Shiba Inu (SHIB) is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem.
Over the weekend, hackers made off with nearly $200 million in 20 different tokens from the BitMart exchange, but it received staunch support.
The cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. community doggy meme,Shiba Inu, y el exchangeHuobi come together to helpBitMart a superar el hackeo que ocurrió el fin de semana.
After nearly $200 million hack on the exchange BitMart, the communityShiba Inu (SHIB) yHuobi Global are intended to help you strengthen security and track the entry of stolen assets.
As we reported yesterday, December 5, the cryptocurrency exchange BitMart became a victim of a hot wallet compromise hosted on the blockchain.Ethereum a decentralized open-source blockchain with smart contracts functionality. (ETH) yBinance Smart Chain (BSC). As a result, hackers were able to steal more than USD $196 million, approximately USD $100 million across the network.Ethernet and about USD $96 million through the blockchain. BSC.
Shortly after the CEO of BitMartSheldon Xia, confirmed the hack,Huobi announced that it would helpBitMart to track the entry of assets into your exchange and report matches to stolen funds.
In statements to the mediaCointelegraph, the director of global strategy atHuobi, Jeff Mei, suggested that transparency and quick responses are important when dealing with such attacks:
“Exchanges should alert their users, other exchanges and law enforcement authorities as soon as possible and be transparent about what they are doing to handle the attack and the loss of user funds.”
Mei also emphasized that users should not bundle all of their assets into a single platform a place to buy, sell and store cryptocurrency or a single wallet a place where cryptocurrency users can store, send and receive digital assets. . He advised users to closely investigate a platform’s security measures before investing and to immediately notify the relevant exchange staff if they become aware of any potential security incidents.
CEO to meet with community
The exchange announced on Twitter, in addition, CEO Sheldon Xia will hold a meeting with the community today to explain the situation:
Our CEO @sheldonbitmart will hold an AMA at 8pm. EST on December 6 on Telegram to share more information about the security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. breach, the settlement agreement and how we plan to resume operation. We will strive to maintain transparency and your support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. of BitMart is greatly appreciated.
Our CEO@sheldonbitmart will conduct an AMA at 8PM EST Dec 6 on Telegram to share more info regarding the security breach, compensation arrangement, and how we plan to resume operation. We will strive to maintain transparency and your support to BitMart is highly appreciated. pic.twitter.com/83Q43W9aXf
– BitMart.Exchange (@BitMartExchange) December 6, 2021
Shiba to the rescue
Following his example, the community ofShiba Inu also confirmed that it would help the hacked exchange, citing its existing efforts to review potential security threats to the hacked exchange.a ShibaSwap, a decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. exchange built by the community.
Xia also said the exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. would compensate affected investors with their own funds. .“We are also talking to several project teams to confirm the most reasonable solutions, such as token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. exchanges. It will not harm users’ assets.” he added.
The hack forced the exchange to temporarily halt all withdrawals and deposits. However, Xia is confident that BitMart will resume services by December 7.
Another case at the same time
In the meantime,BitMart was hacked, another case of attack occurred, but it could be stopped.
The protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. ofSynapse Bridge recently prevented a multimillion-dollar exploit in theMetapool Avalanche Neutral Dollar (nUSD).
Cointelegraph account an account is essentially a whose purpose is to track the financial activities of a specific asset/ thatSynapse Bridge prevented a hacker from stealing approximately $8 million in cryptocurrencies:
“Over the last 16 hours, we found and discovered a contract in traditional finance, a contract is a binding agreement between two parties. In cryptocurrencies, smart contracts execute functions on the blockchain. error in the way AMM Metapool contracts handle virtual price calculations against the virtual price of the base group.”
While the threat was averted,Synapse Bridge soon implemented new groups ofnUSD as a means to further strengthen your security against similar attacks.
Sources: Cointelegraph , Twitter, archivo