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Crypto security firm SlowMist has flagged more than 8,620 suspicious addresses on the Solana network, linked to the DEXX hack, an incident that affected more than 900 users and resulted in significant losses.
Initially valued at USD 21 million, the financial impact of the attack has increased to 30 million due to the fluctuation in the prices of the tokens involved. According to the founder of SlowMist, known as “Cos.”
注意下 DEXX这个交易工具，好些用户被盗，大早上各渠道请求到我们这的被盗用户就好几个，损失有大有小。被盗时间集中，损失估计不小，有些用户及时发现撤走了部分资金。被盗人群与用DEXX 做冲土狗/炒 MEME 有关，私钥属于 DEXX 中心化托管，肯定泄露了，至于泄露方式等调查披露。 https://t.co/Qwt5DwBU4b
— Cos(余弦)😶🌫️ (@evilcos) November 16, 2024
The hack, which took place on November 16, exploited a security vulnerability related to private keys, with one victim losing more than a million dollars. Meanwhile, DEXX has taken steps to monitor and freeze funds in the wallets linked to the hacker. In addition to offering rewards and tokens in exchange for the return of assets.
SlowMist’s investigation doesn’t stop at Solana, the company plans to publish additional suspicious addresses on Ethereum, BNB Chain, and Base soon. This hack represents the second largest attack of the month. Only surpassed by Thala, which managed to recover the stolen USD 25.5 million.
Craig Wright loses another legal battle: His appeal to be recognized as Satoshi Nakamoto is rejected
The UK Court of Appeal has denied Craig Wright’s request to appeal an earlier ruling that concluded he is not Satoshi Nakamoto, the enigmatic creator of Bitcoin. This decision marks a new setback in Wright’s long legal fight to be recognized as the founder of the Cryptocurrency.
According to the ruling, the arguments presented by Wright were riddled with “falsehoods.” Including references to “fictitious authorities” who, according to the court, could be “hallucinations generated by artificial intelligence.” Wright’s credibility was called into question, leading the judges to declare that his appeals “have no prospect of success.”
MR WRIGHT’S APPLICATION FOR PERMISSION TO APPEAL BRUTALLY DENIED TODAY
Here are three quotes that tell the story:
“Dr Wright’s grounds of appeal, skeleton argument and summary of skeleton argument themselves contain multiple falsehoods, including reliance upon fictitious… pic.twitter.com/SsV2VG9hze
— hodlonaut (@hodlonaut) November 29, 2024
Since 2016, Wright has insisted that he is Nakamoto, facing skepticism from the crypto community. During this time, he has pursued multiple defamation lawsuits against prominent critics such as Vitalik Buterin and Peter McCormack, without winning major victories.
With this ruling, the “Faketoshi” legal saga seems to be approaching its end. Leaving Wright once again without concrete evidence to support his controversial claims.
Bitcoin is approaching USD 100,000, but the strength of the dollar could slow its advance
The price of Bitcoin has reached historic levels, approaching the USD 100,000 milestone. However, the recent appreciation of the US dollar could limit the growth of the digital asset, warns André Dragosch, head of research at Bitwise in Europe.
“The strength of the dollar tends to negatively impact Bitcoin performance, as it tends to coincide with periods of lower global liquidity,” Dragosch explained, adding that Bitwise quantitative models point to the dollar as the main macroeconomic factor influencing performance. of the crypto asset.
The US Dollar Index has risen to 105.93 from 103.42 following the US elections, reflecting a more restrictive monetary policy environment. Additionally, investors have lowered their expectations for interest rate cuts from the Federal Reserve. Currently, the CME FedWatch tool assigns a 66% probability of a 25 basis point cut in December, while 34% believe rates will remain stable.
This macroeconomic scenario suggests that although Bitcoin maintains its bullish momentum, the strength of the dollar could act as a brake in the short term.
Justin Sun eats a banana worth USD 6.24 million
Justin Sun, founder of the Tron blockchain, surprised the world after eating a banana valued at USD 6.24 million, acquired during a contemporary art auction at Sotheby’s, New York. The banana was part of Maurizio Cattelan’s iconic piece of conceptual art titled “Comedian,” which consists of a fruit taped to a wall.
The event took place at the Peninsula Hotel in Hong Kong, where Sun invited journalists to talk about the work. In the middle of his speech, he removed the banana from the wall and ate it in front of those present, declaring:
«It is much better than other bananas. “It’s really quite good.”
The fruit, obviously recently replaced, was not the original from 2019, which would have been moldy.
Cattelan’s “Comedian”, which has become a meme phenomenon, even inspired the creation of two meme coins on the Solana blockchain. Sun highlighted the similarities between conceptual art and cryptocurrencies, noting that both challenge traditional notions of value.
After winning the auction, Sun received a certificate of authenticity and guidelines for maintaining the work, which included replacing the banana tree periodically to preserve the installation.
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