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Best explanation of WEB 1, 2, and WEB 3.
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‼️ Lazarus Group Suspected in Bybit's $1.5 Billion Hack Ethereum security experts believe North Korea’s Lazarus Group executed the largest crypto exchange hack in history, stealing over $1.5 billion from Bybit. The attack reportedly involved infecting multi-signature wallet signers' devices, tricking them into approving malicious transactions. Blockchain analysis shows that the stolen funds are being laundered through decentralized exchanges. Security researchers warn that these types of sophisticated attacks are becoming more frequent, with potential risks extending to other platforms.
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‼️ Bybit Hacked: $1.46 Billion in ETH and stETH Stolen Bybit has suffered a major security breach, with hackers draining $1.46 billion worth of ETH and stETH from its cold wallet. CEO Ben Zhou confirmed the attack, stating that other wallets remain secure and withdrawals are functioning normally. The stolen assets are being liquidated on decentralized exchanges, with around $200 million already sold. This marks one of the largest crypto hacks in history, surpassing past exploits like Mt. Gox and CoinCheck. ETH and BTC prices have dropped following the incident.
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🔥 Stablecoin Inflows Signal Altcoin Rally Potential Rising USDT and USDC supply is fueling speculation of an impending altcoin rally, with analysts viewing stablecoins as “dry powder” ready to re-enter the market. CryptoQuant CEO Ki Young Ju declared the start of an altcoin season, noting that stablecoin holders are favoring altcoins over Bitcoin. Altcoin trading volume now surpasses Bitcoin’s by 2.7 times, reinforcing the shift. Analysts highlight that stablecoin inflows often precede major market moves, and current trends suggest growing investor interest in altcoins.
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❕ Ye to Launch YZY Token with 70% for Himself Ye (formerly Kanye West) plans to launch the YZY token, with 70% of it reserved for himself. The token will bypass platforms like Shopify, serving as the official currency for his Yeezy brand. Despite controversy, the project mirrors other celebrity-driven crypto ventures, raising concerns about insider control and fan exploitation.
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Solana predictions from Funds& Influencers #sol $SOL
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