Over 40,000 user mnemonics and private keys were stolen
More than 27,000 mnemonics and 10,000 private keys were collected
Over 19,000 digital wallet addresses were compromised
Shanghai Prosecutors Reveal Details of Former Huobi Employee’s Trojan Horse Incident link
According to a report by The Paper, on August 30, the Xuhui District People’s Procuratorate in Shanghai released a briefing on crimes related to virtual currencies, detailing a case involving former Huobi employees who planted malware to steal users’ private keys.
In March 2023, Liu, Zhang, and Dong conspired to illegally obtain others’ digital wallet private keys and seed phrases by embedding a “backdoor” into an app package. This backdoor collected users’ private keys, seed phrases, and IP addresses, which were then uploaded to a pre-established VPS backend server’s database and later downloaded to a local server.
Liu was responsible for writing the code that requested the upload of users’ private keys, seed phrases, IP addresses, and connecting to the VPS server. Zhang was tasked with setting up the VPS server and database to manage and store the uploaded data, linking the domain name to the VPS server’s IP, and downloading the stolen data. Dong handled the purchase of the domain name from the service provider and implemented the RSA encryption logic.
An investigation revealed that the trio illegally obtained 27,622 seed phrases and 10,203 private keys (after deduplication). These seed phrases and private keys were successfully parsed into 19,487 unique digital wallet addresses.
Hedge Funds are at the second highest short level ever.
Why? 3 potential reasons:
Hedge funds might short ETH if they expect a broader downturn in the cryptocurrency market.
Ethereum faces competition from other blockchain platforms, such as Solana.
In some cases, hedge funds may short ETH with the intention of influencing market prices downward, creating panic selling, and then covering their shorts at a lower price.
So this wanna be TA guy( Binance content creator) has been calling for a dump for months now to 40k . I’ve confronted him via replies and now this is what he does😂
Don’t take advice from random people.
Best to put in the countless hours , grinding to learn all there is in this “ game” to make life changing money.
I have fortunately achieved that with countless sleepless nights studying, researching and back testing my strategies.
There are no shortcuts in life for the ultimate success, being the freedom of time .
Learn the SKILL and set your self free from the MATRIX !!!
Keep working at it, it will pay off in a big way in time !
Semler: Let the game theory begin Semler Scientific has filed with the SEC to raise $150M to snag more Bitcoin. They've already purchased $58M worth of $BTC.
This follows the MicroStrategy playbook There will be a lot more of these following driving up Bitcoin Hardness/Scarcity IMHO.
Franklin Templeton, a global investment firm managing over $1.6 trillion in assets, has expressed significant interest in Solana, a high-performance blockchain platform.
The company's digital assets team has highlighted Solana's technological advancements and its potential in the cryptocurrency market.
In addition SOL is now the 4th largest crypto surpassing Binance BNB
Higher Capital Efficiency: $2.81 per $1 of TVL compared to $0.30 for Ethereum and its L2s.
Significant Trading Volume: Solana’s volume is 40% of Ethereum and its L2s combined.
Lower FDV: Solana’s FDV is much lower than that of Ethereum and its L2s, suggesting potential undervaluation.
Capital efficiency is a measure of how effectively the capital locked in the blockchain is being utilized. It is calculated as the ratio of 7-day DEX volume to TVL.
Solana: $2.81 volume per $1 of TVL Ethereum: $0.20 volume per $1 of TVL Total (Ethereum + L2s): $0.30 volume per $1 of TVL.
Solana’s capital efficiency is significantly higher than Ethereum and its L2s. This means that for every dollar locked in Solana, it generates $2.81 in trading volume, compared to only $0.30 for Ethereum and its L2s.
Volume and FDV Comparison Volume: Solana’s trading volume represents 40% of the combined volume of Ethereum and its L2s.
FDV: Ethereum and its L2s have a combined FDV that is approximately 4.39 times larger than Solana’s FDV.
Not only a far faster horse, but also far cheaper .
It all began today with Mark Cuban receiving inquiries from Kamala Harris's team about cryptocurrency.
"I'm getting multiple questions from her camp about crypto," he mentioned on Tuesday. "So I take that as a good sign."
Next, rumors surfaced that Gary Gensler might step down by the end of the year. Could this signal a shift from the anti-crypto stance championed by figures like Elizabeth Warren to a more pro-crypto approach? Maybe the Dems see that pivot might aim to win over the 55 million crypto enthusiasts in the USA.
Then, @MetaLawMan weighed in on the situation:
And finally the# Bitcoin 2024
Conference.... attend or die? Kamala wants in.
My "Embrace or Die" game theory is really playing out.