The script for the North Korean IT workers’ infiltration and encryption project has been updated again. This time, it’s a Cointelegraph reporter going undercover to directly play the role of a VC and chatting with a fake startup about investments—talking up a storm.
While you watch from the sidelines, remember: remote teams, blurred identities, and “founders” who are in a rush for money are all major red flags. Not every project has HIP-1 this time upgrade: the deployer can directly adjust scaleWei to set balance pricing—essentially giving the project team a dynamic pricing key in their hands.
For market makers and early-stage projects, this is a real convenience: price anchoring is more flexible, and you don’t have to redeploy contracts every time. But on the flip side, it also expands the room for centralized manipulation, so retail investors need to keep their eyes open and judge whether the project team’s hands are steady.
The good news is that ecosystem tools are getting more complete. The downside is that the cost of trust goes up. In the short term, there may not be big fluctuations, but in the long run, it comes down to who can really make the best use of this feature.
If HYPE media is willing to lay traps to catch people phishing, don’t test human nature with real money.
Multisig, audits, face-to-face due diligence—none of it can be skipped. The North Korean hackers aren’t targeting one person; they’re targeting every part of the industry where corners are cut.
While you watch from the sidelines, remember: remote teams, blurred identities, and “founders” who are in a rush for money are all major red flags. Not every project has HIP-1 this time upgrade: the deployer can directly adjust scaleWei to set balance pricing—essentially giving the project team a dynamic pricing key in their hands.
For market makers and early-stage projects, this is a real convenience: price anchoring is more flexible, and you don’t have to redeploy contracts every time. But on the flip side, it also expands the room for centralized manipulation, so retail investors need to keep their eyes open and judge whether the project team’s hands are steady.
The good news is that ecosystem tools are getting more complete. The downside is that the cost of trust goes up. In the short term, there may not be big fluctuations, but in the long run, it comes down to who can really make the best use of this feature.
If HYPE media is willing to lay traps to catch people phishing, don’t test human nature with real money.
Multisig, audits, face-to-face due diligence—none of it can be skipped. The North Korean hackers aren’t targeting one person; they’re targeting every part of the industry where corners are cut.