Security

It is reported that KuCoin surveyed 577 crypto investors (including 360 men and 217 women) through KuCoin’s community and social media from February 24 to March 3, 2023, and reached the following conclusions: Interpretation of this information: KuCoin has conducted a survey aimed at 577 cryptocurrency investors in their community and social media channels. The survey began on February 24 and ended on March 3, 2023. The survey results provide some key insights into the behavior, priorities, and concerns of investors who are actively participating in cryptocurrency trading. One significant…

On March 10, Hedera disclosed the details of the attack. The attacker attacked the smart contract service code of Hedera’s main network and transferred the Hedera Token service token held by some user accounts to his own account. The target of the attacker is to use accounts as liquidity pools on multiple DEXs, which are migrated to use Hedera Token Service using contracts derived from Uniswap V2, including Pangolin Hedera, SaucerSwap and HeliSwap. Interpretation of this information: On March 10, it was revealed that Hedera had suffered an attack on…

It is reported that Babylon, a project aimed at bringing the security of Bitcoin to the Cosmos ecosystem, is now testing the network line, and will launch the second test network this summer before launching the main network at the end of the year. The working principle of Babylon is to act as the intermediary between the chain requiring additional security and Bitcoin, obtain block headers from the chain using its services, and write these block headers into the Bitcoin blockchain. The verifier who runs Babylon gets paid by using…

On March 7, it was reported that against the MyAlgo wallet attack, The Algorand Foundation said on Twitter today: “We have conducted due diligence on the Algorand protocol and SDK, but no loopholes have been found. The Algorand protocol is secure and has not been damaged. During the investigation, we have been in close communication with the MyAlgo team, but it needs to be clarified that MyAlgo is a third-party wallet provider, and has no direct contact with Algorand Company or Algorand Foundation. MyAlgo told us that they have not…

It is reported that Scroll released the test network version of its Ethereum L2 network on the Goerli test network, which is the test phase of transferring zk-EVM from pre-alpha to alpha. So far, Scroll can be tested on the Ethereum clone test network based on this project. The code of the test network will be open source, which means that the network can start to build resilience. In addition, a bridge has been established between Goerli Test Network and Scroll to transfer assets. Interpretation of this information: Scroll, a…

According to reports, Matthew Klinger, a 51-year-old resident of Jefferson City, Missouri, USA, was sentenced to five years’ probation after admitting to shooting a Bitcoin ATM with a pistol. It is not clear whether this machine has any faults, but Klinger said that he did so “to prevent it from taking money from others”. Interpretation of this information: The incident of a man shooting a Bitcoin ATM in Missouri, USA has been reported. The man, Matthew Klinger, was sentenced to five years of probation for admitting to the act. The…

On February 24, Mango Markets, a loan and transaction agreement based on Solana, announced two new features before its v4 release, focusing on mitigating direct security threats. In order to avoid being attacked or exploited by hackers again, Mango Markets will impose new restrictions on multi-signature wallets, which will allow developers to respond to “unpredictable market dynamics” and any vulnerabilities in program code. Interpretation of this information: Mango Markets, a loan and transaction agreement based on Solana, has announced two new features before its v4 release to ensure maximum security…

On February 24, Mango Markets, a loan and transaction agreement based on Solana, announced two new features before its v4 release, focusing on mitigating direct security threats. In order to avoid being attacked or exploited by hackers again, Mango Markets will impose new restrictions on multi-signature wallets, which will allow developers to respond to “unpredictable market dynamics” and any vulnerabilities in program code. Interpretation of this information: Mango Markets, a loan and transaction agreement platform, has recently introduced two new features as part of its v4 release. These new features…

On February 24, Coinbase announced the launch of the Ethereum L2 Network Base Test Network yesterday, but according to Token Sniffer, a data website of the encryption monitoring company Solidus Labs, since the announcement, at least four new “analog” tokens have been created, such as “Base”, “Base token” and “Coin Chain”, but these tokens have nothing to do with Coinbase, and Coinbase does not intend to issue new network tokens. Interpretation of this information: Coinbase, one of the leading cryptocurrency exchanges, has announced the launch of the Ethereum L2 Network…

It is reported that Den, a multi-signature start-up, completed a US $2.8 million financing, and IDEO CoLab Ventures led the investment. The investors included Gnosis, Lemniscap and Spice Capital. Individual investors included Balaji Srinivasan, the former chief technology officer of Coinbase, and Packy McCormick from Not Boring Capital. This round of financing will be used to develop multi-signature wallets. The founders of Den are Jonah Erlich and Ittai Svider, the core members of the ConstitutionDAO. Interpretation of this information: Den, a start-up specializing in multi-signature wallets, has successfully raised US…

According to reports, Zhou Hongyi, the founder of 360, said that at present, Chinese Internet companies are too pragmatic when exploring ChatGPT. They are more concerned about the combination of their own business and ignore the more possibilities that ChatGPT will bring. He mentioned that in the field of ChatGPT, China has great advantages and is expected to reach the world’s leading level within 2-3 years. It should give full support to ChatGPT technology exploration. He believes that the biggest security problem of ChatGPT is whether it can be controlled…

On February 21, the Axis Infinity side chain Ronin Network officially announced that it had communicated with the community and the current verifier. After that, 250000 RONs would be needed to run the verifier node on the Ronin network. Interpretation of this information: The Axis Infinity side chain Ronin Network has recently made an important announcement, informing the community and the current verifier that 250000 RONs would be required to run a verifier node on the network. This communication signals a shift in the network’s strategy towards stronger verification measures,…

It is reported that Fireblocks is trying out a hybrid custody solution, which can be used by its customers to protect their cryptocurrency even when trading on the exchange. The proposed platform is envisaged as an “off-site” service. The platform will enable customers to keep their encrypted assets when trading on the exchange. Only when the transaction needs to be settled, the funds will be removed from the custody platform. Huobi and Deribit have been added as partners of the project. Interpretation of this information: Fireblocks, the digital asset security…

It is reported that FTX Japan has officially sent a document saying that it has notified the customer to confirm its account balance through email. The customer needs to complete the asset transfer through another trading platform, Liquid Japan. After the preparation work is completed, the customer will be notified of the specific withdrawal time as soon as possible. Interpretation of this information: FTX Japan, a cryptocurrency trading platform, has reportedly notified its customers to verify their account balances by email. This notification is seen as a cautionary measure to…

According to the news, according to CertiK monitoring, the distributed server of OkCatOfficial project was attacked. Please community users do not click any link before the server is repaired. Interpretation of this information: The message advises the community of the OkCatOfficial project not to click on any links until its distributed server is repaired. This recommendation follows an attack that the server has suffered, as reported by CertiK, a cybersecurity company that monitors technology systems. The assumption is that cybercriminals may have exploited vulnerabilities on the OkCatOfficial project’s distributed server…

It is reported that Gabriel Shapiro, the general counsel of Delphi Labs, said on Twitter that the lawsuit of the United States Securities and Exchange Commission (SEC) against Terraform Labs and its co-founder Do Kwon could be regarded as the “road map” of the SEC to ban other stable currencies. Shapiro said that the SEC’s argument in the lawsuit was “more thorough than usual”. The SEC’s lawsuit has four firsts: 1. It claims that the stable currency (UST) is a security; 2. It is claimed that the synthetic stock (mAsset)…

On February 17, Optimism announced that the community’s vote on the main network Bedlock upgrade proposal had been postponed, and the vote would be held from March 2 to April 5. The postponement of voting is to solve the loopholes found by community members in the Bedlock loophole reward contest. If the Optimism community votes to approve the Bedlock upgrade proposal, the upgrade will take place two weeks after the end of the vote. Interpretation of this information: The recent announcement from Optimism indicates that the community’s vote on the…

It is reported that two residents of Tomsk, Russia, will be tried for “large-scale robbery” for stealing cryptocurrency from a local cryptocurrency miner. They extorted more than 360 million rubles (more than $4.8 million) of cryptocurrency from him. The two forced the victim to log in to the account at the cryptocurrency exchange and transfer 86BTC from a wallet with 90BTC to them. They will face up to 15 years’ imprisonment and a fine of up to 1 million rubles. Interpretation of this information: The latest news from Tomsk, Russia,…

It is reported that NEAR Core released version 1.31.1, which fixes the vulnerabilities in the previous block result root verification and the total supply verification. More than 2/3 of the main network block verification nodes have deployed the same patch in this version before the release of this version, thus protecting the main network from attacks related to this vulnerability. NEAR recommends that all node operators that have not directly repaired their nodes update them immediately. Interpretation of this information: NEAR Core, a blockchain platform, has resolved a critical security…

It is reported that the blockchain network security platform Ironblocks has completed a seed round of financing of US $7 million. This round of financing is jointly led by Collider Ventures and Disruptive AI, with the participation of Samsung Next, Quantstamp and ParaFi. Individual investors include Balaji Srinivasan, the former chief technology officer of Coinbase, and Nimrod Lehavi, the co-founder of Simplex. Interpretation of this information: Ironblocks, a blockchain network security platform, has announced the completion of a seed round of financing worth $7 million. Collider Ventures and Disruptive AI…