Genius Addresses Platform Vulnerabilities, Lowers Gas Costs, and Optimizes BNB Cross-Chain Exchange

KuCoinFlash

Release Time:01/15/2026 03:16:31

BNB

$887.631-0.8%

Summary

Genius has implemented key updates in response to recent on-chain developments, addressing platform vulnerabilities and significantly reducing gas fees. The exchange optimized BNB cross-chain transfers and resolved sponsorship issues through the implementation of EIP-7702. Community-reported bugs were prioritized, and there have been no reported incidents of exchange hacks. Transaction efficiency has improved across major blockchains, with users noting faster withdrawals and lower costs. The team has confirmed that ongoing security audits are being conducted to prevent future risks. All updates are now live on the mainnet.

Odaily Planet News: Genius announced on the X platform that in response to community feedback regarding platform trading issues, some vulnerabilities have now been fixed, including:

-Gas fees have been significantly reduced: Fixed the issue of overestimated on-chain Gas limits under EIP-1559 and the problem of maxPriorityFeePerGas being set too high;

- Optimized BNB cross-chain exchange: Added a small gas buffer to prevent transaction failures caused by insufficient gas, without significantly increasing gas fees;

- Fixed cross-chain transaction fee sponsorship issues using EIP-7702: Updated the process to correctly execute cross-chain transactions sponsored by third parties (no longer experiencing previous execution issues).

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