Unless you’re blind, you can see that President #trump is trying to cut the federal government down in order to cut spending.
I’m going to assume that Democrats and anybody who cheerleads for them would like the country to go bankrupt unless they provide a viable alternative to shrinking the deficit.
Bybit Breach: How the Lazarus Group Struck Crypto Again—and What It Means for Your Digital Wallet ✍
This is Lazarus They just stole $1.46 billion from #bybit And they didn’t break the code — they broke the people Here’s untold story of how they did it (and why no one is truly safe) 👇
1/10 Lazarus is a state-backed North Korean #hacking group They’ve stolen billions from banks, crypto exchanges, and DeFi protocols And now, they’ve pulled off the biggest #crypto heist in history But how? Well...
2/10 There was no code exploit. No leaked private keys. Bybit’s own multisig signers approved the transactions. They thought they were signing a routine transfer. Instead, they were handing over their entire cold wallet...
3/10 But that raises a terrifying question. How did Lazarus know exactly who to target? A multisig wallet requires multiple signers. If even one refused to sign, the hack would fail. But they all signed. That means Lazarus didn’t just hack Bybit… They knew who to manipulate 4/10 There are only a few ways to get that kind of information. • Inside job – Someone leaked the signer list. • Social engineering – Lazarus studied their emails & behavior. • Device compromise – One or more signers were infected with malware. This means other exchanges are at risk too...
5/10 Today Lazarus stole 0.42% of all #Ethereum It means they own More than the Ethereum Foundation. More than Vitalik Buterin. And more than Fidelity. But laundering that much ETH without detection isn’t easy...
6/10 In previous attacks, Lazarus has used: • Bridging to other #blockchain • On-chain mixing services • OTC trading via illicit brokers Would they try the same tactics again?
7/10 Investigators quickly flagged the 53 wallets holding the stolen ETH. Any attempt to cash out or swap funds would immediately raise red flags. But Lazarus are in no hurry...
8/10 In 2022, Chainalysis found Lazarus still held $55M from hacks six years earlier. They don’t cash out fast. They wait. And no one has ever gotten their money back. Not once. Lazarus doesn’t negotiate. They don’t return funds. So what happens to users?
9/10 Bybit’s CEO, Ben Zhou, addressed the crisis publicly: • “Client funds are 1:1 backed.” • “We have enough liquidity to cover withdrawals.” • “All other wallets remain secure.” So far, no bank run...
10/10 But this isn’t the first time this happened And it won’t be the last. So how do you stay safe? Follow these simple steps:
#COTI buy now, the price bottomed out, showing strong support and is very undervalued at this point. The upward rally is ready to start, #COTI will grow from here 🚀
#DODO is at the bottom of an ascending channel and has a good position.
According to the history of this currency, it has given huge profits to its buyers. This time, you can at least expect 100% growth and the price to reach the ceiling of the channel. This goal can be easily achieved because the price is well compressed and ready for a huge jump.
It is advisable to keep a close watch on this price movement .
Donald Trump's cryptocurrency wallet surged to $14 million following a New York jury's verdict finding him guilty of 34 counts of falsifying business records.
His largest holding, the Maga Memecoin ($TRUMP), experienced significant volatility. After the verdict, $TRUMP dropped from $13.50 to $11.20 before soaring to $17.50, marking a 26.92% increase in 24 hours, according to CoinMarketCap.
Other meme coins linked to Trump and the Republican Party also saw increased volatility. Supporters viewed the ruling as political persecution aimed at preventing him from winning elections. Trump, a known supporter of cryptocurrencies, has begun accepting them for campaign contributions and fundraising.
Meanwhile, on Polymarket, a blockchain-based betting platform, the wager "Trump in jail before election day?" has attracted over $900,000, with bettors estimating a 16% chance of imprisonment before November 5.
President Joe Biden has vetoed bill SAB 121, which sought to overturn the SEC's controversial bulletin establishing accounting standards for firms that custody cryptocurrency.
In a statement to the House, Biden stressed the importance of protecting consumers and investors.
Earlier, the House and Senate had voted in favor of repealing SAB 121 with bipartisan support. However, overriding a presidential veto requires a two-thirds majority from both chambers, posing a significant challenge.
Lackluster Trading Dampens Bitcoin Price After Hong Kong ETF Launch
Bitcoin's price dipped below $62,000 following the launch of Asia's first spot Bitcoin and Ether ETFs in Hong Kong. The long-awaited debut saw disappointing trading volumes, failing to provide the expected boost to the cryptocurrency's price.