Let’s take a look at the whole story of the#Bybitstolen coin incident!
Let me tell you Let’s take a look at the whole story of the stolen currency incident!
After reading several reports, I found that they still failed to explain the matter clearly. Here’s what’s going on:
To recap: On the evening of February 21, 2025, the cryptocurrency exchange Bybit suffered a serious security incident, which resulted in the loss of its Ethereum ( ) Cryptocurrencies in multi-signature cold wallets were stolen. Attack process:
The hacker tampered with the smart contract logic of the Bybit ETH cold wallet through complex attack methods. Specifically, the hacker used the front-end UI to deceive the multi-signature wallet to sign malicious content, thereby controlling a specific ETH cold wallet.
Dear friends in the cryptocurrency world: I am leaving the circle, goodbye!! As I write this letter of withdrawal, my heart is filled with emotions. Looking back on these years in the cryptocurrency world, it has truly been like a roller coaster, experiencing countless ups and downs. Memories rush in like tides, each moment carries complex emotions.
1️⃣ In 2017, it was a dreamlike beginning. The price of Bitcoin soared like a runaway horse, starting at about $990 at the beginning of the year and skyrocketing from there. I remember the whole market was enveloped in a fervent atmosphere, with various forums and communities fervently discussing Bitcoin's limitless potential. As the price kept climbing, media coverage became overwhelming, and Bitcoin became a hot topic on the streets. In such an environment, I stepped into this mysterious and tempting cryptocurrency world, holding a yearning for financial freedom and a curious mindset. I had started working in P2P-related finance in 2012, and I knew that to make money, one had to go where the money was closest.
At the same time, the ICO boom surged. By the end of December 2017, 985 ICO projects had been born that year, raising over $6 billion. In 2013, there were only two ICO projects. It was an insane era, with new projects launched every day and white papers flying like snowflakes. These projects painted all kinds of beautiful visions, from changing the financial system to disrupting traditional industries, each seemed like a golden key to unlocking the door to wealth. Like many others, I was attracted by these beautiful blueprints and invested a lot of time and energy in research and selection. At that time, everyone had a feeling that if they could seize an opportunity, they could achieve a turnaround in life.
Profit and loss: No need to say more, everyone still remembers the grapefruit (EOS), at that time I was also brought in by (Captain Wang), and I lost nearly 600,000 yuan.
Yesterday's video predicted that Bitcoin would reach a new high Next, you provide the coin number, and I will give the market analysis #比特币政策 #BTC创历史新高 #特朗普 #你问我答 $BTC
I've heard that the post-2000 generation is going to regulate the marriage and dating market, Could it be that new ideas have impacted the crypto world as well? @CZ @Yi He What do you all think?
A good hunter must be good at waiting, Catch every signal that belongs to your own trading system, Even though he is on top of what everyone thinks is the mountain...
I traveled through time in 2030, Here is a picture collected during the bull market 5 years ago, Let me tell you about the market situation in 2025. Just watch and buy! ! !
Continuation of the previous interesting article "Husband lost 300,000 in the currency circle"
Another part of the people feel that they are extremely lucky. Every day a local dog 20u rushes in. Pepe/shib, a million-fold myth, will one day happen to them.
I didn’t know what I bought, when I bought it, how long I held it, and how it was operated. I didn’t know anything about it, and I decisively came to the conclusion that you can get rich in the currency circle.
This is the biggest fallacy, so I came to this new circle with the dream of getting rich.
In fact, it is a change of soup but not medicine. It is just a gambler playing a game of guessing whether it will rise or fall in a different casino.
Can that be done without losing money? The characteristics of gamblers are greed, laziness, lack of knowledge, and even the basic probabilities.
Emotions are also unstable and extremely easily influenced by the market. This kind of personality is actually the easiest to lose money.
Go up a little, Stud goes long! Then it plummeted.
It fell a little, cut the meat quickly! As a result, it went back up again.
In addition, another reason is that the most basic investment elements are not followed: investing spare money.
Let me give you an example, how many people quickly entered the currency circle after their salary was paid?
Then Stud went in, selected a coin, and opened an order. Then the coin drops and you fall into a loss.
After losing money for a few days, I found out. Damn, you have to pay the rent tomorrow.
Or, crap, I have no money to eat.
I had no choice but to cut my flesh and leave the market and live on with the loss of more than half of my salary.
This is the current situation of most people in the currency circle.
Of course, there are also many people who make no profit or lose money. They work hard and make tens of millions of dollars in transactions in a year, but the handling fees are thousands of dollars.
As a result, the annual income is not as high as the regular trading deposit.
So what has been a busy year?
So if you want me to say whether there is a way to make a steady profit in the currency circle, there is.
You said that if a person doesn't have a penny on his body and is lucky enough to work hard and live frugally for a year, it wouldn't be difficult to save 50,000 yuan.
It wouldn't be difficult to buy all the 50,000 yuan in cash.
Then wait for the bull market to arrive. Even if you have to wait two years, the 50,000 yuan can easily increase seven or eight times at least.
If you repeat the operation several times, extend the time, and have three or four rounds of bulls and bears, can it be considered a small fortune and freedom?
But the problem is that there are too few people who can do it.
Everyone is greedy and wants to double their money in a few months or even a few weeks.
It’s Friday, I want to write something interesting for you.
I saw a question on Zhihu today.
In fact, this kind of thing should be very common in life, and even 300,000 is considered a relatively small amount in the currency circle.
There are many people who have lost millions or even tens of millions in one go.
But three hundred thousand is enough to destroy an ordinary family.
After being in the industry for a long time, everyone seems to have lost the concept of money.
The liquidation of 10,000 units feels a bit overwhelming, but ordering 5 units of takeout requires using a bunch of coupons, and you may feel that takeout is expensive.
And there is an even more terrifying phenomenon.
Many people do not lose money by speculating in currencies, and most of them may even make money in the beginning.
But because of high leverage and liquidation, the so-called profits before no longer exist.
But here’s the problem. Many people are unwilling to withdraw money after making money. The only way to withdraw money is to liquidate their positions, and all the money will be withdrawn to the exchange.
Sometimes I feel that all kinds of people in the currency circle can even make a documentary called Baidu.
Each story will add up to a wonderful story.
Returning to the question on Zhihu, Mr. Jingui will answer this question.
In fact, her husband is not obsessed with currency speculation, but obsessed with gambling. This is a gambling addiction, not the so-called currency speculation.
Coin speculation has always been misunderstood by people, so it has a bad reputation. People naturally think that. Coin speculation = gambling
Many people who lose money in the currency circle treat the currency circle as a casino and treat themselves as gamblers who think they are lucky.
Everyone who has entered the currency circle has heard one story after another about getting rich in the currency circle, so it is reasonable to think that as long as they enter this circle, they can also become rich.
Of course, they have also heard stories of others losing money, but 99% of people in this circle will confidently think:
I will be a trading genius! I am definitely more talented than those idiots who lose money! After entering this circle, I gained absolute wealth and freedom within a few years!
But this kind of people don’t know how they got rich, how they made money, whether it was luck or something else.
Some people firmly believe that by making good use of leveraged contracts, they can continuously buy low and sell high in the secondary market and conduct high-frequency trading.