Buy U.S. Stocks Onchain and Earn Dividends? MEXC × Ondo Finance's Five New Tokenized Pairs, Explained

MEXC and Ondo Finance just launched five tokenized U.S. stock pairs — CCJON, TTMION, RMBSON, SYMON, KEELON — covering uranium energy, semiconductors, and industrial tech. Plus: MEXC's new RealStocks

<div><h2><strong style="font-weight:bolder">Overview</strong></h2><div> </div><div>In late June 2026, Crypto Twitter's most-watched Solana bull triggered a chain reaction that played out directly on-chain. Crypto KOL Ansem (@blknoiz06), boasting close to one million followers on X, publicly called out Solana token launchpad Pump.fun for refusing to distribute rewards to users, and announced he would personally deliver a financial "stimulus" to retail traders in the trenches. The statement detonated sentiment around the ANSEM (The Black Bull) meme coin on Solana. The token subsequently listed on <a target="_blank" href="https://www.mexc.com" rel="noopener noreferrer">MEXC</a> spot under the zero-fee Meme+ program, recording a peak gain of approximately 2,400% post-listing. Ansem personally replied to MEXC's listing announcement with a thank-you comment, a post that crossed 10,000 views. The episode illustrates once again how KOL narrative and timely exchange listings can combine into explosive short-term price action inside the Solana ecosystem.</div><div> </div><div style="text-align:center"><img style="max-width:100%;height:auto" src="https://multilingual.mocortech.com/cms-content-file/2026-06-29/F20260629170707972d7cPgVPk9Lsltq" /></div><div> </div><h2>Key Takeaways</h2><div> </div><div>Ansem's public dispute with Pump.fun, framed as a direct rebate to retail traders, ignited immediate on-chain demand for the ANSEM token</div><div> </div><div>On-chain data from GMGN tracked ANSEM's market cap briefly surpassing $100 million within 24 hours of the initial catalyst</div><div> </div><div>ANSEM recorded a peak gain of roughly 2,400% after listing on MEXC spot, which placed it in the zero-fee Meme+ program</div><div> </div><div>Ansem personally commented on MEXC's listing tweet to express thanks; the post exceeded 10,000 impressions</div><div> </div><div>One early buyer turned approximately $2,330 into a paper gain of over $614,000, a return exceeding 26,000%</div><div> </div><div>Solana's sub-cent fees and 400-millisecond block times remain the structural foundation enabling this category of rapid meme speculation</div><div> </div><div><div><div>Meme coins of this type carry extreme volatility; prices can reverse as fast as they rise</div><div><div> </div></div></div></div><h2>Why Ansem Picked a Fight with Pump.fun</h2><div> </div><div>Ansem has operated as one of Solana's most prominent public voices for several years, known for combining technical analysis with meme culture and maintaining a loyal following across Crypto Twitter. On June 28, 2026, he posted on X that because Pump.fun had refused to airdrop funds to the community, he would personally hand out a "stimmy" to "the trenches" — the informal term for on-chain meme traders grinding low-cap Solana tokens.</div><div> </div><div>The statement's power came less from its content and more from its framing. By positioning himself as a champion of retail traders against a major platform, Ansem activated a narrative of defiance that resonated strongly within Solana's on-chain community. Any token bearing his name became an immediate vehicle for that sentiment.</div><div> </div><div>According to <a target="_blank" href="https://finbold.com/how-crypto-turned-2k-into-over-600k-in-hours/" rel="noopener noreferrer">Finbold, citing Lookonchain on-chain data</a>, one trader who entered early purchased 14.2 million ANSEM tokens for around $2,330. With the token surging more than 220 times in 24 hours, the wallet's combined realized and unrealized gains climbed above $614,000, with roughly 70% of the original position still held at the time of reporting.</div><div> </div><h2>From Zero to $100 Million: ANSEM's On-Chain Trajectory</h2><div> </div><div>The Black Bull (ANSEM) deployed its first tracked liquidity pool on Solana around June 16, 2026. For nearly two weeks the token remained obscure.</div><div> </div><div>The sequence that followed Ansem's post was rapid. <a target="_blank" href="https://www.kucoin.com/news/flash/ansem-market-cap-surpasses-50m-hits-all-time-high" rel="noopener noreferrer">GMGN data cited by KuCoin</a> shows ANSEM climbing from low single-digit millions to briefly touching a $50 million market cap. A follow-up "vibe check" post from Ansem reignited buying and pushed the token up another 130% within 45 minutes, ultimately helping the market cap cross $100 million. At its peak, <a target="_blank" href="https://www.mexc.com/price/ANSEM/EUR" rel="noopener noreferrer">MEXC data</a> showed 24-hour DEX volume exceeding $90 million with over 23,000 token holders.</div><div> </div><div>At that volume level, ANSEM topped Pump.fun's 24-hour leaderboard, significantly outpacing every other meme coin active on the platform during the same window.</div><div> </div><h2>MEXC Lists First, Ansem Says Thanks</h2><div> </div><div>As the on-chain momentum built, <a target="_blank" href="https://www.mexc.com" rel="noopener noreferrer">MEXC</a> moved quickly to add <a target="_blank" href="https://www.mexc.com/exchange/ANSEM_USDT/" rel="noopener noreferrer">ANSEM</a> to its spot market under the Meme+ program, offering zero-fee trading. Per <a target="_blank" href="https://www.coingabbar.com/en/price-prediction/the-black-bull-price-prediction-ansem-mexc-kcex-listings" rel="noopener noreferrer">CoinGabbar's coverage</a>, MEXC Alpha's listing announcement described the addition as "First in Market" and the post accumulated over 33,000 impressions within hours — rare traction for a token less than two weeks old.</div><div> </div><div>ANSEM's price recorded a peak gain of approximately 2,400% following the MEXC listing. Adding a layer of social validation, <a target="_blank" href="https://x.com/Alpha_MEXC/status/2071134305582297284" rel="noopener noreferrer">Ansem himself commented on MEXC's listing tweet</a> to thank the platform, with that interaction surpassing 10,000 views and generating additional community buzz.</div><div> </div><div>Traders looking to access early-stage Solana meme coin listings can open an account on MEXC and trade directly through the spot market.</div><div> </div><div><a target="_blank" href="https://www.mexc.com/register" rel="noopener noreferrer">Create Your MEXC Account and Trade Trending Tokens</a></div><div> </div><h2>Why Solana Keeps Producing These Events</h2><div> </div><div>ANSEM is not an anomaly. It is the latest iteration of a pattern that Solana's infrastructure actively enables.</div><div> </div><div>Block times of 400 milliseconds and transaction fees below $0.01 mean that when a narrative catches fire, on-chain traders can rotate in and out dozens of times in a single session without meaningful cost friction. <a target="_blank" href="https://coinranking.com/coins/solana-meme" rel="noopener noreferrer">Coinranking's analysis of the Solana meme ecosystem</a> describes this as a "cultural flywheel": a KOL posts a ticker, Crypto Twitter raids, Jupiter's trending page amplifies, Pump.fun's front page picks it up, TikTok carries the second-order signal, and the loop restarts. Jupiter DEX aggregator also provides slippage below 2% on million-dollar exits, while wallet-level token verification from Phantom lowers the friction for new participants.</div><div> </div><div>For centralized exchanges, the question is always speed. MEXC has established a track record in this space, having listed BONK, WIF, and PEPE during their early momentum phases — with PEPE recording approximately 370% gains in its first week on the platform. Fast listing combined with the Meme+ zero-fee structure gives MEXC a structural edge in capturing volume during these sentiment-driven events.</div><div> </div><h2>The KOL Effect: Power and Limits</h2><div> </div><div>The ANSEM episode makes the mechanics of KOL-driven meme markets unusually transparent.</div><div> </div><div>Ansem's credibility was not manufactured for this occasion. It accumulated over years of active, opinionated participation in Solana's ecosystem. When he framed his action as a direct response to a perceived grievance — Pump.fun withholding rewards from retail traders — he converted that credibility into a full narrative arc with a protagonist, an antagonist, and a beneficiary. That structure travels fast on social media.</div><div> </div><div>That said, context matters for risk assessment. <a target="_blank" href="https://www.dextools.io/news/ansem-disavows-ansem-memecoins-onchain-data-june-2026" rel="noopener noreferrer">DEXTools has reported</a> that multiple distinct tokens bearing the Ansem name circulate on Solana simultaneously, and that Ansem's verified account (@blknoiz06) has distanced itself from some of them. Before trading any ANSEM-ticker token, verifying the exact contract address against the listing on a regulated platform such as MEXC or against a verified DEX aggregator page is essential.</div><div> </div><h2>MEXC Crypto Pulse Research Team — Exclusive Perspective</h2><div> </div><div>The ANSEM event offers a textbook example of how narrative architecture shapes meme market cycles. Several observations stand out from the MEXC Crypto Pulse team's perspective.</div><div> </div><div><strong style="font-weight:bolder">The adversarial narrative is becoming a repeatable meme playbook.</strong> Ansem did not simply endorse a token. He created a story in which buying ANSEM was an act of alignment with retail traders against a platform that had let them down. This kind of "us vs. them" framing generates emotional commitment that sustains buying pressure longer than a straightforward endorsement. Expect more events structured this way as long as the Solana launchpad ecosystem remains contentious.</div><div> </div><div><strong style="font-weight:bolder">Exchange listing speed is now a measurable competitive variable.</strong> MEXC's decision to list ANSEM under the Meme+ zero-fee program during peak community attention — and the consequent public acknowledgment from Ansem himself — illustrates that listing timing is not merely an operational choice; it is a brand-building moment. Being first in market during a viral event compounds into long-term user trust among the meme-trading community.</div><div> </div><div><strong style="font-weight:bolder">The compression of the full market cycle is accelerating.</strong> ANSEM reached a nine-figure market cap in under 24 hours and experienced equally sharp corrections. This is not a bug in the system — it reflects the low friction and high liquidity depth that Solana offers. For traders, it means the window between entry signal and exit execution is now measured in minutes rather than days. Position sizing and predefined exit levels are not optional risk management — they are the only viable strategy in this environment.</div><div> </div><div><strong style="font-weight:bolder">On-chain data tells a more nuanced story than headline numbers.</strong> Multiple data points circulated during the ANSEM event with significant variation, reflecting the fragmented nature of Solana's token landscape. Verifying market cap figures against specific contract addresses, rather than relying on aggregator snapshots alone, remains a non-negotiable discipline for anyone trading this category of asset.</div><div> </div><h2>FAQ</h2><div> </div><h3>What is ANSEM (The Black Bull)?</h3><div> </div><div>ANSEM, also known as The Black Bull, is a Solana-based meme coin that deployed its first liquidity pool in mid-June 2026. Like most meme coins, it has no underlying utility or fundamental business model. Its price is driven entirely by community sentiment, social media momentum, and influencer association.</div><div> </div><h3>Who is Ansem, and what is his connection to the ANSEM token?</h3><div> </div><div>Ansem (@blknoiz06) is a prominent crypto KOL with close to one million followers on X, widely associated with Solana coverage and meme trading commentary. The ANSEM token gained traction through the association with his name and his June 28, 2026 post about distributing a "stimmy" to retail traders. Investors should note that multiple tokens using the Ansem name exist on Solana; contract address verification is essential before trading.</div><div> </div><h3>Why did ANSEM surge after listing on MEXC?</h3><div> </div><div>MEXC listed ANSEM during peak market momentum and placed it in the zero-fee Meme+ program, opening access to a large user base that had not participated in the on-chain DEX phase. The combination of new liquidity, reduced trading friction, and Ansem's own public engagement with the listing announcement accelerated buying pressure and price discovery.</div><div> </div><h3>How can I trade ANSEM on MEXC?</h3><div> </div><div>After registering and completing identity verification on MEXC, users can trade ANSEM through the ANSEM/USDT spot pair. MEXC supports multiple fiat on-ramp methods including credit card and bank transfer, making entry straightforward for users who have not previously traded on-chain.</div><div> </div><h3>What are the main risks of investing in meme coins?</h3><div> </div><div>Meme coins are among the highest-risk assets in the crypto market. Prices depend entirely on sentiment, which can collapse as quickly as it forms. Key risks include: KOL disengagement triggering demand collapse, early holders selling concentrated positions into rallies, liquidity drying up after initial excitement fades, and counterfeit tokens impersonating established names. Participants should only allocate capital they can afford to lose entirely.</div><div> </div><h3>How do I verify which ANSEM token is legitimate?</h3><div> </div><div>On Solana, multiple tokens can share the same ticker symbol. Cross-reference the token's contract address against the listing on a regulated exchange such as MEXC, or check the Jupiter Exchange and Phantom wallet verified token lists. Never trade based on a ticker alone — always confirm the exact contract address.</div><div> </div><h2>Disclaimer</h2><div> </div><div>This article is produced by the MEXC Crypto Pulse Research Team for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets, and meme coins in particular, carry extreme volatility and speculative risk. Historical price performance data referenced in this article reflects point-in-time observations and does not represent future results. Readers should conduct independent research, assess their own risk tolerance, and consult a qualified financial adviser before making any investment decisions. MEXC does not accept liability for any investment decisions made on the basis of this content.</div><div> </div><h2>About the Author</h2><div> </div><div>This article was written by the MEXC Crypto Pulse Research Team. MEXC Crypto Pulse focuses on real-time market analysis, on-chain data interpretation, and crypto event coverage, delivering timely and objective insights to a global user base. Founded in 2018, MEXC serves more than 30 million users worldwide and is recognized for its rapid token listings, broad trading pair coverage, and deep liquidity.</div><div> </div><h2>Sources</h2><div> </div><div><a target="_blank" href="https://finbold.com/how-crypto-turned-2k-into-over-600k-in-hours/" rel="noopener noreferrer">How crypto turned $2k into over $600k in hours — Finbold</a></div><div><a target="_blank" href="https://www.kucoin.com/news/flash/ansem-market-cap-surpasses-50m-hits-all-time-high" rel="noopener noreferrer">ANSEM Market Cap Surpasses $50M, Reaches All-Time High — KuCoin</a></div><div><a target="_blank" href="https://www.kucoin.com/news/flash/solana-meme-coin-ansem-surges-115x-in-24-hours-short-term-market-cap-hits-32m" rel="noopener noreferrer">Solana meme coin ANSEM surges 115x in 24 hours, short-term market cap reaches $32M — KuCoin</a></div><div><a target="_blank" href="https://www.dextools.io/news/ansem-disavows-ansem-memecoins-onchain-data-june-2026" rel="noopener noreferrer">Ansem Disavows the $ANSEM Memecoins Trading on His Name — DEXTools</a></div><div><a target="_blank" href="https://www.coingabbar.com/en/price-prediction/the-black-bull-price-prediction-ansem-mexc-kcex-listings" rel="noopener noreferrer">The Black Bull Price Prediction: ANSEM MEXC KCEX Listings — CoinGabbar</a></div><div><a target="_blank" href="https://coinranking.com/coins/solana-meme" rel="noopener noreferrer">Top Solana Meme Coins by Market Cap — Coinranking</a></div><div><a target="_blank" href="https://www.mexc.com/price/ANSEM/info" rel="noopener noreferrer">What is The Black Bull | How ANSEM Works — MEXC</a></div><div><a target="_blank" href="https://x.com/Alpha_MEXC/status/2071134305582297284" rel="noopener noreferrer">Alpha MEXC Listing Tweet (Ansem Comment) — X (Twitter)</a></div><div><a target="_blank" href="https://www.coingecko.com/en/coins/the-black-bull" rel="noopener noreferrer">The Black Bull (ANSEM) Live Price — CoinGecko</a></div><div><a target="_blank" href="https://www.mexc.com/news/1166919" rel="noopener noreferrer">Top Solana Meme Coins June 2026 — MEXC News</a></div><div><a target="_blank" href="https://www.coindesk.com/sponsored-content/mexc-a-coin-hunter-s-paradise-for-meme-coins" rel="noopener noreferrer">MEXC: A Trend Spotters Paradise for Meme Coins — CoinDesk Sponsored</a></div><div> </div><div>Want the fastest access to MEXC's latest updates? Join our <a target="_blank" href="https://t.me/MEXCEnglish" rel="noopener noreferrer">official Telegram group</a> now!</div><div>MEXC Platform: <a target="_blank" href="https://www.mexc.com/download" rel="noopener noreferrer">Download App</a> | <a target="_blank" href="https://www.mexc.com/zero-fee" rel="noopener noreferrer">Zero Fee Trading</a> | <a target="_blank" href="https://www.mexc.com/buy-crypto?utm_source=header&utm_medium=button&utm_campaign=otc" rel="noopener noreferrer">Buy USDT Now</a></div><div>Join MEXC Community: <a target="_blank" href="https://x.com/MEXC" rel="noopener noreferrer">X (Twitter)</a> | <a target="_blank" href="https://t.me/MEXCEnglish" rel="noopener noreferrer">Telegram</a> | <a target="_blank" href="https://discord.gg/mexc" rel="noopener noreferrer">Discord</a></div><div>Get Insights: <a target="_blank" href="https://www.mexc.com/learn" rel="noopener noreferrer">MEXC Learn</a> | <a target="_blank" href="https://www.mexc.com/terms" rel="noopener noreferrer">Terms of Service</a> | <a target="_blank" href="https://blog.mexc.com/" rel="noopener noreferrer">MEXC Blog</a> | <a target="_blank" href="https://www.mexc.com/news" rel="noopener noreferrer">MEXC News</a></div><div>Account Verification: <a target="_blank" href="https://www.mexc.com/support/article/why-is-kyc-verification-necessary-17827791519717" rel="noopener noreferrer">Understand KYC</a> | <a target="_blank" href="https://www.mexc.com/support/article/how-to-complete-primary-kyc-verification-17827791519718" rel="noopener noreferrer">How to Complete KYC</a></div><div>External Content Platforms: <a target="_blank" href="https://mexclearn.substack.com/" rel="noopener noreferrer">Substack</a> | <a target="_blank" href="https://medium.com/mexc-learn" rel="noopener noreferrer">Medium</a> | <a target="_blank" href="https://paragraph.com/@mexclearn" rel="noopener noreferrer">Paragraph</a> | <a target="_blank" href="https://www.linkedin.com/company/mexclearn/" rel="noopener noreferrer">LinkedIn</a> | <a target="_blank" href="https://x.com/MEXC_News" rel="noopener noreferrer">X(News)</a></div></div>

One Tweet, 2,400%: How Ansem's Pump.fun Feud Sent ANSEM Soaring on MEXC

Overview In late June 2026, Crypto Twitter's most-watched Solana bull triggered a chain reaction that played out directly on-chain. Crypto KOL Ansem (@blknoiz06), boasting close to one million

<div><div style="text-align:left">StarkWare has unveiled a Private KYC demonstration on <a target="_blank" href="https://www.mexc.com/exchange/STRK_USDT" rel="noopener noreferrer">Starknet</a>, introducing a fundamentally new approach to identity verification in digital finance. Instead of requiring users to submit full passports, residential addresses, or sensitive personal information, the system only verifies whether they meet specific conditions, such as being of legal age, possessing valid identification documents, or residing in an approved jurisdiction.</div><div style="text-align:left">The solution is built on <a target="_blank" href="https://www.mexc.com/crypto-glossary/article/zero-knowledge-proof-zkp-29202" rel="noopener noreferrer">zero-knowledge proof (ZK proof)</a> technology, which enables users to prove that a statement is true without revealing the underlying data itself. As data breaches continue to increase worldwide, Private KYC could become one of the most practical and impactful blockchain applications in the field of digital identity.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">Key Takeaways</strong></h2><div style="text-align:left">StarkWare has demonstrated a Private KYC solution on Starknet.</div><div style="text-align:left">Users can complete KYC without disclosing their full personal information.</div><div style="text-align:left">The core technology behind the system is zero-knowledge proof (ZK proof).</div><div style="text-align:left">Digital identity remains under the direct control of users rather than intermediaries.</div><div style="text-align:left">The model differs significantly from traditional KYC, which relies on storing large amounts of sensitive information.</div><div style="text-align:left">Private KYC could pave the way for a new generation of digital identity solutions for DeFi, banking, and Web3.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">How Does Private KYC Work?</strong></h2><div style="text-align:left">Under traditional KYC models, users are typically required to provide extensive personal information, including:</div><div style="text-align:left">Passport</div><div style="text-align:left">National identity card</div><div style="text-align:left">Residential address</div><div style="text-align:left">Date of birth</div><div style="text-align:left">Facial photograph</div><div style="text-align:left">Income verification documents</div><div style="text-align:left">These data are then stored within centralized corporate databases.</div><div style="text-align:left">This approach creates significant risks.</div><div style="text-align:left">If a database is compromised, millions of personal records can be exposed simultaneously.</div><div style="text-align:left">StarkWare's Private KYC takes a completely different approach.</div><div style="text-align:left">Instead of sharing all personal information, users only need to prove a specific attribute.</div><div style="text-align:left">For example:</div><div style="text-align:left">I am over 18 years old.</div><div style="text-align:left">I am not listed on sanctions databases.</div><div style="text-align:left">I reside in a supported jurisdiction.</div><div style="text-align:left">I have completed KYC requirements.</div><div style="text-align:left">I possess valid identity credentials.</div><div style="text-align:left">The verifier only receives the result:</div><div style="text-align:left"><strong style="font-weight:bolder">True or False.</strong></div><div style="text-align:left">They do not gain access to:</div><div style="text-align:left">Passport details</div><div style="text-align:left">Home address</div><div style="text-align:left">Document numbers</div><div style="text-align:left">Exact birth date</div><div style="text-align:left">Original identification records</div><div style="text-align:left">This significantly reduces the amount of personal information shared during the verification process.</div><div> </div><div style="text-align:left"><img style="max-width:100%;height:auto" src="https://multilingual.mocortech.com/cms-content-file/2026-06-29/F20260629130841495IFhdx9FBeRYNfq" /></div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">Zero-Knowledge Proof Is Changing Identity Verification</strong></h2><div style="text-align:left">Private KYC is built upon zero-knowledge proof technology, widely regarded as one of blockchain's most promising innovations.</div><div style="text-align:left">At its core, ZK proof allows one party to prove that a statement is true without revealing the underlying information.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Age Verification</strong></h3><div style="text-align:left">The system can confirm:</div><div style="text-align:left"><strong style="font-weight:bolder">The user is over 18 years old.</strong></div><div style="text-align:left">Without revealing:</div><div style="text-align:left">Day of birth</div><div style="text-align:left">Month of birth</div><div style="text-align:left">Year of birth</div><h3 style="text-align:left"><strong style="font-weight:bolder">Residency Verification</strong></h3><div style="text-align:left">Users can prove they belong to an approved jurisdiction without disclosing their exact address.</div><h3 style="text-align:left"><strong style="font-weight:bolder">KYC Completion Verification</strong></h3><div style="text-align:left">An exchange can confirm that a user has passed identity verification without storing their entire personal profile.</div><div style="text-align:left">This represents a major shift, as most existing <a target="_blank" href="https://www.mexc.com/support/article/mexc-kyc-faq-342632287349720064" rel="noopener noreferrer">KYC</a> systems are designed around collecting as much information as possible.</div><div style="text-align:left">Private KYC moves toward the opposite model:</div><div style="text-align:left"><strong style="font-weight:bolder">Share only the information that is strictly necessary.</strong></div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">Why Is Personal Data Protection Becoming More Urgent?</strong></h2><div style="text-align:left">The emergence of Private KYC reflects an increasingly concerning reality.</div><div style="text-align:left">Large-scale data breaches are becoming more common.</div><div style="text-align:left">Frequently compromised information includes:</div><div style="text-align:left">Passports</div><div style="text-align:left">National identification numbers</div><div style="text-align:left">Residential addresses</div><div style="text-align:left">Financial records</div><div style="text-align:left">Biometric information</div><div style="text-align:left">Banking details</div><div style="text-align:left">The average cost of a major data breach now reaches millions of dollars.</div><div style="text-align:left">Companies face financial losses, while users face risks such as:</div><div style="text-align:left">Identity theft</div><div style="text-align:left">Financial fraud</div><div style="text-align:left">Credit impersonation</div><div style="text-align:left">Account takeovers</div><div style="text-align:left">Meanwhile, most current KYC procedures still require users to repeatedly upload sensitive documents to numerous platforms.</div><div style="text-align:left">As a result, personal information becomes fragmented across dozens or even hundreds of databases.</div><div style="text-align:left">Private KYC seeks to address this issue by returning control of identity information directly to users.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">How Does Private KYC Differ From World ID?</strong></h2><div style="text-align:left">StarkWare's approach has drawn comparisons with World ID.</div><div style="text-align:left">However, the two models are built upon different philosophies.</div><h3 style="text-align:left"><strong style="font-weight:bolder">World ID</strong></h3><div style="text-align:left">Its primary objective is to prove:</div><div style="text-align:left"><strong style="font-weight:bolder">A person is a real human being.</strong></div><div style="text-align:left">The system relies on:</div><div style="text-align:left">Biometric information</div><div style="text-align:left">Iris scanning through Orb devices</div><div style="text-align:left">Centralized verification infrastructure</div><div style="text-align:left">Users receive a digital identity credential that can be reused across multiple applications.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Private KYC</strong></h3><div style="text-align:left">Private KYC focuses on:</div><div style="text-align:left">Regulatory compliance</div><div style="text-align:left">Legal attribute verification</div><div style="text-align:left">Self-sovereign identity</div><div style="text-align:left">Personal data ownership</div><div style="text-align:left">Users retain control over their credentials and generate proofs only when needed.</div><div style="text-align:left">This makes Private KYC more aligned with the concept of self-sovereign identity.</div><div style="text-align:left">In other words, users do not surrender all of their personal information to a single organization but maintain ownership and control of their digital identity.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">Why Could Private KYC Become a New Web3 Trend?</strong></h2><div style="text-align:left">One of DeFi's largest challenges remains regulatory compliance.</div><div style="text-align:left">Financial institutions seeking blockchain exposure must still satisfy requirements related to:</div><div style="text-align:left">AML</div><div style="text-align:left">KYC</div><div style="text-align:left">Counter-terrorism financing</div><div style="text-align:left">Jurisdictional regulations</div><div style="text-align:left">Data privacy rules</div><div style="text-align:left">Private KYC may offer a solution.</div><div style="text-align:left">Potential applications include:</div><h3 style="text-align:left"><strong style="font-weight:bolder">Regulated Stablecoins</strong></h3><div style="text-align:left">Allowing access only to users who meet legal eligibility requirements.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Institutional DeFi</strong></h3><div style="text-align:left">Enabling investment funds to participate while preserving privacy.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Digital Banking</strong></h3><div style="text-align:left">Streamlining customer onboarding processes.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Tokenized Assets</strong></h3><div style="text-align:left">Allowing investors to demonstrate eligibility without exposing complete personal records.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Cross-Border Payments</strong></h3><div style="text-align:left">Reducing the amount of sensitive information exchanged among intermediaries.</div><div style="text-align:left">This could bring blockchain infrastructure closer to mainstream financial adoption.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">Starknet Is Expanding the Use Cases of ZK Technology</strong></h2><div style="text-align:left">For years, StarkWare has primarily been recognized as a pioneer in zk-rollup development.</div><div style="text-align:left">Its original focus centered on:</div><div style="text-align:left">Scaling <a target="_blank" href="https://www.mexc.com/exchange/ETH_USDT" rel="noopener noreferrer">Ethereum</a></div><div style="text-align:left">Reducing transaction costs</div><div style="text-align:left">Increasing processing efficiency</div><div style="text-align:left">However, Private KYC demonstrates that StarkWare is expanding into digital identity solutions.</div><div style="text-align:left">This may become one of the most important applications of zero-knowledge proof technology over the coming decade.</div><div style="text-align:left">If successful, the technology could transform how billions of people interact with:</div><div style="text-align:left">Banks</div><div style="text-align:left">Exchanges</div><div style="text-align:left">Digital governments</div><div style="text-align:left">Financial services</div><div style="text-align:left">Digital identity systems</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">Conclusion</strong></h2><div style="text-align:left">StarkWare's Private KYC initiative demonstrates that blockchain is not merely a technology for digital asset transactions but could also become the foundation of the next generation of digital identity systems. By combining zero-knowledge proofs with self-sovereign identity models, StarkWare is addressing one of the most pressing challenges of the digital era: how to verify identity without sacrificing privacy.</div><div style="text-align:left">As data breaches become increasingly common and regulatory requirements continue to tighten, Private KYC may emerge as a crucial bridge connecting Web3, DeFi, and traditional financial systems in the years ahead.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">FAQ</strong></h2><h3 style="text-align:left"><strong style="font-weight:bolder">What is Private KYC?</strong></h3><div style="text-align:left">Private KYC is an identity verification solution that allows users to prove specific attributes without disclosing their complete personal information.</div><h3 style="text-align:left"><strong style="font-weight:bolder">How does zero-knowledge proof work?</strong></h3><div style="text-align:left">It enables someone to prove that a statement is true without revealing the original data behind it.</div><h3 style="text-align:left"><strong style="font-weight:bolder">How is Private KYC different from traditional KYC?</strong></h3><div style="text-align:left">Traditional KYC requires users to submit full identity documentation, while Private KYC only shares verification outcomes.</div><h3 style="text-align:left"><strong style="font-weight:bolder">How is Private KYC different from World ID?</strong></h3><div style="text-align:left">World ID focuses on proving human uniqueness through biometrics, whereas Private KYC emphasizes self-sovereign identity and regulatory compliance.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Where can this technology be applied?</strong></h3><div style="text-align:left">Potential applications include regulated stablecoins, digital banking, institutional DeFi, tokenized assets, and cross-border payments.</div><div> </div><div style="text-align:left"><strong style="font-weight:bolder">Disclaimer:</strong> <i>The information provided here is for informational purposes only and should not be considered financial, investment, legal, or professional advice. Always conduct your own research, consider your financial situation, and, if necessary, consult with a licensed professional before making any decisions.</i></div><div> </div></div>

StarkWare Launches Private KYC: The Era of Identity Verification Without Exposing Personal Data Is Getting Closer

StarkWare has unveiled a Private KYC demonstration on Starknet, introducing a fundamentally new approach to identity verification in digital finance. Instead of requiring users to submit full

<div><div><a target="_blank" href="https://www.mexc.com/price/LINK" rel="noopener noreferrer">Chainlink</a> has announced its participation in Project Pangea alongside banking consortiums in Europe and South Korea to explore the use of stablecoins for cross-border foreign exchange payments. The initiative aims to leverage euro- and Korean won-backed stablecoins to facilitate near real-time FX transactions, reducing dependence on traditional payment systems and financial intermediaries.</div><div style="text-align:left">Although Project Pangea remains in the research phase, the initiative highlights the growing interest among banks in <a target="_blank" href="https://www.mexc.com/price/category/stablecoins" rel="noopener noreferrer">stablecoins</a> as a potential tool for modernizing global financial infrastructure. At the same time, Chainlink's involvement further reinforces the importance of oracle technology and data connectivity in the tokenization of assets and the development of onchain financial systems.</div><h2 style="text-align:left"><strong style="font-weight:bolder">Key Takeaways</strong></h2><div style="text-align:left">Chainlink is participating in Project Pangea to explore stablecoin-based foreign exchange settlement.</div><div style="text-align:left">The project focuses on euro-backed and Korean won-backed stablecoins.</div><div style="text-align:left">The objective is to enable near-instant cross-border payments.</div><div style="text-align:left">Chainlink provides data infrastructure and interoperability capabilities.</div><div style="text-align:left">FairSquareLab is responsible for onchain payment technology.</div><div style="text-align:left">Interest among banks in stablecoin research is accelerating globally.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">What Is Project Pangea?</strong></h2><div style="text-align:left">Project Pangea is a research initiative designed to evaluate the potential use of stablecoins in foreign exchange settlement between financial institutions.</div><div style="text-align:left">Under the current system, international FX settlement still relies heavily on:</div><div style="text-align:left">Correspondent banking</div><div style="text-align:left">Interbank payment systems</div><div style="text-align:left">Complex reconciliation processes</div><div style="text-align:left">Multiple layers of financial intermediaries</div><div style="text-align:left">Limited banking operating hours</div><div style="text-align:left">As a result, currency conversion and settlement can take several hours or even multiple business days to complete.</div><div style="text-align:left">Project Pangea proposes a different model.</div><div style="text-align:left">Instead of relying on traditional payment infrastructure, stablecoins could serve as blockchain-based representations of fiat currencies.</div><div style="text-align:left">In this framework:</div><div style="text-align:left">EUR stablecoins represent the euro.</div><div style="text-align:left">KRW stablecoins represent the Korean won.</div><div style="text-align:left">Transactions are executed directly on blockchain networks.</div><div style="text-align:left">Settlement occurs continuously, 24/7.</div><div style="text-align:left">Dependence on multiple intermediaries is reduced.</div><div style="text-align:left">While there are currently no announced plans for commercial deployment, the initiative reflects a broader trend of banks exploring next-generation cross-border payment systems.</div><div style="text-align:left"> </div><div style="text-align:left"><img style="max-width:100%;height:auto" src="https://multilingual.mocortech.com/cms-content-file/2026-06-29/F20260629130716794VJ2K1oSRyqNUaf" /></div><h2 style="text-align:left"> </h2><h2 style="text-align:left"><strong style="font-weight:bolder">Why Are Banks Interested in Stablecoins for Foreign Exchange?</strong></h2><div style="text-align:left">The foreign exchange market is the world's largest financial market, with daily trading volumes reaching trillions of dollars.</div><div style="text-align:left">However, the underlying settlement infrastructure still faces significant limitations.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Settlement Is Not Truly Instant</strong></h3><div style="text-align:left">Even when FX trades are executed almost immediately, the actual transfer of funds between banks still requires time to settle.</div><div style="text-align:left">This process often includes:</div><div style="text-align:left">Compliance checks</div><div style="text-align:left">Liquidity reconciliation</div><div style="text-align:left">Multi-party confirmation</div><div style="text-align:left">Clearing and settlement</div><h3 style="text-align:left"><strong style="font-weight:bolder">High Operational Costs</strong></h3><div style="text-align:left">Each cross-border transaction may involve:</div><div style="text-align:left">Issuing banks</div><div style="text-align:left">Receiving banks</div><div style="text-align:left">Correspondent banks</div><div style="text-align:left">Liquidity providers</div><div style="text-align:left">International payment networks</div><div style="text-align:left">The more intermediaries involved, the higher the costs become.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Banking Hours Restrictions</strong></h3><div style="text-align:left">Most banking systems continue to operate within traditional business hours.</div><div style="text-align:left">Blockchain networks, by contrast, operate:</div><div style="text-align:left">24 hours a day</div><div style="text-align:left">Seven days a week</div><div style="text-align:left">Independent of holidays</div><div style="text-align:left">Across all time zones</div><div style="text-align:left">This represents one of the biggest advantages offered by stablecoins.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">What Role Does Chainlink Play in Project Pangea?</strong></h2><div style="text-align:left">Within the project, Chainlink is not responsible for issuing stablecoins.</div><div style="text-align:left">Instead, the company focuses on data infrastructure and interoperability between financial systems.</div><div style="text-align:left">Its role may include:</div><h3 style="text-align:left"><strong style="font-weight:bolder">Providing Exchange Rate Data</strong></h3><div style="text-align:left">Foreign exchange settlement requires accurate and continuously updated market information.</div><div style="text-align:left">Chainlink's oracle infrastructure can provide:</div><div style="text-align:left">EUR/KRW exchange rates</div><div style="text-align:left">Stablecoin pricing data</div><div style="text-align:left">Liquidity information</div><div style="text-align:left">Reference prices aggregated from multiple sources</div><h3 style="text-align:left"><strong style="font-weight:bolder">Synchronizing Data Across Blockchains</strong></h3><div style="text-align:left">In the future, stablecoins may exist across multiple blockchain ecosystems.</div><div style="text-align:left">Chainlink is developing solutions that enable:</div><div style="text-align:left">Cross-chain asset transfers</div><div style="text-align:left">State synchronization</div><div style="text-align:left">Enhanced blockchain interoperability</div><h3 style="text-align:left"><strong style="font-weight:bolder">Connecting Traditional Finance With Blockchain</strong></h3><div style="text-align:left">One of Chainlink's greatest strengths lies in serving as a bridge between:</div><div style="text-align:left">Banks</div><div style="text-align:left">Traditional payment infrastructure</div><div style="text-align:left">Public blockchains</div><div style="text-align:left">Stablecoins</div><div><a target="_blank" href="https://www.mexc.com/markets/crypto/spot/all/tokenized-stocks" rel="noopener noreferrer">Tokenized assets</a></div><div style="text-align:left">This is also why Chainlink is becoming increasingly involved in institutional finance initiatives.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">How Could Stablecoins Transform Foreign Exchange Settlement?</strong></h2><div style="text-align:left">Stablecoins are increasingly being viewed as an ideal tool for modernizing the global FX system.</div><div style="text-align:left">A new settlement model could function as follows.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Step 1: Tokenizing Fiat Currencies</strong></h3><div style="text-align:left">Banks issue stablecoins backed by domestic currencies.</div><div style="text-align:left">Examples include:</div><div style="text-align:left">Euro stablecoins</div><div style="text-align:left">Korean won stablecoins</div><div style="text-align:left">Yen stablecoins</div><div style="text-align:left">USD stablecoins</div><h3 style="text-align:left"><strong style="font-weight:bolder">Step 2: Onchain Transactions</strong></h3><div style="text-align:left">Parties exchange stablecoins directly on blockchain networks.</div><div style="text-align:left">There is no need to rely on:</div><div style="text-align:left">Correspondent banks</div><div style="text-align:left">Clearing houses</div><div style="text-align:left">International wire transfer systems</div><h3 style="text-align:left"><strong style="font-weight:bolder">Step 3: Instant Settlement</strong></h3><div style="text-align:left">Assets are transferred almost immediately.</div><div style="text-align:left">This reduces:</div><div style="text-align:left">Settlement risk</div><div style="text-align:left">Counterparty risk</div><div style="text-align:left">Processing delays</div><div style="text-align:left">Liquidity costs</div><div style="text-align:left">For businesses engaged in international trade, this could represent a significant improvement in operational efficiency.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">The Banking Adoption of Stablecoins Is Accelerating</strong></h2><div style="text-align:left">Project Pangea emerges at a time when an increasing number of financial institutions are entering the stablecoin market.</div><div style="text-align:left">Recent developments include:</div><div style="text-align:left">Mastercard expanding stablecoin payment capabilities.</div><div style="text-align:left">Japanese banks researching yen-backed stablecoins.</div><div style="text-align:left">European banks experimenting with tokenized deposits.</div><div style="text-align:left">U.S. financial institutions developing onchain payment solutions.</div><div style="text-align:left">These developments suggest that stablecoins are gradually moving beyond experimentation toward practical applications within traditional financial systems.</div><div style="text-align:left">Rather than viewing stablecoins as competitors, many banks are beginning to see them as tools for upgrading existing payment infrastructure.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">Implications for Chainlink and Digital Asset Markets</strong></h2><div style="text-align:left">For Chainlink, participation in initiatives such as Project Pangea further strengthens its position within the tokenized asset sector.</div><div style="text-align:left">Over the past few years, Chainlink has expanded into areas including:</div><div><a target="_blank" href="https://blog.mexc.com/crypto-knowledge/what-are-real-world-assets-rwas-in-crypto-tokenization-explained-with-examples-in-2026/" rel="noopener noreferrer">Real-world asset tokenization (RWA)</a></div><div style="text-align:left">Cross-chain settlement</div><div style="text-align:left">Stablecoins</div><div style="text-align:left">Central bank digital currencies (CBDCs)</div><div style="text-align:left">Institutional data infrastructure</div><div style="text-align:left">If stablecoins ultimately become a new settlement layer for banking, demand for oracle services and interoperability solutions could continue to increase.</div><div style="text-align:left">This is one reason why many investors view Chainlink as a project that could benefit significantly from the growing wave of institutional finance entering blockchain ecosystems.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">Conclusion</strong></h2><div style="text-align:left">Project Pangea demonstrates that stablecoins are increasingly being viewed as tools for improving the efficiency of international payments rather than serving solely crypto trading purposes. Although still in the research stage, the participation of Chainlink and financial partners in Europe and South Korea reflects a broader trend: banks are beginning to build next-generation financial infrastructure based on blockchain technology, real-time settlement, and regulated digital assets.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">FAQ</strong></h2><h3 style="text-align:left"><strong style="font-weight:bolder">What is Project Pangea?</strong></h3><div style="text-align:left">Project Pangea is a research initiative exploring the use of stablecoins for cross-border foreign exchange settlement.</div><h3 style="text-align:left"><strong style="font-weight:bolder">What role does Chainlink play in the project?</strong></h3><div style="text-align:left">Chainlink provides oracle infrastructure, market data services, and interoperability solutions between financial systems.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Has the project been commercially deployed?</strong></h3><div style="text-align:left">No. Project Pangea remains in the research phase, and no commercial rollout timeline has been announced.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Why are stablecoins suitable for foreign exchange settlement?</strong></h3><div style="text-align:left">Stablecoins can operate 24/7, reduce intermediary costs, and significantly shorten cross-border settlement times.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Could stablecoins replace traditional banking systems?</strong></h3><div style="text-align:left">In the near term, stablecoins are more likely to complement and modernize existing financial infrastructure rather than fully replace traditional banks.</div><div> </div><div style="text-align:left"><strong style="font-weight:bolder">Disclaimer:</strong> <i>The information provided here is for informational purposes only and should not be considered financial, investment, legal, or professional advice. Always conduct your own research, consider your financial situation, and, if necessary, consult with a licensed professional before making any decisions.</i></div><div> </div></div>

Chainlink Partners with European and South Korean Banks to Explore Stablecoin-Based Foreign Exchange Payments

Chainlink has announced its participation in Project Pangea alongside banking consortiums in Europe and South Korea to explore the use of stablecoins for cross-border foreign exchange payments. The

<div><div style="text-align:left">Prediction market platform <a target="_blank" href="https://www.mexc.com/news/596182" rel="noopener noreferrer">Polymarket</a> has become the victim of a phishing attack involving malicious code injected into its website interface, resulting in at least 11 users losing approximately $2.94 million in assets. According to Polymarket, the incident originated from a compromised third-party service provider, enabling attackers to deploy malicious code within the platform's user interface.</div><div style="text-align:left">Although Polymarket quickly resolved the issue and pledged to fully reimburse affected users, the incident once again highlights the increasingly sophisticated security risks facing the crypto industry. As blockchain protocols continue to gain adoption, attacks are no longer focused solely on exploiting smart contract vulnerabilities but are increasingly targeting frontend infrastructure and software supply chains.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">Key Takeaways</strong></h2><div style="text-align:left">Polymarket was compromised through a third-party service provider.</div><div style="text-align:left">Attackers injected malicious code into the website interface to conduct phishing attacks.</div><div style="text-align:left">At least 11 wallets were affected, with total losses approaching $3 million.</div><div style="text-align:left">The incident represents a supply-chain attack, an increasingly common threat in Web3.</div><div style="text-align:left">Polymarket has fixed the issue and committed to fully reimbursing impacted users.</div><div style="text-align:left">The case demonstrates that frontend security is becoming a major challenge for crypto platforms.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">How Did the Polymarket Attack Happen?</strong></h2><div style="text-align:left">According to Polymarket, the breach did not originate from the blockchain itself or from <a target="_blank" href="https://www.mexc.com/price/category/smart-contract-platform?page=8" rel="noopener noreferrer">smart contracts</a>, but rather from an external service provider that was compromised.</div><div style="text-align:left"><strong style="font-weight:bolder">This allowed attackers to:</strong></div><div style="text-align:left">Inject malicious code into the website interface.</div><div style="text-align:left">Display fraudulent transaction-signing requests.</div><div style="text-align:left">Gain access to users' wallets.</div><div style="text-align:left">Transfer assets to addresses controlled by hackers.</div><div style="text-align:left">Unlike traditional phishing attacks conducted through email campaigns or fake websites, users in this incident were still visiting the legitimate Polymarket website.</div><div style="text-align:left">However, the interface they interacted with had been modified through malicious code injected into the system.</div><div style="text-align:left">This made it extremely difficult for users to identify any unusual behavior.</div><div style="text-align:left">In <a target="_blank" href="https://www.mexc.com/crypto-glossary/article/web3-wallet-29977" rel="noopener noreferrer">Web3</a>, a single mistaken transaction signature can result in an entire wallet balance being drained within seconds.</div><div style="text-align:left"> </div><div style="text-align:left"><img style="max-width:100%;height:auto" src="https://multilingual.mocortech.com/cms-content-file/2026-06-29/F20260629130554968moZGCqyZLGeWIU" /></div><h2 style="text-align:left"> </h2><h2 style="text-align:left"><strong style="font-weight:bolder">Supply-Chain Attacks Are Becoming a Major Threat in Web3</strong></h2><div style="text-align:left">The Polymarket incident belongs to a category known as supply-chain attacks.</div><div style="text-align:left"><strong style="font-weight:bolder">In these attacks, hackers do not target the blockchain directly but instead focus on external supporting components such as:</strong></div><div style="text-align:left">Frontend service providers.</div><div style="text-align:left">Code distribution systems.</div><div style="text-align:left">JavaScript libraries.</div><div style="text-align:left">Analytics tools.</div><div style="text-align:left">Cloud infrastructure providers.</div><div style="text-align:left">CDN services.</div><div style="text-align:left">The objective is to compromise one small component within the ecosystem and use it as an entry point to reach a large number of users.</div><div style="text-align:left">This is considered one of the most effective attack vectors today because many DeFi protocols rely heavily on third-party services.</div><div style="text-align:left">Once an intermediary component is compromised, thousands of users can be exposed in a very short period.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">Why Is Phishing More Dangerous in Web3 Than in Web2?</strong></h2><div style="text-align:left"><strong style="font-weight:bolder">In traditional internet environments, if an account is compromised, users can often:</strong></div><div style="text-align:left">Change their password.</div><div style="text-align:left">Freeze their account.</div><div style="text-align:left">Contact their bank.</div><div style="text-align:left">Request reimbursement.</div><div style="text-align:left">Blockchain systems operate very differently.</div><div style="text-align:left"><strong style="font-weight:bolder">Once a transaction is confirmed on-chain:</strong></div><div style="text-align:left">It cannot be reversed.</div><div style="text-align:left">There is no intermediary capable of intervening.</div><div style="text-align:left">There is no transaction rollback mechanism.</div><div style="text-align:left">Assets can be moved through multiple wallets within minutes.</div><div style="text-align:left">This makes phishing one of the most dangerous forms of attack in the crypto industry.</div><div style="text-align:left">Attackers do not need to break cryptographic algorithms or exploit smart contracts.</div><div style="text-align:left">They simply need to convince users to voluntarily sign a malicious transaction.</div><div style="text-align:left">In many cases, fake interfaces are designed to look nearly identical to legitimate websites, making mistakes possible even for experienced users.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">How Did Polymarket Respond?</strong></h2><div style="text-align:left">Polymarket stated that it quickly implemented mitigation measures to prevent further damage.</div><div style="text-align:left">Actions taken include:</div><h3 style="text-align:left"><strong style="font-weight:bolder">Removing the Compromised Component</strong></h3><div style="text-align:left">All malicious code and associated services were removed from the platform.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Reviewing Security Infrastructure</strong></h3><div style="text-align:left">The company conducted a review of its dependencies to determine the full scope of the incident.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Tracking Stolen Funds</strong></h3><div style="text-align:left">Polymarket is working with blockchain analytics firms to trace the movement of stolen assets.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Reimbursing Users</strong></h3><div style="text-align:left">Perhaps the most notable aspect of the response is the platform's commitment to fully compensate affected users.</div><div style="text-align:left">This is relatively uncommon within the crypto industry and demonstrates Polymarket's desire to preserve community trust following the incident.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">A Major Lesson for the Crypto Industry</strong></h2><div style="text-align:left">The Polymarket attack shows that blockchain security is no longer solely about smart contracts.</div><div style="text-align:left"><strong style="font-weight:bolder">During the early DeFi era, most hacks stemmed from:</strong></div><div style="text-align:left">Coding errors.</div><div style="text-align:left">Smart contract vulnerabilities.</div><div style="text-align:left">Flash loan exploits.</div><div style="text-align:left">Today, the trend is shifting.</div><div style="text-align:left"><strong style="font-weight:bolder">Attackers are increasingly targeting:</strong></div><div style="text-align:left">Frontend infrastructure.</div><div style="text-align:left">Web architecture.</div><div style="text-align:left">APIs.</div><div style="text-align:left">Third-party services.</div><div style="text-align:left">Software vendors.</div><div style="text-align:left">This means protocols must broaden their security auditing efforts.</div><div style="text-align:left">Not only smart contracts but the entire digital ecosystem surrounding a product must be continuously monitored.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">What Should Web3 Users Do to Protect Their Assets?</strong></h2><div style="text-align:left">Although Polymarket has committed to reimbursing users, the incident serves as an important reminder for the crypto community.</div><div style="text-align:left">Several best practices include:</div><h3 style="text-align:left"><strong style="font-weight:bolder">Carefully Review Transaction Requests</strong></h3><div style="text-align:left">Never sign a transaction unless you fully understand the permissions being granted.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Use Separate Wallets</strong></h3><div style="text-align:left">Maintain distinct wallets for everyday transactions and long-term asset storage.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Limit Unnecessary Permissions</strong></h3><div style="text-align:left">Regularly review and revoke outdated wallet approvals.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Use Hardware Wallets</strong></h3><div style="text-align:left">Cold storage solutions can significantly reduce the risk of asset theft.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Follow Security Alerts</strong></h3><div style="text-align:left">Blockchain platforms typically issue warnings quickly when incidents occur.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">Impact on Polymarket and the Prediction Market Sector</strong></h2><div style="text-align:left">Although the financial damage is relatively modest compared with the overall size of the crypto market, the incident still affects Polymarket's reputation.</div><div style="text-align:left"><strong style="font-weight:bolder">In recent months, Polymarket has emerged as one of the fastest-growing blockchain applications thanks to:</strong></div><div style="text-align:left">High trading volumes.</div><div style="text-align:left">Increasing institutional participation.</div><div><a target="_blank" href="https://www.mexc.com/campaigns/predictionmarkets" rel="noopener noreferrer">Prediction markets</a> tied to economics and politics.</div><div style="text-align:left">Growing adoption of prediction market platforms.</div><div style="text-align:left">As a result, maintaining user trust is critical.</div><div style="text-align:left">The decision to fully reimburse users could help limit negative consequences and strengthen Polymarket's credibility over the long term.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">Conclusion</strong></h2><div style="text-align:left">The nearly $3 million phishing attack against Polymarket demonstrates that the crypto industry is entering an era in which attacks are becoming increasingly sophisticated and difficult to detect. Rather than focusing solely on blockchain vulnerabilities, hackers are shifting toward exploiting weak points in software supply chains and web infrastructure.</div><div style="text-align:left">Although Polymarket managed to contain the incident and pledged to compensate affected users, the event serves as a clear warning that Web3 security extends far beyond smart contracts—it encompasses the entire digital ecosystem surrounding a protocol.</div><div> </div><h2 style="text-align:left"><strong style="font-weight:bolder">FAQ</strong></h2><h3 style="text-align:left"><strong style="font-weight:bolder">How was Polymarket hacked?</strong></h3><div style="text-align:left">A third-party provider was compromised, allowing attackers to inject malicious code into the website interface and conduct phishing attacks.</div><h3 style="text-align:left"><strong style="font-weight:bolder">How many users were affected?</strong></h3><div style="text-align:left">At least 11 wallets have been identified as having lost assets.</div><h3 style="text-align:left"><strong style="font-weight:bolder">What was the total loss?</strong></h3><div style="text-align:left">Initial estimates put the losses at approximately $2.94 million, with some reports updating the figure to nearly $3.1 million.</div><h3 style="text-align:left"><strong style="font-weight:bolder">What is a supply-chain attack?</strong></h3><div style="text-align:left">It is an attack targeting intermediary components such as software libraries, service providers, or frontend infrastructure rather than directly attacking the blockchain itself.</div><h3 style="text-align:left"><strong style="font-weight:bolder">Will Polymarket reimburse users?</strong></h3><div style="text-align:left">Yes. Polymarket has stated that it will fully reimburse all affected users for their losses.</div><div> </div><div style="text-align:left"><strong style="font-weight:bolder">Disclaimer:</strong> <i>The information provided here is for informational purposes only and should not be considered financial, investment, legal, or professional advice. Always conduct your own research, consider your financial situation, and, if necessary, consult with a licensed professional before making any decisions.</i></div></div>

Polymarket Suffers Nearly $3 Million Phishing Attack: A New Wake-Up Call for Web3 Security

Prediction market platform Polymarket has become the victim of a phishing attack involving malicious code injected into its website interface, resulting in at least 11 users losing approximately

Buy & sell with cards and mobile payments

Quick Buy/Sell

Trade with local payments at best prices

Deposit in BRL, COP, EUR, and more

Fiat Deposit

Buy and sell via local banks

Global Bank Transfer

Spend your crypto worldwide

MEXC Card

Secure, fast and low fee.

Buy Crypto

Markets

Buy and sell crypto with ease

Spot

Trade top US equities directly with crypto

RealStocks

Swap hot tokens instantly with 0 fees

Convert

Get in early before official listings

Pre-Market

Unlock exclusive perks with MX

MX Zone

Steady growth through ups and downs

Spot DCA

Buy low and sell high 24/7

Spot Grid

Discover on-chain gems early

Meme+

Access instant Web3 opportunities with USDT

Alpha

Unlock 100x potential, natively on-chain

DEX+

Perpetual Futures settled in USDT

USDT-M

Perpetual Futures settled in USDC

USDC-M

Perpetual Futures settled in USD1

USD1-M

Perpetual Futures settled in other cryptos

Coin-M

Convert ideas into strategic action

AI Strategy

Capture volatility with automated trading

Grid Trading

Follow seasoned traders or strategize with AI

Copy Trade × AI

Simulate Futures trading risk-free

Demo Trading

Explore Futures tools, products, and features

Futures Overview

24/7 access to top liquidity & leveraged power

GOLD Futures

24/7 access to top liquidity & leveraged trading

SILVER Futures

Market's lowest fees and high leverage

BTC Futures

ETH Futures

Futures

Earn high APR on your crypto

MEXC Earn

Hold assets and earn interest daily

Hold and Earn

Earn on balance and unlock higher APR as you trade

Futures Earn

Stake SOL for effortless on-chain yield

SOL Staking

Easy staking. Real on-chain yield

On-Chain Earn

Borrow instantly at competitive rates

MEXC Loans

Earn up to 600% APR

Earn

Higher rewards, 0 fees

Event Center

Get started with $10,000 in bonuses

Rewards Hub

Invite friends and earn 120 USDT each

Invite and Earn

Access top tokens early or at a discount

Launchpad

Stake to earn tokens from star projects

Launchpool

Deposit and trade to claim new airdrops

Airdrop+

Spin and enjoy all lucky rewards

Spin Spotlights

Hold MX to earn new tokens

Kickstarter

Win big with 0-fee TradFi Futures

$1,000,000 TradFi Gala

Trade Stock, OIL, SOL & more hot Futures for a limited time!

0 Fees

Trade hot pairs with 0 fees

0-Fee Fest

Trade Futures and claim daily rewards

Futures M-Day

Higher rewards at 0 fees

Invite friends and unlock commissions from 40%

Referral Program

Top-tier affiliate commissions up to 70%

Affiliate Program

M-Score into Wealth, 10+ Elite Benefits Upgrading

MEXC VVIP

Connect MEXC to trade directly on TradingView

MEXC × TradingView

Follow the latest crypto headlines

Crypto News

Stay on top of every happening on MEXC

Announcements

Strong crypto fundamentals for every beginner

Learn

Tailored solutions for institutional clients

MEXC Institutional

More

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

CNN's Abby Phillip trips up GOP insider Scott Jennings with his own Iran words

Singapore Dollar Consolidates Near Recent Lows Against US Dollar: UOB Analysis

'I'm Long On Bitcoin', Says Popular Trader: Here's Which Altcoins He Picked For A Reversal

Egrag Crypto to XRP Investors: You’re Either Early Or You’re Exit Liquidity

UN chief slams ‘relentless’ Israeli settlement expansion

SEC wraps up NanoBit crypto fraud case in final judgment, ordering over $5 million in fines

BNB fell below key long-term support to $549 after 1% daily drop, signaling deeper selling pressure

BlackRock launched their ETF and long-term holders started moving coins for the first time in 8 months. This is Bitcoin's IPO moment — and most people are sleeping on it. $XRP https://t.co/7qVYLD4GJN

BlackRock launched ETF; long-term holders moved coins after 8 months. Impact on Bitcoin noted.

$HYPE protocol fees last 30 days: $61M  all-time revenue: $1.17B  4.67% of supply permanently burnt  $100 is inevitable https://t.co/oMNa2leT0S

HYPE protocol fees $61M last 30 days, 4.67% supply burnt.

$BTC has now closed its first weekly candle below the 200W MA this cycle.  slow DCA around these levels looks like solid risk/reward.  take your time. IMO no V shape recovery anytime soon. https://t.co/Vvh31AoKsD

BTC closed weekly below 200W MA, impacting risk/reward dynamics.

Clarity Act is on the clock. Senate just left for an extended July 4th recess. For $XRP and the broader crypto market, every week of delay matters. https://t.co/TrdDqS7vAs

Senate recess delays Clarity Act, impacting XRP and broader crypto market.

$LINK is back in the same monthly accumulation zone that preceded its previous explosive rallies.   If history repeats, a breakout from this base could open the path toward the $30+ region. 🚀 https://t.co/bsQxpzsw9j

LINK returns to accumulation zone, potential breakout path noted.

Crypto News

News Flash

All

BTC

ETH

SOL

XRP

TRX

DOGE

ADA

Altcoin

Crypto Headlines

Trending News