DeCenter โ€“ Blockchain and Bitcoin
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DeCenter is the #1 blockchain community in Russia with over 75 000 experts. And this is our channel for English-speaking members.

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๐Ÿ‡จ๐Ÿ‡ณ In China, the number of wallets that are used for direct peer-to-peer stablecoin settlements, since the beginning of 2024 has grown 43 times โ€” despite cryptocurrency restrictions.

And South Korea has already become the largest crypto market in East Asia with a volume of about $449 billion.

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๐ŸŽฆ Netflix released a trailer for the series ยซThe Altruistsยป about the collapse of the FTX crypto exchange. The premiere will take place on November 19.

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๐Ÿ˜‚ A woman complained on a live broadcast that her husband holds so much BTC that they could completely pay off the mortgage, but refuses to sell.

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๐Ÿ’ธ Head of Cryptography at Coinbase believes, that AI is almost certain to enhance cryptanalysis, but there are no signs yet of an imminent "break of all cryptography".

Instead of panicking, he suggests transitioning to hybrid defense in advance โ€” if one cryptographic method is ever broken, the system won't collapse entirely.

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๐Ÿ‡น๐Ÿ‡ญ In Thailand, a crypto investor was held at gunpoint at night and forced to transfer $820,000 in crypto, while also having a Rolex, cash, and phones stolen.

Money loves silence

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โœˆ๏ธ New built-in wallet Gram Wallet has started appearing for all Telegram users โ€” access is granted only after an incoming transfer.

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โ˜ ๏ธ Users Ledger may have lost over $86,000,000 due to a series of thefts from hundreds of wallets across Bitcoin, Ethereum, and TRON networks.

The cause is not yet established, and there is no official confirmation of a hack of the Ledger devices themselves.

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๐Ÿ‡ฎ๐Ÿ‡ท The US plans this week to confiscate Iran-linked crypto assets worth approximately $1 billion.

According to statements by Finance Minister Scott Bessent, authorities have already found the assets and are working on blocking them.

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๐Ÿ•ต๏ธโ€โ™‚๏ธ An investor lost 80 BTC worth $5,200,000 after buying a Ledger hardware wallet from the reseller CryptoBillis and transferring all coins to it.

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๐Ÿช™ Three wallets, presumably belonging to one whale, transferred to Coinbase 2,903 ETH worth $7,220,000 after more than 9 years of inactivity.

When they received these coins, ETH was worth about $9.9 โ€” now their profit is estimated at $7.19 million, approximately x250.

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โ˜ ๏ธ The story with Ledger is becoming even more alarming โ€” Tibane Labs researchers discovered modified Nano X devices with a hidden implant that, presumably, can intercept the seed phrase and send it to attackers.

Ledger is already investigating the possible compromise of devices sold through CryptoBilis in Southeast Asia and has demanded that the reseller suspend sales.

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๐Ÿ‡จ๐Ÿ‡ณ Chinese authorities at the highest level ordered to build a national blockchain network.

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๐Ÿšฌ Ledger officially confirmed a hardware implant in one of the affected users' devices and stated that they are already working with law enforcement.

CryptoBilis has stopped sales, and buyers of its Ledger devices are advised not to turn on unconfigured devices and to urgently replace those already in use along with the seed phrase.

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๐Ÿ“Š Over 2 years, approximately 700,000 BTC have been withdrawn from crypto exchanges โ€” the platforms' balance decreased from approximately 3.15 million to 2.45 million coins, CoinGlass data shows.

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๐Ÿ” Mark Karpeles posted video, where he shows how to carefully disassemble a Ledger Nano X and check it for a spy implant.

Before such a check, first make sure that the seed phrase is saved and access to the wallet will not be lost.

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๐Ÿšฌ The first Ledger Stax with a spy implant has been discovered โ€” the case has already been confirmed by Mark Karpelรจs.

It's particularly unpleasant that Stax is Ledger's premium model, which is usually bought precisely for enhanced security.

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๐Ÿช™ US Department of Justice is again scrutinizing Binance โ€” this time checking whether the exchange complies with the terms of the 2023 deal and whether flows related to Iranian oil and sanctioned entities passed through it.

There are no new accusations against Binance yet; the exchange itself declares zero tolerance for sanctions evasion.

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๐Ÿช™ Wallets associated with Ethereum Foundation transferred 4393 ETH ($11,100,000) to Kraken.

10 years ago, these wallets received 59,751 ETH from the foundation โ€” during this time, 49,751 ETH has been transferred to Kraken at an average price of around $658.

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๐Ÿ”’ CZ shared recommendations for storing crypto assets, key points:

๐Ÿ”ต There is no absolute security โ€” it's important to protect yourself from both theft and loss of access.
๐Ÿ”ต You need to allocate a separate device for crypto and install a minimum of applications.
๐Ÿ”ต Backup copies of keys must be stored separately.
๐Ÿ”ต Use a separate email for each exchange, a unique password, and hardware two-factor authentication. Avoid protection and access recovery via SMS.
๐Ÿ”ต Enable a whitelist of withdrawal addresses. Do not transfer API keys to third-party platforms and disable withdrawals via API.
๐Ÿ”ต Do not consider a hardware wallet invulnerable (hello Ledger).
๐Ÿ”ต It's worth considering in advance the transfer of crypto assets to heirs โ€” without premature disclosure of keys.

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๐Ÿ‡ซ๐Ÿ‡ท France has also reached cold wallets โ€” if the amendment is adopted, self-custody owners with crypto worth over โ‚ฌ100,000 will have to annually report its value to the tax authorities, and concealment is punishable by a fine of up to โ‚ฌ10,000.

For now, this is just an amendment to the 2027 budget โ€” the committee supported it, but before it becomes law, it still needs to pass through parliament.

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๐Ÿ‡ช๐Ÿ‡บ Europol unexpectedly gave StarkWare free PR โ€” in a report on quantum threats, the agency specifically highlighted Account Abstraction and ZK-STARK as tools for protecting crypto wallets.

StarkWare didn't miss the moment and reminded that they want to transition Starknet to post-quantum protection by 2027.

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