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05:02
Researcher: Recent surge in Ethereum activity may be related to address poisoning attacks
According to Odaily, the recent surge in Ethereum network activity may be related to address poisoning attacks that exploit low gas fees. In the week of January 12, 2.7 million new addresses were created, a 170% increase over the usual level, with daily transaction volume exceeding 2.5 million. The Fusaka network upgrade in December reduced transaction fees by more than 60%, lowering the cost of such large-scale spam attacks. Currently, 3.8 million addresses have received such dust assets in their first transaction, accounting for 67% of new addresses. So far, 116 victims have lost more than $740,000 as a result.
05:01
Paradex rollback timeline: Database migration error leads to large-scale liquidations, exposing centralization risks in Perp DEX
BlockBeats news, on January 20, Starknet ecosystem Perp DEX Paradex announced temporary maintenance yesterday. After the expected maintenance completion time passed, the protocol was still not online. At this time, there were rumors in the community that the protocol had encountered a major vulnerability, and some users' perpetual contract trades were forcibly liquidated due to abnormally high funding rates. At around 15:00, Paradex officially announced that due to database maintenance/migration issues, the system experienced an outage (including abnormal BTC price dropping to zero and triggering a large number of forced liquidations). The chain state would be rolled back to block 1604710 (UTC time 04:27:54), which is the state before the database maintenance and currently the last known correct state. The Paradex official website finally resumed operation at 20:13 last night. The crypto community raised widespread doubts and criticisms about Paradex's rollback, questioning the "reliability" of on-chain DEXs, especially the security and true decentralization of L2 architecture Perp DEXs. Some community members believe that Perp DEXs may have been a "wrong product form" from the start, as centralized control often reappears under the guise of "system repair" in extreme situations. The view of Solana community member chase.skr received widespread support. He stated that Solana's more decentralized validator set has ensured that the chain has never been rolled back, updated, or shut down without permission due to hacker attacks or fund forks. Consensus is necessary, centralized control in blockchains is harmful, and whether the "D" in DEX is truly decentralized is worth reconsidering.
04:56
New York gold futures first surpass $4,700
PANews reported on January 20 that New York gold futures surged to $4,700 per ounce, reaching a historic high with a daily increase of 2.28%. Spot gold is currently quoted at $4,692.9 per ounce.
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