💥September Ended with HTX ~ $8 Million

HashingBits | Week- 40

In brief ⚡

• HTX (Formerly Huobi) Hit by $7.9 Million Hack, Justin Sun Reveals Response Amidst Crypto Losses

  

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Hacks and Scams⚠️

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Mixin Kernel

Amount of Loss:  ~ $8M

Analysis

• A $7.9 million hack on HTX (formerly Huobi) was announced by Justin Sun less than 12 hours after Mixin Network admitted to a $200 million loss.

• The loss was brushed off by Sun as insignificant in comparison to the $3 billion of assets held on the platform, with the stolen amount representing just two weeks' revenue for the exchange.

• The hack occurred shortly after Huobi rebranded to HTX, drawing comparisons to a similar situation involving SBF's now bankrupt exchange.

• Details of the attack vector are scant, and 4999 ETH ($7.9 million) was drained at 10 AM UTC on Sunday, with HTX securing the remaining 633 ETH (worth $1 million) over two hours later.

• Sun claimed to have identified the hacker, offering a 5% bounty and a job on-chain, with law enforcement to be informed after seven days; he also announced implementing real-time monitoring mechanisms to prevent such losses, raising questions about their absence given the exchange's substantial user assets.

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Explore the Depths of Knowledge: Research Papers, Blogs and Tweets🔖

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Tweets

1. Fuzzing Resources

2.  Yesterday, @VitalikButerin  published a new post addressing potential changes to Ethereum. The main objective is to decrease centralization and improve the protocol.

3. I studied 100 audit reports from @SoloditOfficial  on GAS consumption and published this blog

4. Understanding the refund logic in ReentrancyGuard

5. Many people have asked me about resources for learning mathematics for zero-knowledge proofs. Here's the Moonmath Manual created by Least Authority, which is specifically designed for ZKP.📚

GitHub Repos

1. smart-contract-auditing-heuristics 

Articles 

1. 🛡️ Unlocking the Power of Access Control Lists (ACL) Pattern in Smart Contracts 🚀

2. Manifold mevETH2 Audit

3.  zkUniswap: a first-of-its-kind zkAMM

4. EIP 7530: EVM Profiles to enable distributed sequencers for zk Rollups

5. Humanity: The Age Of AI

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Web3 Community Spotlight🔦

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This week, we explored a clever report from Maia DAO’s contest.

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