Tron hit with TransferFrom Zero Transfer attack
🚨SlowMist Security Alert🚨
— SlowMist (@SlowMist_Team) December 1, 2022
1/ According to the reports of many victims, transfers of 0 USDT from unrecognized addresses continued to show in the address transaction history of TRON network users, with the "TransferFrom" function being called in each instance. pic.twitter.com/eHns2k6tHb
2/ Clicking on a random transaction to view its details:
— SlowMist (@SlowMist_Team) December 1, 2022
This transaction is a call to the function "TransferFrom", which allows the address beginning with TCwd to transfer 0 USDT from the address beginning with TAk5 to an address starting with TMfh. pic.twitter.com/YhprPRyp3N
3/ This indicates that the culprit was the address beginning with TCwd. Let’s examine this address:
— SlowMist (@SlowMist_Team) December 1, 2022
Evidently, this address is calling "TransferFrom" multiple times every second. pic.twitter.com/8I4S6gOLa3
4/ Apart from TRON, we cannot help but worry if the same scenario would occur on the Ethereum network.
— SlowMist (@SlowMist_Team) December 1, 2022
So we ran a little test on the Ethereum network.
The test calls were successful, applying the same rule to the Ethereum network. pic.twitter.com/gOdQX148ZY
5/ If a user discovers a transaction record that is not his or her own, he or she may fear that his or her wallet has been compromised and he or she is in danger of downloading a fake App. If a user’s transaction history is “hijacked”, the user may copy the wrong address.
— SlowMist (@SlowMist_Team) December 1, 2022
Upcoming Binance announcements for the week
It's been another busy week at #Binance, with plenty of announcements to keep track of.
— Binance (@binance) December 2, 2022
🧵 Here's a thread to summarise.
#Binance Margin will delist $CVC & more margin pairs on Cross Margin & Isolated Margin.
— Binance (@binance) December 2, 2022
#Binance will support the @Filecoin $FIL Network upgrade & hard fork.https://t.co/Z3wWNf7QdY
— Binance (@binance) December 2, 2022
#Binance is launching a new batch of Cloud Mining products for #BTC mining!
— Binance (@binance) December 2, 2022
Users may now complete subscriptions to Cloud Mining products to purchase hashrates, and start accumulating mining rewards in their Funding Wallets.
➡️ https://t.co/EWOpDPIxgW pic.twitter.com/4z5W1emW9k
#Binance has completed the integration of USD Coin (USDC) on @AlgoFoundation network.https://t.co/VBmDZDKBxX
— Binance (@binance) December 2, 2022
Fan Token Fever: Enjoy 20% off interest rates when borrowing selected fan tokens & stand a chance to get a 1,000 #BUSD Flexible Trial Fund Voucher!
— Binance (@binance) December 2, 2022
➡️ https://t.co/bVXRfhrLXc pic.twitter.com/XkxJwOopTJ
#Binance will support the @irisnetwork $IRIS network upgrade.https://t.co/VBmDZDKBxX
— Binance (@binance) December 2, 2022
As part of our risk control measures, #Binance Cross Margin will temporarily suspend the transfer-in function for selected digital assets on December 3, at 12:00pm (UTC) until further notice.
— Binance (@binance) December 2, 2022
Trading and borrowing functions will operate as usual.https://t.co/gBngcN0Uk1
Introducing new fiat-to-token listings on #Binance via Credit/Debit Card.
— Binance (@binance) December 2, 2022
Users can now purchase $HFT, $OSMO and $QKC with major fiat currencies using credit/debit cards.
➡️ https://t.co/czXZdoSnEV pic.twitter.com/VzYgB88AGB
Why the ECB attack on Bitcoin is ’22’s most bullish event
Why the ECB attack on Bitcoin is '22's most bullish event
— Daniel Batten (@DSBatten) December 1, 2022
Until now, Central Banks like ECB have only attacked Bitcoin through their derivative products
For example:
DNB is a central bank. But it has never …
🧵 pic.twitter.com/gDjazyhTOw
attacked Bitcoin head on.
— Daniel Batten (@DSBatten) December 1, 2022
Instead it uses it's derivative product: Digieconomist, a website run by their employee Alex de Vries to make up data about Bitcoin
Because @guardian, @Bloomberg , @nytimes etc rely on this website, these media outlets are Central Bank derivatives… pic.twitter.com/DopO4ikwfF
Next 2 things happen
— Daniel Batten (@DSBatten) December 1, 2022
1. Environmental organisations (@Earthjustice, @SierraClub Club, @the_ecologist, @EWG etc) pick up these media narratives and start writing sensationalist anti-Bitcoin pieces
Their articles about Bitcoin are Central Bank Derivatives pic.twitter.com/QYV4cmZ57n
2a. Alt-coiners like Chris Larsen, Ripple partner with Central Banks to create their Central Bank Digital Currencies (CBDCs)
— Daniel Batten (@DSBatten) December 1, 2022
Chris Larsen and Ripple are now Central Bank Derivatives pic.twitter.com/fTJjNiSIZg
2b. These alt-coiners give substantial sums of money to environmental organisations (GreenpeaceUSA) to attack bitcoin via a "change the code" campaign run by @CleanUpBitcoin
— Daniel Batten (@DSBatten) December 1, 2022
The "Change the Code" campaign is a Central Bank Derivative pic.twitter.com/wyzTCMDQjj
2c. Environmental groups write articles & blogs eg: https://t.co/U5s7svZ4DM) citing other anti-bitcoin authors
— Daniel Batten (@DSBatten) December 1, 2022
>80% of those authors cite Digieconomist as their main source
Cited authors: CB Derivatives
The article: CB Derivative
The $ that paid for the article: CB Derivative pic.twitter.com/gMnHy2JDyx
All these derivatives come from the same source: DNB (a Central Bank)
— Daniel Batten (@DSBatten) December 1, 2022
The information economy is like the economy itself, you can create derivative products around an instrument that is toxic
Similarly, once people realise it is toxic, the whole information economy implodes
The reason Central Banks put anti-Bitcoin information into the information derivatives market is simple:
— Daniel Batten (@DSBatten) December 1, 2022
Bitcoin disintermediates them
IOW: the more people who use Bitcoin, the fewer Central Bankers we need
There are already 300M+ Bitcoin usershttps://t.co/pLBXC7angX
During The Occupy Movement, Central Bankers realised the risk people would wake up and see that our financial financial system had at its roots Central Bankers whose money-printing created wealth transfer from the poor to the rich. Those who caused the crisis were bailed out. pic.twitter.com/klHZg4aH71
— Daniel Batten (@DSBatten) December 1, 2022
At the same time, in response to these injustices, Satoshi Nakamoto created an open source alternative to central bank control controlled only by the consensus of the people:
— Daniel Batten (@DSBatten) December 1, 2022
Bitcoin
Stella Assange says "Bitcoin is the real occupy Wall St"https://t.co/b3gwZdoxDD pic.twitter.com/FTgROvLFDk
— Daniel Batten (@DSBatten) December 1, 2022
With these twin threats, what better way for Central Bankers to divert attention from their complicity in creating unstable economies that widened wealth gaps – than to feed private citizens information that caused them to attack its competitor pic.twitter.com/zeUk3RFoBF
— Daniel Batten (@DSBatten) December 1, 2022
The disrupted will always attack the disrupter using the most emotive issues of the day
— Daniel Batten (@DSBatten) December 1, 2022
They always start with indirect attacks, using direct attack only when the derivative attacks fail pic.twitter.com/IPbD9aBf5c
And the derivatives are failing (as I documented last month in this article)https://t.co/lM1Awt2O9g
— Daniel Batten (@DSBatten) December 1, 2022
So the fact that the ECB is now directly attacking Bitcoin means we have reached stage2 of the attack
— Daniel Batten (@DSBatten) December 1, 2022
This is a very positive signal for Bitcoin, as change in strategy signals that the derivatives attack is starting to fail, and the attacker knows it
Bitcoin is resilient. ECB's Bitcoin obituary was the 467th
— Daniel Batten (@DSBatten) December 1, 2022
Central Bankers on the other hand are vulnerable
They are the disrupted not the disruptor
the horse&cart not the car
the CD not the mp3
the newspaper not the Internet
History tells us what happens to them:
They lose pic.twitter.com/SMcGKPBRNJ
