BITGET $350M HACK: POST MORTEM
Between 18:31 and 21:23 UTC yesterday, Bitget was drained for $350M across 7 chains, with 5 wallets compromised. Arkham has labelled 26 hacker addresses so far.
Here’s what happened after the attack:
Regulated stablecoins, everywhere.
@Anchorage, home to America’s first federally chartered crypto bank, has selected LayerZero as its interoperability partner for regulated stablecoin issuance.
If you're bullish on new chains and new asset launches, you should be bullish interop volume.
If you're bullish interop volume, you're bullish LayerZero.
LayerZero's volume share is at multi-year high and maybe even at all-time highs.
Back over $10B monthly, market share cross 90% for I think maybe the first time ever. Slowly but surely, we're continuing to move the frontier forward.
@TalulahRiley I’ve seen quite a few technologies develop, but none with this level of risk. AGI is significantly higher risk than nuclear weapons, in my opinion.
Super smart humans have trouble imagining something vastly smarter than themselves.
We Must Pace the Frontier: I’ve written a new essay on why the AI industry should slow down, with a three-part plan for doing so.
Anthropic is unilaterally committing to the first of these steps. We’ll provide third-party evaluators with permanent, employee-level access to our systems, so that they can verify adherence to our safety measures, report on incidents, and assess models’ alignment during training.
You can read the full post here: https://t.co/OGyPb7yaYt
Introducing Lattice Jolt ⚡️
A new version of our open-source zkVM (zero-knowledge virtual machine): faster and post-quantum, with compact proofs built on lattice-based cryptography.
The key unlock is Akita, a new polynomial commitment scheme. @LayerZero_Core led its development with researchers at Carnegie Mellon University, the University of Southern California, and our team at a16z crypto.
The era of lattice SNARKs is upon us.
Jacob is correct here—we really do earnestly believe AI could kill all humans! I personally think it is >10% within the next decade. I believe Anthropic is trying its best, but we do not yet have a plan to solve alignment for superintelligence and are not clearly on track to.
I resigned from Anthropic today. I spent the last three years doing pretraining research at both OpenAI and Anthropic. Neither company is acting responsibly. They are racing straight to self-improving superintelligence and gambling with our lives. More thoughts below.
Most investors do not appreciate the important role that @LayerZero_Core is playing in crypto messaging and interoperability. I am so impressed with the vision of Bryan, Simon, and the team.
Five years and 170+ chains later, the LayerZero team hit the structural limits of today's blockchain architectures. So they're rebuilding an entirely new base layer.
Part One of our two-part series from @LorenzoARK, @rhadiARK, and @LayerZero_Core.
https://t.co/QlulQ2BOWP
BREAKING: 🇺🇸 Bank of America, Citi, Goldman Sachs, and 18 other global banks are teaming up to launch their own crypto stablecoin.
The banks that called crypto a scam are now building on it.