Colam_bo

₳

[Varavas @Varavas9]

From today’s Binance hack, no $ADA or $NIGHT tokens were stolen.
And for a good reason:

- The attackers compromised a hot wallet key and an internal signing service, the same class of breach that has drained other exchanges before. But the ADA and NIGHT balances were not sitting in a simple account style hot wallet. They were held in a Cardano multi signature script (eUTxO) that required an additional on chain authorization from a separate, air gapped key controlled by a different team, plus a timelock that only released after a short challenge window.

- Midnight’s privacy layer added a second practical obstacle: the precise amounts and destination addresses were shielded with zk proofs. The attackers could see that “some” assets existed, but they could not confirm exact balances or craft a clean withdrawal transaction without generating valid selective disclosure proofs they did not possess. By the time they realized the funds were not freely spendable under the compromised key, the internal response team had already rotated the remaining signers and frozen the script.

- The only assets that left the platform were tokens that relied purely on centralized hot wallet controls. ADA and NIGHT stayed put because their movement was gated by on chain script conditions and privacy constraints that the stolen credentials alone could not satisfy.

In short: the keys were compromised, the script conditions and zk requirements were not.

[Colam_bo @colam_bo]

WoW, just used the PowPeg from @rootstock_io to bridge $RBTC to $BTC to my @lace_io Bitcoin wallet! Took like 3 hours until visible on my Wallet. User Interface on PowPeg just amazing! Next time I'll talk about the fees!

[Colam_bo @colam_bo]

@wikileaks @AlGhadTV Insane!

[Colam_bo @colam_bo]

@blockjock2017 @nchurchtattoo @strikecardano Friday, still capped

[Colam_bo @colam_bo]

@greycattaco @elraulito You need to activate it via: Lace -> Settings -> Beta Program

[Colam_bo @colam_bo]

Very impressed on the experience with my first LONG $ADA position with $ADA on @strikecardano with my @lace_io wallet.

[Cardano YOD₳ @JaromirTesar]

Most of the debates on social media about the most decentralized blockchain are inaccurate, misleading, or deceptive.

See what scientists from the University of Edinburgh think about it.

Cardano is far ahead.

Link: https://t.co/ohalz15ffw

[Colam_bo @colam_bo]

@dividendology Soldi report! Love it!

[Colam_bo @colam_bo]

@CoinDesk @FranciscoMemor Great of DEFI with @SovrynBTC

[Colam_bo @colam_bo]

@ilicenamalek Dirty Money

[Colam_bo @colam_bo]

@stats_feed Panama

[Chris O 🌎 Crypto Pundit @TheOCcryptobro]

#Cardano fam, it’s time for your weekly update!

1. @wanchain_org has made a number of notable moves this week. Their proposal to build a cutting-edge ZK-proof bridge between @MidnightNtwrk and @Cardano is making waves. This bridge will be an essential component to send $ADA and $NIGHT across both blockchains.

• Wanchain has integrated direct bridging between Cardano and Base for $EURC, Circle's fully backed, and MiCA compliant euro stablecoin.

• There is a new cross-chain route to bridge Tether $USDT directly between Cardano and Solana.

2. Very early days but @IOHK_Charles indicated a desire to utilize @FlareNetworks decentralized oracles for Cardano defi/ecosystem

3. @hoskytoken will become the 1st CNT to trade against $USDM on a centralized exchange, @nbxcom, in Q1 2025!

4. Using @FluidTokens, you're able to send gasless transactions in the Cardano network

5. @palmeconomy & @DanielTetsuyama making waves in Argentina! 3 major MOU’s are ready to sign. Argentina & enterprise now see how utilizing onchain sustainability, traceability & transparency coupled with tokenization is a game changer for both BC & EV industries.

As always the pace of development and growth is incredible. Couldn’t be more optimistic and excited about the future of the ecosystem.

[Yago @EdanYago]

BOS can power secure Bitcoin bridging to all kinds of blockchains, but the #UTXBros specifically can gain a special power. @cwpaulm

Bitcoin can call on Cardano smart contracts to enable DeFi for BTC holders *right on Bitcoin L1.*

Cardano can become Bitcoin's brain. 🧠🔵🤝🟠

[Cardano YOD₳ @JaromirTesar]

Do you know how many hacks occurred in #Cardano's DeFi in 2024?

I'll tell you: Zero.

This is an important achievement and has great significance for mass adoption.

Source: https://t.co/8caoy1heaD

[Colam_bo @colam_bo]

@AltcoinDailyio As him about Bitcoin Defi

[Colam_bo @colam_bo]

@ErikVoorhees @SovrynBTC

[Colam_bo @colam_bo]

@EdanYago yes in a country where the Government dosent have the capabilities to destroy your community.

[Colam_bo @colam_bo]

@TapTools $sov

[EMURGO @emurgo_io]

✨ EMURGO teams up with @BTC_OS, the smart contract operating system for Bitcoin, to enable cross-chain interoperability between Cardano and Bitcoin.

This tech collaboration makes #Cardano the first Layer-1 blockchain to leverage BitcoinOS' zero-knowledge cryptography and technology, opening the doors for trustless BTC integration with Cardano's DeFi ecosystem, and more!

Explore further into the collaboration at https://t.co/HMXr3X0HDo

[Dan Gambardello @dangambardello]

I don't think people understand how big this is.

Cardano just skipped the line to become the most technically important chain besides Bitcoin.

And stop talking about price for a second. The ADA price boom is not even due yet.

The timing of this is so good.

Enjoy the show.