedgeFund #SplitCapital #Plasma #ZaheerEbtikar #Cryptocurrency #CryptoIndustry #InvestorSentiment #MarketDynamics