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first_img Bitget updates on the security incident progress: the stolen amount is revised to 387.5 million USD, and the withdrawal recovery time will be announced before 12 PM tomorrow

Bitget TradFi Chief Growth Officer Xie Jiayin issued an update on the platform's security incident, stating that the withdrawal time will be announced before noon tomorrow. The security team has identified the hacker's attack path and methods, and has grasped the details of how the attacker bypassed security measures, coming very close to tracing the source of the attack. The incident investigation by third-party security teams Mandiant and SlowMist is still ongoing, with a detailed report pending from the security team.On-chain tracking confirms that approximately $387.5 million has been transferred to the hacker's address, previously estimated at $351.6 million. This revision includes ZEC and TRX, and no other unauthorized transfers have been found. Xie Jiayin stated that the stolen funds at the platform level will be fully covered by the Bitget User Protection Fund, ensuring that user assets are not subject to any losses.Bitget has officially launched a fund recovery bounty program, offering a 5% bounty for voluntarily freezing the attacker’s funds and a 5% bounty for voluntarily recovering funds. The bounty also applies to assistance already provided. The platform has published the attacker's address, a real-time tracking dashboard, and a submission portal, with relevant information also available for submission through Bybit's Lazarus bounty platform.

first_img The Russian cryptocurrency industry may operate legally before the end of the year, the deputy governor of the central bank stated that regulation is progressing as planned

The Deputy Governor of the Central Bank of Russia, Vladimir Chistyukhin, stated that the country's cryptocurrency industry may have the necessary conditions to operate legally by the end of the year, with relevant regulations progressing as planned. According to the International News Agency, Chistyukhin mentioned that significant and large-scale secondary regulatory rules are currently being formulated, and the "fine-tuning" of internal rules is expected to be completed by the end of 2026.This year, Russia has continued to advance cryptocurrency legislation. President Putin signed a law in August that establishes a regulatory framework for digital currencies and digital rights, but the use of Bitcoin for payments remains prohibited. The central bank has approved the public to trade Bitcoin on the country's cryptocurrency exchanges, and non-qualified investors can purchase Bitcoin and other assets worth 300,000 rubles (approximately $3,582) through a single intermediary, while qualified investors face no restrictions.Russia's largest bank, Sberbank, plans to launch Bitcoin and cryptocurrency wallets and digital asset custody services in December. The bank expects that the trading volume of its new cryptocurrency business could reach 40 trillion rubles (approximately $4.7 billion) in its first year. Since 2022, Russia has prohibited the use of digital assets as a means of payment or legal tender, but lawmakers have made exceptions for international payments, likely aimed at circumventing Western sanctions. After the Russia-Ukraine conflict in 2022, the U.S. and Europe excluded Russia from the SWIFT system, and the Russian Finance Minister stated that the country's enterprises have been using Bitcoin to bypass related restrictions.

first_img OpenAI announced significant progress on the Millennium Prize Problems

OpenAI stated to The New York Times that since announcing progress on the Navier-Stokes equations on September 8, it has made "substantial progress" on one of the Millennium Prize Problems, but did not disclose which specific problem it is or provide a timeline for disclosure. The Millennium Prize Problems are seven mathematical problems established by the Clay Mathematics Institute since 2000, each with a reward of one million dollars.Speculation suggests that the problem may be the Hodge Conjecture, a 76-year-old problem regarding how to calculate the number of "holes" in complex geometric shapes. OpenAI has not confirmed this speculation and has not responded to rumors that its underlying model is a version of Aeon specifically designed for long-duration tasks. Previously, on September 8, OpenAI announced that its unreleased internal model generated a proof verified by Lean, indicating that the Navier-Stokes equations could "blow up" to physically impossible infinite speeds, involving about 10,000 coordinated AI agents and taking approximately 88 hours.However, this statement has sparked controversy. New York University mathematician Tristan Buckmaster stated that he and Anthropic researcher Levent Alpöge had been working on the related proof for nearly a year prior and completed it on August 22, while OpenAI's Sébastien Bubeck published his findings first upon learning of it. OpenAI stated that it is not pursuing the one million dollar prize, but rather using these problems as a public benchmark to measure the speed of model progress. The review of the Navier-Stokes proof by the Clay Mathematics Institute is still ongoing, and verification of past Millennium Prize Problems typically takes several years.

first_img CoinShares researcher: Germany's cryptocurrency adoption is progressing well, while the UK has fallen behind

According to Cointelegraph, CoinShares crypto researcher Luke Nolan stated on the Chain Reaction program that cryptocurrency adoption in Germany is making "very good progress" through family offices, wealth management institutions, and younger investors, while the UK is "still very behind," mainly due to regulatory lag. Nolan pointed out that the UK's Financial Conduct Authority (FCA) only lifted the ban on crypto exchange-traded products less than a year ago, and its digital asset market is still in the "nascent" stage.In terms of relevant data, Germany currently has 89 licensed crypto asset service providers, accounting for 25.5% of the European Securities and Markets Authority (ESMA) MiCA registered companies; in June this year, Germany also ranked first in the EU with 57 authorized crypto companies.Meanwhile, Deutsche Bank stated on Wednesday that it is awaiting regulatory approval to launch crypto custody services for institutional clients in Europe, expecting to obtain a license in October; Landesbank Baden-Württemberg is also set to provide crypto custody services in April 2024 through a partnership with Bitpanda.In contrast, the FCA released final guidance on Wednesday clarifying when crypto activities need to be authorized and plans to open license applications on September 30, with the new system set to take effect on October 25, 2027.Additionally, the FCA issued stop notices on Thursday to three London locations suspected of assisting illegal peer-to-peer crypto trading; the UK Parliament approved regulations in February to bring digital assets under FCA regulation and finalized a package of rules in June.

Zhao Changpeng: This year has not been a good year for the crypto field, but the progress of RWA and stablecoins is unexpected

Zhao Changpeng appeared on the podcast "Meanders" and discussed the pressures, adaptability, and lifelong motivation in the cryptocurrency field. When talking about pressure, Zhao Changpeng stated, "I generally do not set goals; I just do my best. This year the market is not good, so the company's performance may decline, but I have tried my best, I did not slack off, and I did not make any major mistakes. I handle problems in the same way.""No matter how difficult the problem is, I just try my best to deal with it. I also believe in simulation theory; I believe this world is simulated, so it’s like a game. It is simulated, but that does not mean this game is unimportant. However, in this game, I just need to do my best; you try your best to handle it, and after handling it, you can only wait, just lie back and win."Zhao Changpeng mentioned the industry, saying, "As for blockchain itself, I think the improvement in performance is still too slow. But because Bitcoin upgrades slowly, it is particularly stable, which is also an advantage. So there are advantages and disadvantages. Many of the ideas we had in the early days had many implementations, many that were not implemented, and many unexpected things happened."Regarding RWA, he said, "Even a year and a half ago, I would have doubted whether RWA could succeed, but now it is growing very fast. To be honest, I might have had some doubts about stablecoins five years ago, wondering how long they could last; at that time, I did not fully understand them. Stablecoins have their own uses. So these things are all things we did not think of before."

SafePal updates on security incident progress: launching anti-phishing actions and will commission a third-party agency to review the order system

The cryptocurrency wallet project SafePal has released updates on the security incident, stating that it is continuously tracking phishing websites and impersonation accounts, and plans to introduce a professional anti-phishing security company to expedite the removal of malicious information to protect user asset security. SafePal mentioned that it is currently in the final selection process among four professional anti-phishing security companies, and once a partner is selected, it will further enhance the efficiency of handling threats such as counterfeit websites and scam accounts.The team is also continuously monitoring whether the affected data has been sold or made public, including channels such as dark web forums and trading markets. Once signs of data leakage are detected, affected users will receive risk alerts immediately. Regarding security audits, SafePal stated that it is in the final selection among three mature independent security institutions, which will conduct a comprehensive security review of the order system. Meanwhile, the team is reassessing the order and logistics processes to reduce the amount of data that needs to be stored in the initial phase of the system, thereby reducing potential risks from the source.For affected users, SafePal stated that it will continue to provide one-on-one assistance through official support channels and will keep updating the fraud protection page, providing updates on the incident, FAQs, and analysis of fraud cases. SafePal once again reminds users: the official will never ask users to provide their seed phrase. Users should not disclose their seed phrase to anyone, should not scan unknown QR codes or click on suspicious links, and should verify the source of information through official channels.
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