Crypto Industry Targeted Attack | SOS FUD | Blockchain Origin - Merkle Trees | Community Content | SafeMoon Gaming - Community Day | Food For Thought | Blockchain News: Vitalik Predicts 3 Stablecoin Categories encourages Embracing real-world Assets - Ethereum’s Energy Switch Saves | SafeMoon Partners: Shido Finance - Mirror Protocol Reminders
Crypto Industry Targeted Attack
🚨Malicious hackers are coming up with more complex ways to steal, and they are targeting the cryptocurrency industry! A weaponized Excel file was found to contain an advanced 4-step process to allow the attacker to remotely take control of your device, but first, the actor goes through elaborate means to gain trust in hopes that once this infected file is shared, it is opened.
The threat actor posed as representatives of another cryptocurrency investment company, and in October 2022 invited the target to a different chat group and pretended to ask for feedback on the fee structure used by cryptocurrency exchange platforms. The threat actor had a broader knowledge of this specific part of the industry, indicating that they were well prepared and aware of the current challenge the targeted companies may have. - Microsoft Security Threat Intelligence
To lean more about the attack read this article.
SOS FUD
SafeMoon CEO John Karony and the SafeMoon Discord community teased about the recent misinformation around SafeMoon Orbital Shield.
"So the person logged into their account…But did it with extra steps? I mean do they not like the UI? There are easier ways to log into your own account…like just using the login screen." "If they don't like the UI, please submit the feedback to zendesk 🙂"
"I was given keys to a hotel room I booked and just like that, I was able to walk to the room. Serious security hole"
"I was able to get into my car using the key. Hax."
Community Content
Images
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SafeMoon Gaming - Community Day
It's Community Day for SafeMoon Gaming. They will be playing World of Warcraft at 3pm MDT! Wanna join? Click the SafeMoon Gaming logo below to hop into the Discord!
Food For Thought
If you do not spend time getting to know yourself, you will end up absorbing everyone else's conflicting ideas about you. Knowing who you are on a very deep & intimate level is the best way to protect yourself from internalizing disempowering opinions from others.
Go after your dream, no matter how unattainable others think it is.
- TrueFit
Blockchain Origin - Merkle Trees
The Merkle tree, which was conceptualized by Ralph Merkle of Stanford University in 1980, is frequently used in peer-to-peer (P2P) networks to address computing and memory space needs. It would not be an exaggeration to argue that Merkle trees contributed significantly to the success of blockchain technology.
Why are Merkle Trees Important?
Merkle Trees play a huge role in the efficiency of Blockchain Technology, Without Merkle Trees, the Blockchain verification & integral process of transactions would take up too much space and take far too long.
What is a Merkle Tree?
The Merkle tree is a type of binary hash tree with 3 different nodes: leaf nodes, non-leaf nodes, and root nodes. Merkle trees are helpful for maintaining and verifying transaction integrity in any decentralized ledger and are can be found in both the Bitcoin and Ethereum chains.
To read more about Merkle trees, take a look at this article or view the video below.
Blockchain News
Vitalik Urges DeFi to Embrace Real World Assets and Predicts Stablecoins Will Split Into 3 Groups
Vitalik Buterin is bullish on the integration of real-world assets into DeFi and stablecoins. He recently published a blog encouraging developers to explore blockchain-based assets tracking traditional financial instruments. Stablecoins are emerging as a popular on-chain monetary product.
There will likely be three types of stablecoins in the future:
centralized stablecoins
decentralized stablecoins
DAO-governed real-world-asset-backed stablecoins. [Source: TheDefiant]
Ethereum’s Energy Switch Saves as Much Electricity as Entire Ireland Uses
Ethereum, the world's second-largest crypto asset by market cap, has drastically changed its energy usage, saving a country-size proportion of power consumption.
This radical update most likely reduced the power consumption of the crypto network by 99.84 percent to 9.99 percent, according to a paper published by peer-reviewed data-science journal Patterns on Tuesday. [Source: Interesting Engineering]
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Shido Finance
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Mirror Protocol
"Through the Looking Glass w/ the #MProtocol Team!! This Thursday at 6pm pst "
