News丨WeBank: 13 blockchain open source projects have been released so far

1. NFT Trader attacker: The stolen assets are safe and need to be redeemed with a 10% bounty

On December 16, it was reported that the NFT Trader attacker posted on the chain that the stolen NFT assets are safe and will eventually return to the user. The initial attacker of the vulnerability was 0x3dc115307c7b79e9ff0afe4c1a0796c22e366a47b47ed2d82194bcd59bb4bd46.

The attacker indicates that it is not the initial attacker and that the initial attacker is continuing to prepare to exploit a new vulnerability. At the same time, the attacker stated, "I'm a good person, and the value of these NFTs is enough for a person to live a free life, but I don't care about that." If a user wants to redeem the stolen assets, they need to pay the attacker's corresponding reward, which is "1 BAYC = 30 ETH, 1 MAYC = 6 ETH, and you need to pay 10% of the ETH I worked."

If you have a BAYC then you need to pay me 3 ETH, and if it's a combination of BAYC and MAYC then 3.6 ETH. The attacker said that after paying the bounty, the stolen assets would be returned. Users are reminded that this is an attacker's statement, and the veracity is unknown. Stolen users need to choose carefully. At the same time, please cancel the attacked contract in time: 0x13d8faF4A690f5AE52E2D2C52938d1167057B9af;0xC310e760778ECBca4C65B6C559874757A4c4Ece0.

2. Venom Foundation has started the dissolution process and will no longer continue to operate in the Abu Dhabi global market

On December 16, it was reported that the Venom Foundation, the foundation behind the Layer 1 blockchain Venom, announced that it would no longer continue to operate in the Abu Dhabi Global Market (ADGM), and in accordance with regulatory regulations, the foundation has started the dissolution process. The Venom Foundation said the decision is in line with our current strategic direction. It is important to stress that the choice to dissolve is not a reflection of the environment of Abu Dhabi's international financial centre. Venom Foundation remains open to exploring future opportunities within the Abu Dhabi International Financial Centre.

As of today, Venom has not had a token generation event. Any public statements regarding the Venom Foundation's issuance of Venom tokens following the token generation event are untrue and are not authorized by the Foundation. As previously reported, in January 2023, Venom Foundation partnered with investment management firm Iceberg Capital to launch a $1 billion venture fund that will invest in Web3 protocols and dApps' Pre-Seed to Series A funding, focusing on trends such as payments, asset management, DeFi, as well as banking services and GameFi.

3. The Hong Kong police smashed a virtual currency money laundering center that used virtual bank accounts, and the crime proceeds were about HK$100 million

Hong Kong police smashed a virtual currency money laundering centre under the guise of expensive aromatherapy shops, estimated to have laundered about HK$100 million of crime proceeds, Tseung Kwan O District Technology and Wealth Crime Unit Inspector Law Kwan Kit said that the money laundering centre used different methods to obtain virtual bank accounts, such as using money to induce others to sell accounts or to ask debtors to provide accounts to pay off debts, when the accounts are in hand, they will use a large number of mobile phones to bind to open virtual bank accounts, and once they receive illegal funds, they will use the mobile phones bound to the accounts to launder money, including the purchase of virtual currency。

4. The price of Bitcoin against the local currencies of six countries: Egypt, Nigeria, Lebanon, Pakistan, Turkey, and Argentina hit record highs

The price of bitcoin has risen by about 80% in 2023 to reach its highest level of the year, and while it has not yet reached an all-time high of $69,000 and has not been able to recover its all-time high in dollar value, it has reached all-time highs in these currencies when calculated at the Egyptian pound, Nigerian naira, Lebanese pound, Pakistani rupee, Turkish lira, and Argentine peso.

Analysts believe that the sharp rise in the price of bitcoin in these countries is due to the high inflation rate currently plaguing these countries, as well as the decline in the exchange rate of these currencies against the US dollar, such as the inflation rate in Lebanon is currently 208%, Argentina is 135%, Egypt is 35.7%, Nigeria is 30.6%, Turkey is 64%, and Pakistan is 29.4%.

5. Hong Kong Stock Exchange: The current CEO Aguzin will not renew the contract, and the co-operating director Chen Yiting has been approved by the Hong Kong Securities and Futures Commission

HKEX announced in an announcement that the current Chief Executive Officer, Nicolas Aguzin, has confirmed that he will not seek re-election at the end of his term in May 2024, and that the current Co-Chief Operating Officer, Tim Chan, will become the next Chief Executive Officer of HKEX for a term of three years.

It is reported that during his tenure, he and Yao Jiaren supported the listing of the first batch of crypto asset ETFs in Asia, including CSOP Bitcoin Futures ETF, CSOP Ether Futures ETF, as well as Samsung Blockchain Technology ETF and Samsung Bitcoin Futures Active ETF.

6. The president of the Hong Kong Blockchain Association called on Shenzhen and Hong Kong to work together to develop and invest in the emerging industries of Web 3.0 digital culture scene

Tang Yi, HKBA.club president of the Hong Kong Blockchain Association, said at the Shenzhen Creative December Wisdom Valley Digital Art Exhibition that many members of the Hong Kong Blockchain Association have recently obtained the Hong Kong Securities and Futures Commission Type 1 license (security token license), Type 7 license (virtual asset trading license) and Type 9 license (virtual asset management license), Hong Kong has financial advantages, investors want to find new investment opportunities including financial technology AI Web 3.0, but Hong Kong lacks Web 3.0 and blockchain R&D talents, and Shenzhen makes up for Hong Kong's shortcomings in this regard, and Shenzhen and Hong Kong can work together to develop and invest in the emerging industry of Web 3.0 digital cultural scene.

7. WeBank: 13 blockchain open source projects have been released so far

WeBank revealed at the latest event that since 2017, WeBank has successively opened up the core research and development results of the blockchain to the world, and has released 13 blockchain open source projects so far, and the underlying blockchain platform FISCO BCOS led by it has been open source for 6 years, and the domestic open source alliance chain ecosystem built around it has brought together more than 5,000 institutions, more than 100,000 individual members, as well as 50 certified partners and more than 500 core contributors.

8. SEC Commissioner: The SEC should have approved spot Bitcoin ETFs five years ago

SEC Commissioner Hester Peirce said at the Bloomberg ETF In-Depth Conference in New York that spot bitcoin ETFs should have been approved a few years ago, but regulators have been holding back, saying, "I think we should have approved one of them five years ago, so the fact that the committee hasn't approved it is very confusing to me." Peirce also said the ETF and crypto ecosystem are "ready" to embrace spot Bitcoin ETFs.

9. Franklin Templeton: The real value of cryptocurrencies and blockchain lies in reducing the cost of trust

The true value of cryptocurrencies and blockchains lies in their ability to reduce the cost of trust by eliminating trusted intermediaries and enabling trust-minimizing systems, and the additional features and applications that these technologies bring further amplify this core advantage, according to a blog post. As a result of the elimination of intermediaries in economic activity, significant economic savings were realized by all remaining participants involved in the process. Cutting out the middleman means reducing the number of people who need to feed and improving cost efficiency. In addition, fewer parties naturally lead to reduced counterparty risk.

10. Slow Mist Cosine: It is possible to maliciously occupy inscription transactions through low transaction fees

In response to "buyers initiating ultra-low gas transactions to buy inscriptions, making it impossible to close in the short term, accelerating transactions after rising, and canceling transactions after falling." Yu Sine, the founder of Slowfog, posted on the social platform that due to the PSBT signature mechanism used by the trading platform, it is indeed possible to maliciously occupy the transaction for a certain period of time.

RBF can be used to accelerate the success of the transaction, but not to accelerate the cancellation of the transaction (the cancellation is actually the low fee transaction before the success, but theoretically there will eventually be a successful transaction as agreed by the seller's PSBT).

Cosine said that this sell order can be occupied for a long time (such as several days), but it must be occupied forever, which Mempool does not allow, but it is not clear how long it will last. Therefore, the platform must have a timeout mechanism to avoid the situation that the seller's PSBT signature is occupied for a long time, and other buyers should be allowed to take the seller's PSBT signature after the timeout.

Disclaimer: The above content does not constitute any investment advice, investment is risky, and participation should be cautious.