Daily Report | Unibot suffers nearly $600,000 in losses from attack; Web3 security company Stelo Labs, led by a16z, announces termination of services

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2023-10-31 19:20:09
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Lightning Network Taproot Assets ecosystem Nostr Assets has launched its first token airdrop; Gitcoin Round 19 donation campaign is now open for applications.

整理:flowie,ChainCatcher


"What Important Events Happened in the Last 24 Hours"

1. Unibot Attacked, Vulnerability Issue Not Fully Resolved

According to ChainCatcher, this afternoon, a prompt from snailnews indicated that Unibot may have been attacked, urging users to pay attention to security. On-chain data shows that it has currently lost nearly 200 ETH.

Subsequently, the official Unibot X account responded, stating: "We encountered a Token approval vulnerability in our new router and have paused our router to contain the issue. Any funds lost due to errors in our new router will be compensated. Your keys and wallets are safe. We will release a detailed response after the investigation is complete."

However, PeckShield Alert later tweeted that the Unibot of wallet 0xA6C9…90fB was drained, and more Unibot was purchased in the same vulnerable wallet and drained again. Please revoke authorization for the Unibot contract (0x126c9FbaB3A2FCA24eDfd17322E71a5e36E91865) as soon as possible. (Source link)


2. Bitcoin White Paper Marks 15th Anniversary, Up Over 43 Million Times Since Release
According to ChainCatcher, Satoshi Nakamoto published the Bitcoin white paper "Bitcoin: A Peer-to-Peer Electronic Cash System" on the P2P foundation website, marking its 15th anniversary.
On January 3, 2009, at 6:15 PM, the Bitcoin genesis block was generated on a small server in Helsinki, Netherlands, marking the official birth of Bitcoin. The early trading price of Bitcoin was $0.0008. If calculated at the historical peak price of $68,789, Bitcoin has risen over 43 million times since then. As of the time of writing, the current Bitcoin price is $34,356.

3. Nansen: FTX Transfers $156 Million in Crypto Assets in the Last 3 Days
According to ChainCatcher, Nansen statistics show that in the last 3 days, FTX funds continued to transfer to exchanges, including 695,000 PERP ($423,000), 767,000 BICO ($182,000), 833,000 KNC ($616,000), 108 million TRU ($420,000), 138,000 BAND ($221,000), 2.5 million GRT ($273,000), 845 MKR ($1.17 million), 7.16 million RNDR ($1.78 million), 10.5 million USDC, 23,000 MATIC ($15,000), 9.5 million REN ($500,000), and 1.1 million ETH ($2 million). Additionally, 1.6 million SOL ($57.6 million) began the unstaking process yesterday. At the time of writing, these funds have not yet left the wallet, but if they start transferring, the total amount of SOL transferred by FTX will approach $90 million.

Including the unstaked SOL and new assets transferred to Coinbase and Binance, the total amount of new funds transferred by FTX is now $156 million. (Source link)


4. Lightning Network Taproot Assets Ecosystem Nostr Assets Issues First Token Airdrop
According to ChainCatcher, the Lightning Network Taproot Assets ecosystem Nostr Assets announced via tweet that the Taproot Assets mainnet has launched Nostr Asset.

Additionally, Nostr Assets announced that the first Taproot Assets token airdrop will be conducted in a Halloween style. If you have participated in recent Nostr activities, you may have eligible Nostr addresses.

However, it is important to emphasize that these tokens are only for testing, trial, or entertainment purposes and do not possess intrinsic value and should not be considered financial instruments or investments.

To prevent risky behavior, some restrictions have been implemented at this stage.

It is reported that Nostr Assets is an open-source protocol that brings Taproot assets and Satoshis (units of Bitcoin) into the Nostr ecosystem. Once assets are introduced, users can send and receive them using Nostr's public and private keys at the Nostr protocol layer. The settlement and security of the assets still rely on the Lightning Network, while the Nostr asset protocol itself does not issue assets but merely brings assets into Nostr through the protocol. (Source link)


5. Gitcoin Round 19 Donation Campaign Now Open for Applications
According to ChainCatcher, Gitcoin announced that applications for Gitcoin Grants Round 19 have officially opened today and will close on November 8. (Source link)


6. SSV Network Community "Mainnet Incentive Program" Proposal Open for Voting, Ends November 7
According to ChainCatcher, the SSV Network community's "Mainnet Incentive Program" proposal is now open for voting, currently with a support rate of 100%, and will end on November 7. The proposal aims to create an incentive layer for the running SSV mainnet, stimulating DVT adoption and the growth of the SSV network by rewarding participants operating on the SSV network in the coming year.

The program will run from epoch 232538 (approximately October 1, 2023, 12:03 UTC) for 1 to 12 months until epoch 314887 (approximately September 30, 2024, 11:57 UTC). Each validator on the mainnet will receive SSV token rewards based on a tiered reward system (as shown below), with the rewards being minted by the DAO. (Source link)


7. Web3 Security Company Stelo Labs, Backed by a16z, Announces Termination of All Product Services
According to ChainCatcher, Web3 security company Stelo Labs announced that it will terminate all Stelo product services on October 31, 2023, including the Stelo plugin, stelo.com, approvals.xyz, and Stelo API. Stelo stated that when it began researching Stelo, it "hoped to address the hard technical and design issues surrounding security and usability, but after building the Stelo product suite for a year, it realized that many of the assumptions made earlier turned out to be incorrect, such as transaction security generating data network effects," "every cryptocurrency user would have a separate wallet," and "consumer cryptocurrency adoption was just around the corner."

Stelo Labs stated that it will share more plans in the coming weeks. According to crypto data platform RootData, Stelo Labs completed a $6 million seed round of financing in February 2023, led by a16z. (Source link)


8. OPNX Co-Founder Makes Tender Offer to CoinFLEX Creditors: Offering 25% Equity and 1 Billion OX
According to ChainCatcher, Open Exchange (OPNX) co-founder Mark Lamb issued an open letter to CoinFLEX creditors making a tender offer, where accepting creditors will collectively receive 25% equity in OPNX and will be allocated OX based on the size of their claims.

Additionally, CoinFLEX creditors accepting this offer will collectively receive 1 billion OX through their OPNX accounts or through automated DeFi platforms like LlamaPay in a trustless manner, exercisable over 10 years. The first 50% of creditors accepting the offer will receive 2/3 of the OX allocation, distributed proportionally based on the size of their claims, while the remaining 50% of creditors will receive 1/3 of that allocation, also distributed proportionally based on the size of their claims. (Source link)


9. Federal Reserve to Announce Latest Interest Rate Decision on November 2, with 98.4% Probability of Keeping Rates Unchanged
According to ChainCatcher, based on CME FedWatch: The probability that the Federal Reserve will keep interest rates unchanged in the 5.25%-5.50% range this week is 98.4%, while the probability of a 25 basis point increase to the 5.50%-5.75% range is 0.0%. The probability of maintaining rates unchanged until December is 74.5%, while the cumulative probability of a 25 basis point increase is 24.3%, and the cumulative probability of a 50 basis point increase is 0.0%.

The Federal Reserve will announce its interest rate decision for the U.S. as of November 1 at 2:00 PM on November 2. (Source link)

"What Interesting Articles Are Worth Reading in the Last 24 Hours"

  1. Vitalik's Latest Long Article: Sorting Out the Differences Among Various L2s

In his latest blog post, Vitalik discusses his understanding of various L2s. He states that the ZK-EVM rollup ecosystem represented by StarkNet, Arbitrum, Optimism, and Scroll is progressing rapidly and continuously improving its security. Some teams are also building sidechains while starting to develop rollup solutions (like Polygon), and some L1 projects are attempting to move towards validity verification (like Celo), along with entirely new attempts (like Linea, Zeth…). However, one inevitable result is that we see L2 projects tending to become more heterogeneous.

Additionally, he emphasizes the complex trade-offs between rollup solutions, validiums (validity verification), and other systems for specific applications, and which one is reasonable for them.


  1. Crypto Company Edition: Startups Should Begin with "Dumb" Things That Can't Be Scaled

Exactly 10 years ago, Paul Graham wrote an article titled "Do Things That Don't Scale," which is one of the most important articles Y Combinator has released for the startup community. Its core idea is that startups in the early stages must: 1) Manually recruit users; 2) Provide extraordinary experiences for users manually. These things are rarely done by large companies, thus considered "dumb" things that cannot be scaled.

Since founding AllianceDAO three years ago, AllianceDAO has been pondering whether this advice applies to crypto startups. After three years and nearly 200 startups, AllianceDAO has enough data points to answer this question.


  1. How to Objectively View the Technological Innovations and Challenges in the Bitcoin Ecosystem?

Recently, a series of projects have emerged around technological innovations such as Ordinals, the Lightning Network, Taproot Assets, and the RGB protocol. Whether through narrative overflow or technological breakthroughs, explorers, speculators, and critics surrounding the Bitcoin ecosystem have coexisted. So, how should we objectively view the current state and future of the Bitcoin ecosystem? Crypto KOL Haotian provides a brief analysis.

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