News list for "Founding"
On February 24th, Infini founder @Christianeth posted on the X platform that 70% of the stolen 50 million dollars belong to big family friends who know each other. At present, they have communicated one by one and will bear the possible losses and settle privately. The remaining funds will be re-invested in infini vault before next Monday. Everything is business as usual. The funds are ready. In the middle, they will respond to any withdrawal needs. It will take some time to upgrade and restart ...
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.
Christian, founder of Infini, tweeted that since the theft, the withdrawal application has accumulated 500,000 US dollars, and all of them have responded, and even many wallets continue to deposit money. At present, all consumption and withdrawals of the product are as usual, and the only thing affected is the financial management part (because the contract has been suspended and no funds have been transferred to prevent secondary risks). It will take some time to propose and implement a better ...
On February 24th, Christian, the founder of Infini, said in the community that the current withdrawal is normal, and the personal funds are advanced first.
Infini founder @Christianeth is suspected of responding to the attack, saying that he is still sorting out and tracking the details. The withdrawal is normal, and the worst case is full compensation. You can rest assured.
On February 24th, according to Cointelegraph, Jeff Ren, founder of OKX Ventures, said that in order to obtain venture capital funding, crypto start-up companies need not only strong technical strength, but also the ability to "understand the market and adjust in a timely manner". Ren pointed out that OKX analyzes market trends and user requests through its wallet product, and when evaluating investment opportunities, the first consideration is whether it can create value for the founding team th...
On February 23rd, MicroStrategy founder Michael Saylor once again released information about Bitcoin Tracker, saying: "I don't think it reflects what I did last week." According to previous rules, MicroStrategy always discloses the increase in bitcoin holdings the day after the relevant news is released.
On February 22, the founder of Slow Mist, Cosine, posted on social media that from a security perspective, the suggestion to urgently stop the wallet system in the case of unknown reasons is correct. Bybit's theft response speed is extremely fast, and the positioning problem is also extremely fast. SlowMist and some security teams immediately intervened in the communication, quickly identifying the problem and speculating on the hacker portrait. There is no problem with Bybit opening the withdra...
Ethena Labs founder @leptokurtic_ posted on the X platform that the past 24 hours have been very difficult, Ethena Labs handled the largest redemption volume in a single day and lifted all unrealized exposures to Bybit within an hour after the incident, USDe has never been under-collateralized, even if the unrealized exposures to Bybit did not drop to zero within an hour, USDe is still over-collateralized status, hoping that this incident can verify some design decisions made to reduce the risk ...
SlowMist founder Cosine posted on social media that there is no problem with the Safe contract, the problem is in the non-contract part, the front end is tampered with and forged to achieve the effect of deception. This is not an isolated case. North Korean hackers have succeeded in this method several times last year, such as the WazirX incident (stolen $230 million, Safe multi-signature), Radiant Capital incident (stolen $50 million, Safe multi-signature), DMM (stolen $305 million, Gonco multi...
On February 22nd, according to the analysis of Eric Wall, co-founder of Taproot Wizards, the Bybit theft incident has been basically confirmed to be the work of the North Korean hacking group Lazarus Group. According to Chainalysis 2022 report, the organization usually follows a fixed pattern in disposing of stolen funds, and the whole process may last for several years. Data from 2022 shows that the group still holds $55 million of funds from the 2016 attack, indicating that it is not in a hurr...
On February 22, Binance founder CZ released a response on social media to the fact that Binance is transferring ETH loans to Bybit, saying that Binance has not yet started to support Bybit. These are the trading behaviors of users, and it may be that some whales have lent to Bybit. Binance cannot claim credit under false names.
On February 22nd, according to Theblock, Bybit co-founder and CEO Ben Zhao said that after the $1.40 billion hack, all customer withdrawals will be processed. The company will not buy Ethereum, but rely on bridge loans from partners (a short-term loan used to help entities transition). "In effect, we have obtained nearly 80% of the stolen Ether as bridge loans to provide us with liquidity and help us solve the liquidity crunch so that we can get through this critical...
In response to the Bybit hacking incident, BitMart founder Sheldon posted on the X platform that the relevant address has been frozen. Once stolen assets flow into BitMart, relevant assets will be frozen immediately to support recovery efforts. He pointed out that "the cryptocurrency industry is a community with a shared future, and the most important thing in this industry is reputation. We want to work together to help Bybit recover its losses and recover its assets. This industry needs everyo...
"This is not an easy situation to deal with," CZ, founder of Binance, said in response to the Bybit theft on the X platform. "It is recommended to temporarily suspend all withdrawals as a standard security precaution. If necessary, I am willing to provide any help. Good luck!"
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