😲🤯 $190 million dollar crypto hack 👨‍💻

There have been many high-profile cryptocurrency heists over the years, but one of the craziest has to be the $190 million hack of Poly Network in August 2021. The hack was the largest in DeFi history at the time, and it was orchestrated by a single hacker who managed to steal funds from a variety of different protocols on the Poly Network blockchain. The hacker initially demanded a $1 million bounty for returning the stolen funds, but they eventually returned all of the money without any strings attached 🤔.

The Poly Network hack was a major blow to the DeFi ecosystem, but it also highlighted some of the vulnerabilities of decentralized finance. DeFi protocols are often based on open-source code, which can make them more susceptible to attacks. Additionally, DeFi protocols often store large amounts of value in smart contracts, which can be targeted by hackers.

Despite the risks, DeFi is a rapidly growing industry with the potential to revolutionize the way we interact with financial services. As the industry matures, it is important to learn from the Poly Network hack and other high-profile thefts in order to improve security and protect users from future attacks.

#hack #CryptoTreasure #RichardTeng #etf #BTC $BTC $ETH $BNB

🤔 Is Supra’s network model more decentralized than other oracles?

The legendary researchers at Supra are building an oracle network that’s more secure, more decentralized, and faster than anything Web3 has ever seen. One of the biggest keys here is decentralization, which is pretty much at the core of security for oracles. That’s why Supra came up with a whole new oracle network model called the ‘tribes and clans’ model. It’s a network design that takes decentralization to another level to help nodes reach consensus real quick — all without sacrificing any security.

Let’s jump in and see how it works now. First of all, Supra’s security network consists of a ton of individual nodes, all run by operators spread across the world. Now these nodes are all randomly grouped into clans — all with a large enough number of nodes to make collusion as impossible as can be. It’s designed to keep security tight and leave no scope for manipulation.

📌📌Link to Register and Earn Supra💰 👇

https://supraoracles.com/blastoff?ref=0e82c-287421📌📌

But it doesn’t stop there. These clans go on ahead and merge to form tribes. So you got groups of nodes in clans, and then you got groups of clans in tribes. I hope that’s clear. Now here’s the coolest part — these nodes are all reshuffled regularly so the node groups are always random as heck.

Unlike this novel tribes and clans model, most oracle networks today run on static nodes that don’t even change or rotate over time. It’s a real vulnerability because if the node operators ain’t shuffling around consistently they could just coordinate outside the blockchain to front-run your trades. They’re pretty much in control of the data being sent to the blockchain, and some lone raider could even manipulate such an oracle single-handedly by secretly running multiple nodes.

📌📌Link to Register and Earn Supra💰 👇

https://supraoracles.com/blastoff?ref=0e82c-287421📌📌
#SUPRA #btctoday #ETH #Blast #CryptoMarketPredictions $BTC $ETH $BNB

What are oracles, and why are they crucial for blockchains?

You know that blockchains are inherently closed systems, right? Well, did you know that means what they can do is limited without oracles feeding them data? They can’t access commodity prices, crypto prices, real-world events, etc. on their own. It’s real tough, I mean these things are pretty darn crucial for useful apps. That’s why oracles are so important, they’re like the transmitters between on-chain dApps and off-chain data sources.

Blockchain smart contracts really need oracles to be expressive and useful, or as some like to say, to help smart contracts do cooler stuff. For example, if we set up a smart contract to transfer USDC worth one BTC from Zane’s wallet to Xeon’s wallet on a certain calendar date in Earth time, the smart contract needs an oracle to figure out the exact value of BTC in USDC to transfer to Xeon’s wallet. It needs non-stop awareness of the relevant date and time too.

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Link to Register and Earn💰 👇

https://supraoracles.com/blastoff?ref=0e82c-287421

Of course, oracles need to work with accuracy, speed, and security. You can’t have an oracle slowing down a whole blockchain network or putting a smart contract at risk. However, not all oracles are built alike. Before picking your oracle, you need to compare their designs and metrics like quality of data source, number of data sources, latency or time to finality, and decentralization.

Centralized oracles go about their business with a limited set of data sources and tend to have multiple single points of failure. Decentralized and cryptographically secure oracles tap into multiple independent data sources, and they make sure that their node operators can’t coordinate with each other either. This gives smart contracts more accurate, tamper-proof data to act upon. And that’s what we’re all gunning for at the end.

Link to Register and Earn💰 👇

https://supraoracles.com/blastoff?ref=0e82c-287421

#supra #SupraOracles #opbnb #BTC

$😲🤯 Supra now has a new feature called the Break Room where you get Bobblenauts🤯😲

HOW IT WORKS

📌When you hit the button, the cost will be deducted from your account.
📌All Bobblenaut draws are totally random and use Supra dVRF.
📌You can only try once per day, the clock resets at 12am UTC.
📌You can only collect one of each available Bobblenaut.

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Link to join and earn 💰 👇

https://supraoracles.com/blastoff?ref=0e82c-287421
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📌If you get a duplicate, it automatically gets converted into 10 Stars.
📌Your Bobblenauts will be placed in your collection where you can lovingly gaze upon them.
📌You can choose to place up to two Bobblenauts on your dashboard.
📌If you collect all of the Bobblenauts, you will be considered quite cool.
📌New Bobblenauts will be added regularly, try to collect ‘em all!

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Link to join and earn 💰👇

https://supraoracles.com/blastoff?ref=0e82c-287421
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#Blast #RichardTeng #BTC #WLD #opbnb $BTC $ETH $BNB

In his words

Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.

Richard is a highly qualified leader and, with over three decades of financial services and regulatory experience, he will navigate the company through its next period of growth. He will ensure Binance delivers on our next phase of security, transparency, compliance, and growth.

Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.

With Richard and the entire team, I’m confident that the best days for @Binance and the crypto industry lay ahead.

What’s next for me?

I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years.

After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi.

I can’t see myself being a CEO driving a startup again. I am content being an one-shot (lucky) entrepreneur. Should there be listeners, I may be open to being a coach/mentor to a small number of upcoming entrepreneurs, privately. If for nothing else, I can at least tell them what not to do.

On that note, I am proud to point out that in our resolutions with the U.S. agencies they:

- do not allege that Binance misappropriated any user funds, and
- do not allege that Binance engaged in any market manipulation.

Funds are SAFU!

With that, I look forward to seeing the new leadership take the reins. Please join me in congratulating Richard on his well-deserved promotion.

Onwards!

CZ

#opbnb #BTC #BinanceSquare #CZAndBinanceForLife $BNB $BTC

The Supra token is a new cryptocurrency that is still in development. It is not yet clear how the token will be used or how much demand there will be for it.

However, there are some factors that could lead to the Supra token having monetary value. First, the Supra token is backed by a real-world asset, which is the SupraNFT marketplace. This means that there is a tangible value associated with the token.

Second, the Supra token is deflationary. This means that the supply of tokens will decrease over time, which could make the tokens more valuable.

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https://supraoracles.com/blastoff?ref=0e82c-287421📌📌

Third, the Supra token has a strong community behind it. This could lead to increased demand for the token and higher prices.

Overall, it is too early to say definitively whether or not the Supra token will have monetary value. However, there are some factors that suggest that the token could be valuable in the future.

Here are some specific ways that the Supra token could be used to generate monetary value:

* The Supra token could be used to purchase goods and services on the SupraNFT marketplace.
* The Supra token could be used to pay for fees on the SupraNFT marketplace.
* The Supra token could be used to stake on the SupraNFT marketplace to earn rewards.
* The Supra token could be used to participate in governance votes on the SupraNFT marketplace.

If the SupraNFT marketplace becomes successful, and there is a high demand for the Supra token, then the token could have a significant monetary value. However, it is important to note that there are also risks associated with investing in cryptocurrencies. Cryptocurrencies are volatile and their prices can fluctuate wildly. Investors should carefully consider their own investment goals and risk tolerance before investing in any cryptocurrency, including the Supra token.

Sign up Below

https://supraoracles.com/blastoff?ref=0e82c-287421

#BTC #etf #xrp #sol #coinbase

$OpenEX is a Decentralized Exchange (DEX) operating on the CORE Blockchain, revolutionary open trading protocol that combines the speed and efficiency of centralized exchanges with the security and transparency of decentralized networks. With its compatibility with all smart contract-compatible blockchain ecosystems and seamless integration into wallet applications, OpenEX is well-positioned to become the leading protocol for decentralized trading. Additionally, the use of smart contracts and a decentralized governance model ensures a secure and fair trading environment for all users.

The ongoing mining phase of OpenEX Airdrop is taking place on Satoshi App and will continue until April 2024. It is advisable to join now, as it has the potential to be profitable in the long run.

How to Participate in OpenEX Airdrop :
- Register - https://www.btcs.fan/invite/4fkxk

- After the registration been successfully completed, download the app on Google Playstore https://play.google.com/store/apps/details?id=com.sat21.global.pro

- Complete the face verification process

- Click on Projects and select OpenEX to participate, start accumulating OpenEX tokens and claim airdrop daily

- To maximize mining hashrate share ref link and exchange hashcard to other user

#LayerZero #BlockchainAdoption #mining #CryptocurrencyForecast #BTC