Adam Pak, CEO of CypherPunk and Blockstream, led to his account on the social media network X to comment on the last BYBIT penetration when the Stock Exchange lost Etharium worth $ 1.4 billion.
The prominent character in the encryption space and one of the leading candidates for Satoshi stated that the thing that allowed the infiltrators to succeed is the ETHEREUM (EVM) itself.
Evm rear back as a major cause of penetration
According to a tweet, Adam Pak seems to believe that the complexity of EVM and ETAREUM transactions was the main reason for infiltrators to drain the entire cold ETHEREUM wallets.
He stated that the governor of the devices, especially the Ledger Hww (the governor of the devices) with transactions on this Blockchain because of its complexity: “Hww is a very low force to explain and contain information to verify excessive textual programs in EVM and the state.”
He explained that in this particular case from bybit, the stock exchange was trying to send $ 100 million from ETAREUM from a cold wallet to a hot portfolio. However, due to the presence of a blind signature mechanism, infiltrators were able to process the ETH smart nodes and deplete $ 1.4 billion in ETH.
On Saturday, Back participated in his stuck on the BYBIT, saying that “Bitcoin’s hegemony rises” and ethereum and EVM as “complex, fragile, blind, unnecessary.”
Related
Bybit closes the gap in Eth Lost
Bybit was exploited on Friday and is believed to have been organized by the North Korean Korean Piracy Group Lazarus supported by the local government. As U.Today said earlier, many Bitcoin specialists, including the CEO of Jan3 Samson Mww, urged that VITALIK BUTERIN is to implement a decline in the ETHEREUM series to recover lost money – a similar case has already been in 2016 yet DAO penetrated at $ 60 when a million in ETH was stolen by infiltrators. This hardfork resulted in the appearance of Ethereum Classic (ETC).
However, the Ethereum team said that from the point of view of the Ethereum protocol, the treatment that drained the portfolio was legitimate like any other treatment on ETH.
Now, according to the BYBIT president, the stock exchange has completely closed the gap in moral liquidity.
