Orion Protocol Loses $3 M to Exploit: Postmortem Reveals Insight

• Orion Protocol lost $3 million to a trading pool exploit
• The hacker used a fake token and flash loans to steal funds
• Postmortem reveals the attack involved artificially depositing assets twice

Orion Protocol Loses $3 Million in Latest DeFi Hack

Last week, liquidity aggregator for centralized and decentralized exchanges, Orion Protocol, suffered one of DeFi’s biggest hacks of the year. The hacker stole $3 million from Orion Protocol’s liquidity pool by creating a fake token and using flash loans and a reentrancy hook.

How was the Attack Carried Out?

Over the weekend, an on-chain postmortem conducted on Orion Protocol revealed that the attacker created a fake token (AKT), manipulated swaps of flash-loaned stablecoins, and artificially deposited the assets twice to withdraw $3 million.

Were Users Affected?

Orion Protocol CEO Alexey Koloskov explained that only an internal broker account was affected, and users‘ accounts remain safe. He said the exploit was caused by a „vulnerability in mixing third-party libraries in one of the smart contracts used by our experimental and private brokers.“ On-chain data shows the hacker has moved most of the funds to Tornado Cash. However, approximately $1 million worth of ETH remains in their Ethereum address.

What Was Recovered?

At this time it is unclear what amount if any had been recovered from the hackers’ address. It appears that most of it had already been mixed into other wallets making it difficult to trace or recover any stolen funds at this time.

Conclusion

The latest hack against Orion Protocol serves as yet another reminder as to why security is so important when dealing with cryptoassets or protocols like DeFi. While it is unclear how much will be recovered at this time, users should always practice caution when engaging with any financial product regardless if its centralized or decentralized.

Crypto Market Surges as Token Unlocks Trigger Bullish Rally

• The crypto market is experiencing a bullish trend, with some tokens exhibiting even greater growth.
• The trigger for this impressive rally is often the upcoming NFT or token unlock, where more tokens come into circulation.
• Examples of tokens that have seen impressive gains due to a token unlock include Aptos (APT), Moonbeam (GLMR), Axie Infinity (AXS), and dYdX (DYDX).

The crypto market is experiencing a surge in bullish sentiment, with the prices of some tokens climbing higher than ever before. Tokens such as Aptos (APT), which rose more than 450% in three weeks, and Moonbeam (GLMR), Axie Infinity (AXS), and dYdX (DYDX) which each doubled or nearly doubled their value over the same time, have been dominating headlines and garnering investor interest.

The trigger for this impressive rally is often the upcoming NFT or token unlock, where more tokens are released into circulation. This event is usually considered to be bearish as it increases the token supply, but for some tokens it has resulted in a surge in price.

One example is dYdX (DYDX), the governance token of the decentralized exchange dYdX. The asset increased by more than 128% in the first three weeks of the year, despite no announcements on the dYdX protocol upgrade, partnership, or other important news. The price surged on January 25, when it was announced that the token unlock would be postponed until December 1, 2023, resulting in a steep 52% u-turn in the asset’s price.

Another example is Ronin (RON), an Ethereum Virtual Machine (EVM) based blockchain for game developers. On January 27, 2023, 22.19 million RON tokens were unlocked, accounting for 2.2% of the token’s one billion total supply. The price of RON jumped by 25% in the three days before the scheduled token unlock, further contributing to its steady 180% growth in a month.

The impressive rallies in price seen before token unlocks suggest that investors are anticipating the increased liquidity and increased use cases that come with more tokens entering circulation. This is a positive sign for the crypto market and could result in further bullish sentiment in the coming weeks and months.

Celebrate Crypto’s Achievements at Decrypt Studios‘ Inaugural Crypties Awards

Bullet Point Summary:
• Decrypt Studios held the inaugural Crypties Awards gala in December 2022 at Art Basel in Miami.
• The evening was sponsored by multiple Crypto projects and featured an emcee and presenters.
• Live Events included onstage panels and interviews from conferences and summits such as Web Summit in Lisbon and 0xpo Summit in San Francisco.

In December 2022, Decrypt Studios will host the inaugural Crypties Awards gala at Art Basel in Miami. The Crypties will recognize the most innovative and groundbreaking projects in the crypto space, and provide a platform for celebrating their successes. The evening will be emceed by Josh Ostrovsky, popularly known as “The Fat Jewish”, and presenters from a range of crypto projects. The sponsors of the event will include Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

In addition to the Crypties Awards gala, Decrypt Studios will also host several live events throughout the year leading up to the award show. These events will include onstage panels and interviews from conferences and summits such as Web Summit in Lisbon and 0xpo Summit in San Francisco. During these events, attendees will have the opportunity to hear from some of the top innovators and founders in the space, and gain insight into their projects and successes.

The Crypties Awards show will provide a platform to celebrate the achievements of the amazing projects and individuals in the crypto space. It will be an evening of recognition and celebration, and a chance to come together to celebrate the progress that the industry has made over the past year.

Decrypt Studios is excited to bring together the crypto community for the first annual Crypties Awards and accompanying live events. This will be a unique opportunity for the industry to come together and recognize the hard work and achievements of the incredible innovators and projects in the space.

Raising Money in a Bear Market: Insights from the Crypto Community

Bullet Points:
• Blocknative CEO Matt Cutler spoke at 0xpo Crossroads in San Francisco about his Web3 origin story and Blocknative’s business.
• The Crypties 2022 awards gala was held in December at Art Basel in Miami, sponsored by several crypto projects.
• Tezos co-founder Kathleen Breitman and venture capitalists discussed raising money in a bear market at 0xpo Summit in San Francisco.

At 0xpo Crossroads in San Francisco, Blocknative CEO Matt Cutler sat down with Decrypt’s Jason Nelson to discuss his Web3 origin story and the business of Blocknative. This event was a great opportunity for the crypto community to learn more about Blocknative and their products. Matt spoke about the misconceptions in the crypto space and the challenges that Blocknative has faced.

The Crypties 2022 awards gala was held in December at Art Basel in Miami. This event was emceed by Josh Ostrovsky, better known as „The Fat Jewish,“ and was sponsored by several crypto projects. Nine awards were presented during the evening, with the categories ranging from best decentralization project to most innovative blockchain deployment.

At 0xpo Summit in San Francisco, Tezos co-founder Kathleen Breitman joined venture capitalists Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock to discuss raising money in a bear market. Decrypt’s Jason Nelson moderated the panel and the speakers discussed the challenges of raising money in a bear market, strategies for convincing investors, and the importance of having a strong team. The panel also discussed the possibilities of leveraging non-fungible tokens (NFTs) for gaming and the potential of Ethereum and sharding.

Overall, these events provided great opportunities for the crypto community to learn more about the space and to make connections with other industry leaders. The talks and panels provided insight into the current state of the crypto market, discussed strategies for raising money, and discussed the potential of blockchain technology. With events like these, the industry is sure to continue its growth and development.

Crypto and Blockchain Take Center Stage at Decrypt Studios‘ Events in 2022

• Decrypt Studios held the inaugural Crypties Awards gala in December 2022 at Art Basel in Miami.
• Phantom co-founder Francesco Agosti was featured at 0xpo Crossroads in San Francisco.
• Tezos co-founder Kathleen Breitman discussed their blockchain’s proof-of-stake mechanism at Web Summit in Lisbon.

At the end of 2022, Decrypt Studios held the first ever Crypties Awards gala at Art Basel in Miami. With host Josh Ostrovsky („The Fat Jewish“) and a range of presenters from different crypto projects, awards were given out in nine categories. The event was made possible by generous sponsors such as Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

In November, 0xpo Crossroads was held in San Francisco with Phantom co-founder Francesco Agosti as the featured guest. Jason Nelson of Decrypt sat down with Francesco to discuss the history of Phantom and what he’s looking forward to in the world of Web3.

At Web Summit in Lisbon, Decrypt’s Stephen Graves interviewed Tezos co-founder Kathleen Breitman about how their blockchain has been using a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum, and sharding, as well as her thoughts on progressive decentralization and NFT gaming.

Finally, at 0xpo Summit in San Francisco, Jason Nelson of Decrypt moderated a panel on raising venture money even during Crypto Winter. Guests included Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock.

The in-person and virtual events hosted by Decrypt Studios throughout the year provided an exciting opportunity for people in the crypto space to come together, share their knowledge and experiences, and discuss the possibilities of the future of blockchain. From the Crypties awards gala to the panels on raising venture money, these events offered valuable insight into the ever-evolving world of crypto and blockchain.

Regelungen stehen in direktem Zusammenhang mit der BTC-Preisvolatilität

Bitcoin unter 7.000 $, klare Regelungen stehen in direktem Zusammenhang mit der BTC-Preisvolatilität

Am Montag, dem 20. April 2020, fiel der Preis für Bitcoin (BTC) unter 7.000 Dollar. Der Rückgang erfolgt inmitten einer Coronavirus-Pandemie, da neue Forschungsergebnisse zeigen, dass sich eine klare Regulierung direkt auf die Preisvolatilität von Bitcoin auswirkt.

Halbierung bei Bitcoin Era

Der Bitcoin (BTC)-Preis ist in den Gesprächen und Analysen stark angestiegen, was einige fast vergessen ließ, dass wir uns inmitten einer tödlichen Coronavirus-Pandemie befinden. Da sich das Jahr 2020 nur noch etwa drei Wochen vor der Halbierung bei Bitcoin Era liegt, wird sein Preis sehr genau beobachtet, da sowohl private als auch institutionelle Anleger auf das Gut setzen.

Zum Zeitpunkt der Berichterstattung wurde das US-Dollar-Derivat Bitcoin bei etwa 6.880 Dollar gehandelt, nachdem es nicht in der Lage war, das Allzeithoch der letzten zwei Monate zu überschreiten.

Dies entspricht etwa 4 % in Bezug auf den Eröffnungsstand des Tages, wobei die Anlage etwas über 7.100 $ gehandelt wurde.

Bitcoin Technischer Standpunkt

Der Vermögenswert ist seit dem freien Fall im März stetig gestiegen, so dass der Handel mit dem Vermögenswert nur noch die Hälfte des Preises ausmachte, den er vor der Coronavirus-Angst hatte, nämlich etwas über 10.000 Dollar. Seine Analyse wird von Tag zu Tag komplexer, da er stark vom spekulativen Handel betroffen ist und die Massenpsychologie das Spiel bestimmt.

Laut einer kürzlich durchgeführten Kryptoanalyse eines Senior-Analysten bei RoboForex, Dmitry Gurkovsky, bestätigt der neue Abwärtstrend von Bitcoin, der sich bildete, nachdem die Bullen nicht in der Lage waren, den Preis über 8.000 $ zu fixieren, dass der Vermögenswert auf 4030 $ zusteuert. Seine Argumentation basierte auf der technischen Seite der Sichtweise, wo er sie mit dem Hinweis auf den RSI und den gleitenden Durchschnitt unterstützte, die alle auf einen bevorstehenden Rückgang hindeuten.

Der Bitcoin-Preis hat seine Dominanz auf dem Markt geprägt, wobei er sogar die Altmünzenindustrie kontrolliert. Kürzlich wurde beobachtet, dass bei jedem Anstieg des Bitcoin-Preises sowohl die ETH- als auch die XRP-Preise in gleichem Maße verdrängt werden.

Das Krypto-Asset verzeichnet eine Zunahme der Tage institutioneller Investoren vor 2020, die sich halbieren, was ein Indikator dafür ist, dass das Asset sehr bald eine Hausse-Rallye erleben könnte. Da sich die Halbierung der Blockbelohnung negativ auf das Marktangebot auswirkt, wird der Preis zwangsläufig steigen, um die Bergbaukosten der Bergleute auszugleichen.

Bitcoin (BTC)-Preis im Verhältnis zu regulatorischen Maßnahmen

Da die meisten Menschen nach einer Halbierung der Bitcoin-Preise suchen, hat eine Studie gezeigt, dass die Volatilität der Bitcoin-Preise bei Bitcoin Era als Reaktion auf Nachrichten über eine klare Regulierung zunimmt. Dies ist laut der Bank für Internationalen Zahlungsausgleich, die der Meinung ist, dass Krypto-Preise gut auf eine klare Regulierung reagieren, jedoch sinken sie, wenn Regierungen Verbote erlassen.