News list for " Representation"
MicroStrategy co-founder Michael Saylor said that bitcoin represents digital capital, and the network's current market cap is $2 trillion, which will reach $20 trillion in four to eight years, and its growth rate will exceed that of any other asset in the world.
On February 24th, Bybit officials said that the mETH Protocol team played a key role in the recent security incident. Through prompt action and effective coordination, the mETH Protocol team successfully recovered 15,000 cmETH tokens, worth about $43 million.
Slow Mist Cosine said that it has followed up the Infini hacking incident for the first time. The attacker is very technical and understands smart contract operations, so it is possible to steal the funds in its Vault and related strategies with a private key, stealing twice: 11,455,666 USDC and 38,060,996 USDC.
On February 24th, Bybit CEO said that the POR report is audited by a third party, Hacken. The whole purpose of auditing POR is to prove that user funds are supported at a 1:1 ratio. In addition, complete, consolidated, audited financial data, including off-chain bank assets, is also available, which ensures the health of internal governance and operations, and has now been submitted to global regulators.
"Kanye may have transferred (or hosted) its X account to BarkMeta Doginals for $17 million," according to crypto KOL Loki The Bird. The evidence provided by Loki The Bird includes the two's account follow and interaction records, their emoji usage habits, and the lighting and shading settings of Kanye's account.
Cobo Lianchuang and CEO Shenyu wrote on the X platform that the Bybit 1.50 billion dollar security incident and multiple Safe owner tampering incidents exposed the current three major pain points of blockchain security: The front-end/plug-in is easily tampered with, and users cannot verify the signature data. The multi-signature key holder environment lacks independence and there is no mandatory audit mechanism. The hardware wallet has weak transaction analysis ability and is basically in a blin...
According to RIA Novosti, a senior Russian diplomat said that Russian and American representatives plan to hold another round of meetings in a third country in the next two weeks.
Slow Mist Technology Chief Information Security Officer 23pds said on the X platform that Bybit attackers took away safe owner privileges in a forged signature attack. It is speculated that more than one macOS or Windows computer must have been charged, and the attacker may have stayed on the intranet for a while, able to monitor internal chat, transfer time and other information.
Andrei Grachev, a partner at DWF Labs, said in a post on the X platform that the Bybit hack is serious and must be properly investigated. DWF Labs has not yet requested a withdrawal from Bybit and is ready to provide ETH if needed. It is curious how Vitalik Buterin will react, as he pushed ETH back after the DAO hack a decade ago.
Bybit CEO Ben Zhou posted on social media that Bybit will transfer 2.95 billion USDT from cold wallets to hot wallets, which is a planned strategy and not a change in funds.
Lookonchain tweeted that according to CoinMarketCap data, Bybit had $16.20 billion in reserve assets before being hacked, and $1.40 billion was stolen, accounting for about 8.64%.
On February 22, Binance Lianchuang He Yi said on the X platform that all coins bought and sold by Binance employees are limited to 30 days, and they must be sold after 30 days, otherwise it will be considered a violation.
The security team Beosin said that an analysis of the address where the Bybit hackers launched the initial attack found that the fee for the address was funded by Binance. The corresponding 4 Binance Exchange withdrawal transaction hashes are: 0x64953fc1432bf106f5e8d6b0927a39130865fec013d8403bba8fc4382515884c 0xb9f9e43dc23bdb7b231925dc01e828990d3f84b8ad3305e83ffb6848711f871c 0xd6d871deece52f15e3f2c523dffad4b85c63125d72e4de702445a654de5ce100 0x0afa81cc9c0b0bfc4a9cd46c33bcdecf58199513e7c051e5a9df1...
SlowMist said on the X platform that the following are some details of the Bybit hackers: - The malicious implementation contract was deployed at 7:15:23 UTC 2025-02-19: 0xbDd077f651EBe7f7b3cE16fe5F2b025BE2969516; 2025-02-21 14:13:35 UTC, the attacker used three owners to sign a transaction to replace the Safe implementation contract with a malicious one: 0x46deef0f52e3a983b67abf4714448a41dd7ffd6d32d32da69d62081c68ad7882; - malicious upgrade logic is embedded in STORAGE [0x0] via DELEGATECALL: 0...
Decentralized lending platform Liquity said it will redeploy Liquity V2 in mid-March. The fixes for Liquity V2 have been developed. Auditors will start the audit next weekend. The redeployment of Liquity V2 is scheduled for mid-March after the audit is completed. The currently deployed Liquity V2 will become a legacy agreement. Liquity V2 Stability Pool users should immediately position squaring; Liquity V2 BOLD borrowers should close the loan while liquidity conditions remain favorable; BOLD ho...
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