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Reports suggest cybercriminals behind the Bybit hack have cashed out approximately $300 million of the $1.4 billion in digital assets they stole. The hackers have achieved this despite concerted efforts by the crypto industry to thwart them. Tom Robinson, co-founder of crypto investigator Elliptic, said the hackers are now focused on evading security experts who are trying to block the stolen funds. Robinson, who asserts 20% of the funds have “gone dark,” said the hackers’ activity, which his team can see, suggests they are working nearly 24 hours a day. “Every minute matters for the hackers, who are trying to confuse the money trail, and they are extremely sophisticated in what they’re doing,” the Elliptic co-founder reportedly said. As previously reported by Bitcoin.com News, the North Korea-backed Lazarus Group, thought to be behind the Bybit hack, successfully swapped some of the stolen ether (ETH) for more than 6,000 bitcoin (BTC). Conversion to BTC, which is censorship-resistant, is said to make it nearly impossible for Bybit to recover the stolen funds. Furthermore, North Korea’s alleged prowess in hacking and laundering has made the task of security experts — who have identified $40 million of the stolen funds — much more challenging. Meanwhile, the scale of the Bybit hack, as well as the hackers’ apparent ability to evade defenses, has sparked debate on what Web3 firms should do to prevent similar attacks in the future. Some believe the transparency and industry cooperation seen after the attack are the best ways to counter hackers. Critics, however, assert the fact that hackers, known to keep stolen funds for years before liquidating them, have already cashed out undermines this argument. Others, like Nanak Nihal Khalsa, co-founder of Holonym, believe zero-knowledge proofs (ZKPs) could have prevented an attack attributed to blind signing vulnerabilities on Ledger hardware wallet devices. Although it’s said to be the bedrock of many privacy-preserving protocols, Khalsa and others believe blind signing may be on borrowed time, and steps must be taken to get further ahead of criminals. Explaining how Holonym could have prevented the attack, Khalsa said: “Our Human Wallet has a feature that prevents blind signing by showing a human-readable transaction on a hardware wallet instead of undecipherable data.” Unlike current solutions that overpromise safety but underdeliver, Khalsa said ZKP solutions like Holonym can prove to be the much-needed “shield” that keeps signers informed without jeopardizing speed or security. While there is no broad consensus on how the industry moves on from what has been described as the biggest hack ever, ZKP proponents like Khalsa insist this technology can play a part in rebuilding trust in the industry. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

Metaplanet to issue 2B yen in 0% bonds for $BTC acquisition Metaplanet, a publicly listed Japanese company investing in Bitcoin (BTC), announced on X that it will issue 2 billion JPY ($13.4 million) in zero-interest ordinary bonds to secure funds for additional Bitcoin purchases.

During the pandemic The Fed cut rates to zero and 40% of all Dollar ever to exist was printed. Money supply (M2) topped out in April of 2022. After that The Fed had to hike rates to lower M2. As you can see that didn’t work well and now they’re even cutting rates again..👀

Bitcoin’s adoption is growing, as Sunnyvale Public Safety Officers’ Association (PSOA) in California made history by becoming the first police and fire association in the United States to hold Bitcoin on its balance sheet. This move is part of the “Get Off Zero” initiative by Proof of Workforce, aiming to persuade organizations to allocate a portion of their assets into Bitcoin. PSOA’s decision marks a big milestone in the adoption of cryptocurrency within public safety organizations, following a growing trend of institutional interest in digital assets, such as when the US government established the Bitcoin reserve. A key reason for PSOA’s move to include Bitcoin on its balance sheet is diversification. This strategy may be a great way for the group to protect its funds in case the regular markets experience ups and downs, which they tend to do every so often. PSOA itself is a non-profit, collective bargaining unit representing over 200 public safety professionals in Sunnyvale. The members serve the community as police officers, firefighters, emergency medical technicians (EMTs), and emergency dispatch professionals. Related: Donald Trump Makes It Official: Strategic Bitcoin Reserve, Altcoin Stockpile Is Law Their action to adopt Bitcoin could set a precedent, potentially encouraging other public safety and governmental agencies to explore cryptocurrency as a viable asset class. That said, the current crypto market isn’t doing all that well. Bitcoin has dropped below the $80k mark, which is its lowest price since November last year. But to be fair, the entire financial market has been taking a hit recently, where even the big companies such as Apple, Microsoft, Alphabet, NVIDIA, and the rest suffered big losses in the last 24 hours. Founded by Dom Bei, Proof of Workforce is an organization dedicated to advancing Bitcoin adoption across various sectors. The “Get Off Zero” initiative specifically encourages entities to allocate at least a minimal portion of their assets into Bitcoin, moving away from having zero exposure to cryptocurrency. In addition, it was announced that Bei is scheduled to speak at the Bitcoin 2025 conference in Las Vegas, to be held on May 27-29. Considering the Sunnyvale news, it is likely he will discuss this initiative and its impact on associations like the PSOA. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

People are proud of their Rolex, but they don’t know that it has value only because humans didn’t have a finite asset until 2009 when Satoshi discovered Bitcoin. Soon people will learn that Bitcoin is finite which will send Rolexes, art, gold and luxury wine to zero.