New Research

@wuselianhua

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<ZachXBT: X accounts @Ape_31 and @60711 are British scammers who stole more than $650,000 in one year> ----New Research :Hope @zachxbt can start a bounty hunting company.Provide paid services to recover funds for ordinary victims of security incidents in the encryption field.This will be great news for ordinary crypto users. https://x.com/zachxbt/status/1840749550304125401

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BTC is currently mainly used for value storage, so as long as the wallet is safe, its security is met.The target of other public chains is client applications, and frequent user interactions will bring many additional security risks.Public application chains represented by the ethereum ecosystem need to recognize the harsh reality as soon as possible.Their current security environment is only suitable for institutional and professional clients and is far from being ready for large-scale user adoption.Whoever can solve the security problem first is most likely to become the final winner.

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<The address with more than 12,000 spWETH stolen promised to provide a 20% reward to the attacker> ----New Research :Only large-scale fishing thefts are reported.This is just the tip of the iceberg. A large number of small thefts are only known to the victims and they cannot get help.20% of the stolen amount is enough to hire a team of top bounty hunters.It would be great if the ethereum ecosystem published a list of bounty hunters. https://etherscan.io/idm?addresses=0xaa1582084c4f588ef9be86f5ea1a919f86a3ee57,0x278df4492d16321b247660799fad1a12de152dd1&type=1

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<Protocol Village: Chainlink Says Bedrock Adopted Proof of Reserve Solution After $2M Exploit> ----New Research:It would be best if the project could solve any security issues that arise on its own.We hope to see the establishment of an industry security protection fund consisting of premiums paid by most projects as a percentage of their own size.Provide security for projects that have security issues. https://www.coindesk.com/tech/2024/09/25/protocol-village/?_gl=1*1er0e09*_up*MQ..*_ga*MTY4OTYxMjQ3OS4xNzI3NTEyNDkx*_ga_VM3STRYVN8*MTcyNzUxMjQ5MC4xLjAuMTcyNzUxMjQ5MC4wLjAuNjUzODQ0NTcz

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< Immunefi:Crypto Hackers Nabbed $409M in Q3> ----New Research:Safety is a very important issue.And the bigger the industry gets, the more important industry security issues become.Industry security should be jointly maintained by major industry participants.It’s time for the crypto industry to form a joint organization to maintain industry security. https://www.coindesk.com/business/2024/09/26/crypto-hackers-nabbed-409m-in-q3-immunefi/?_gl=1*a229qb*_up*MQ..*_ga*MTQ2MDkwMjg4My4xNzI3NDI5NDk3*_ga_VM3STRYVN8*MTcyNzQyOTQ5Ni4xLjAuMTcyNzQyOTQ5Ni4wLjAuMzcxNDk1OTM3

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<Curve Finance Mulls Removing TrueUSD as Collateral for Stablecoin Curve USD> ----New Research:Whether TUSD is defrauding investors is easy to investigate in the industry. There will never be a situation where there are different opinions. https://www.coindesk.com/markets/2024/09/26/curve-finance-mulls-removing-trueusd-as-collateral-for-stablecoin-curve-usd/?_gl=1*1hvs50n*_up*MQ..*_ga*MTc5MDg2MDQ5OC4xNzI3MzQ1MjMw*_ga_VM3STRYVN8*MTcyNzM0NTIyOS4xLjAuMTcyNzM0NTIyOS4wLjAuMTE4NzQ5ODI2Mw..

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<WazirX Hacker Is Almost Done Laundering $230M Stolen Funds> ----New Research:If the crypto industry is willing to work together to find this hacker, it is entirely possible."Wherever you go, you leave a trace."Every operation on the Internet will leave a trace.Such joint actions will greatly deter all hackers who want to do evil. https://www.coindesk.com/business/2024/09/25/wazirx-hacker-is-almost-done-laundering-230m-stolen-funds/?_gl=1*oi9j1b*_up*MQ..*_ga*NTgxNDIxNzI5LjE3MjczNDQ2MTE.*_ga_VM3STRYVN8*MTcyNzM0NDYxMC4xLjAuMTcyNzM0NDYxMC4wLjAuMTU4MDE5MzYy

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<Arbitrum Ecosystem Security Subsidy Fund (SSF) will open for application on October 1 and will allocate $2.5 million worth of ARB> ----New Research :This is a very good phenomenon.I hope to see more actions to maintain security in the ETH ecosystem and even the entire crypto ecosystem.

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<Binance Says it Helped India's Enforcement Directorate Trace $47.6 million Related to a Gaming Scam> ----New Research :Wouldn’t it be better if industry giants took the lead and joined together to proactively maintain industry security? https://www.coindesk.com/policy/2024/09/25/binance-says-it-helped-indias-enforcement-directorate-trace-476-million-related-to-a-gaming-scam/?_gl=1*c9hv14*_up*MQ..*_ga*MTQwODM5OTA1OS4xNzI3MjQ2MDU3*_ga_VM3STRYVN8*MTcyNzI0NjA1Ni4xLjEuMTcyNzI0NjIzMC4wLjAuOTg4MTMwNzAw

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<YouTube Page of India's Supreme Court Hacked to Promote XRP> ----New Research:Establish an organization to maintain security in the crypto industry.It can prevent external thieves, but more importantly, it can prevent internal thieves. https://www.coindesk.com/business/2024/09/20/youtube-page-of-indias-supreme-court-hacked-to-promote-xrp/?_gl=1*hgyzyr*_up*MQ..*_ga*ODk2MTc2MjM5LjE3MjcxNjY4OTI.*_ga_VM3STRYVN8*MTcyNzE2Njg5MS4xLjAuMTcyNzE2Njg5MS4wLjAuMjExODc5NDM3OA..

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<Tranching Protocol official account was hacked and false information was published> ----New Research:It is unrealistic to expect the average user to take full responsibility for protecting property safety.It would be naive to place hope on the government to maintain the security of the crypto industry.If the crypto industry truly has ambitions for large-scale adoption, it should take the initiative to shoulder the greatest responsibility for maintaining industry security.

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The industry is full of security issues, but this channel that discusses security issues is so quiet.This situation is really abnormal.

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Early geeks had strong self-protection capabilities, so the industry could ignore security issues.After that, a large number of people who come to crypto to make quick money can also ignore security issues.Now the industry hopes to usher in mass adoption among the common man.If encryption continues to ignore the security protection of users, it is clear that security issues are a bottleneck.

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<Crypto Exchange BingX Hacked, Onchain Data Shows Over $43M Drained> ----New Research:The security of the crypto company or project is the most important.It is hoped that the crypto industry will establish an industry security protection organization, and that each member project or company will jointly invest in a security guarantee fund.Used to compensate for the losses of users who are not at fault in security accidents of crypto projects or companies.This will greatly enhance the sense of security of crypto users and allow the crypto industry to develop healthily. https://www.coindesk.com/tech/2024/09/20/crypto-exchange-bingx-hacked-onchain-data-shows-over-43m-drained/?_gl=1*1bctj7k*_up*MQ..*_ga*MTQ3Mjc3NDkzOS4xNzI2ODI2NzA1*_ga_VM3STRYVN8*MTcyNjgyNjcwNC4xLjAuMTcyNjgyNjcwNC4wLjAuNDYwNDYwNTA4

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<Banana Gun members responded to the "theft": the team is investigating and the robot service is suspended> https://www.theblockbeats.info/en/flash/264062 ----New Research:Another negative consequence of the crypto space’s long-term tolerance of hacker theft and fraud.There are more and more signs that the situation of insiders stealing from crypto projects is becoming more and more serious.This is the most terrible and dangerous thing for the entire industry.

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<ZachXBT discloses $243 million in stolen crypto assets from Genesis creditors> https://x.com/zachxbt/status/1836752923830702392 ----New Research:It turns out that there are many cases where the criminals behind hacking attacks can be caught.It is hoped that the encryption industry will establish an industry security protection organization as soon as possible and form a professional team of investigators.This can greatly deter hacker crimes and enhance the sense of security of encryption users.

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<Ethena Labs: Domain name registrar account was stolen, front-end website access has been suspended> ----New Research:Due to the crypto industry's long-standing disregard and inaction towards hacker theft and fraud, crypto has become the most rampant area for hacker attacks.The geek participants in early encryption had strong self-protection capabilities, so the problem was not serious.As encryption gradually gains mass adoption, it will be difficult for new users to adapt to this harsh environment.I hope that encryption can recognize the new situation, establish a security protection organization within the industry as soon as possible, and increase users' sense of security, so that the industry can grow healthily. https://x.com/ethena_labs/status/1836450334329155787

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<Paidun: WazirX hackers transferred 5,000 ETH to a new address, about $12 million> https://x.com/PeckShieldAlert/status/1836656184209870913 ----New Research:If the industry establishes a professional safety protection organization to provide professional assistance to victims of safety accidents.The commissions from recovered funds are enough to support a large number of excellent investigators.These investigators can greatly deter hackers and increase the industry's sense of security.

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《Crypto Broker DeltaPrime Drained of Over $6M Amid Apparent Private Key Leak》 ----New Research:The crypto space is an emerging industry that is very different from other industries.Professional institutions with strong capabilities and strengths also frequently experience safety accidents.It is unrealistic to expect ordinary crypto users to reliably protect themselves.It is very necessary to form an industry organization and set up an industry protection fund. https://www.coindesk.com/markets/2024/09/16/crypto-broker-deltaprime-drained-of-over-6m-amid-apparent-private-key-leak/?_gl=1*yr9umm*_up*MQ..*_ga*ODI1MzgxMjE5LjE3MjY3MjkxMzQ.*_ga_VM3STRYVN8*MTcyNjcyOTEzMy4xLjEuMTcyNjcyOTMyMy4wLjAuMTExNTYyODAxNQ..

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《The biggest cryptocurrency scam of the year was exposed, did the Vietnamese make $30 million?》https://www.theblockbeats.info/en/news/55057 New Research :We call on the crypto industry to quickly establish an industry organization to maintain basic industry security and protect users, and to exert strong industry pressure on scammers and thieves.If the crypto industry wants to expand and develop and enhance the sense of security, it should develop in parallel with reducing usage costs, reducing usage difficulty, increasing usage scenarios, and eliminating the separation between chains. ----If you also think that maintaining user safety is very important, please follow me, comment and forward.Let us make a joint appeal.

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