Телеграм канал «Venom Foundation Official»

📰 Bridges Are Crypto’s Achilles’ Heel: A New HackerNoon Article by VF CEO Christopher Louis Tsu 📰

Venom Foundation CEO Christopher Louis Tsu breaks down why bridges keep getting hit hard, why the real test isn’t just the code or the audits, and what actually separates solid teams when something breaks in his latest article on HackerNoon.

🔑 Key to correcting the problem are speed, precision, verified info, and real preparation.

👉 Check out the full article here: 🔗 https://hackernoon.com/bridges-are-cryptos-weakest-point-incident-response-is-the-real-test

💰 $100 GIVEAWAY 💰

To Participate:

1️⃣ Follow Venom on 𝕏
2️⃣ Like & RT & bookmark this post on 𝕏 🔁
3️⃣ Tweet the text below on your Twitter (𝕏) page:

💰250K $VENOM Trading Competition is LIVE!

@Venom_network_ launched a Grid League on @origamitech_

💱Pair: VENOM/ $USDT on @kucoincom
📅Until Aug 22
💰Prize Pool: 250K VENOM

Climb the leaderboard & grab your share of rewards👉 https://cutt.ly/LyauQsuN
#Trading #KuCoin #Giveaway

4️⃣ Send a link to your tweet in the comments below this post on 𝕏

And you're in! ✅

On Aug 22, twenty random winners will share the pool equally.

🏆 New Venom × Origami Tech Trading Competition on KuCoin 🏆

Ready to prove your trading skills?

@origami_tech is launching a new trading comp with a 250,000 $VENOM prize pool on KuCoin.

📅 Competition period:
August 8, 12:00 UTC – August 22, 12:00 UTC

📊 This is a Grid League event, which means that it is based on volume: the more you trade, the higher your rank, the bigger your share of the winnings.

🔗 Join the competition now and win your share of the prize pool: https://app.origami.tech/competitions/233

💰 Venom Discord Rewards Live 💰

Active rewards right now on Venom Discord:

• $100 giveaway for Ambassadors every 10 days
• $50 giveaways rotating across Associate → Bachelor → Master → Doctor every 10 days
• $100 X.com giveaway every two weeks
• Regular quizzes on Venom, blockchain & Bitcoin - win USDT + XP

No passive watching. ⚡️ Participate and get paid.

👉 Get started: https://discord.gg/venomfoundation

⚡️ Switch to SparX: the cutting-edge wallet for Venom’s upgraded protocol ⚡️

⬇️ What's awaiting you:

• Same addresses & seed phrases
• Staking/unstaking built-in
• Unified ecosystem experience
• Better UX and architecture

📲 Download: https://sparxwallet.com/download

🛡 ChainConnect Post-Mortem: Alien Proxy Callback Exploit 🛡

On July 26th, an unauthorized caller exploited an access-control flaw in a ChainConnect bridge contract on Venom 2.0.

The vulnerability was in their application-level code (specifically the ProxyMultiVaultAlien_V10.onCheckAccumulatedFee callback), which lacked proper sender verification. This allowed the minting of unbacked Alien TIP-3 tokens that were then bridged to Ethereum through the standard flow.

The issue was not related to Venom, the TVM, the TIP-3 standard, network infrastructure, relays, or any core components. No keys or privileged access were compromised.

Actions taken and fund recovery

ChainConnect has taken full responsibility, patched the vulnerability across all affected deployments, and conducted a thorough review of their callback and minting logic.

👉 82.9% of the affected funds (~615k USD) were returned, with 17.1% retained as a bounty.

Venom and ChainConnect
Venom is an independent public blockchain. ChainConnect is a separate project building on the broader ecosystem. Our team assisted them during the investigation, but we were not involved in the root cause.

🔗 Full technical post-mortem from ChainConnect: telemetr.me/chainconnect_news/9

➡️ Time to Move Beyond Active Addresses ➡️

Venom Foundation’s new report calls out active addresses as an unreliable metric for blockchain adoption. 🤖 Many are inflated by Sybils, bots, and automated activity, giving a false picture of real user growth.

They propose better, manipulation-resistant metrics focused on genuine usage.

🔍 Check out the full details in Blockchain Reporter: 🔗 https://blockchainreporter.net/venom-foundation-calls-for-better-blockchain-adoption-metrics-beyond-active-addresses/