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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๐Ÿช™ Investors filed a class lawsuit against Circle after the $280 million Drift Protocol hack โ€” according to them, the company could have frozen the stolen USDC, but due to several hours of inaction, the attackers managed to withdraw more than $230 million via Circle's bridge.

Interestingly, yesterday Tether allocated $127.5 million to Drift for user compensation โ€” and it is possible that one of the unofficial conditions for support could have been a public attack on the main competitor through a lawsuit against Circle.

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โ˜ ๏ธ The internet is warning about a new wave of counterfeit Ledger devices, which are being sold en masse through Chinese marketplaces as genuine devices.

These wallets are found to contain modified chips, Wi-Fi, and Bluetooth modules, and a researcher has linked the firmware to the Chinese company Espressif Systemsโ€”the device stealthily steals the seed phrase and can empty the wallet at any time.

A similar scheme previously earned scammers approximately $9.5 million through the fake Ledger Live app. Therefore, users are advised to buy devices only from Ledger and immediately verify the Genuine Check.

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๐Ÿ‘ป Beijing lecturer Jiang Xueqin stated that the CIA or DARPA could have been behind the creation of Bitcoin โ€” according to him, the development of Bitcoin required too many resources, cryptography, and years of work to be the work of one person, and the very fact that the technology was released for free and its author disappeared, more closely resembles a state experiment than an ordinary IT project.

He also claims that blockchain could have emerged in the same environment as the internet or GPS, and Satoshi Nakamoto's anonymity only strengthens suspicions.

However, most experts consider the theory dubious: the Bitcoin network operates on tens of thousands of independent nodes around the world, and its code has been developing openly and publicly for 17 years.

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๐Ÿ–ฅ A court in the Lipetsk region ordered the owner of an illegal mining farm to pay almost 9,000,000 rubles for illegally connecting ASIC miners in two garages.

The man denied involvement, but energy workers showed a video of him opening the garages with his key, and a similar farm had previously been found at his wife's place.

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๐Ÿ‡ฐ๐Ÿ‡ฌ Following several visits by Changpeng Zhao, Kyrgyzstan is preparing to welcome Justin Sun. Against the backdrop of cryptocurrency laws passed in 2022, the country is suddenly becoming a new magnet for crypto billionaires and major blockchain companies.

If the interest from such figures continues, Kyrgyzstan could become for Central Asia what Dubai has become for the Middle Eastโ€”a destination for people to launch crypto projects, attract investment, and build a new digital economy.

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๐Ÿฆ‘ Kraken's parent company Payward to acquire derivatives exchange Bitnomial for $550 000 000 in cash and stock.

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๐Ÿ‡ฎ๐Ÿ‡ท Iran's Foreign Ministry announced that for the duration of the ceasefire in Lebanon, the Strait of Hormuz is completely open for the passage of all commercial vessels.

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๐Ÿช™ Over the week, investors poured almost $1 billion into spot Bitcoin ETFs โ€” this is the best result since January and a sign that the market is ready to take risks again.

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โ˜ ๏ธ The KelpDAO protocol was hacked โ€” 116 500 ETH worth approximately $293 million was withdrawn from the rsETH restaking token.

The funds have already been moved via bridge to another address, the team is investigating the incident.

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๐Ÿ‡ท๐Ÿ‡บ Over 190 000 illegal miners were counted in Russia against only 5 500 legal ones โ€” authorities want to tighten control, but at the same time legalize mining in regions with surplus energy to collect taxes.

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๐Ÿ’ฐ Analysts linked the hack of Kelp DAO ($293 million) to the North Korean group Lazarus Group: attackers spoofed messages via compromised RPC nodes and DDoS.

The key problem is that Kelp DAO had a single point of failure scheme (1/1 DVN), which allowed the fake transaction to go through without verification.

The incident impacted the market: rsETH was frozen on Aave and an outflow of over $10 billion was recorded, and a number of DeFi protocols temporarily halted bridges โ€” heightening concerns about cross-chain infrastructure vulnerabilities.

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๐ŸŒ The Global Uncertainty Index has updated its historical maximum, surpassing the levels of COVID-19 times, the 2008 Global Financial Crisis, and the dot-com crash.

Unlike past crises with a single key cause, pressure is now being created by a set of factors simultaneously โ€” geopolitics, economics, and technological shifts.

This makes the situation less predictable and more difficult for markets and businesses.

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๐Ÿ’ธ Coinbase replaced two former top managers with AI agents, who are already helping employees with tasks and strategy directly within work tools.

Brian Armstrong believes that soon there will be more such agents than people, and AI will perform a significant portion of the work, including writing code.

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๐Ÿณ Strategy bought another 34,164 BTC.

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๐Ÿช™ BitMine bought another 101 627 ETH last week.

Now the company has almost 5 million ETH on its balance sheet โ€” about 4.1% of the total Ethereum supply.

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โ„๏ธ Arbitrum froze 30 766 ETH ($71 million), related to the KelpDAO exploit.

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๐Ÿช™ Vitalik Buterin stated that Ethereum is NOT trying to become the fastest network or compete with exchanges: its primary goal is to remain the most secure, decentralized, and resilient system for storing digital assets.

He added that the network is focusing on AI-powered code review and protection against quantum threats so that Ethereum can operate even without constant developer input.

He also criticized L2 networks that simply copy Ethereum and make it more centralized. According to him, a useful L2 must develop its own mechanics and address specific application needs, rather than being "Ethereum, only faster."

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๐Ÿ“Š Hyperliquid's revenue per employee is 18 times higher than Anthropic'sโ€”$78 million versus $4.4 million.

Tether is also at the top, with about $17.3 million per employee.

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๐Ÿ‡ฐ๐Ÿ‡ท South Korea's tax service ordered the development of a system for tracking crypto transactions, including analysis of non-custodial wallets and connections between addresses โ€” launch is planned for this year.

However, it remains unclear how exactly they will "de-anonymize" such wallets in practice โ€” likely through blockchain analytics and matching data from exchanges, which raises questions about accuracy.

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๐Ÿ‡บ๐Ÿ‡ฟ President of Uzbekistan approved the creation of the first mining zone, Besqala Mining Valley, with tax incentives and cheap energy โ€” essentially, the country is trying to centrally attract miners, and this could set a new vector for industry migration.

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