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lip

Bitget releases a short film for Bitcoin Pizza Day, using dark humor to flip the narrative of "crypto is dead."

On the occasion of Bitcoin Pizza Day in 2026, Bitget launched a global branding campaign titled "Flip the Slice," centered around a music short film called "The Infinite Flip." The short film humorously transforms the voices of skeptics into a part of community culture expression, continuing the spirit and narrative tension of Bitcoin Pizza Day.The film portrays the development of the crypto industry through various cartoon characters. Each time the outside world shouts "crypto is dead," the characters reappear with a "resurrection dance," symbolizing the crypto industry's rebirth from doubt and lows. Through this dark humor and the repeatedly "flipping" narrative style, the short film aims to convey the spirit of "crypto is not dead, it flips and is reborn" to the crypto community.Bitget's Chief Marketing Officer Ignacio Aguirre Franco stated that Bitcoin has been declared "dead" hundreds of times, but in this short film, the critics' arguments become plot points rather than conclusions. By flipping these narratives with humor and fun, each "death" serves as a prologue to the resurgence of the crypto world.As part of the overall Pizza Festival activities, Bitget's "Pizza Box Resume Project" will print selected Web3 youth resumes on pizza boxes and deliver them to industry partners in various regions, transforming classic crypto culture memes into career pathways for young people. This initiative also continues the core direction of Blockchain4Youth, which is to help young people establish a connection path from knowledge acquisition and skill demonstration to integration into the industry ecosystem.

Bitget supports the growth and development of women in Web3 in emerging markets like the Philippines through the Blockchain4Her program

Bitget, through the Blockchain4Her program, continues to promote the popularization of Web3 women's education and community building in emerging markets such as the Philippines. This program focuses on providing a systematic blockchain knowledge framework for women and youth, helping them participate in the long-term development of Web3 with a solid understanding and gain more substantial opportunities within the industry.To achieve this goal, Blockchain4Her has supported several grassroots initiatives led by local female advocates. These include: transforming blockchain technology into practical development opportunities for underdeveloped communities; developing exclusive learning materials titled "Young Learners' Encyclopedia" for youth; and building a learning community focused on risk control and trading discipline. These initiatives not only help local beginners avoid misinformation and establish a rational understanding of Web3 but also align closely with Bitget's partnership with UNICEF in promoting digital skills and blockchain education globally.Bitget CEO and Blockchain4Her founder Gracy Chen stated, "Our original intention is to provide a more equal and open environment for women to explore Web3. Seeing more and more outstanding women engaging in community building shows us how true industry inclusivity takes root and flourishes from the grassroots."

Rhea Finance disclosed the reason for the attack, a flaw in the slippage protection logic led to a loss of 18.4 million dollars

According to RHEA Finance's official disclosure, the NEAR ecosystem lending protocol RHEA Finance (formerly known as Burrow Finance) experienced a margin trading feature hack, resulting in a loss of approximately $18.4 million.The attacker began laying the groundwork several days prior by creating multiple fake token pools on Ref Finance and injecting liquidity, constructing a malicious exchange route that exploited a vulnerability in the protocol's slippage protection mechanism—this mechanism did not account for the scenario where intermediate tokens were reused when calculating the minimum output of multi-step exchanges—leading to the borrowed debt tokens being directed into fake token pools controlled by the attacker, triggering a large-scale forced liquidation that ultimately drained the protocol's reserve pool. During the attack, the attacker deleted a total of 55 intermediate accounts to cover their tracks. Currently, the attacker has returned approximately 3.359 million USDC and 1.564 million NEAR to the RHEA lending contract, while another 4.34 million USDT has been frozen (of which Tether froze 3.291 million and NEAR Intents froze 1.053 million). The protocol contract has been suspended, and the team is collaborating with centralized exchanges for joint tracking and has notified relevant law enforcement agencies.

Elliptic: The Drift attack incident is suspected to be carried out by a North Korean hacker organization

According to CoinDesk, blockchain analytics firm Elliptic stated that the Drift Protocol attack resulted in a loss of $285 million, with "multiple signs" pointing to the North Korean-supported DPRK hacker organization. Elliptic focused on analyzing on-chain behavior, money laundering techniques, and signals at the network level, all of which align with previous state-affiliated attacks.The Elliptic report noted: "If confirmed, this would be the 18th DPRK attack tracked by Elliptic this year, with over $300 million stolen to date." On a technical level, Elliptic described this attack as "premeditated and meticulously planned," with early test transactions and pre-positioned wallets prior to the main attack. After the execution of the attack, the funds were quickly consolidated and transferred across chains, converted into more liquid assets, forming an organized and repeatable money laundering process aimed at obscuring the source of funds while maintaining control.This incident involved over ten types of assets, with funds being transferred across chains from Solana to Ethereum and other chains, further highlighting the importance of cross-chain tracing capabilities. Drift Protocol is the largest decentralized perpetual contract trading platform on the Solana blockchain, and its token has dropped over 40% to approximately $0.06 since the hack.
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