BTC falls below the $88000 mark

Coinbase has opened the spot trading pair for Morpho (ERC-20 token). Project Introduction: Morpho is an asset based on the Ethereum and Base networks. Please do not send this asset through other networks, or your funds may be lost.

Odaily Planet Daily News: WTF Academy founder 0xAA posted on X platform, saying that the reason why hackers are targeting Bybit's Safe multi signature wallet is speculated to be because Bybit's Safe cold wallet holds the highest amount of ETH, with over 400000 ETH. After Bybit was stolen, the top three ETH holdings in the Safe multi signature wallet are: 1. Bitfinex cold wallet: 310000 ETH; 2. Vitalik cold wallet: 2.4 million ETH; 3. Bandit hacker: 51000 ETH. The lesson from the Bybit hacking incident is: Don't put your eggs in a cold wallet.

Odaily Planet Daily News: SlowMist Cosine published an article on X platform stating that Safe was ultimately compromised, and indeed the smart contract part was fine (easily verified on the chain), but the front-end was tampered with and forged to achieve a deceptive effect. As for why it was tampered with, wait for the official details from Safe to be disclosed. Safe is considered a security infrastructure, and theoretically, anyone using this multi signature wallet could potentially be hacked like Bybit. All other user interaction services with front-end, API, etc. may have this risk, which is also a classic supply chain attack. The security management model for large assets needs a major upgrade.

BlockBeats News: On February 27th, Binance founder CZ posted on social media that he usually does not criticize other industry participants, but the incident report released by Safe uses vague language to cover up the problem. After reading, there are more questions than answers, including: ·What does' Destroy Safe {Wallet} Developer Machine 'mean? How did they crack this specific machine? Is it social engineering, viruses, etc? ·How can developer machines access "Bybit operated accounts"? Is some code deployed directly from this developer's machine to prod? ·How did they deceive Ledger verification steps among multiple signers? Is it a blind sign? Or did the signer not verify correctly? ·Is $1.4 billion the largest address managed by Safe? Why don't they target others? ·What can other self hosted, multi signature wallet providers and users learn from it?

Odaily Planet Daily News: According to official sources, DeFi platforms Ref Finance (DEX) and Burrow Finance (lending protocol) have merged to launch Rhea Finance, a blockchain abstract liquidity solution aimed at covering Bitcoin, NEAR, and other blue chip assets. By integrating the liquidity and practicality of the NEAR DeFi protocol, Rhea Finance will provide efficient funding pools and frictionless user experiences for diverse DeFi participants.