Let’s further consider the logical possibilities of Venus Protocol being attacked: 1) Security experts say that some big investors were phished. Conventional wisdom suggests that they could just withdraw funds directly with the private key. How could there be a flash loan? Most likely, the hacker obtained updateDelegate authorization through social engineering, gaining access to the account of a large investor, but without immediate liquidity to withdraw. In layman's terms, the hacker obtained the authority, but the large investor only had collateral, not the borrowed funds. The hacker had to find a way to obtain the collateral of the large investor. 2) Is it that the individual phishing incidents involving the major investor have nothing to do with the Venus contract? As mentioned earlier, if the hacker discovered that the major investor's account had no liquidity, their efforts would normally be in vain. But why was it possible to withdraw collateral through a simple flash loan attack? The answer lies in the Venus contract mechanism. The hacker may have used flash loans and a series of vToken cross-platform exchange rate differences to help the major investor repay the collateral and even withdraw some extra. Simply put, it is true that the collateral of the big investors was stolen, but it is very likely that it will become a bad debt of the Venus contract platform, unless the big investors are stupid enough to pay back the platform. 3) While other users' funds are temporarily safe, the Venus platform faces significant liability concerns. While the attack was triggered by a large investor being phished by a social engineering scheme, the platform ultimately profited. The $30 million stolen is likely to become bad debt for the Venus platform, and coupled with the temporary panic and bank run, the impact could be devastating for Venus. But the greater impact is that this incident has brought back horrific memories of Venus's habitual attacks. The XVS price manipulation incident and its use as a tool for money laundering via BNB's cross-chain bridge are all examples of damage caused by fundamental flaws in Venus's security engineering. As the largest lending protocol on BSC, this is unacceptable. Note: The above is based on reasonable speculation based on the currently disclosed information. The details will be determined based on actual disclosed details.Let’s further consider the logical possibilities of Venus Protocol being attacked: 1) Security experts say that some big investors were phished. Conventional wisdom suggests that they could just withdraw funds directly with the private key. How could there be a flash loan? Most likely, the hacker obtained updateDelegate authorization through social engineering, gaining access to the account of a large investor, but without immediate liquidity to withdraw. In layman's terms, the hacker obtained the authority, but the large investor only had collateral, not the borrowed funds. The hacker had to find a way to obtain the collateral of the large investor. 2) Is it that the individual phishing incidents involving the major investor have nothing to do with the Venus contract? As mentioned earlier, if the hacker discovered that the major investor's account had no liquidity, their efforts would normally be in vain. But why was it possible to withdraw collateral through a simple flash loan attack? The answer lies in the Venus contract mechanism. The hacker may have used flash loans and a series of vToken cross-platform exchange rate differences to help the major investor repay the collateral and even withdraw some extra. Simply put, it is true that the collateral of the big investors was stolen, but it is very likely that it will become a bad debt of the Venus contract platform, unless the big investors are stupid enough to pay back the platform. 3) While other users' funds are temporarily safe, the Venus platform faces significant liability concerns. While the attack was triggered by a large investor being phished by a social engineering scheme, the platform ultimately profited. The $30 million stolen is likely to become bad debt for the Venus platform, and coupled with the temporary panic and bank run, the impact could be devastating for Venus. But the greater impact is that this incident has brought back horrific memories of Venus's habitual attacks. The XVS price manipulation incident and its use as a tool for money laundering via BNB's cross-chain bridge are all examples of damage caused by fundamental flaws in Venus's security engineering. As the largest lending protocol on BSC, this is unacceptable. Note: The above is based on reasonable speculation based on the currently disclosed information. The details will be determined based on actual disclosed details.
Why is it always stolen? On the systemic flaws in Venus contract design
Let’s further consider the logical possibilities of Venus Protocol being attacked:
1) Security experts say that some big investors were phished. Conventional wisdom suggests that they could just withdraw funds directly with the private key. How could there be a flash loan?
Most likely, the hacker obtained updateDelegate authorization through social engineering, gaining access to the account of a large investor, but without immediate liquidity to withdraw. In layman's terms, the hacker obtained the authority, but the large investor only had collateral, not the borrowed funds. The hacker had to find a way to obtain the collateral of the large investor.
2) Is it that the individual phishing incidents involving the major investor have nothing to do with the Venus contract? As mentioned earlier, if the hacker discovered that the major investor's account had no liquidity, their efforts would normally be in vain. But why was it possible to withdraw collateral through a simple flash loan attack? The answer lies in the Venus contract mechanism. The hacker may have used flash loans and a series of vToken cross-platform exchange rate differences to help the major investor repay the collateral and even withdraw some extra.
Simply put, it is true that the collateral of the big investors was stolen, but it is very likely that it will become a bad debt of the Venus contract platform, unless the big investors are stupid enough to pay back the platform.
3) While other users' funds are temporarily safe, the Venus platform faces significant liability concerns. While the attack was triggered by a large investor being phished by a social engineering scheme, the platform ultimately profited. The $30 million stolen is likely to become bad debt for the Venus platform, and coupled with the temporary panic and bank run, the impact could be devastating for Venus.
But the greater impact is that this incident has brought back horrific memories of Venus's habitual attacks. The XVS price manipulation incident and its use as a tool for money laundering via BNB's cross-chain bridge are all examples of damage caused by fundamental flaws in Venus's security engineering. As the largest lending protocol on BSC, this is unacceptable. Note: The above is based on reasonable speculation based on the currently disclosed information. The details will be determined based on actual disclosed details.
Piyasa Fırsatı
Binance Coin Fiyatı(BNB)
$865.58
$865.58$865.58
USD
Binance Coin (BNB) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen service@support.mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.
Ayrıca Şunları da Beğenebilirsiniz
The Channel Factories We’ve Been Waiting For
The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush. Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs. Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Paylaş
BitcoinEthereumNews2025/09/18 00:09
SOLANA NETWORK Withstands 6 Tbps DDoS Without Downtime
The post SOLANA NETWORK Withstands 6 Tbps DDoS Without Downtime appeared on BitcoinEthereumNews.com. In a pivotal week for crypto infrastructure, the Solana network
Paylaş
BitcoinEthereumNews2025/12/16 20:44
Crucial Fed Rate Cut: October Probability Surges to 94%
BitcoinWorld Crucial Fed Rate Cut: October Probability Surges to 94% The financial world is buzzing with a significant development: the probability of a Fed rate cut in October has just seen a dramatic increase. This isn’t just a minor shift; it’s a monumental change that could ripple through global markets, including the dynamic cryptocurrency space. For anyone tracking economic indicators and their impact on investments, this update from the U.S. interest rate futures market is absolutely crucial. What Just Happened? Unpacking the FOMC Statement’s Impact Following the latest Federal Open Market Committee (FOMC) statement, market sentiment has decisively shifted. Before the announcement, the U.S. interest rate futures market had priced in a 71.6% chance of an October rate cut. However, after the statement, this figure surged to an astounding 94%. This jump indicates that traders and analysts are now overwhelmingly confident that the Federal Reserve will lower interest rates next month. Such a high probability suggests a strong consensus emerging from the Fed’s latest communications and economic outlook. A Fed rate cut typically means cheaper borrowing costs for businesses and consumers, which can stimulate economic activity. But what does this really signify for investors, especially those in the digital asset realm? Why is a Fed Rate Cut So Significant for Markets? When the Federal Reserve adjusts interest rates, it sends powerful signals across the entire financial ecosystem. A rate cut generally implies a more accommodative monetary policy, often enacted to boost economic growth or combat deflationary pressures. Impact on Traditional Markets: Stocks: Lower interest rates can make borrowing cheaper for companies, potentially boosting earnings and making stocks more attractive compared to bonds. Bonds: Existing bonds with higher yields might become more valuable, but new bonds will likely offer lower returns. Dollar Strength: A rate cut can weaken the U.S. dollar, making exports cheaper and potentially benefiting multinational corporations. Potential for Cryptocurrency Markets: The cryptocurrency market, while often seen as uncorrelated, can still react significantly to macro-economic shifts. A Fed rate cut could be interpreted as: Increased Risk Appetite: With traditional investments offering lower returns, investors might seek higher-yielding or more volatile assets like cryptocurrencies. Inflation Hedge Narrative: If rate cuts are perceived as a precursor to inflation, assets like Bitcoin, often dubbed “digital gold,” could gain traction as an inflation hedge. Liquidity Influx: A more accommodative monetary environment generally means more liquidity in the financial system, some of which could flow into digital assets. Looking Ahead: What Could This Mean for Your Portfolio? While the 94% probability for a Fed rate cut in October is compelling, it’s essential to consider the nuances. Market probabilities can shift, and the Fed’s ultimate decision will depend on incoming economic data. Actionable Insights: Stay Informed: Continue to monitor economic reports, inflation data, and future Fed statements. Diversify: A diversified portfolio can help mitigate risks associated with sudden market shifts. Assess Risk Tolerance: Understand how a potential rate cut might affect your specific investments and adjust your strategy accordingly. This increased likelihood of a Fed rate cut presents both opportunities and challenges. It underscores the interconnectedness of traditional finance and the emerging digital asset space. Investors should remain vigilant and prepared for potential volatility. The financial landscape is always evolving, and the significant surge in the probability of an October Fed rate cut is a clear signal of impending change. From stimulating economic growth to potentially fueling interest in digital assets, the implications are vast. Staying informed and strategically positioned will be key as we approach this crucial decision point. The market is now almost certain of a rate cut, and understanding its potential ripple effects is paramount for every investor. Frequently Asked Questions (FAQs) Q1: What is the Federal Open Market Committee (FOMC)? A1: The FOMC is the monetary policymaking body of the Federal Reserve System. It sets the federal funds rate, which influences other interest rates and economic conditions. Q2: How does a Fed rate cut impact the U.S. dollar? A2: A rate cut typically makes the U.S. dollar less attractive to foreign investors seeking higher returns, potentially leading to a weakening of the dollar against other currencies. Q3: Why might a Fed rate cut be good for cryptocurrency? A3: Lower interest rates can reduce the appeal of traditional investments, encouraging investors to seek higher returns in alternative assets like cryptocurrencies. It can also be seen as a sign of increased liquidity or potential inflation, benefiting assets like Bitcoin. Q4: Is a 94% probability a guarantee of a rate cut? A4: While a 94% probability is very high, it is not a guarantee. Market probabilities reflect current sentiment and data, but the Federal Reserve’s final decision will depend on all available economic information leading up to their meeting. Q5: What should investors do in response to this news? A5: Investors should stay informed about economic developments, review their portfolio diversification, and assess their risk tolerance. Consider how potential changes in interest rates might affect different asset classes and adjust strategies as needed. Did you find this analysis helpful? Share this article with your network to keep others informed about the potential impact of the upcoming Fed rate cut and its implications for the financial markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Fed Rate Cut: October Probability Surges to 94% first appeared on BitcoinWorld.
Paylaş
Coinstats2025/09/18 02:25