We have just launched our most important new piece of blockchain infrastructure since our launch of USDC 5 years ago. Welcome to a world of open, interoperable digital dollars. circle.com/blog/usdc-cctp-an…
If you haven’t had your wallet drained, but are worried that your seed phrase may have been leaked in the past, then check out this thread on why using @safe can level up your security 💪
7️⃣ WTF can I do to secure my crypto?!?
➡️ Start by deploying a @safe on Ethereum. If you're not familiar, Safe is a multisignature wallet with a very robust smart contract codebase that can mitigate this exploit.
Since @tayvano_ reported it last week, we have been collaborating to narrow down the common risk factor of wallets drained in the exploit. See the update below, and please if you are affected fill out this form intake.blockmage.org AND report it to your local cybercrime unit.
🚨🚨 OFFICIAL PUBLIC RELEASE 🚨🚨
Victims urged to come forward!!
We've just published a new writeup @viamirror -
"Uncovering a Sophisticated Multi-vector Crypto-Asset Theft Scheme"
Which serves to detail the elaborate posts already made by @tayvano_
We've had a number of contacts reach out wanting to know if they are at risk from the wallet draining activity reported by @tayvano_ - below is our perspective, stepping through the risk factors.
x.com/tayvano_/status/164818…
For the past 48hrs I've been unwinding a massive wallet draining operation 😳😭
I don't know how big it is but since Dec 2022 it's drained 5000 ETH and ??? in tokens / NFTs / coins across 11 chains.
Its rekt my friends & OGs who are reasonably secure.
No one knows how.
‼️We can’t stress this enough - If you have all your crypto under a single Seed Phrase / Private Key, please be safe - migrate now 🙏
We recommend a @safe multisig with at least two separate keys that you control. Then rotate each key at least once a year 🔑
If you are reading this, you're the type to be drained by this.
This is NOT a low-brow phishing site or a random scammer. It has NOT rekt a single noob. It ONLY rekts OGs.
If you have all your stuff under a single Secret Recovery Phrase / Private Key, please be safe migrate. 🙏
Already ~$300,000 in sandwich MEV extraction reported for today by @EigenPhi. The damage to the user is much larger than that as bots can only capture a small fraction. The defense though has never been simpler - just use mevblocker.io/ RPC!
In a shift from being a host here @goingelliptic - @paulsalis took the other side of the mic 🎙️ as a guest with @BlockchainNZ to talk about the last decade of crypto in NZ and what is next for crypto Estate & Wealth management 🎧
Coinbase will add support for Euro Coin (EUROC) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Inbound transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
I believe that these principles are and should be applicable to any defi development project and were indeed the foundational principles of his work on @MakerDAObank.dev/principles
These principles are important and I am sharing the content so that it is not lost.
Chart of the Day
Bitcoin held on exchange reserves has fallen dramatically from the March 2020 high.
Thus far, there has not been a reversal in the multi-year trend, even with rising Bitcoin prices. This suggests that so far, HODLers continue to HODL.
#CotD$BTC
Bond trading powerhouse Cantor Fitzgerald is managing a $39B bond portfolio partly backing @tether's $USDT stablecoin, according to the WSJ.
@SteveAlpher reports
trib.al/o0Af2gA
There is also an opportunity for the community to advocate DVT and improve the scaffolding around it so people are more confident to run their own validators.
#RunDVT@ObolNetwork
Look. If we're going to further decentralize the Ethereum beacon chain we MUST grasp this opportunity to promote staking from home via solo staking or @Rocket_Pool. Do not fuck this up. ♥️ Oh yeah, we also need more highly decentralized staking platforms 🙂
Liquid staking has an unbelievable set of tailwinds behind it. This isn’t an overhyped trade but instead a growing cornerstone of the ETH economy.
A few thoughts: 🧵
Bitcoin inflation since Sep 15th 2022 : 2,231,166,069$
Ethereum inflation since Sep 15th 2022 : 624,748$ (leaning toward zero, then negative realms)
Pick the right asset for 2023.