Author:Zhang Sheng
Source: Mingjin Network
When an avalanche occurs, not a single snowflake is innocent.
The tears that flow when there is no return are the saliva that flows when you are greedy!
One
An indiscriminate strangulation has just come to an end, and countless people are still in shock.
In the early morning of October 7, when most people were asleep, a giant thunder suddenly detonated the smart contract platform Binance Chain (BNB Chain).
Immediately afterward, Zhao Changpeng, the richest man in China, posted that the platform had just been hacked, and within 2 hours, 2 million Binance Coin (BNB) had been looted, with a loss worth $100 million and investors suspended deposits and withdrawals.
Zhao Shoufu also pointed out that the hackers were attacked through a vulnerability on the "Token Hub" across the chain bridge, and the problem has been controlled and customer funds are safe.
As soon as the news came out, the entire currency circle instantly fried pan!
Soon, investors found that things were not simple, the loss was not only 100 million US dollars, the hackers had not yet had time to transfer the value of the currency, there was 430 million US dollars, plus other virtual currency assets that had been obtained, the loss had exceeded 718 million US dollars (about 5.1 billion yuan), which was the largest on-chain attack in history.
Although Binance and Zhao Changpeng insist that they will continue to track down the hackers, there is a high probability that there will be no follow-up.
The so-called virtual security has once again been shattered by reality!
Two
The currency circle is a game and a dream.
It is said that gamblers in this field usually only have 3 minutes of memory, no matter how miserable the harvest is, the instant surge of pleasure on an account can make them forget the previous pain.
This "hacking" incident is not the first time, and it will not be the last, but it must be one of the countless times that has been repeated before.
As we all know, in the global currency circle market, the exchange does not agree to pull the network line, tamper with the transaction data, are habitual things, after an apology to a few coins on the matter, not to give more to a few.
The virtual currency stolen from the platform needs to go through cross-chain transactions, and each execution of this transaction requires the consent of the "keeper", who is like a security guard, monitoring the entire cross-chain transaction process, without the consent of the "gatekeeper", no one can steal the cryptocurrency.
Therefore, the simplest way is to "bribe" the janitor through some means, get the key to clearance, and steal the coin unconsciously.
1. The last record of theft in the coin circle occurred on August 10, 2021, and Poly Network, known as the world's leading "lightweight" heterogeneous chain cross-chain platform, experienced the darkest day in history.
In less than an hour, more than $610 million of virtual coin assets on the platform were transferred, triggering a global coin circle and blockchain platform earthquake, thousands of miners crying with headaches, and countless people returning to the pre-liberation period overnight.
Just when people are all gray, a miracle happened, after a series of communications, in less than 2 days, the hacker actually took the initiative to return all the assets, and said that they just "think it is fun, not interested in money", and the wealth of countless people has been lost.
But in fact, to this day, this case still has many doubts, why the hackers are willing to give up the billions of wealth in hand, whether there is a hidden cruel truth behind it, it is still a mystery, the good results are good, but this kind of luck is not every time.
2. Japan's "Mentougou Incident" is the most notorious case in the history of the currency circle.
Since 2010, Japan's Mentougou Exchange (MT.Gox) has carried out bitcoin trading, and soon became the world's largest bitcoin trading platform, attracting global virtual currency investors to open an account for trading.
But in February 2014, Mentougou abruptly suspended trading, claiming that 850,000 bitcoins had been stolen a few days later and declaring bankruptcy.
This news can be described as a ten-magnitude earthquake, to know that 850,000 bitcoins, accounting for 7% of the total circulation of the market at that time, plus about 20% of bitcoin is permanently lost, the actual proportion of more than 10%, such a huge amount of coins disappeared, the same day triggered the entire coin circle crash, bitcoin directly plummeted more than 20%, two days later fell like a waterfall of 80%, countless air coins returned to zero overnight, the roof was overcrowded for a while...
Six months later, the owner of Mentougou was arrested, and investigators found 250,000 bitcoins in an old wallet address, and its owner was the owner of Mentougou.
In other words, this is a farce of self-theft.
As for the hacking of Binance, many people suspect that it is the same drama, but there is no definitive evidence to confirm this.
Three
Whether the richest man in China is innocent or not, he is very depressed, because he is the one who has lost the most.
As the boss of Binance, the world's largest virtual currency exchange, Zhao Changpeng, who has joined Singapore, successfully topped the list of the world's richest Chinese last year, with a value of up to 95.8 billion US dollars (about 570 billion yuan), suppressing the boss of Nongfu Spring, Zhong Sui, replacing Musk as the new "talker" in the currency circle, directly blowing the myth of coin speculation and wealth to a climax.
Only half a year later, the richest Chinese man fell back to its original form, from 95.8 billion US dollars to only 10.2 billion US dollars, a total of 85.6 billion US dollars, about 580 billion yuan of wealth evaporated in the world, equivalent to 90% of the value of zero, by the currency circle joked "the first person to return to poverty overnight".
With the ups and downs of the coin circle, the richest man Zhao has made a comeback, and his value has risen to $34.1 billion, but this year it has shrunk by more than 60%.
Why is Binance not a good stubble either?
Because what happened to it was no longer once or twice.
In July 2018, Binance was stolen from tens of thousands of bitcoins;
In May 2019, Binance was hacked and transferred 7,000 bitcoins;
In July 2019, all the assets of a large Binance account were emptied.
These are only the scandals that have been exposed, and as for whether there are other shady scenes behind them, I am afraid that only the richest man Zhao and several platform bigwigs know about it.
To put it bluntly, these so-called virtual currency exchanges are anarchist carnivals, and the investors in them are nothing more than lambs to be slaughtered.
You think that if you run fast enough, the scythe will not cut your head, and you do not know that the first 99 lucky escapes will fall into the abyss of doom and error in the 100th time.
In the largest casino of the 21st century, there is only one way you can avoid being harvested: don't participate!
No buying and selling, no harm!