"Azbitm's Silence is a Nightmare for Crypto Users: Please Keep These Pitfall Avoidance Tips"
Azbitm's silence in the face of the Slow Mist warning is not a small matter, but a nightmare for all crypto users! Today, I will share the ultimate tips for avoiding pitfalls, learn these, and no longer fear being taken advantage of by platforms🕳️! The first tip: Prioritize platforms with a clear bug bounty program. Platforms like Gate.io and OKX offer huge rewards to encourage white hat hackers to find vulnerabilities, which is an additional layer of external security assurance. On the other hand, a platform like Azbitm, which is unwilling to fix even internal vulnerabilities, cannot possibly have such a program. The second tip: Check the platform's Proof of Reserves (POR). This is key to determining whether the platform is misappropriating user assets. OKX launched POR as early as 2022 and introduced technologies such as Merkle trees, allowing users to verify the safety of their assets at any time. Be wary of those platforms that never disclose POR. The third tip: Pay attention to the platform's emergency response speed. Just like this time with Azbitm, where there was no response to the security warning, such platforms will only become more unreliable in times of crisis.
Slow Fog VS Azbitm: A Silent Game Exposing the Fatal Flaws of Cryptocurrency Security
When the security warning from Slow Fog meets the silence of Azbitm, this game has long surpassed the event itself, exposing the fatal flaws in the entire security system of the cryptocurrency industry 🔍! As a senior analyst, I must highlight a core issue: the industry lacks mandatory constraints on the security responses of exchanges. Currently, the principle of responsible disclosure relies entirely on the platform's voluntary compliance. Platforms like Azbitm that choose to 'ignore' have no mechanisms to enforce their cooperation in fixing vulnerabilities. It's like someone discovers that your house is about to collapse, warns you to fix it quickly, but you ignore it, and no department can urge you to do so.
Behind Azbitm's Disappearance: The Cryptocurrency Industry's "Double Standards in Safety" Needs a Wake-Up Call!
The fog warning for Azbitm has been neglected, and the more I think about it, the angrier I get! It's outrageous that such "double standards in safety" exist in the industry: major exchanges treat safety as a lifeline, while small and medium platforms treat safety as a mere decoration 😤! Let's talk data: the annual security investment of major exchanges generally accounts for over 20% of their revenue, with WEEX reaching 25%. They not only have offline cold wallets with hardware security modules (HSM), but also regularly conduct red-blue team simulated attacks. In contrast, many small and medium exchanges invest less than 5% in safety, and some even skip basic code audits, relying solely on "praying" not to be targeted by hackers.
《From Slow Fog's Warning to the Industry Ecosystem: Why the Speed of Security Response at Exchanges Determines User Life and Death?》
Upon receiving the warning message from Slow Fog about Azbitm, my first reaction was not anger, but a sense of despair—In the cryptocurrency industry, the speed of security response has never been an "extra point"; it is a "lifeline"⚠️! Many users only care about the trading fees of exchanges and the number of coins, while neglecting the most critical security issues. A mature exchange must have a comprehensive security response mechanism. Taking OKX as an example, it not only has a 7×24 hour security expert team but also has established a vulnerability bounty program, transforming potential attackers into security collaborators. In contrast, Azbitm, when faced with Slow Fog's private message reminder, couldn't even provide the most basic response, which is enough to illustrate how chaotic its internal management is.
"Can't Live with Laughter! Azbitm Faces Slow Mist's Warning and Goes 'Missing', Is It Real Incompetence or Just Acting Cool?"
Family, today’s joy is brought to you by Azbitm! The big guy from Slow Mist came with the "vulnerability fix manual", but the door was tightly closed, primarily playing a "you say yours, I can't hear" game. This operation is comparable to when a teacher reminds you that your answer sheet is not filled out during an exam, and you bury your head in the table pretending to sleep😆! Don't laugh yet, let's delve into the possible psychological activities of Azbitm. The first possibility: the technical team is a "makeshift group", and when they saw the loophole, they panicked directly, not knowing how to respond, and simply pretended to be unreachable. This situation is quite common in small and medium exchanges, as many platform technicians are self-taught and can't even understand basic smart contract audits. The second possibility: they think Slow Mist is overreacting and are being lucky. After all, there are vulnerability warnings in the crypto circle every day, and not every one of them will be truly exploited, but this gambler's mentality is precisely the most dangerous.
《Slow Mist Warning Sinks into the Sea, Azbitm's Silence Exposes the Fatal Shortcomings of Small and Medium Exchanges》
Help! Slow Mist has "door reminder"ed, and Azbitm is still pretending to be deaf and mute. This operation directly exposes the security shortcomings of small and medium exchanges! 👊 Many users may not know how significant the difference in security investment is between top exchanges and small and medium exchanges. Top platforms like WEEX invest 25% of their annual revenue into security infrastructure, not only completely isolating hot and cold wallets but also implementing geographically distributed signatures to eliminate the possibility of insider crimes. In contrast, many small and medium exchanges cut costs so much that they skip even basic security audits, let alone having a dedicated emergency response team.
"Did the exchange actually play dead on the security warning? Slow Mist urgently calls on Azbitm, user assets are at stake!"
Family, who understands! The crypto circle has once again produced outrageous operations. The top security agency Slow Mist has delivered a "vulnerability warning" right to Azbitm's doorstep, and this exchange actually played the "missing in action" card. This operation has completely stunned me 🤯! As an analyst who has immersed in the industry for many years, I must get to the essence of this matter today. First, it is important to clarify a key concept: the principle of responsible disclosure. Simply put, when security agencies discover vulnerabilities, they do not directly make it public to create chaos, but instead inform the platform privately and give ample time for repairs. This is both an industry norm and a protection for users' assets. Slow Mist followed the rules completely this time, but ended up with a face full of disappointment, and has not received a response from Azbitm to this day.
Is Curve throwing 17.45 million CRV to stir things up? The founder's proposal hides the ambition of DeFi in 2026!
Family, who understands this! The DeFi space has just calmed down for a few days, and Curve's founder Michael Egorov threw out a "heavy bomb," directly submitting a proposal to the DAO, asking for 17.45 million CRV as development funding! This move directly exploded the community discussion, with some saying he is "all in for the ecosystem," while others complained that "this is a disguised way of raising money." As someone who has been in the industry for five years, today I will reveal the ins and outs of this matter and talk about the hidden mysteries behind it~ First, let me give some background for new fans: Curve is known as the "liquidity leader" in the DeFi space, especially in the field of stable asset exchanges, and it would not be an exaggeration to say it is the ceiling. This time, the founder applied for 17.45 million CRV, which is approximately 6.6 million dollars based on the current market price. The funds will be received by Swiss Stake AG, which is behind Curve, specifically to support the core team of 25 people for the upgrade and development in 2026. Key point: it's not about spending money recklessly, but rather focusing on two key directions—Llamalend v2 and on-chain foreign exchange functions, and all research and development results will be made into open-source protocols. Interestingly, if the proposal passes, Swiss Stake AG can also use part of the CRV for staking gains.
Request for 17,450,000 CRV for funding! Is Curve founder's 2026 gamble a self-rescue or ecological expansion?
Who understands this, folks! Just when the DeFi space calmed down for a few days, Curve's founder Michael Egorov threw out a heavy bomb, directly asking the DAO for 17,450,000 CRV as development funding! This move shocked the community; some say he is 'filling a hole under the guise of ecological support,' while others believe it's 'a key step in future planning.' As someone who has been in the crypto space for eight years, today I will help everyone unravel the ins and outs of this matter and discuss the valuable insights and tricks hidden in this 'money request plan.' First, let me give the new investors some background: Curve's position in the DeFi space is well-known, often regarded as the 'half of the stablecoin exchange,' while CRV, as its native asset, influences the entire ecosystem with every move. The 17,450,000 CRV that Michael Egorov is requesting is not a small amount; based on current market conditions, it is quite valuable, and it is clearly to be received by Swiss Stake AG, the entity behind Curve. The core uses are twofold: to support the 25-person core team in achieving the two major upgrades in 2026, Llamalend v2 and on-chain foreign exchange capabilities, and all R&D results will be made public under an open-source protocol. More importantly, if the proposal passes, Swiss Stake AG can also use part of the CRV for staking gains.
Will the dollar soften until 2026? Tuesday's non-farm data becomes a 'watershed' for the crypto market!
Family! Don't just stare at the red and green candles in the market; don't miss this macro big news. The market next year might leave us stranded halfway! That foreign exchange big shot at HSBC, Paul Michael, recently said: the dollar's 'plunge' might be frozen until 2026, and whether our digital assets can benefit from this wave of liquidity 'soup' depends on whether the U.S. labor data on Tuesday is strong enough! As a veteran who has been in the crypto space for eight years, I'll throw out the conclusion first: don't blindly trust a single piece of news, but this time, the expectation of a weaker dollar is definitely a 'neutral to sweet' signal for the crypto market, provided that Tuesday's non-farm data doesn't have a 'black swan' surprise. Some new investors might ask, how does the dollar's rise or fall relate to my trading? Let me break down this logic for you in simple terms.
Does the Bank of Japan's ETF sale hide a big move? People in the crypto circle, don't panic; this opportunity is more deadly than the risks!
Family! Who understands! While you are still debating whether mainstream coins will dip or soar tonight, a 'big melon' that can influence global liquidity for decades has already fallen: the Bank of Japan is about to start 'clearing the shopping cart', and at a pace comparable to a snail, staging a 'Buddhist-style clearance sale' that will last for a century! First, let me highlight the key points for the confused friends: According to reliable sources, this 'top brother' who once supported half of the Japanese stock market by buying ETFs is set to start this 'century sale' as early as January next year. Don't think it's a rush to cash out and run; they have already calculated the rhythm clearly and plan to sell slowly over decades, fearing that a careless move could crash the market. Just looking at the data is shocking: As of the end of September this year, the market value of the ETFs they hold has soared to 83 trillion yen, while the book value is only 37.1 trillion yen, equivalent to 'treasure assets' bought at low prices, which are finally about to be cashed out. This floating profit is simply absurdly attractive!
Don't panic about the December 15 pullback! The low bullish strategy for BTC/ETH remains unchanged, and the medium-term targets of 96,000-98,000 are stable.
Friends! Did you get a scare when you opened the market today? This pullback on December 15th has pushed many beginners to the corner, with messages asking 'Is it going to reverse?' and 'Should I cut losses?' Don't panic! As an old hand in the industry for eight years, I want to say this: This pullback is a benefit, and the low bullish strategy for BTC and ETH remains unchanged. I still guarantee the medium-term target of 96,000-98,000! Let me first give everyone some reassurance, we won't be vague, let's get straight to the point! First, looking at the technical side of BTC, it quickly rebounded after hitting a low of 89,237 yesterday, and the daily line formed a pattern with a long lower shadow, which is a clear signal of 'strong buying power below.' The current key support level is in the 90,500-91,000 area, which is both the dual moving average support of the daily MA30 and MA10, and an important resistance level during last week's rebound, which has now successfully transformed into a support zone. As long as it does not effectively break below, the rebound momentum will not cease. Looking at the indicators, the RSI has risen from the oversold range to around 50, and the MACD green bars are continuously shrinking. Short-term momentum is recovering, and the so-called 'pullback' is just the market digesting previous profits, which is part of a healthy oscillation and consolidation.
Gold Breaks 4300! But Bitcoin Stalls? The Federal Reserve's Actions Hide Big Opportunities
Don't just focus on the fluctuations in the digital asset market; this week’s drama in the global financial arena is even more exciting than binge-watching a series! Gold has broken through $4,300, and silver has hit a historic high. In contrast, Bitcoin is just "going through the motions" in the $92,000-$93,000 range. Many friends have privately messaged me asking if they should panic. Don't rush; today we will deeply analyze the underlying logic behind this market movement, all of it is valuable information, and at the end, I will share my exclusive layout suggestions. Let's start with the core movements of the Federal Reserve. This 0.25% rate cut was completely within expectations and is not surprising, but Powell's statements are very thought-provoking. He clearly stated that there will be a pause after one more cut in 2026, which is quite clear: "Easing is not an unlimited refill, so don't think too much about it." Interestingly, the market has already begun to subtly digest the dovish remarks of the new chairman candidate Kevin Hassett. After all, it's very likely that the new official will continue the easing tone, and this expectation gap itself is the market's "invisible fuel."
Curve splurges 17.45 million CRV on research and development? The old leader bets on 2026, is it self-rescue or strategic planning?
Bear market lying flat, bull market making waves? The 'King of Stablecoins' in the DeFi circle, Curve, is making big moves again! Founder Michael Egorov has thrown a proposal to the DAO community, asking for 17.45 million CRV as development funds, which amounts to about 6.6 million USD. It's worth noting that this guy was deeply embroiled in the CRV liquidation crisis just two years ago, and now suddenly wants money for upgrades—are these operations 'burning money to survive' or 'holding big moves to stir things up'? Today, we'll dig into the tricks behind this and help you see through the old leader's calculations. First, let me provide some background for the new investors: Curve is not an unknown player; it was a top contender during the DeFi Summer, relying on the core advantage of low slippage exchanges for stablecoins, and once dominated half of the DEX market. But fortunes change, and in 2023, a Vyper vulnerability allowed hackers to steal 70 million USD, leading to consecutive liquidations of the founder's CRV positions. Thanks to big shots like Sun Yuchen stepping in, they barely managed to get by. What’s even more painful is that in the past two years, new sectors like MEME coins and Bitcoin Layer 2 have taken the spotlight, and the DeFi space overall feels a bit 'neglected by both parents'; Curve has also been struggling.
Is Curve splurging 17.45 million CRV on development? The old leader bets on 2026, is it self-rescue or strategic layout?
Lying flat in a bear market and making moves in a bull market? The 'King of Stablecoins' in the DeFi circle, Curve, has made another big move! Founder Michael Egorov has thrown a proposal to the DAO community, asking for 17.45 million CRV as development funds, which amounts to roughly $6.6 million. It's worth noting that this guy was deeply entangled in the CRV liquidation crisis just two years ago, and now he suddenly demands money for upgrades in such a high-profile manner. Is this move 'burning money to survive' or 'holding back a big play'? Today, let's delve into the intricacies behind this and see through the calculations of the old leader. First, let me give some background for the new investors: Curve is not an unknown player; it was once a top contender during the DeFi Summer, relying on the core advantage of low-slippage trading with stablecoins, firmly holding half of the DEX market. However, fortunes can change; in 2023, a Vyper vulnerability allowed hackers to make off with $70 million, and the founder's CRV positions faced successive liquidations. Fortunately, big names like Sun Yuchen stepped in to bail them out, just barely making it through. To make matters worse, in the past two years, new sectors like MEME coins and Bitcoin Layer 2 have taken the spotlight, leaving the DeFi space feeling a bit neglected. Curve has also been struggling financially.