Until 2036 one of two will happen:
1. We will know who’s Satoshi and Bitcoin will take a very steep dive
2. Satoshi’s address (and some more) will lose all of its balance (burned) and Bitcoin will skyrocket
PQC
We @VennBuild just discovered a critical backdoor on thousands of smart contracts leaving over $10,000,000 at risk for months
Along with the help of security researchers @dedaub@pcaversaccio, the seals team @seal_911 and others, we managed to rescue the majority of funds before the attacker could make their move.
This is the story of how a sophisticated attacker (cough Lazarus) put backdoors in thousands of contracts and ALMOST got away with it 🧵
It seems that the 2,930 ETH stolen from @zkLend was deposited into Phishing website imitating TornadoCash and was immediately taken away by the phishing website’s operators.
H/T @TornadoCashBot
"The Road to Venn Network Testnet" DSS webinar is tomorrow!
On October 30th, 4PM GMT 🗓️
Honored to welcome @assafElii, Core Contributor of @VennBuild, for a discussion on Venn Network's and the security of their decentralized firewall. 🔥
Register now: https://t.co/zelkWmhphd
Are you using multisig? Great, but you should really be using an On-chain Firewall too.
@RDNTCapital just lost $50 million in one of the most sophisticated attacks we've seen in blockchain. If they had used Venn Network's validation process, this could have been avoided. Hackers compromised the devices of Radiant’s developers using malware, tricking them into signing transactions that appeared legitimate in @safe. The transaction they thought they were signing would have passed Venn Network's validation process and been approved. However, the actual malicious transaction they unknowingly signed either wouldn't have been sent to Venn Network for approval or would have been rejected. Without Venn Network's signature confirming its legitimacy, the On-Chain Firewall would have blocked the malicious transaction.
Importantly, Venn Network's protocol requires more than just signatures—transactions must be independently validated. This means even if private keys are compromised, unauthorized transactions can't slip through. By providing this extra layer of security, Venn Network offers peace of mind and robust protection against sophisticated attacks.
This shows that multisig alone isn’t enough. For real security, sensitive transactions need multiple layers of verification—like what Venn Network provides.
If Radiant had used Venn Network, they’d still be operating as usual today
Proud to be in the security council, a very unique L2 that puts its security as first priority!
I really believe that @KintoXYZ is one of the most promising networks in the ecosystem
P.s follow @VennBuild, we have unique initiatives to change the security paradigm to the best
Kinto Security Council will be set up in October.
This is a vital step in Kinto’s progression toward Stage 1 rollup status being achieved — a requirement for token transferability.
🧵👇
@Ironblocks_ 🛡️ @OpenZeppelin
Interested in learning how an on-chain firewall can prevent exploits before reaching your smart contracts using @VennBuild decentralized transaction validation?
Read the Onchain Firewall Audit blog post and check this thread for a system overview, including security policies and unique execution hooks to prevent attacks.⬇️
Kickstarting the AVS Agora Space Series 🎙️
Join us for our first space as we sit down with @assafElii, CTO of @VennBuild, to explore how Venn is revolutionizing Web3 security for DApps and rollups.
📆 22th August @ 4 PM UTC
Set a reminder 👇
https://t.co/8mZsOsugLr
@0xShuel Once the legal/regulation are eased up for dapps with token economics cashflow we will see much more real productive money making decentralized applications
The platform is open to everyone and the contracts are open for everyone to see and use, try them and create your visionary security policy / detector 👷🏻♂️
Fired up from AVS Day at @EthCC 🇧🇪
@assafElii's keynote on Venn sparked excellent discussions on decentralized cybersecurity infrastructure, #Restaking, and #AVS.
Big shoutout to @eigencloud and @Consensys for making it all happen!