HTX, Formerly Huobi, Recovers $8M in ETH From Hacker
Centralized cryptocurrency exchange HTX, formerly known as Huobi Global, was able to recover $8 million in stolen Ethereum (ETH).
October 9, 2023 by Hope C
HTX Has Recovered $8m In ETH From Hacker
Centralized cryptocurrency exchange HTX, formerly known as Huobi Global, was able to recover $8 million in stolen Ethereum (ETH) following a hacking incident in September that drained $7.9 million from a hot wallet, shortly after the exchange’s rebrand which drew comparisons to failed exchange FTX. Justin Sun, the exchange investor and advisor, said on X that he had made contact with the hacker, who agreed to fully return the assets in exchange for a 250 ETH bounty from HTX.
Sun praised the hacker for making "the right choice," and emphasized customer security is HTX’s top priority. According to Immunefi, in the second quarter this year, decentralized finance (DeFi) hacks amounted to $228 million across 79 incidents, while centralized exchanges saw $37 million lost across two incidents.
Let us know what you loved about this article, what could be improved, or share any other feedback by filling out this short form.

$BTC $BNB
Crypto urban legends: Pineapple Fund

Let’s take a look back at some more unexplained crypto phenomena, such as the mysterious philanthropic Pineapple Fund.

Pineapple Fund is a charitable organization founded in 2017 by a single individual, whose identity is still a mystery.

They donated 5,057 Bitcoin to 60 organizations working for the good of society in various fields. At the time, the donated Bitcoin was valued at $55 million.

The creation of Pineapple Fund was announced through a post on Reddit. An anonymous person hiding behind the nickname “Pine” wrote, “My aims, goals, and motivations in life have nothing to do with having XX million or being the mega rich. So I’m doing something else: donating the majority of my bitcoins to charitable causes.”

Most of the funds went to various medical research projects, environmental protection, and human rights.

You can read the Reddit post here.
#ETH_ETFs_Approval_Predictions #MtGoxJulyRepayments

$BTC $ETH

Vitalik Buterin shared his thoughts on what prevents people from moving to cryptocurrency.

The Ethereum co-founder recently highlighted four main factors that prevent people from moving into the blockchain space.

Here they are:

1. Affordability: For people to go to DeFi, the transaction price must be low.
2. Reliability: Frequent technical failures are highly undesirable; they spoil the impression and disappoint new adherents.
3. Ease of use: The system should be intuitive and accessible to anyone with any level of technical knowledge, not just Ph.D.s.
4. Security: People are afraid of hacks and hacker attacks, and they are afraid of the prospect of losing all their assets if they lose their keys.

What do you think about these points? Maybe you have something to add?
#BinanceTurns7 #BinanceHODLerBANANA #Bitcoin_Coneference_2024

#ETH_ETFs_Trading_Today #BinanceTurns7 #SOFR_Spike Microsoft will create a cryptocurrency wallet for Xbox (or not🙂).

Microsoft recently had a major data leak, and among the documents was information about the corporation’s plans to create cryptocurrency wallets for Xbox.

Phil Spencer, the head of Xbox, immediately gave a comment in the style of “a lot of our plans have changed” but, at the same time, did not say more specifically whether gamers should expect a cryptocurrency wallet or not.

In general, Miscrosoft does not confirm or deny the plans, but we’re hoping that if there is indeed a crypto wallet in the future, it will bring us closer to mass adoption of crypto😎

Are crypto transactions anonymous?
Crypto transactions on blockchains are “pseudonymous,” meaning they can be traced to wallet addresses (via public keys) but have no direct connection with people’s identities.
Every transaction is open to the public, and anyone with an internet connection can view them. The date, the amount sent and received, the wallet addresses — all of this data is impossible to conceal.
However, if you use a non-custodial wallet, it will be impossible to identify you as the wallet’s owner (unless you deanonymize yourself).
For example, if you send crypto from a centralized exchange to your non-custodial wallet, the exchange now knows who the non-custodial wallet belongs to since you must pass Know Your Customer requirements by showing your ID.
Therefore, if you practice the basics, you can be completely anonymous on the blockchain, and no one will ever know your personal information.#HotTrends #GALA #pixel #BTC #PYTH

Bitcoin’s mining difficulty has once again reached an all-time high.

As a result of another recalculation, the complexity of mining Bitcoin, known as “difficulty,” has increased by 5.48%. The indicator updated the maximum to 57.12 T.

Still confusing?

Then let’s break down what Bitcoin mining difficulty is.

It’s quite simple: Bitcoin’s code is organized in such a way that increases the difficulty when more new miners join the network.

The higher the complexity, the more computing power miners need to solve the blocks.

Because miners must invest in more po$$werful hardware, which uses more energy and results in higher electricity bills, the constant rise in mining difficulty eventually makes mining less profitable. $BTC #DeFiChallenge #FutureofDeFi #CryptoTradingBots#DeFigoesMainstream #DeFiEthereum2.0

Is Satoshi Nakamoto Back? Twitter Account Revived After 5 Year

Is Satoshi Nakamoto Back? Twitter Account Revived After 5 Years
The account had been dormant since 2018 and was tagged instantly with community notes from the Bitcoin community.
Who was the inventor of Bitcoin anyw?

Did Satoshi Nakamoto, the mysterious creator of Bitcoin, finally return to the crypto scene he created? No, but the Twitter account @satoshi wants to make you think so, with a new post Tuesday focused on the 2008 white paper.

The apparent reactivation of an account bearing Nakamoto's name and a "verified account" blue checkmark calls into question the value of the blue checkmark.
“Bitcoin is a predicate machine,” the account bearing the name Satoshi Nakamoto posted on Monday. “Over the following months, we shall explore different aspects that were not explicitly contained within the white paper.”

It was the second post on the account this week. Prior to those tweets, the last activity was in October 2018.

Bitcoin is a predicate machine. Over the following months, we shall explore different aspects that were not explicitly contained within the white paper. These aspects are all parts of bitcoin, and are important.
Twitter users added community notes to the post, clarifying that the @satoshi account was connected to Craig Wright, who has claimed for years to be Satoshi Nakamoto.

Ager-Hanssen left his post last week, and has been tweeting constantly about Wright and developments at nChain since then. He even remarked on the appearance of the blue check mark on the @satoshi account yesterday.

For nearly a decade, Wright has claimed to be the inventor of Bitcoin, the largest digital currency by market capitalization. Wright has been involved in several legal battles surrounding Bitcoin, including one involving 12 Bitcoin Core developers. The developers are backed by the Jack Dorsey-backed Bitcoin Legal Defense Fund in a dispute over 111,000 Bitcoin allegedly stolen from the Mt. Gox.

Over the years, several names have surfaced, including Wright's, of possibly being the bitcoin

Crypto speak: Hodl

Yes, yes, we’ve already published a post about hodling, and you’re aware that hodling is a buy-and-forget investment. That is, a hodler buys up cryptocurrencies for certain amounts at certain time intervals and avoids monitoring daily trading charts.

But the question of “when to sell?” is always relevant!

Here are two main answers to this question:

1. Hodl until you get the growth you want.
2. Hodl until a certain point in time.

For example, you may decide that you will sell all (or part) of your assets when you see your investments double, even if it takes 10 years. Maybe you’ll decide to sell your coins the day Bitcoin hits the $100,000 mark. Or when you have the amount you need saved up, you buy a home.

The second option might look like this: You buy crypto for the next 10 years and sell all or part of it in 2033, even if there are tempting price hikes before then.

Of course, these are just rough ideas, but even with an investment strategy as simple as hodling, you need to be clear about your goals.#opbnb #ETH #Layer2 #BTC #crypto2023

What does Warren Buffett think about crypto?

Warren Buffett has truly been one of the most consistent critics of cryptocurrencies.

By his definition, Bitcoin is “probably rat poison squared,” and the cryptocurrency market is a place where “dubious individuals are trying to screw over people who dream of getting rich by looking at their neighbors who got rich by buying stuff none of them know anything about.”

“People start being interested in something because it’s going up, not because they understand it or anything else. But the guy next door, who they know is dumber than they are, is getting rich, and they aren’t,” he said. “And their spouse is saying, Can’t you figure it out, too? It is so contagious. So, that’s a permanent part of the system.”

Not the most optimistic reasoning, is it?

But let’s not forget that Buffett, although a great investor, is still a human being, who, by the way, has also made big mistakes in analyzing assets in his career (just like all of us).

The reality is that many reputable economists, entrepreneurs, and investors believe in the bright future of our industry 💪😎🚀#opbnb #ETH #crypto2023 #BTC #Layer2

Once again, we marvel at the ingenuity of scammers: TikTok has been flooded with “Bitcoin giveaways” from “Elon Musk.”

TikTok videos of Elon Musk supposedly giving an interview to Fox News or other well-known news media have surfaced where he advertises crypto giveaways.

The attackers encourage viewers and users to register an account on a “platform” and then ask them to enter a promo code mentioned in the TikTok video to receive “free Bitcoin.”

After entering the code, the fake site will make it look like it’s sending you cryptocurrency.

But to withdraw the “gifted” Bitcoin, you need to activate your account for 0.005 BTC (about $132). If you do this, the money goes straight to the scammers.

The situation is exacerbated by the fact that the attackers also demand identification for KYC procedures. As we’ve mentioned before, having any personal data leaked on the internet, especially in the crypto world, is very, very bad.

Please be vigilant!#opbnb #ETH #Layer2 #BTC #crypto2023

When will crypto hit the next bull run?

Today, we decided to answer this popular question, and the answer is: We have no idea 🙂

You know very well that nothing can be guaranteed in crypto. However, it’s important to note that most analysts agree that the next bull cycle will happen in 2024–2025.

Some analysts promise the beginning of the next crypto spring within the next one to three months. However, this doesn’t mean that Bitcoin will skyrocket to $100,000; rather, the market will form an upward trend that will steadily lift Bitcoin and altcoins to new all-time highs.

Whether this is accurate or not, no one knows.

But reputable crypto proponents and analysts believe we’ll enter a bull market within the next year or two—it’s up to you to decide what to do with this information 😉#opbnb #ETH #Layer2 #BTC #Layer2

Mark Cuban’s cryptocurrency wallet was robbed for $870,000.

The American billionaire and owner of the Dallas Mavericks NBA basketball team, Mark Cuban, reported he was the victim of a hack.

Hackers withdrew USDC and USDT stablecoins, ETH, and a number of other coins from his wallet.

How did this happen?

Cuban believes that he downloaded a fake version of MetaMask. Many scammers create fake browser extensions or MetaMask applications, tricking users into providing their private keys or passphrases. Once they have access to a wallet, hackers can easily empty its contents.

We’ve said it many times: Always pay attention to where you download programs from. No one is immune to hacks, and, naturally, the money cannot be returned to the entrepreneur.#opbnb #ETH #Layer2 #BTC #crypto2023

We have an important question for all of you: Is there something in the world of crypto that you don’t understand?

We’ve covered a large number of topics, but it’s likely that you still have some deep, fundamental questions that you don’t have the answer to.

Ask them in the comments; we will answer the most important and interesting ones on our channel😎

#opbnb #ETH #Layer2 #BTC #crypto2023 Binance CEO Changpeng Zhao, aka “CZ,” revealed what’s hindering the growth of the crypto industry.

Changpeng Zhao said that, to attract the next 100 million people to the crypto market, we’ll “have to try harder.”

CZ said that to start, we need to simplify the ways in which cash can be exchanged for cryptocurrency. It is the lack of simple and convenient tools that is hindering expansion.

This answer may seem too “simple,” but if you think about it, the crypto industry, like any other, needs money. And the harder it is for the average user to buy cryptocurrency, the less money enters our market.

Since the collapse of the FTX crypto exchange last year, many banks have stopped working with crypto platforms, with government regulators tightening requirements for crypto.

But we continue to believe in the market anyway 😎

But it’s getting easier to enter the world of crypto: Take our free introductory crypto course if you don’t believe us =)

And one more crypto security tip

Always disconnect your wallet from DEXs and other decentralized services. Always log out when you finish your session.

This is one of the most basic security rules that many people neglect. First of all, if you forget to log out, you have no way of knowing whether the service you were using was compromised.

Second, if a hacker gains access to your laptop or phone, they can easily steal all of your crypto with a single click.

Therefore, don’t forget to disconnect your wallet.#BinanceTournament #CYBER #pepe #crypto2023 #Binance

An unknown user paid $510,000 in network fees to transfer 0.074 BTC🤷‍♂️

On Sept. 10, an unknown user paid 1,982,108,632 satoshis ($510,750) as a fee to miners for transferring 0.074 BTC.

To date, this is the largest payment in dollar equivalent for a transaction confirmation.

Meanwhile, the average commission on the Bitcoin network is 0.000084 BTC ($2.18).

How did this happen?

Most likely, the sender made a mistake when forming the payment.

Representatives of the F2Pool mining pool that mined the block said they would temporarily set aside this 19.8 BTC, but if the sender of the transaction doesn’t show up in 3 days, the money will be distributed among the miners.

Let’s hope the owner contacts F2Pool; otherwise, that’ll end up being quite an expensive 0.074 BTC 😀#Binance #pepe #crypto2023 #BinanceTournament #CYBER

Ex-CEO of the Thodex crypto exchange receives prison sentence of 11,000 years 🤷‍♂️

The former CEO of the Thodex crypto exchange, Faruk Fatih Özer, has been sentenced by a Turkish court to imprisonment for 11,196 years. The court in Istanbul found Özer and two of his relatives guilty of fraud, running a criminal organization, and money laundering.

Thodex is a Turkish cryptocurrency exchange founded in 2017. In April 2021, its founder, Özer suddenly left the country, and the platform ceased operations. More than 2,000 Thodex customers sued the exchange, accusing the platform of fraud and the theft of millions of dollars.

The total damage to users is still unknown. However, the indictment says 356 million Turkish liras ($13 million), with local media reporting figures as high as $2 billion.#BinanceTournament #CYBER #pepe #crypto2023 #Binance

Attackers hacked Vitalik Buterin’s Twitter 😱

The incident was reported by Vitalik’s father, Dmitry Buterin. The attackers published a post with a phishing link to a mint of “commemorative NFTs in honor of the arrival of proto-danksharding in Ethereum.”

And in a matter of hours, they were able to steal nearly $700,000 worth of assets.

Among the assets they stole were several high-value nonfungible tokens (NFTs), including CryptoPunk #3983 and CryptoPunk #1751, worth 153.62 ETH and 58.18 ETH, respectively.

Vitalik, a co-founder of Ethereum, hasn’t commented on the hack yet, but the link has been removed. Apparently, he has restored access to his account. We are awaiting further developments.#BinanceTournament #CYBER #pepe #crypto2023 #Binance

ChatGPT made Bitcoin predictions for 2024, 2028, 2032, and 2050.

Some crypto enthusiasts have asked ChatGPT to make Bitcoin predictions, and we’ll tell you what it thinks BTC will be worth in 2024, 2028, 2032, and 2050.

The chatbot presented two scenarios for each of the given time periods.

Here’s ChatGPT’s positive Bitcoin forecast:

2024: $50,000–$150,000.
2028: $100,000–$500,000.
2032: $100,000–$1,000,000.
2050: $100,000–$5,000,000.

Here’s its negative scenario:

2024: $20,000–$50,000.
2028: $20,000–$100,000.
2032: $20,000–$200,000.
2050: $20,000–$500,000.

Of course, you shouldn’t trust the predictions of chatbots since they’re not at all made for this kind of thing (at the moment at least). Having said that, artificial intelligence is nevertheless pretty adept at instilling confidence in Bitcoin’s future, don’t you think?😅#BinanceTournament #CYBER #pepe #crypto2023 #Binance $BTC