Holpop News

Amber Group investigated Wintermute’s $160 million market maker exploit and was able to fully replicate it.
The company said it recalculated the private address key Wintermute used and signed the transaction from the hacked Wintermute address, leaving a message in the chain to confirm the experiment.
In two days, Amber Group cracked Wintermute’s private key using a MacBook M1.
“We replicated a recent Wintermute hack. We figured out the algorithm to build the exploit. We were able to reproduce the private key on a MacBook M1 with 16GB of memory in less than 48 hours,” the company stated.
On Sept. 20, Wintermute was hacked for $160 million because of a Profanity vulnerability. Profanity’s tool allowed it to generate legible Ethereum addresses (vanity addresses) containing words, names or phrases.
The Amber Group explained that Profanity relied on a particular elliptic curve algorithm to create large sets of public and private addresses that had certain desirable characters. The Profanity tool created millions of addresses per second and looked for the right letters or numbers that users requested as user wallet addresses. However, the process used to generate these addresses was not random, and the private keys could be computed in reverse order using graphical processors.
“We figured out how Profanity splits the work on the GPU. Based on that, we can efficiently compute the private key of any public key generated by Profanity. We precomputed the public key table, then performed a reverse computation until we found the public key in the table,” the company concluded.

Technology company MicroStrategy has posted a position for a software engineer to create a Lightning Network-based SaaS platform.
The job posting says the software will provide companies with cybersecurity and e-commerce solutions.
The job description also states that the new employee will be tasked with building software in the DeFi area.

Spain’s largest telecommunications company Telefónica has allowed its customers to pay for purchases on its website using cryptocurrencies.
The service was launched thanks to a partnership with the Bit2Me exchange.
Representatives of Telefónica also said that they have invested in Bit2Me, but added that they would release details about it later.

Uniswap Labs, the company behind the development of the Uniswap protocol, plans to raise $100 million to $200 million at a valuation of $1 billion.
According to Tech Crunch, the new funding round is in the early stages of preparation.
Polychain and one of Singapore’s sovereign wealth funds are already participating in the deal.
Uniswap is the largest decentralized exchange (DEX) in the digital asset market, accounting for about 64% of all trading volumes.

Uniswap Labs, the company behind the development of the Uniswap protocol, plans to raise $100 million to $200 million at a valuation of $1 billion.
According to Tech Crunch, the new funding round is in the early stages of preparation.
Polychain and one of Singapore’s sovereign wealth funds are already participating in the deal.
Uniswap is the largest decentralized exchange (DEX) in the digital asset market, accounting for about 64% of all trading volumes.

According to Business Insider, in March, Sam Bankman Fried’s top advisor to FTX exchange CEO Will MacAskill contacted Ilon Musk and said that they were interested in buying Twitter. This was revealed through correspondence that was made public during Musk’s court hearing with Twitter.
Bankman-Fried was willing to invest between $8 billion and $15 billion. The amount was later adjusted to $5 billion.
MacAskill also met with Morgan Stanley representative Michael Grimes in April about the preparation of the deal.
Earlier, Elon Musk put forward an offer to buy Twitter for $44 billion, and the company’s management approved the deal. However, Musk claimed that he was provided with untruthful information on fake accounts. After that, Twitter sued Musk for deliberately disrupting the deal.

According to Bloomberg, asset management company BlackRock plans to launch an exchange-traded fund (ETF) with a focus on meta-universes.
The new fund is called the iShares Future Metaverse Tech and Communications ETF.
Similar ETFs were previously launched by Franklin Templeton, Invesco and Fidelity.

Binance has registered with the Ministry of Business, Innovation and Employment of New Zealand (MBIE).
This registration will allow Binance to legally offer NFT, spot trading and staking services.
The company also opened a local office in the country.

Judge Analisa Torres denied the SEC’s request to withhold documents in which former agency director William Hinman claimed that bitcoin and Ethereum are not securities.
Ripple Labs believes this statement is key evidence in the case the SEC brought against the company alleging that XRP is a security.
Earlier, Judge Sarah Netburn had asked the SEC to release documents related to Hinman’s speech, but the SEC filed an objection, stating that the materials were unrelated to the case.

NFT marketplace OpenSea has entered into a partnership with record label Warner Music Group.
According to a statement from Warner Music Group, artists who sign with the label will create their own pages on OpenSea where they will offer their collectible tokens.
“As a big music fan, I’m excited to work with a partner who understands the value of this technology and wants to use it for good – to give artists the ability to connect directly with fans,” said Shiva Rajaraman, OpenSea’s vice president of products.