billion dollars

Slow Fog: If Bybit upgrades the Safe contract to version 1.3.0 or higher and implements an appropriate Guard mechanism, it may avoid the theft of 1.5 billion dollars in assets

ChainCatcher message, Slow Mist stated that on February 21, 2025, Bybit's on-chain multi-signature wallet was targeted and breached, with nearly $1.5 billion in assets quietly lost through a transaction with a "legitimate signature." Subsequent on-chain analysis revealed that the attacker gained multi-signature permissions through sophisticated social engineering attacks, implanted malicious logic using the delegatecall function of the Safe contract, and ultimately bypassed the multi-signature verification mechanism to transfer funds to an anonymous address. "Multi-signature" does not equal "absolute security"; even a secure mechanism like the Safe multi-signature wallet can still be at risk of being compromised if lacking additional protective measures.Bybit is using version v1.1.1 (<1.3.0) of the Safe contract, which means they cannot utilize the Guard mechanism, a key security feature. If Bybit had upgraded to version 1.3.0 or higher of the Safe contract and implemented an appropriate Guard mechanism, such as specifying a whitelist address for receiving funds and conducting strict contract function ACL verification, they might have been able to avoid this loss. Although this is merely a hypothesis, it provides important insights for future asset security management.

Buffett's Shareholder Letter: Will always invest the vast majority of funds in stocks, last year the value of traded stocks held fell to 272 billion dollars

ChainCatcher news, according to Jinshi reports, Buffett published his annual shareholder letter, in which he mentioned that the value of tradable stocks held last year decreased from $354 billion to $272 billion, but the value of non-listed equity holdings increased and remains far above the value of the tradable stock portfolio. We will always invest the vast majority of their funds in stocks—mainly U.S. stocks, although many of these companies have significant international operations. Berkshire will never be more inclined to hold cash equivalents and give up holding equity in quality businesses, whether controlling or partial stakes.In 2024, Berkshire's performance exceeded expectations, despite 53% of its 189 operating companies reporting a decline in earnings. Due to the increase in U.S. Treasury yields, there was a significant increase in holdings of these highly liquid short-term securities, resulting in a foreseeable substantial increase in investment income.Berkshire has been continuously increasing its borrowings denominated in yen, but not following any fixed pattern. All borrowings are at fixed rates, with no "floating rate" borrowings. There is no forecast for future foreign exchange rate trends, thus striving to maintain a nearly neutral position in terms of currency.
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