Evening News | Ethereum Launches Zhejiang Testnet; BonqDAO Hacked with Losses of 88 Million USD

整理：润升，ChainCatcher

"What Important Events Happened in the Last 24 Hours"

1. BonqDAO Contract Vulnerability Attack Resulting in $88 Million Loss

According to The Block, the non-custodial lending platform BonqDAO and the crypto infrastructure platform AllianceBlock were hacked due to a vulnerability in BonqDAO's smart contract, resulting in a loss of approximately $88 million. The hacker removed around 114 million WALBT (AllianceBlock's wrapped native token) and 98 million BEUR tokens from a treasury controlled by users, which was used to mint the euro-pegged payment token BEUR.

The technical reasons for the vulnerability are currently unclear. The hacker has sold approximately $1.2 million worth of tokens, but due to insufficient liquidity, it is difficult to convert them all into stablecoins or ETH.

Additionally, AllianceBlock stated that the incident is unrelated to the BonqDAO treasury, and no smart contracts were compromised. Both teams are committed to eliminating liquidity to mitigate the hacker's ability to convert the stolen tokens into other assets and have halted all exchange trading; AllianceBlock has also suspended cross-chain bridging on the AllianceBlock bridge until the situation is resolved. (Source link)

2. Ethereum's First Public Withdrawal Testnet Zhejiang Launched, Shanghai+Capella Upgrade Next Week

According to Ethereum client developer Nethermind, Ethereum's first public withdrawal testnet, Zhejiang, has officially launched, with the Shanghai+Capella upgrade expected to occur next week (epoch 1350). (Source link)

3. AC: 13 Reasons to Choose Fantom, Including Gas Subsidies and Faster Transaction Confirmations

Andre Cronje, founder of Yearn.finance, listed 13 reasons for choosing Fantom, including:

1. Faster transaction confirmation times (under 900 milliseconds);
2. Irreversibility of non-rollback transactions;
3. Synchronized RPC;
4. Monetization of gas fees;
5. Gas subsidies;
6. Native smart wallets;
7. Full Solidity and Vyper compatibility;
8. No segmentation between networks;
9. Sustainable funding and revenue;
10. Developer-friendly;
11. Proactive security audits;
12. Long-term historical reliability;
13. A rising sector. (Source link)

4. RSS3 Integrates with Nostr, Browse Nostr Social Data via Hoot.it

Decentralized content distribution and social protocol RSS3 announced on Twitter that it has integrated with the decentralized social media protocol Nostr, allowing users to search any address and browse Nostr social data using the RSS3 ecosystem product Hoot.it. Developers can also read Nostr data through the RSS3 API in the future. (Source link)

5. Damus Founder: Keyword Filtering Feature Coming Soon

Damus founder William Casarin revealed during a Twitter interaction that a keyword filtering feature will soon be launched to block spam on the homepage, addressing recent issues such as bot spam attacks. (Source link)

6. Blueport Interactive's Hong Kong Subsidiary to Co-Launch Web3 Game Platform NAGA with Element

Wang Feng, CEO of Blueport Interactive and founder of the NFT marketplace Element, tweeted that Blueport Interactive's Hong Kong subsidiary will co-launch the Web3 game platform NAGA with the NFT marketplace Element. The NAGA headquarters team will be based in Hong Kong, supporting mainstream public chains, and plans to launch Beta1 testing in mid-February, with the official NFT Pass and Player DAO token economics to be released in March. (Source link)

7. Meta Q4 Revenue at $32.2 Billion, Metaverse Division's Annual Loss Expands to $13.7 Billion

According to Meta Platforms (META.O) Q4 2022 financial report, Meta's Q4 2022 revenue was $32.165 billion, exceeding market expectations of $31.529 billion; the net profit for Q4 2022 was $4.652 billion, below market expectations of $6.077 billion.

The core department of the metaverse strategy, Reality Labs, reported Q4 2022 revenue of $727 million, with a loss of $4.279 billion. Reality Labs' total revenue for 2022 was $2.123 billion, a year-on-year decline of 6.6%; the total annual loss reached $13.72 billion, further expanding the loss.

Looking ahead, Meta expects Q1 2023 revenue to be between $26 billion and $28.5 billion, with market expectations at $27.25 billion. Additionally, Meta CEO Mark Zuckerberg stated that there will be layoffs in the management team. (Jin10)

"What Exciting Articles Are Worth Reading in the Last 24 Hours"

1. "What is Behind the Rise of Aptos?"

The Aptos native token APT is undoubtedly one of the most eye-catching crypto assets this year, with its price nearly increasing sevenfold in the past month, rising from a low of $3.08 to a peak that once surpassed $20. This article analyzes the various factors behind APT's recent surge and highlights the challenges Aptos faces. Despite many imperfections, Aptos remains promising.

2. "The Creator Economy in Web3 Games: Challenges of User-Generated Content from Games to Platforms"

Gaming is one of the few real opportunities to expand to a billion users in the consumer-facing digital asset ecosystem. Funding related to blockchain games surged from $83 million in 2020 to over $2.4 billion in 2021, with the success of Axie Infinity driving the market boom for Web3 games. This article focuses on the creator economy in Web3 games, analyzing the challenges of user-generated content from games to platforms. The author believes that as the ecosystem around Web3 native UGC develops, we will witness the on-chain positioning of the most active wallets.

3. "Detailed Explanation of the ETHF Chain Ecosystem: 20 Sub-sectors Including DeFi and Web3 Infrastructure"

ETHF is a new branch of Ethereum led by the ETHF DAO in Silicon Valley, retaining the original proof-of-work consensus mechanism, providing users with a highly stable, secure, and decentralized economic model. Recently, ETHF's activity has continued to rise, with more projects successfully deployed on the ETHF chain. As of November 2022, the ETHF ecosystem includes 20 sub-sectors such as wallets, DEX, and DeFi, totaling 69 partners. This article provides a detailed overview of ETHF ecosystem projects.