BREAKING: 🇬🇧 $1.3 Trillion UK bank Lloyds just settled a cross-border payment with Visa using stablecoins, allowing money to move 24/7. Traditional banking is moving onchain.

after some onchain sleuthing, i think this is what happened: 19 metamask validators had won block rewards, and 18 of the rewards were not paid to the correct fee recipient but instead to this tornado funded account: 0x98B9231de84334c1d48BA0b72CF13f92484924A3 ~17k validators proactively exited, ~523k eth total, unknown whether the attacker had the ability to change all fee recipients it appears that 3 of the exploited validators have not yet been exited, and that 821 potentially impacted validators in total have yet to exit, unclear why attacker only stole ~0.36 eth in rewards and likely never had the ability to withdraw any staked eth. however, depending on how the attacker managed to get signing access, they could potentially cause the validators to be intentionally slashed

Security Update: We are responding to a security incident affecting part of our infrastructure. At this time, we have identified no immediate threat to MetaMask wallets. As a precaution, we are proactively exiting affected validators within our non-custodial staking operations, in coordination with clients, partners and security advisors. We’ll share further updates as appropriate. metamask.io/news/user-update…

⚠️UPDATE: The Bitget hacker is now SWAPPING stolen ETH into BTC from the $387.5M exploit. Lookonchain flags the attacker has started rotating ETH into BTC, suggesting the stolen funds are being moved into a harder-to-freeze asset before further laundering attempts. This comes as Bitget resumes withdrawals in phases, adding that users will be fully covered whether the stolen funds are recovered or not.

Ok this Bitget investigation became just a little more complex 🤣🤣

🚨 BITGET HACKER CAN BE CAUGHT 🤯 The Bitget hacker reportedly withdrew $1.23 million worth of Ethereum from Binance. Now Binance can potentially help trace the identity of this hacker linked to the Lazarus Group. 👀

So far, we have identified the following addresses associated with the @bitget exploiter that still hold funds. We will continue to update this list. @GracyBitget @xiejiayinBitget @Bitget_zh docs.google.com/spreadsheets…

MORE: According to Bitget CEO, Gracy Chen, it looks like there was a security key that was hacked and was able to lead to false authentication of signing processes to transfer funds out of their hot wallet. Serious negligence on the part of Bitget for this size of capital not tightly secured. Feel bad for their team right now and hope they're able to quickly recover with the help of other exchanges or partners who can backstop this hole. You also wonder if AI had a part in this....