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Points of Focus
- Zano rolled back a month after 36.9 million unauthorized ZANO were created.
- QNT surged 191% after The Clearing House selected Quant for its tokenized-deposit network.
- Abracadabra disclosed $21 million in bad debt as its wind-down vote failed.
Major hacks, including the $352-million Bitget breach, and institutional crypto deals dominated the headlines this week. Away from the biggest stories, Zano erased a month of chain history, Quant (QNT) nearly tripled in two days, Abracadabra faced a $21-million hole, and wallet approvals granted in 2024 came back to expose Magic Eden users.
Here are five crypto stories from Sept. 25 to Oct. 2 that may have slipped under the radar.
Zano rolled back a month after 36.9 million unauthorized ZANO were created
Privacy blockchain Zano released an emergency update on Sept. 27 that rolled the chain back to block 3,833,000, dated Aug. 26, after a Gateway Address vulnerability allowed unauthorized supply creation.
In an Oct. 1 post-mortem, the team said an attacker had created about 18.4 million ZANO on Aug. 29 and another 18.4 million on Sept. 25, followed by unauthorized Freedom Dollar (fUSD).
Zano said no user funds, private keys, or transaction privacy were compromised. Hard Fork 7 continues the chain from before the first exploit and disables Gateway Addresses. A recent XRP Ledger flaw could also have allowed forged batch transactions.
QNT jumped 191% in two days
Quant (QNT) closed at $98.68 on Sept. 25 and $286.92 on Sept. 27, a 191% increase in two days, according to historical price data. Trading volume reached about $1.49 billion on Sept. 28.
The rally followed The Clearing House’s Sept. 24 decision to select Quant for the interoperability, orchestration, and transaction-management layer of its On-Chain Money Initiative.
The network will connect tokenized deposits with The Clearing House’s Real-Time Payments (RTP) network and Clearing House Interbank Payments System (CHIPS), with participating institutions expected to gain access in the first half of 2027. IBM and SWIFT are also testing tokenized deposits with 17 banks.
Abracadabra shutdown vote failed despite 99.48% support
Abracadabra proposed winding down Magic Internet Money (MIM) after estimating about $21 million in bad debt.
The proposal identified about $1.2 million in collateral, including roughly $300,000 in an immutable Arbitrum Wrapped Ether (WETH) market, leaving around $900,000 in actionable collateral and effective backing below $0.04 per MIM.
Voting ended Sept. 30 with 99.48% of voting power in favor, but only about 100.6 million SPELL was cast against a 3-billion-SPELL quorum.
Decentralized finance (DeFi) governance has produced other unusual votes recently, including a Compound proposal involving an $8.4-million reserve.
TradeWiz drain touched 20,933 wallets
A private-key exposure involving Solana trading bot TradeWiz affected 20,933 wallets, according to an onchain investigation by Bitquery.
The main Sept. 30 sweep drained 20,776 wallets, while later token and account-rent sweeps pushed the total affected count to 20,933. Bitquery estimated losses at about $459,000, including 3,523 Solana (SOL) and 189 SOL collected as rent from closed token accounts.
Around 94% of the stolen SOL remained in two wallets as of Oct. 1. MEXC recently reimbursed a separate $340,000 account drain linked to a forgotten API key.
Old Magic Eden approvals exposed millions two years later
Magic Eden said the exploit involved Limit Break’s Payment Processor v2, which it used for Ethereum Virtual Machine (EVM) trades from February to October 2024.
Magic Eden stopped using the protocol in October 2024 and shut its EVM marketplace in Q1 2026. The company said no live Magic Eden listings were affected, while approvals granted to the old contract left some users exposed.
We are sharing an interim update regarding an exploit identified with @limitbreak Payment Processor V2, a NFT trading protocol maintained by the company Limit Break and which Magic Eden adopted to settle trades on EVM in 2024.
Magic Eden stopped using Payment Processor V2 in Oct…
— Magic Eden 🪄 (@MagicEden) September 25, 2026
Revoke.cash tracked at least $2.8 million in losses. A white hat operation led by Yuga Labs vice president of blockchain 0xQuit moved 23,155 non-fungible tokens (NFTs) worth more than $5.7 million out of exposed wallets, expanding an earlier rescue operation involving 3,832 NFTs.
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