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Cobo Lianchuang and CEO Shenyu wrote on the X platform that the Bybit 1.50 billion dollar security incident and multiple Safe owner tampering incidents exposed the current three major pain points of blockchain security: The front-end/plug-in is easily tampered with, and users cannot verify the signature data. The multi-signature key holder environment lacks independence and there is no mandatory audit mechanism. The hardware wallet has weak transaction analysis ability and is basically in a blin...
Andrei Grachev, a partner at DWF Labs, said in a post on the X platform that the Bybit hack is serious and must be properly investigated. DWF Labs has not yet requested a withdrawal from Bybit and is ready to provide ETH if needed. It is curious how Vitalik Buterin will react, as he pushed ETH back after the DAO hack a decade ago.
Bybit CEO Ben Zhou posted on social media that Bybit will transfer 2.95 billion USDT from cold wallets to hot wallets, which is a planned strategy and not a change in funds.
On February 20, Irene Zhao posted on social media that he clicked on a Kaito fishing link and accidentally transferred all the money in my wallet. Fortunately, there was not much USDT on the chain. Previously, it was reported that the chain detective ZachXBT had exposed Irene Zhao's involvement in multiple project fraud, reminding everyone to be cautious when dealing with it.
Ethereum-compatible Layer 1 public blockchain Monad said in a social media post that the testnet will be launched on February 19, 2025.
On February 17, IntoTheBlock posted that the correlation between Bitcoin and the S & P 500 index has dropped to zero, indicating that there is currently no connection between the two. The last time we saw such a low correlation was on November 5, 2024, just before Bitcoin surged to the $100,000 mark.
CryptoQuant community analyst Maartunn said in a post that the Bitcoin Inter-exchange Flow Pulse (IFP) indicator has turned bearish. The indicator measures market sentiment by monitoring bitcoin flows between spot and derivatives exchanges. When bitcoin inflows to derivatives exchanges increase, it usually corresponds to a bull market, and when outflows increase, it indicates a bear market trend.
On February 15, Animoca Brands posted on social media that Animoca Brands invested in KIP Protocol in February 2024 along with many other investors, and that Animoca Ventures was not aware of or involved in the launch of LIBRA.
The Kobeissi Letter said in a post on X that ZeroHedge's new chart shows that Ethereum is facing record short selling by hedge funds, with the number of CME futures contracts hitting a new high of 11,341. Short positions on Ethereum have increased by 40% in one week and by 500% since November 2024. It points out that the history of Ethereum shows a clear correlation between large short positions and subsequent price crashes.
On February 7th, DWF Labs said in a post on X that it has joined ZIGChain as a verification node and pledged 3 million ZIGs in the current activity. In April last year, decentralized social investment market Zignaly launched Layer1 blockchain ZIGChain and established a $100 million ecosystem fund.
