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Zhao Changpeng: Proposing to suspend withdrawals is a prudent move, Bybit CEO makes the best decision based on the situation

ChainCatcher message, Binance founder Zhao Changpeng expressed detailed views on the recent hacking incident, "We have observed a pattern where hackers are able to steal large amounts of cryptocurrency from multi-signature 'cold storage' solutions. Exchanges like Bybit, Phemex, and WazirX have all encountered similar situations. In the recent Bybit case, hackers were able to make the front-end user interface display legitimate transactions, while the actual signatures pointed to another transaction. For other cases, based on limited information, it seems that similar methods were employed.What is even more concerning is that the affected exchanges used different multi-signature solution providers. The hacker organization Lazarus Group has demonstrated extremely advanced and widespread infiltration capabilities. It is still unclear whether the hackers successfully infiltrated multiple signing devices, the server side, or both were compromised.Some have questioned my previous suggestion to pause withdrawals as a standard security precaution (a tweet I posted while on the shuttle bus to the airport). My intention was to share a practical approach based on experience and observation, but there is no absolute right or wrong in this practice. My guiding principle has always been to lean towards the safer side. After any security incident, all operations should be paused to ensure we fully understand what happened, how the hackers infiltrated the system, which devices were compromised, and only after triple-checking for safety should we resume operations.Of course, pausing withdrawals may trigger more panic. In 2019, after a significant hacking incident of $40 million, we paused withdrawals for a week. When we resumed withdrawals (and deposits), the deposit volume actually exceeded the withdrawal volume. This does not mean that this method is better; each situation is different and requires judgment. I tweeted to share potentially effective practices, intending to express support in a timely manner. I believe Ben made the best decision based on the information available.Ben maintained transparent communication and a calm demeanor while handling this challenging situation. This stands in stark contrast to other CEOs lacking transparency, such as those from WazirX, FTX, etc.The cases mentioned here are all different. FTX is a case of fraud, and as for WazirX, I will refrain from commenting due to ongoing litigation.Most importantly, we should never take security for granted. It is essential to understand security knowledge so that you can choose the right tools for your needs. To this end, I will share an article I wrote a few years ago. Although some parts may be outdated, the basic concepts still apply. Stay safe (SAFU)!"

Opinion: Decentralized AI is changing due to Deepseek, and AI models developed based on a complete Web3 AI stack are expected to emerge one after another

ChainCatcher news, the Pando Fund released a research report titled "Decentralized AI Changed by Deepseek," which points out that the narrative of decentralized AI is continuously reshaping. Web3 AI companies can focus on replicating DeepSeek's success while offering new advantages such as multimodality, user ownership, censorship resistance, and privacy. It is expected that the number of projects on the supply side will continue to grow, while consumer-facing projects will begin to compete with Web2 counterparts by building community-participated networks. In the coming year, AI models developed based on a complete Web3 AI stack will emerge one after another.In addition, companies combining AI and crypto are gradually adjusting their strategies to focus on infrastructure building rather than model development. For example, companies in the GPU market like Akash, Render, IoNet, and Exabits have developed sustainable revenue models. Meanwhile, businesses like Grass and Gradient, which allow users to share network bandwidth, have found their market positioning by providing distributed network services to Web2 clients. In inference tasks, the performance gap between small models and large models is narrowing, which means that Web3 does not need to rely on the massive computing power of traditional AI giants and can utilize these streamlined models for efficient inference operations. As this trend develops, we may see more inference endpoints driven by decentralized computing networks in the future.

Sun Yuchen: The combination of AI and blockchain has enormous potential, and AI products based on DeepSeek will be launched soon

ChainCatcher news, Huobi HTX global advisor and TRON founder Justin Sun was invited to attend the Hong Kong Consensus Conference's roundtable forum themed "Unlocking DeFi for the Masses: A Dialogue with World Liberty Financial and TRON." He stated that over the past five years, the entire crypto industry has spent a significant amount of time and effort to integrate into the mainstream financial world. The role of WLFI in connecting traditional finance with cryptocurrency and the Trump administration's supportive stance on cryptocurrency are what the industry needs, which is why the collaboration with WLFI has been swift and smooth.Regarding the current Meme market, Justin Sun mentioned that Meme coins are the future of cryptocurrency but need to be operated in the right way. "Recently, we have seen some Meme coins experience significant price drops, one reason being that they were not launched in the correct manner. The most successful Meme coins, such as Dogecoin and Shiba, have developed from communities rather than being overvalued at launch. Currently, many Meme coins are being launched at high valuations through VC investments, leading to price crashes and a loss of market trust."Justin Sun also revealed future development plans during the forum:The decentralized stablecoin USDD currently has a market value of $200 million, with plans to double its market value in the short term. Meanwhile, it will continue to offer a high yield return of 20%, with ongoing monitoring and optimization.The potential for the combination of AI and blockchain is enormous, with plans to launch an AI product based on DeepSeek in Q2 2025.
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