Shanu11

Bybit has declared an all-out war against the North Korean hacking group Lazarus after suffering a record-breaking $1.46 billion crypto theft. CEO Ben Zhou launched Lazarusbounty.com, a bounty program rewarding users with up to 10% of recovered funds for freezing illicit transactions. Security efforts have already led to the freezing of millions in stolen assets, showing Bybit's aggressive stance on security. Despite concerns over laundering tactics, Bybit has fully replenished client funds, ensuring a 100% asset recovery ratio. Traders should remain vigilant, as this bold security initiative strengthens trust in Bybit, potentially stabilizing market confidence
#bybit

The GMT DAO Burn Initiative is a significant community-driven project aimed at enhancing the sustainability and value of the GMT token within the broader web3 ecosystem. By proposing to burn up to 600 million GMT tokens, equivalent to $100 million, this initiative seeks to reduce the token's circulating supply, which could increase scarcity and potentially boost its value over time.

Key aspects of the initiative include:

1. **Community Empowerment**: GMT holders are given direct voting power to decide on the burn, reinforcing decentralized governance and collective decision-making.
2. **Transparency**: The voting process is recorded on the blockchain, ensuring verifiable and tamper-proof outcomes.
3. **Incentives**: Participants earn rewards, including 100 million GMT distributed during the voting period and a unique NFT that acknowledges their engagement.
4. **Sustainability**: Reducing token supply aligns with the DAO's focus on long-term value creation and ecosystem growth.

This initiative underscores the DAO's commitment to transparency and innovation, setting a new benchmark for community engagement in cryptocurrency governance. It also reflects the integral role of GMT in applications like STEPN, Gas Hero, and other decentralized platforms within the FSL ecosystem.
#BURNGMT $GMT

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Not Financial advice

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