Daily Legal Evening News | OKX DEX suspected of being attacked this morning; Fusionist launches a airdrop mechanism called Nexus Bond.
Selected News:
1. Twitter is suspected to have a serious security vulnerability, which has now been fixed;
2. OKX DEX was suspected to have been attacked this morning, and the proxy address that was attacked has been removed;
3. Affected by the news of "Zhu Su will be released this month", OX rose by 10% in a short period of time;
4. Binance has submitted a new document and intends to reject the SEC lawsuit;
5. Fusionist has launched an airdrop mechanism called Nexus Bond, which will distribute nearly 5 million ACE tokens through airdrop.
Price Observation
Affected by news such as "Zhu Su will be released this month", OX rose by 10% in a short time.
On December 13th, according to market data, OX rose by 10% in a short period of time, currently trading at a price of 0.0137 USD, possibly influenced by the news of "Zhu Su to be released this month".
BlockBeats previously reported that according to insiders, Zhu Su appeared in court this Wednesday for a two-day hearing to answer questions from Teneo's lawyers, the liquidator of Three Arrows Capital. The lawyers requested details on how the fund went bankrupt and the whereabouts of its assets. According to the good behavior standard regulations, Zhu Su will be released this month.
FDUSD has a positive premium of about 0.5%, currently trading at 1.0056 US dollars
On December 13th, due to the launch of the 40th new coin mining on Binance and the use of BNB and FDUSD to mine Fusionist (ACE), FDUSD experienced a positive premium with a premium rate of approximately 0.5%, currently trading at 1.0056 US dollars.
Users can deposit BNB and FDUSD into the ACE mining pool on the Launchpad website after 08:00 on December 13th to receive ACE rewards. The mining period for ACE lasts for 5 days.
Transaction Tracking
Glassnode: Short-term BTC holders deposited over $2 billion worth of BTC into CEX yesterday
On December 13th, according to Glassnode data, BTC short-term holders (entities holding BTC for no more than 155 days) sent $1.93 billion worth of BTC to trading platforms on December 11th, and $2.08 billion worth of BTC on the following day. The last time the value of BTC transferred to CEX in a single day exceeded $2 billion was in June 2022, and the analysis suggests that this data was a market reaction to the impending collapse of CeFi platform Celsius. In addition, the daily trading volume on December 12th also reached the highest level since early July this year.
Ark Invest sold $11.5 million worth of Coinbase stock again this Tuesday.
On December 13th, according to The Block, Ark Invest sold 82,255 shares of Coinbase stock worth approximately $11.5 million from its three funds this Tuesday. Among them, Ark sold 65,297 shares of Coinbase stock ($9.1 million) from its Innovation ETF, 15,502 shares ($2.2 million) from its Next Generation Internet ETF, and 1,456 shares ($203,000) from its Fintech Innovation ETF. According to market data, Coinbase's stock price was $139.62 at the close on Tuesday, down about 2% in the past five days and up nearly 50% this month.某鲸鱼地址过去 24 小时从 Coinbase 提币 15,896 枚 ETH
Translation:A certain whale address withdrew 15,896 ETH from Coinbase in the past 24 hours.
On December 13th, according to Scopescan monitoring, a whale address starting with 0x597c withdrew 15,896 ETH (approximately $34 million) from Coinbase in the past 24 hours.
A certain whale address is selling LINK at a loss to repay its debt on Aave
On December 13th, according to Lookonchain monitoring, a whale address is selling LINK at a loss to repay debt on Aave. It is reported that the whale address bought 237,054 LINK (approximately $3.55 million) at a price of $14.96 between November 10th and December 2nd, and then sold 165,083 LINK (approximately $2.33 million) at a price of $14.15 in the past 4 hours. There are currently 71,979 LINK (approximately $1.02 million) remaining, with a total loss of approximately $190,000.
0xfa2 starting whale address withdrew 500,000 FTT from Binance
On December 13th, according to Spot on Chain's monitoring, a whale address starting with 0xfa2 withdrew 500,000 FTT (approximately $2.41 million) from Binance about 30 minutes ago. It is worth noting that due to FTX and Alameda holding about 76% of the total supply of FTT, the actual circulating supply of FTT is very small and easily manipulated by whale addresses.Glassnode: Short-term BTC holders deposited over $2 billion worth of BTC into CEX yesterday
On December 13th, according to Glassnode data, BTC short-term holders (entities holding BTC for no more than 155 days) sent $1.93 billion worth of BTC to trading platforms on December 11th, and $2.08 billion worth of BTC on the following day. The last time the value of BTC transferred to CEX in a single day exceeded $2 billion was in June 2022, and analysts believe that this data was a market reaction to the impending collapse of CeFi platform Celsius at that time. In addition, the daily trading volume on December 12th also reached the highest level since early July this year.
Project Updates
Arkham releases OKX DEX attack bounty program
On December 13th, Arkham announced on social media that it has created and funded a bounty to help identify the individual or organization behind the recent OKX DEX vulnerability attack. Today, a hacker used an abandoned OKX DEX market maker contract with management permissions to cause losses of over $2.7 million. The hacker is associated with multiple hacking activities including LunaFi, Uno Re, and RVLT. The bounty will be awarded to anyone who provides information that reveals the identity of the attacker or leads to the return of the funds.
The new isolated margin currency pairs include: AEUR/USDT, AVAX/FDUSD, MATIC/FDUSD, SEI/FDUSD, 1000SATS/USDT.
HashKey Exchange will launch SNX on December 15th
On December 13th, according to official sources, HashKey Exchange will soon launch the Synthetix token SNX and will open the SNX/USD trading pair for professional investors at 16:00 on December 15th, 2023.
On December 13th, according to an official announcement, OKX Web3 wallet's DeFi section exclusively launched the Lybra interest rate promotion, with a total prize pool of 40,000 LBR. From December 11th, 2023 at 18:00 to February 9th, 2024 at 18:00 (UTC+8), users can complete a triple interest rate promotion, with a maximum additional APR of 12%. First, by staking ETH to Lido, users can receive an additional maximum of 3% APR. Then, by using LybraFinance to mortgage stETH to mint eUSD, users can receive an additional maximum of 4% APR. Finally, by staking Curve LP eUSD-3CRV to Lybra, users can receive an additional maximum of 5% APR. In addition, users can also stake Curve LP peUSD-USDC.e to Lybra and receive a maximum additional 5% interest rate promotion.
It is reported that the participation method for this event is very simple. Users can connect their wallets or create new OKX Web3 wallets, enter the DeFi page, search for the Lybra Finance V2 protocol, choose the Mint eUSD investment product, and mint eUSD to receive additional interest subsidies. Alternatively, users can search for eUSD or peUSD, choose Multi-Coin Earn, click on Curve LP eUSD-3CRV or Curve LP peUSD-USDC.e and subscribe to receive additional interest subsidies.
On December 13th, according to official sources, Binance will open FIDA/TRY, INJ/FDUSD, IOTA/TRY, MEME/ETH, SAND/FDUSD, and SHIB/FDUSD spot trading pairs at 16:00 on December 14th, 2023 Beijing time. At the same time, trading robot services will be added for BLUR/USDT, JTO/USDT, and VANRY/USDT trading pairs.
On December 13th, according to official sources, Binance will open FIDA/TRY, INJ/FDUSD, IOTA/TRY, MEME/ETH, SAND/FDUSD, and SHIB/FDUSD spot trading pairs at 16:00 on December 14th, 2023 Beijing time. At the same time, trading robot services will be added for BLUR/USDT, JTO/USDT, and VANRY/USDT trading pairs.
On December 13th, according to feedback from community users, OKX DEX was suspected to have been hacked earlier today, with a large amount of funds transferred to the hacker's address 0x1f14e38666cdd8e8975f9acc09e24e9a28fbc42d. The stolen wallet authorizations all point to OKX DEX, and about an hour ago, OKX removed the proxy address that was attacked by the hacker. In response to this attack, security company SlowMist stated that they are following up and analyzing the situation.
SlowMist: OKX DEX attacked or private key leaked, the leaker has been removed from the trusted list
On December 13th, according to SlowMist's report, there appeared to be an issue with the OKX DEX contract this morning. After analysis by SlowMist, it was discovered that when users exchange, they will authorize the TokenApprove contract, and the DEX contract will transfer the user's tokens by calling the TokenApprove contract.
There is a "claimTokens" function in the DEX contract, which allows trusted DEX proxies to call it. Its function is to transfer authorized user tokens by calling the "claimTokens" function of the TokenApprove contract. Trusted DEX proxies are managed by the Proxy Admin, and the Proxy Admin Owner can upgrade the DEX Proxy contract through the Proxy Admin.
Proxy Admin Owner upgraded the DEX Proxy contract to a new implementation contract through Proxy Admin on December 12, 2023 at 22:23:47. The new implementation contract directly calls the claimTokens function of the DEX contract to transfer tokens. Subsequently, the attacker began calling the DEX Proxy to steal tokens. The Proxy Admin Owner upgraded the contract again on December 12, 2023 at 23:53:59, with similar functionality to the previous upgrade, and continued to steal tokens after the upgrade. As of now, the profit is approximately 430,000 U.
This attack may be due to the leakage of the Proxy Admin Owner private key. Currently, the DEX Proxy has been removed from the trusted list.
OKX responds to DEX attack: has been fixed and will compensate for all lossesOn December 13th, it was verified that this incident was caused by the theft of management permissions for a discontinued and abandoned OKX DEX market maker contract. 18 addresses authorized for this contract had their assets transferred.
The affected contract has been discontinued and all user assets have been confirmed safe. The total loss of user assets due to this incident is approximately $370,000, and the platform will compensate affected users as soon as the statistics are completed. At the same time, the platform will initiate legal proceedings to recover the losses. Subsequently, the platform will conduct a security self-inspection, reorganize all relevant abandoned contracts to avoid similar incidents from happening again. We apologize for any inconvenience caused.
Bitget will launch the MUBI/USDT trading pair at 15:00 today.
On December 13th, Bitget announced the launch of the MUBI/USDT trading pair on the innovation zone. The deposit channel will be open at 13:00 and the trading channel will be open at 15:00 (UTC+8).
Bitget has launched JITO perpetual contract with maximum leverage of 50x
On December 13th, Bitget announced the launch of JITO (JTO) U perpetual contract, with a maximum leverage of 50 times. As of the time of writing, JTO is currently priced at 2.7676.
Financing Express
On December 13th, according to official sources, Enphyr, an Ethereum Layer 2 project, completed a seed round of financing worth $1 million with a valuation of $10 million. The round was led by Waveslab Ventures with participation from several individual investors.
It is reported that the 400 projects and diverse ecosystem on Mocaverse will have direct access to OKX's X1 through this partnership, integrating decentralized applications (dApps) onto the network and sharing them with OKX's global user base of over 50 million. OKX and Animoca Brands aim to establish a synergistic effect between X1 and the Mocaverse ecosystem through this collaboration, supporting the developer community and encouraging participants to build on X1.
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