![[LIVE] Up-to-the-Minute Crypto Updates, September 2 – Cybercriminals Rattle Crypto market while BTC Stays at $110K: $8.4M BunnyXYZ Breach and $27M Venus Crypto Incident](https://i0.wp.com/99bitcoins.com/wp-content/uploads/2025/09/IMG_0907-1-768x323.jpeg?w=770&resize=770,470&ssl=1 "[LIVE] Up-to-the-Minute Crypto Updates, September 2 – Cybercriminals Rattle Crypto market while BTC Stays at $110K: $8.4M BunnyXYZ Breach and $27M Venus Crypto Incident")
[LIVE] Up-to-the-Minute Crypto Updates, September 2 – Cybercriminals Rattle Crypto market while BTC Stays at $110K: $8.4M BunnyXYZ Breach and $27M Venus Crypto Incident
With 
BTC ▲0.09% maintaining its position over $110K, hackers are dominating the news today in the crypto sector, particularly with the recent breaches affecting BunnyXYZ and the Venus protocol. BunnyXYZ experienced an authenticated hack on ETH and Unichain, leading to a confirmed loss of $8.4 million—$6 million from Unichain and $2.4 million from ETH.
The malicious actor has subsequently bridged all pilfered assets to Ethereum. The likely culprit is said to be a precision mistake within the mechanics of the protocol’s pool.
The exploiter has removed funds to address 0xe04efd87f410e260cf940a3bcb8bc61f33464f2b.
Attack transaction: https://t.co/J0BTd7eSDe
Stay Alert! pic.twitter.com/xOdpzfcQb4
— FailSafe (@getfailsafe) September 2, 2025
The attacker allegedly conducted a significant swap to distort the price tick, followed by repeated withdrawals to exploit the precision error, and then swapped back for gain. However, Venus faced an even more considerable breach.
DISCOVER: Top New Cryptocurrencies to Invest in 2025
Venus Crypto Breach: $27 Million Taken in Phishing Attack
Simultaneously, blockchain data from the Binance Smart Chain indicates that a significant Venus network account (0x56…2008) was potentially breached, involving over $27 million. According to the security firm PeckShield, the user may have unintentionally enabled a malicious address through a phishing attack. This permitted the attacker to transfer the funds directly to address 0xe04efd87f410e260cf940a3bcb8bc61f33464f2b.
(Source: DeBank)
The BunnyXYZ and Venus hacks illustrate the harsh reality that even slight technical errors or user oversights can result in major financial harm. These incidents underscore the rising risk of hacking within the digital currency environment.
Exercise caution in the space!
Trading market Trends: What’s Occurring Beyond the Hacks?
The last week showcased a notable resurgence of institutional interest. Crypto ETFs attracted approximately $2.5 billion, rebounding from the previous week’s $1.4 billion in outflows.ETH ▼-1.89% led the way with $1.4 billion in new investments, while BTC ETFs contributed $748 million.
However, prices didn’t entirely reflect that optimism. BTC ▲0.09% dropped from over $113,000 to below $108,000, and the overall assets under management in crypto funds fell 7% to roughly $219 billion as the market cooled off.
Simultaneously, SOL ▼-0.17% is once again surpassing both BTC and ETH following the recent widespread market retreat, trading around $203.60 (+3.19%). This consistent relative strength further indicates the direction of crypto market momentum: favoring Solana and its expanding ecosystem.
Keep following our real-time updates below.
South Korea to Commence Global Sharing of Crypto Transaction Data in 2027
South Korea plans to implement the Organization for Economic Cooperation’s (OECD) Crypto-Asset Reporting Framework (CARF) beginning next year. The country’s Ministry of Strategy and Finance officially introduced the Information Exchange Agreement on September 2, 2025.
What implications does this hold for crypto investors? Data regarding foreign investors utilizing Korean exchanges will be shared with their respective tax authorities, and records of South Koreans trading on international platforms will be submitted to Korea’s National Tax Service.
As reported by local media, a Ministry representative stated, “This pertains separately from taxation.” The representative added, “The goal is to establish comprehensive regulations for the Virtual Asset Information Exchange Agreement.”
This initiative aligns South Korea with a 48-nation commitment to activate CARF by 2027. South Korea’s endorsement of cross-border reporting of digital transactions aims to eliminate offshore loopholes.
SharpLink Enhances Ethereum Holdings to 837K ETH Valued at $3.6B
SharpLink has dramatically bolstered its ETH holdings, acquiring 39,008 ETH at an average cost of around $4,531. This takes its total holdings to 837,230 Ethereum, approximately valued at $3.6 billion as of August 31, 2025.
Major Achievements (Week Ending August 31, 2025)
- Secured $46.6 million via its at-the-market (ATM) facility
- Accumulated 39,008 Ethereum at ~$4,531 average
- Earned 2,318 Ethereum in staking rewards since the launch on June 2
- ETH concentration increased to 3.94, up 97% since June 2
- Maintains over $71.6 million in cash on hand for future investments
In related accumulation news, Bitmine acquired an additional 153,075 Ethereum (valued at ~$668 million) last week, elevating its total ETH assets to 1,866,974 Ethereum (~$8.15 billion).
The article [LIVE] Latest Crypto Announcement, September 2 – Hackers Shake Market as BTC Holds $110K: $8.4M BunnyXYZ Exploit and $27M Venus Crypto Vulnerability breach was first published on 99Bitcoins.
