A Very Talkative Hacker Indeed: Thoughts Revealed in a Q&A
The “author” of the biggest hack in crypto history turned out not to be so humble. After returning all the money, he decided to hold the Q&A embedded within ETH transaction data, explaining his views and attitude towards the created fuss.
It turned out that money and capital are not the chief of his concerns. In the beginning, the bad actor mentioned that the hack was only “for fun.” However, later on, it was revealed that the person works in the field of security consultation as a high-profile hacker. He even partially revealed his identity, unveiling that English is not his first language. Interestingly, he does not identify as either white-hat or black-hat.
In any case, the hacker claimed that the Poly Network was a decent system and admitted that the hack was one of the most challenging of his life!
New Listings: AXS on Coinbase, Baby Doge on OKEx
- Coinbase Pro has added the Axie Infinity (AXS) cryptocurrency to its list this week, which saw the coin price of the blockchain NFT game shoot up by 30% within a handful of hours.
Axie Infinity is a hyper popular play-to-earn game. It enables gamers to own, trade and earn from in-game assets. AXS’ value has surged by more than 360% in the past month.
- Meme coin BabyDoge has been listed on the OKEx crypto exchange. Baby DogeCoin (BABYDOGE) is a DOGE Coin spinoff memecoin built on the Binance Smart Chain (BSC). The coin spiked in value by nearly 20% in the wake of the announcement.
BABYDOGE gained global attention after Elon Musk’s tweet last month. OKEx itself was ranked the world’s largest crypto derivatives exchange in 2020.
BTC Miners Still into Ethereum, While PoS Is Not Yet Here
Bitcoin mining firms and hardware producers are continuing their investment in Ethereum mining.
Hut 8, North America’s largest crypto miner, has invested in NVIDIA hardware to mine Ethereum.
Crypto mining company HIVE Blockchain Technologies continued its acquisition of BTC and ETH miners.
Bitmain, the leading mining hardware manufacturer, is set to launch one of the fastest ever ETH mining machines by the end of this year.
The Ethereum network is expected to shift from a PoW to a PoS consensus mechanism that does not require such powerful mining hardware.
All Hail Crypto Mass Adoption. Behold, It’s coming!
Crypto Crowdfunding Platform DAO Suffers a $7 Million Hack
The token sale site for startup DAOs has confirmed the overnight hack that resulted in the loss of $7 million worth of funds. The hack led to some user accounts being completely drained and, as reported, 5,251 users had their funds stolen from the platform.
The firm has since announced that it is working with crypto firm Cipher Blade to create a plan of action regarding user funds and the next steps to be taken.
The concerning part is that the largest cryptocurrency hack performed to date was done “for fun.” The “cheeky” hacker has already begun returning the funds, as $342 million has already been returned to the Poly Network.
Source: DailyCoin
