Conflux: CREATE2 Opcode bug fixed with v2.5 security upgrade
Conflux says its security team has successfully patched the CREATE2 Opcode vulnerability with version 2.5 network upgrade.
The Conflux ( CFX ) Network announced on March 24, 2025 that a security vulnerability detected with the help of ecosystem team GraFun, has been successfully patched. GraFun reportedly identified the critical vulnerability in the CREATE2 opcode, related to the Ethereum ( ETH ) Virtual Machine, in February this year.
CREATE2 opcode, introduced in 2019 via Ethereum’s Constantinople upgrade , is an advanced feature for Ethereum and Ethereum Virtual Machine-compatible networks. It plays a key role in smart contracts, particularly in deployment predictability and flexibility. The Conflux team elaborated on this:
“In the standard Ethereum Virtual Machine, the CREATE2 opcode fails to deploy a contract if the target address already has a deployed contract, returning a null address. However, the previous implementation of Conflux allowed CREATE2 to redeploy contracts at an address with an existing contract, resetting the contract state to its initial deployment state.”
According to Conflux, the security issue is now resolved following Conflux’s version 2.5 upgrade that shipped on March 17, 2025. The flaw, the layer-1 platform noted, “allowed contract redeployment on existing addresses, impacting Gnosis Safe.”
The Conflux Network security team has assured users and ecosystem partners that the version 2.5 upgrade has fully addressed the flaw.
Conflux disclosed plans for the network upgrade on March 4, 2025, with node operators asked to update accordingly. The platform tentatively scheduled the hard fork for mid-March, with this happening at epoch 118580000.
GraFun received a total of 60,000 Conflux tokens for its role in the security upgrade, including a base bounty of 50,000 tokens for identifying the CREATE2 opcode bug. The platform also received 10,000 tokens for offering a timely report that helped prevent potential exploits and losses.
In its announcement, Conflux said all user funds are safe and that the network has EVM compatibility enhanced.
Pro: Ethereum, Solana key to crypto reserve
The Trump administration’s proposal for a U.S. digital asset stockpile would include coins like Ethereum and Solana and there is valid reason to do so, according to Jim Iuorio
While bitcoin’s inclusion in the Bitcoin ( BTC ) strategic reserve , the decision to add Ethereum ( ETH ) and Solana ( SOL ) may have caught many investors by surprise. But their inclusion in the group has logic given the unique advantages each offer in the blockchain space.
Iuorio, Managing Director at TJM Institutional Services, noted on Bloomberg TV that Ethereum’s smart contract capabilities and Solana’s superior transaction speeds make them attractive assets.
“Ethereum has been praised for its smart contract functionality, which powers a wide range of decentralized applications,” Iuorio explained. “Meanwhile, Solana’s ability to process transactions at higher speeds than most other networks is likely a key factor behind its massive 1,500% rally from late 2023 to January 2025.”
Meanwhile, Bitcoin gained 300% during the same time period, while Ethereum rose by just 160%. Naturally, Solana’s performance is the envy of the group. This may have contributed to the creation of new Solana-focused trading products as investors seek superior returns in the crypto space.
“The CME Group’s introduction of a solana futures contract reflects growing market confidence in the coin’s long-term potential,” he said. “The ability to hedge risk through futures is a significant step in legitimizing both solana and the broader crypto market.”
The proposal represents a shift toward a broader acceptance of crypto assets beyond the world’s most valuable and popular cryptocurrency. Once implemented, the reserve would increase institutional interest and investment in Ethereum and Solana. As Iuorio highlighted, “Any step forward in the ability to hedge risk is an important step in validating the coin and the technology it brings to the arena.”
Trump’s proposal underscores a growing recognition of blockchain’s evolving landscape and the strategic role that diverse digital assets could play in the financial system.
Quarter-Billion Dollar Boost: DWF Labs Launches Massive Fund to Fuel Blockchain’s Next Phase
DWF Labs, a major player as a crypto market maker and investor, has announced the launch of its brand new $250 million Liquid Fund. The goal is to accelerate adoption and expansion of established mid and large cap’ blockchain projects.
According to their announcement , the fund is designed to provide significant financial backing along with crucial strategic ecosystem support to projects that are actively contributing to the real-world adoption of cryptocurrency.
What’s DWF Labs’ Track Record in Supporting Web3 Growth?
DWF Labs has already established itself as one of the most active investors in the crypto sector. They’ve injected over $11 million into promising blockchain initiatives in just the past two weeks alone.
And with this new Liquid Fund, the firm has already lined up two substantial investment deals worth $25 million and $10 million, with more announcements expected to follow soon.
The firm intends to invest anywhere from $10 million to $50 million per project, ensuring sustained growth and wider adoption.
The newly announced Fund isn’t just about the money, though. It also aims to offer much more to the growing projects in the blockchain space.
Specifically, through the Fund, DWF Labs will concentrate on: enhancing liquidity and boosting DeFi activity on both Layer 1 and Layer 2 networks; strengthening the underlying financial infrastructure to support long-term growth; increasing project visibility through smart marketing and expert advisory services; and actively engaging communities to attract more traders and grow the number of token holders.
DWF Labs is also expanding its support for projects building on the BNB Chain. This follows their recent move into meme tokens like CZ’s Dog (BROCCOLI) and MUBARAK.
With the BNB Chain’s Total Value Locked (TVL) recently surpassing that of Ethereum (ETH) and even Solana (SOL), DWF Labs has expressed a very optimistic outlook on the future of the BNB Chain.
Additionally, the firm continues to support the intersection of AI and blockchain , debuting a $20 million fund aimed at accelerating the development of autonomous AI agents in the Web3 space in December last year.
AI-driven solutions like Dolos the Bully, AIXBT, Simmi, and others have already captured a significant portion of the crypto market, demonstrating the increasing influence of AI in the sector.
DWF Labs’ new initiative also includes up to $100,000 in cloud server credits for qualifying projects, along with strategic advisory services to help them succeed.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Banks on XRP Ledger? Aberdeen & Societe Generale Eye Tokenization
The XRP Ledger is seeing a noticeable uptick in adoption by big financial institutions as its use cases expand across various key areas, including decentralized finance (DeFi), stablecoins, and the tokenization of assets.
RippleX, which is a division within Ripple, has been a major driving force behind these changes, contributing significantly to the growth of the XRP Ledger. Jasmine Cooper, Head of Product at RippleX, recently shared some key insights into the latest advancements and the growing interest from institutions in leveraging the XRP Ledger’s capabilities.
One of the clear trends on the XRP Ledger is the increasing involvement of traditional financial institutions. This includes banks like Societe Generale and well-known asset managers such as Aberdeen. These organizations are increasingly looking at tokenization platforms on the XRP Ledger for a variety of assets, including money market funds and stablecoins.
Notably, Aberdeen has launched tokenized money market funds through XRPL-based provider checks. RippleX has been actively working to make it easier for institutions to tokenize assets and issue their own stablecoins on the XRP Ledger.
Related: Ripple’s XRP Ledger to Get Smart Contracts, EVM Compatibility
RippleX has introduced an interesting concept called multi-purpose tokens (MPTs). These tokens cleverly combine features of both regular, interchangeable tokens (fungible) and unique, non-interchangeable tokens (non-fungible).
This allows for more dynamic and flexible management of assets directly on the blockchain. This concept is particularly useful for developers as it allows them to issue tokens with additional information (metadata) directly attached. This could include details like bond terms or interest rates.
Another significant development that’s gaining traction is the integration of Ethereum Virtual Machine (EVM) sidechains. This sidechain essentially enables compatibility with smart contracts written for the Ethereum network and allows for the transfer of assets like XRP onto this sidechain.
RippleX is also focused on incorporating privacy features within the XRP Ledger. By adding things like access areas and credentials, institutions can create authorized environments where participants need to meet specific requirements, such as completing Know Your Customer (KYC) verification processes.
Related: RLUSD Takes Off on XRP Ledger as USDT Faces Europe Delistings
Additionally, RippleX is exploring the integration of zero-knowledge proofs (ZKPs). This technology could further enhance privacy while still maintaining the transparency and security that blockchain is known for.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
TORN Price Spikes as Tornado Cash Gets Removed from OFAC Blacklist
The cryptocurrency community saw a major shift on March 21 as the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) officially removed Tornado Cash, an Ethereum-based privacy tool, from its sanctions list. The decision to lift the sanctions comes amid a broader shift in U.S. crypto policy under the Trump administration, which has taken a more favorable stance on digital assets. With several prominent crypto advocates appointed to senior government positions, the administration has signaled a move toward a more crypto-friendly regulatory approach.
Tornado Cash is a decentralized protocol designed to enhance transaction privacy on the Ethereum blockchain by allowing users to mix their funds, making transaction trails harder to trace. In August 2022, the U.S. Office of Foreign Assets Control (OFAC) sanctioned the protocol, accusing it of facilitating the laundering of over $7 billion in cryptocurrencies, including $455 million allegedly linked to North Korean hackers, the Lazarus Group. This marked the first time a decentralized protocol faced such sanctions, igniting debates over the regulatory reach of open-source software.
The sanctions against Tornado Cash faced strong legal opposition from its users, backed by major industry players like Coinbase . Plaintiffs argued that OFAC had overstepped its authority, as Tornado Cash’s immutable smart contracts could not be classified as “property” under the International Emergency Economic Powers Act (IEEPA). Their argument gained traction, and in November 2024, the Fifth Circuit Court of Appeals ruled in their favor, stating that OFAC had indeed exceeded its statutory authority by sanctioning the protocol’s smart contracts.
Following the court’s decision, OFAC conducted a review and ultimately removed Tornado Cash from its Specially Designated Nationals (SDN) list. Treasury Secretary Scott Bessent reaffirmed the department’s commitment to combating illicit cyber activities, particularly those tied to North Korea, while acknowledging the rapidly evolving nature of decentralized technologies.
Meanwhile, legal proceedings against Tornado Cash developers continue. As CNF reported in February, Alexey Pertsev, one of the protocol’s developers, was released though he remains under house arrest and electronic monitoring after being arrested in May 2024. Prosecutors had accused him of facilitating money laundering through the platform. His colleagues, Roman Storm and Roman Semenov, face similar charges. Storm is set to stand trial in July, where he risks a maximum sentence of 45 years if convicted.
The lifting of sanctions had an immediate effect on TORN’s market performance. The token’s price skyrocketed by over 60%, climbing from $7.50 to intraday highs of $15.23, reflecting renewed investor confidence and optimism about the protocol’s regulatory future. As of now, TORN is trading at $11.42 , still down 97.08% from its all-time high of $436.16, recorded on February 13, 2021.
The token’s trading volume has surged by an astonishing 1,850.08% in the last 24 hours, reaching $3.5 million, while its market capitalization saw a more modest 36.75% increase to $60.35 million. With an increase of 50.90% over the past week, TORN has outperformed the broader cryptocurrency market, which has faced a 0.40% surge over the same period.