Bybit has a great UI/UX one of the best in the industry, tons of product’s i actually use like bybit card, their combo bots and soon a rebrand and likely legacy trading!
Not to mention my bots running and making myself and others $gains!
#IMAKEIT
Just tested the new TradFi feature on Bybit — smooth, fast, and perfect for crypto natives who want to trade gold & stocks like $TSLA without leaving the platform.
📈 Swapped between $XAUUSD+ & $TSLA in seconds. PnL in USDT. Clean UI.
Bybit bridging TradFi x DeFi. 💥 #BybitTradFi @Bybit_Official
Bybit Hack Forensics Report
As promised, here are the preliminary reports of the hack conducted by @sygnia_labs and @Verichains
Screenshotted the conclusion and here is the link to the full report: https://t.co/3hcqkXLN5U
Join us on war against Lazarus - https://t.co/EEkj05V2xZ
Industry first bounty site that shows aggregated full transparency on the sanctioned Lazarus money laundering activities. V1 includes:
- Becoming a bounty hunter by connecting your wallet and help tracing the fund, when your submitted bounty leads to freeze, bounty is paid upfront upon instantly at freezing.
-All freezer gets 5% of the bounty, exchange, mixers and all.
- live ranking of good and bad actor and their response time to deal with the sanctioned Lazarus group transactions. You don't want to end up on the bad actor list , it's a record of you helping to facilitate sanctioned transactions.
- Live API wallet address update for exchange, Chainanalysis, @arkham@elliptic@trmlabs
We have assigned a team to dedicate to maintain and update this website, we will not stop until Lazarus or bad actors in the industry is eliminated. In the future we will open it up to other victims of Lazarus as well.
V2 coming up:
-Live update on latest wallet with latest balance, this will serve as open bounty, bounty hunter can claim a wallet and own that part of the journey for x amount of time when the wallet is moving.
-Regulator Tools
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**More idea, feedback welcomed, please leave at comment, a lot more improvement needed**
LET THE HUNTING SEASON BEGIN!
Latest Update: Bybit has already fully closed the ETH gap, new audited POR report will be published very soon to show that Bybit is again Back to 100% 1:1 on client assets through merkle tree, Stay tuned.
Rough last 24hrs for everyone involved. Firstly want to call out the response from @benbybit and the team. Don't think I've ever seen a team handle crisis communications as well as they did. Stood up to face the music immediately to provide transparent answers to the community. An example for us all to look up to.
Ethena handled the largest single day of redemptions and unwound all unrealised exposure to Bybit within an hour of the news breaking. In any event, the unrealised exposure at its peak was always a fraction of the excess reserves behind USDe. At no point was USDe undercollateralised despite Bybit representing >20% of the hedging exposure as the second largest derivative exchange in the world. Even if the unrealised exposure to Bybit had not been reduced to zero within the hour, this exposure could have been lost entirely and USDe would have still been overcollateralised.
We hope this event validates some of the design decisions that were made to reduce risk for our users using OES custody solutions. The easy design route was to avoid the costs and the added engineering complexity of custodians within our offchain hedging systems. But we don't make decisions because they are easy, we make decisions we think are right for our users in the long run.
It is not good enough to listen to me speak about how we mitigate for these risks in theory, often you need to see it play out in real time with your own eyes to have confidence it actually works at scale.
While in the short term this has been painful for many parties involved, I hope we have continued to build confidence and trust from our users on the go forward resilience of the model even in the face of extreme pressure. An event like this was often cited as the single biggest risk to USDe, and we have experienced zero loss to the backing or issues with regards to redemption requests.
We are in the process of providing a full write-up on the event to help answer any open questions which we will share via the @ethena account shortly.
Bybit ETH multisig cold wallet just made a transfer to our warm wallet about 1 hr ago. It appears that this specific transaction was musked, all the signers saw the musked UI which showed the correct address and the URL was from @safe . However the signing message was to change the smart contract logic of our ETH cold wallet. This resulted Hacker took control of the specific ETH cold wallet we signed and transfered all ETH in the cold wallet to this unidentified address. Please rest assured that all other cold wallets are secure.
All withdraws are NORMAL.
I will keep you guys posted as more develops, If any team can help us to track the stolen fund will be appreciated.
https://t.co/ckwZgma8Lf
📢 Announcing the zkLink Community Token Sale on @CoinList.
Dive into the details and discover the key benefits of holding ZKL tokens - your gateway to high performance ZK applications!
Register on CoinList now 🔗
https://t.co/JznKBUGu3N