Quick little 15 minute video update on low timeframe price action- I cover bitcoin:native, ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52 and $CVX.
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Important update regarding the August 25 security incident on https://t.co/uHkEa0c2Y6: As most of you already know, the “Realio Platform” (https://t.co/uHkEa0c2Y6) was maliciously exploited by an individual or group of individuals who gained access to the private keys of user wallets, as well as private keys to $RIO bridge reserves on Stellar and Algorand. The full extent of the incident is well documented independently by the community here for reference: https://t.co/cGRPcn8Uuh
IMPORTANT: The Realio Network blockchain was NOT hacked or exploited. Validators, as a group, agreed to halt the chain as a precaution to prevent stolen funds from moving further. Freehold (https://t.co/lgttETYVrN) and Districts (https://t.co/mW02AnC4qU) were not affected, and no users of either platform lost funds. The incident was limited to the legacy https://t.co/fw5Q0Q8IwZ webapp (https://t.co/uHkEa0c2Y6), which was already planned for deprecation. Unauthorized access to the system resulted in the malicious theft of private keys associated with user wallets and bridge reserves on Stellar and Algorand. All bridge routes between all chains hosting the asset $RIO were halted immediately. As previously announced, the $RIO asset on Algorand and Stellar will be completely deprecated, and all existing tokens on these chains will never reenter the circulating supply of $RIO.
Users who were staking $RIO on the native network via https://t.co/uHkEa0c2Y6 did not lose any staked tokens, as the 7-day unbonding period prevented theft before the network halt. We approximate $500K in digital assets were successfully cashed out by the attacker on various DEX markets while some funds were sent to MEXC, Kucoin, Binance nested service routes, among others. Some funds were converted into USDC and USDT. We have communicated our tracking of these transactions and deposits to all above-listed companies, as well as the FBI, which is now investigating the incident. We have documented the timeline, affected wallet addresses, transaction hashes, and asset movements across multiple networks. The identified activity involving MEXC and KuCoin resulted in the temporary freezing of attacker-controlled accounts involved. We've also reached out to additional exchanges to flag the accounts.
We are now working with the FBI to identify the individual responsible and assist with recovery of stolen assets. We are providing detailed transaction data and supporting evidence to the appropriate parties.
We have developed a plan to restart the network that involves freezing all stolen coins that were bridged by the attacker to the native network, as well as preserving all staked coins for users who had private keys stolen. We hope to restart the network very soon, if all validators agree.
Finally, all users who had accounts on https://t.co/uHkEa0c2Y6 will have the opportunity to create claims of all lost assets by creating a new account on https://t.co/lgttETYVrN and completing full KYC. The claims dashboard will be live soon, and we will announce when it is available. We expect to fully recover all $RIO tokens stolen by the attacker.