if any of you retards suggest to use "muh old iphone" as an hardware wallet i'll go insane
Matrix retweeted
You are wasting your time and money getting an LLM to grind out stats on absolute rubbish. Measuring ATR and ranges and breakouts is not an edge. If you really want to make it in quant trading you need to upskill in math and stats and get a job [at a firm that just violently exploded] who will [not] teach you what an edge is, because they just violently blew up.
it happened again!
nitter.cf/gnosispay/status/18142…
Our Know Your Customer (KYC) service provider @Fractal_ID suffered a data breach on Sunday 14th July, 2024. While this breach affected just 0.5% of their user base, some of those affected included Gnosis Pay users.
We understand the inconvenience and distress this may cause you. We have contacted all those affected, who had already been directly notified by Fractal ID, to make them aware and provide additional details.
We would like to emphasize that no financial/card information was compromised, and the funds in your Gnosis Pay Safe remain secure and in your custody.
We’re building a new financial and payments infrastructure for the world. It's not an easy journey and, to ensure we comply with existing regulations, we need to work with external partners that help us build a product that delivers on our vision for the future.
Thank you to our early adopters and to all those supporting our unwavering commitment to building products of the highest security standards to drive a new revolution in finance. Our team is working urgently on a solution to ensure this doesn’t happen again. Your feedback is welcome, valued and we read every message.
Please do not hesitate to reach out to us at [email protected] for any query. We’re here to support you.
French Bank Credit Mutuel Arkéa Allegedly Identified as EU Financial Institution Exploited for $133M: ZachXBT
i love this internet arc
someone is mass deploying Offensive AI Agents.
hundreds of ARTEX instances are popping up across multiple VPS providers creating a potential distributed attack network.
the largest clusters are on 38.11.x.x (Cogent) and 172.245.x.x (ColoCrossing) with others on DigitalOcean, Vultr and Linode. some of these providers accept cryptocurrency payments.
an identical ETag (6acfa90c-39df) and Content-Length (14815) prove they are all dropping from the same Docker image or template.
vendors like Microsoft, CrowdStrike and AhnLab have already confirmed ARTEX in live attacks including against Korean financial institutions.
Matrix retweeted
Reminds me all too well of the Safe/Bybit hack. My only hot take: be careful with your hot takes. Security isn’t just about closing the one path that was eventually exploited - it’s about closing the millions of potential attack paths that may exist - at once.
AI is making both sides (offense&defense) more powerful and the consequences of being on the wrong side are becoming more expensive and unlike many other industries cybersec is fundamentally adversarial so every improvement in offensive capabilities creates new incentives to improve defense
it was obvious then and still obvious now, cybersecurity will be one of the industries whose strategic importance increases significantly because of ai
it has some very interesting decades ahead both as an industry and as an investment theme
Matrix retweeted
People are misunderstanding
The FIRST thing that happened was a devops laptop was compromised
Then A LOT of other shit happened
Then the hack happened
These are really skilled hackers. They navigate complex systems and get the access they need from a tiny toehold.
Matrix retweeted
The real risk with the Binance hack is not insolvency but the chilling effect it will have on the asset class.
Past hacks were viewed as isolated incidents. But in this case, the market will (imo correctly) assume that this is the first of many LLM-enabled exploits.
My non-crypto friends are already talking about Binance - it’s the biggest mainstream news coverage we've gotten in months. I don't see how instis will be able to justify additional investments into crypto under these conditions.
I am worried that this week's cybersecurity crisis is the beginning of a new bearish narrative for crypto.
The early version of this narrative was "AI breaks crypto" - a concern that cryptographic primitives used in major protocols would be broken by automated research.
At the time, I thought this fear was mostly overblown, and so far the market seems to have agreed.
However, a slightly different version now seems plausible: "AI breaks crypto exchanges."
There are hundreds of billions in digital assets sitting in the centralized custody of major exchanges. This is the juiciest target for hackers anywhere on the internet.
I think there is a high probability that in the next few months, a top ten exchange loses billions of dollars of customer assets.
If this happens, there will be a small immediate selloff as we've seen after past hacks. But it will also likely kick off a new narrative: that further hacks are only a matter of time, and that all assets on centralized exchanges are fundamentally insecure.
Crypto's best path through the coming months is to define itself *positively* with respect to AI - for example, "crypto is the financial layer for agents."
But if the main AI-related narrative that sticks to crypto is *negative* - like "crypto exchanges are the biggest losers in the cybersecurity apocalypse" - then we're in for a rough winter.