A single blockchain and its L2’s will not handle the world’s traffic in the same way one server could not handle all the world’s Internet traffic
#Verus is an Internet Protocol and a Financial System that can scale to the entire planet.
How?
Every fully independent blockchain that launches on Verus operates like a server that is connected to all the others…like multiple servers around the world share the load for the Internet.
It’s amazing how few in crypto understand or grasp that this is the only way crypto can truly scale…and only Verus has the best designed and most complete protocol to do it.
The few that have figured this out have not stopped accumulating $VRSC
$BTC $ETH #Crypto
@letsretireBTC@satoshi_0k@safetrade No doubt. I don’t get when people throw shade at SafeTrade. They are usually the first to list really innovative projects that are not on a lot of people’s radar. Solid exchange with an eye for great tech.
As Cake automatically leverages the Orchard pool to best protect user privacy, this network issue and upgrade in the Zcash network will mean that sending is currently unavailable.
Note this is not just a Cake Wallet issue, but is network-wide and due to some larger issue discovered in the Zcash network at large.
We will update you all as soon as the network upgrade is completed and services are fully available again 🫡
Here's one of the new pieces of music from the latest Hytale update. When things get difficult, heroes must perservere. I hope this music can help anyone who's facing challenge to find strength. https://t.co/iinb6wegaU
Can't see a reason NOT to correct inaccurate information. If these agencies are interested in the truth about the Verus situation, it is readily accessible. 🙏 $VRSC
The returned Verus bridge funds have now been converted back into the original currencies for reintegration into the Verus network.
The Verus recovery address currently holds 1,194.86 ETH (73.51% recovered), 76.0321 tBTC (73.41% recovered), and 147,727.67 USDC (100% recovered as discussed in the community meetings).
One issue we noticed is that some DEX interfaces have blocked the Verus return/recovery address. This address is not the attacker’s wallet. It is the community recovery address holding community funds.
We ask @Uniswap (your compliance department has been notified, we are still waiting for a response) @1inch@blockaid_ to review and correct the classification of the Verus recovery address (0xF9AB28cB7b72B518e6a351FbdaBe69362cBC1A74).
We ask the community to help by tagging relevant DEX interfaces, wallets, block explorers, and tracking services below, so the Verus recovery address is correctly recognized across the ecosystem.
0xF9AB28cB7b72B518e6a351FbdaBe69362cBC1A74
@MastrXYZ Building out p2p tech to solve the problems we have with web2.
I made this with @VerusCoin where both the lender and borrower presign atomic transactions at the point of agreement and the borrower holds all the power to repay.
ALERT: Security researchers identify a malware campaign dubbed "TrapDoor" targeting crypto developer environments for @Aptos, @SuiNetwork and @Solana via 34+ malicious packages designed to steal SSH keys and wallet credentials.
BREAKING: MICROSOFT JUST ANNOUNCED TO BAN ITS OWN ENGINEERS FROM USING AI DUE TO THE COST OF USING IT.
VP OF NVIDIA SAID, “THE COST OF AI FOR MY TEAM WAS MORE THAN HUMANS”
“AI CAN COST MORE THAN HUMAN WORKERS NOW”
From Discord:
We can confirm that 4052.4 ETH (around 75% of the stolen funds) have been returned to the funds return address by the bridge exploiter, and are now controlled by members of the Verus community. While we are hard at work on a plan to reintegrate those funds into the bridge and restore DeFi functionality, we would like to address a few key questions we have been seeing across public discussion and social media, invite everyone to participate in the community meeting taking place today at 19:00 UTC time [on Discord], discuss the plan going forward, and reflect a little on the events of the last few days.
Firstly, we would like to announce that we will be following our end of the publicly posted terms: we are ceasing any investigation we were previously conducting, and will not be pursuing the exploiters further or pressing charges. The 1350 ETH has been moved to another address by the exploiter, is a bounty and not viewed by us as stolen funds. To those asking how we came to the amount offered as the bounty, it was an amount that, along with the reduction of risk to them by considering this a bounty, we believed would be most likely to result in a return of funds. Out of respect for our end of the terms, we will not be engaging in discussion regarding the negotiation process.
Secondly, we need to acknowledge and learn from this experience as a community broadly, if we want a long and prosperous future for Verus as a project. Our success or challenges affect everyone in the community, and others indirectly through them. As mentioned in our breakdown of the exploit, it was both sophisticated and statistically fortunate. However, it was ultimately possible due to a chained together series of difficult to exploit software bugs, that on their own, could be considered minor. The few community developers that could have detected and fixed those issues before this event have been working, oftentimes as volunteers, tirelessly now for more than 8 years to bring the vision behind Verus to fruition. Although a small and appreciated number of core community members have listened and understood repeated attempts to sound the alarm about the need to fund development and continuous strengthening of a protocol as revolutionary as Verus, these discussions have often been overshadowed by marketing or other priorities first, even though the protocol, with unique capabilities and robustness, along with a breadth of core contributors make up the bedrock on which everything rests. Development donations even just to Valu's matching (Valu has offered to match up to 20k $ per month), a funded bug bounty program, or one or more extra pairs of skilled eyes developing on the Verus codebase may have enabled identifying and preventing this issue before it began, and would have cost a lot less than 3 million $. Although not exciting to hear or discuss, funding solid, sustainable development is as important as ever in the coming age of AI enabled exploits and quantum computing.
Finally, we would also like to mention that those looking to market or advertise themselves or their services (however well intentioned), whether that is auditing, investigation, etc. refrain from doing so in today's community meeting, and reach out to @lyonsnicholas1 ["Consilience" on Discord] directly instead. Today will be a chance to discuss how we plan to move forward from this event, and address any further questions regarding the incredibly stressful last few days. Although we can all breath a bit easier with the funds return having taken place, the hardest work to do to get Verus back on track is still ahead of us. Thank you all and we hope to see you here in the Verus Discord for today's community meeting at 19:00 UTC.
Opensource AI is not just about models, it is about agency
How? AI is becoming civilizational infrastructure
If intelligence becomes something people can only rent from a few closed institutions, the public loses not only software freedom, but operational freedom: the ability to study, build, repair, deploy, audit, adapt, teach, and preserve intelligence systems outside capitalistic institutional permission
JUST IN: The Verus Bridge exploiter has returned 4,052 $ETH ($8.5M) after draining $11.58M from the protocol.
The returned funds represent 75% of the stolen assets, leaving 25%, or 1,350 $ETH ($2.8M), as a bounty, per PeckShield.