Rhythm Evening News｜A list of important information in the crypto industry on July 18

WazirX stolen assets involve more than $100 million worth of SHIB, $50 million worth of ETH, etc.

BlockBeats news, on July 18, according to Lookonchain monitoring, the Indian crypto trading platform WazirX had about $230 million in stolen assets, mainly involving:

5.43 trillion SHIB (about $102 million);

15,298 ETH (about $52.5 million);

20.5 million MATIC (about $11.24 million);

640.27 billion PEPE (about $7.6 million);

5.79 million USDT;

135 million GALA (about 3.5 million US dollars), etc.

Currently, hackers are selling these assets, please pay attention to market fluctuations.

The reason for the attack on WazirX may be the leakage of the administrator's private key

BlockBeats news, on July 18, according to Beosin Alert detection, the early warning found that the Indian trading platform WazirX was attacked. The attacker obtained the signature data of the administrator of the multi-signature wallet of the trading platform, modified the logical contract of the wallet, and made the wallet execute the wrong logic to steal assets.

Attacker address: 0x6eedf92fb92dd68a270c3205e96dccc527728066;

Attacked address: 0x27fd43babfbe83a81d14665b1a6fb8030a60c9b4.

Based on the attacker's attack behavior, it is speculated that the cause is the leakage of the administrator's private key of the multi-signature wallet. Beosin briefly analyzes the cause of the attack as follows:

1. The attacker deployed the attack contract: 0x27fd43babfbe83a81d14665b1a6fb8030a60c9b4. The function of this contract is to extract the token assets specified by this contract

2. The attacker obtains the signature data of the WazirX multi-signature wallet administrator and modifies the wallet's logical contract to the deployed attack contract. The corresponding transaction is: https://etherscan.io/tx/0x48164d3adbab78c2cb9876f6e17f88e321097fcd14cadd57556866e4ef3e185d3. The attacker submits a token extraction transaction to the WazirX multi-signature wallet. Due to the proxy mode mechanism, the wallet contract will use delegatecall to call the relevant functions of the attack contract and transfer the wallet tokens.

Liquidswap announces LSD token economics, community allocation accounts for 40%

BlockBeats news, on July 18, Aptos ecosystem DEX and wallet application Pontem Network officially announced that Aptos ecosystem AMM trading platform LiquidSwap DAO token LSD will be listed on July 30.

42 million LSD will be minted in the Genesis phase and gradually unlocked within 3 years. DAO can also set the issuance volume for economic growth. The initial distribution is as follows: 15% for airdrops + staking incentives; 16% for the treasury, unlocked in 36 months; 8% for trading platform liquidity; 1% for IEO; 13.26% for the founding team, with a 1-year cliff period and an overall vesting period of 3 years; 25.25% for private investors in 2021; 21.49% for private investors in 2023.

ether.fi Foundation: ETHFI token staking function is now online

BlockBeats news, on July 18, the ether.fi Foundation issued an announcement stating that it has written a description of current and future functions to enhance the practicality, market dynamics and user engagement of the ETHFI token. The following measures have been implemented:

· ETHFI token repurchase plan: Starting last month, the ether.fi Foundation announced that it will allocate 50% of the protocol’s monthly income to repurchase ETHFI tokens and provide liquidity (LP);

· Stake ETHFI for more rewards: Users can now stake their ETHFI tokens to earn additional project rewards while supporting the stability and security of the ether.fi protocol;

· Enhanced liquidity pool;

· Governance proposal voting;

· Cross-chain L2 claims through Wormhole.

ether.fi: Season 2 ETHFI claims are now online

BlockBeats news, on July 18, the ether.fi Foundation officially announced that its Season 2 ETHFI claims are now online.

Polygon plans to convert MATIC to POL on September 4

BlockBeats reported on July 18 that Polygon's mainnet upgrade is scheduled for September 4, 2024. After community approval, its native token will be converted from MATIC to POL.

The testnet migration launched on July 17 aims to identify and resolve potential issues before the mainnet upgrade. After the upgrade, POL will replace MATIC as the main token for blockchain gas fees and staking.

Sei Foundation Launches $50 Million Japan Ecosystem Fund

BlockBeats News, July 18, according to official news, Sei Foundation announced the launch of a $50 million Japan Ecosystem Fund, which will initially focus on Web3 games, social and entertainment applications.

TON Foundation to Launch TON Teleport, Aims to Connect Bitcoin to TON Ecosystem

BlockBeats News, July 18, TON Foundation announced the launch of the ecological infrastructure project TON Teleport, which allows users to transfer ("inbound peg" and "outbound peg") BTC between the Bitcoin blockchain and TON without relying on central institutions. A trustless system will be used to improve security and autonomy, ensuring transactions are transparent and free from external control.

The TON Teleport BTC process is trustless and transparent, and operates without a centralized issuer. Every BTC on TON will be 100% backed by actual BTC and pegged through the teleport process, ensuring that transactions are safe and secure.

The system automates all operations from verification to confirmation through network validators and smart contracts, eliminating the possibility of human error, censorship, or fraud. TON Teleport BTC will significantly promote the DeFi sector within the TON blockchain by allowing new Bitcoin-based financial mechanisms and products such as DEX, lending platforms, and advanced wallet services.

Santiment: The decline in the number of BTC holding addresses may lead to a stronger rebound

BlockBeats news, on July 18, the crypto market research organization Santiment said that the number of Bitcoin wallet addresses holding BTC has been declining over the past month, but this may be good news for investors.

It is reported that the number of addresses with a balance greater than zero has decreased by 672,510 in the past month. Santiment said that traders may think that the historical high in March "is the highest level that can be achieved in 2024", but there is usually a rebound after the sell-off. Although the market rebounded to $65,000 this week, the number of coin holding addresses has not rebounded. When such a large-scale liquidation occurs, the possibility of a sustained rebound is increasing.

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