Fouad Al-Aqdah

Why do hackers target ETH instead of BTC? In-depth analysis of the Bybit theft incident

Speculated reasons for the theft of ETH from Bybit:

Combining the Bybit theft incident with industry background, the true reasons hackers chose ETH over BTC may be closer to the following points:

Asset Distribution and Opportunity Cost

Exchanges' hot wallets usually store multiple assets, but due to ETH's high liquidity in DeFi and trading pairs, it often has a larger share. Hackers might have discovered that based on Bybit's asset allocation, ETH is easier to obtain or more abundant, while BTC’s storage may be more dispersed or better protected.

Convenience of Attack Path

The Bybit theft may stem from internal system vulnerabilities (such as API key leaks or employee phishing attacks) rather than on-chain technical differences. When hackers attack, they often choose the point that is “easiest to breach.” If there are oversights in the management of ETH’s hot wallet, or if ETH-related accounts are easier to infiltrate, they naturally become the primary target.

Washing and Cashing Efficiency

The mixing tools and decentralized exchanges (DEX) in the ETH ecosystem provide hackers with quick channels for washing and cashing out. In contrast, cashing out BTC may require more over-the-counter (OTC) transactions, increasing time and exposure risks. Hackers pursue efficiency, and ETH clearly has an advantage.

Market Sentiment and Concealment

The impact of the theft of ETH on the market may not be as severe as that of BTC. BTC, as a “barometer,” may trigger greater panic and regulatory attention if stolen, while ETH’s fluctuations are relatively easier for the market to digest. Hackers may deliberately avoid BTC to reduce subsequent tracing pressure.

Technical Irrelevance, Strategy First

The hackers' decisions are not necessarily based on the underlying technical differences between ETH and BTC, but rather on more pragmatic strategic considerations: which asset is easier to steal, quicker to wash, and more discreet to move. The theft of ETH from Bybit may simply be the result of what was “easiest to grab,” rather than an inevitable technical vulnerability.

In simple terms, hackers are like “smart thieves,” they go where the doors are not locked, and where the loot is easy to take!

Tieju, this is Simey Lightning's exclusive KOL chat room. Welcome everyone to join. There will be welfare activities such as peripherals, as well as sharing strategies and entertainment activities for everyone. Please support us! Participate! Simey闪电币安王牌KOL聊天室

骚哥专属聊天室点此立即进
The New Year has passed, and the beginning of spring has arrived! All things should awaken!
All my friends, hurry to gather in Brother Sao's Binance chat room!
Let's strive to make it big by 2025!
Also: Don't forget to do the rebate if you haven't received one!

Brother Sao's 20% discount on transaction fees latest Binance registration link:
https://www.marketwebb.ac/join?ref=SO0N4UQV (Copy and paste in the browser to register directly)
Brother Sao's exclusive Binance invitation code: SO0N4UQV
#非农就业数据来袭

Tonight's big non-farm payroll data, as expected, will likely lead to a double explosion of bullish and bearish trends, please pay attention to the risks

Peace be upon you, have a blessed Friday
$DOGE

THE RIGHT ONE ALWAYS WINS

How do you see the market at night? Are you panicking?

February 6th Accurate Market Analysis and Trading Suggestions! Please like and share

Today's BTC has a slight rebound, but the market's panic sentiment is still present

Will there be another round of secondary crash to explore the bottom?
Here's an analysis for everyone:

1️⃣ Regarding ETF funds,
The buying force has not been strong in the past two days (buying $300 million the day before yesterday, buying $11 million yesterday) but the exchanges have shown strong buying power
Yesterday, Kraken continued to see outflows of 30,000 BTC, plus the outflow of 50,000 BTC in total

Yesterday at 6:00 AM, there was an outflow of 12,000 BTC from Coinbase
In total, the two exchanges saw an outflow of 62,000 BTC
In this round of decline, the big whales have been accumulating a lot of BTC

2️⃣ The three major stock indices have slightly risen, with Google dropping over 7%
3️⃣ The US data released last night was mixed, with the non-manufacturing PMI recorded at 52.8, significantly lower than the expected 54.3, which is good for the crypto market! The non-farm employment number recorded 183,000, exceeding market expectations (150,000), which is bad for the crypto market!

Our view on the market is:
The market is still in panic these days, and under panic sentiment, there are definitely more sellers than buyers. Once the panic sellers have sold off enough, the market will begin to regain its upward trend! If there are still positions that have not been fully utilized, you can gradually buy the dip to build your position! Be patient and wait for the market to reverse!

#比特币盘整将持续多久？ #比特币国家战略储备 #微策略募资支持比特币战略 #美国加征关税 $SOL

What impact will the non-farm payroll data announced tomorrow at 9:30 PM have on the cryptocurrency market?

If the data is strong:

Capital flow: If non-farm employment numbers increase significantly and the unemployment rate decreases, it indicates that the U.S. economy is growing robustly, which will strengthen the dollar's exchange rate and attract funds into dollar-denominated assets such as U.S. Treasuries. In contrast, the appeal of cryptocurrencies will decline, leading to capital flowing out of the crypto market and causing cryptocurrency prices to drop.

Monetary policy expectations: Strong non-farm data may prompt the Federal Reserve to raise interest rates or reduce monetary easing measures, which will bolster the dollar while suppressing the performance of risk assets like Bitcoin. Investor expectations for the cryptocurrency market will deteriorate, further exacerbating the decline in coin prices.

Market sentiment: Market sentiment may become optimistic, with investors' risk appetite rising, making them more inclined to invest in traditional financial markets like the stock market, while pulling out of the cryptocurrency market, resulting in declines in the prices of Bitcoin and other digital currencies.

If the data is weak:

Capital flow: If the data falls short of expectations, it indicates a weak U.S. labor market, which may trigger selling pressure on the dollar. Investors seeking to hedge or looking for other assets to offset devaluation risks may direct funds towards cryptocurrencies like Bitcoin, driving their prices up.

Monetary policy expectations: Weak non-farm data may lead the Federal Reserve to maintain low interest rate policies or even further easing. This monetary policy environment typically favors cryptocurrencies like Bitcoin, leading to more capital flowing into the crypto market and pushing prices higher.

Market sentiment: The market may become uneasy, especially with heightened concerns about the economic outlook. Investors' risk aversion will rise, viewing Bitcoin and others as 'digital gold' as safe-haven assets, thereby driving prices up.

However, the cryptocurrency market is characterized by high volatility and uncertainty. Non-farm data is just one of the factors influencing the cryptocurrency market; other factors such as the global economic situation, changes in regulatory policies, developments in blockchain technology, and internal market capital dynamics will also have significant impacts on the cryptocurrency market.

Follow me for more information and insights about the cryptocurrency market.

#币安HODLer空投BERA
#Berachain
The bear chain is about to go online, you can learn about the project.
Let's see if we can get excited this time?

Register on Binance with the invitation code: DBQAREOK

Follow me for periodic updates on various project information!

https://www.suitechsui.blue/zh-CN/join?ref=DBQAREOK
$BNB
$BERA

Look, you really can't have a perspective. Volatile area
Fortunately, I ran away; otherwise, it would have pierced again at the opening price
Red envelope, let's go 🧧 The security team doesn't play tricks, focusing on real openings
Sharing good luck, not doing it today, steady and steady $ETH