Scan to download
BTC $67,344.64 +1.45%
ETH $1,954.36 +1.41%
BNB $610.61 +3.07%
XRP $1.38 +1.95%
SOL $80.62 +0.90%
TRX $0.2775 +0.80%
DOGE $0.0935 +5.14%
ADA $0.2638 +4.54%
BCH $506.10 -0.67%
LINK $8.41 +2.28%
HYPE $31.00 +7.34%
AAVE $108.23 +2.14%
SUI $0.9187 +4.14%
XLM $0.1613 +6.65%
ZEC $236.44 +4.62%
BTC $67,344.64 +1.45%
ETH $1,954.36 +1.41%
BNB $610.61 +3.07%
XRP $1.38 +1.95%
SOL $80.62 +0.90%
TRX $0.2775 +0.80%
DOGE $0.0935 +5.14%
ADA $0.2638 +4.54%
BCH $506.10 -0.67%
LINK $8.41 +2.28%
HYPE $31.00 +7.34%
AAVE $108.23 +2.14%
SUI $0.9187 +4.14%
XLM $0.1613 +6.65%
ZEC $236.44 +4.62%

bia

Ripple collaborates with the innovation department of Riyadh Bank in Saudi Arabia to explore blockchain payment and custody applications

Ripple announced a partnership with Riyad Bank's innovation department, Jeel, a major financial institution in Saudi Arabia. The two parties will collaborate through a Memorandum of Understanding (MoU) to jointly explore the application scenarios of blockchain technology in the Saudi financial system. The focus of the cooperation includes cross-border payments, digital asset custody, and asset tokenization, with the related exploration aimed at supporting Saudi Arabia's "Vision 2030," modernizing financial infrastructure, and reducing reliance on the oil economy.Reece Merrick, Managing Director of Ripple Middle East and Africa, stated that this partnership reflects the institutional-level interest of large financial institutions in Saudi Arabia in blockchain infrastructure. Riyad Bank is one of the largest banks in Saudi Arabia, with assets exceeding $130 billion by mid-2025, playing a significant role in the national financial system.At the same time, the Middle East is gradually becoming an important market for digital asset innovation, with the UAE leading in regulatory clarity and institutional participation. Ripple continues to strengthen its presence in the Middle East, with its institutional-grade stablecoin Ripple USD (RLUSD) having received relevant regulatory approval and being traded on several mainstream platforms.

Analysis: Due to the regularity of the random number generator used by the LuBian mining pool to generate private keys, hackers discovered the fault pattern that led to the theft of 120,000 BTC

ChainCatcher message, encrypted KOL @chaowxyz analyzed how 120,000 BTC from Lubian was stolen. In simple terms, a Bitcoin private key is a combination of 256 bits of 0s and 1s. Generating a private key is easy: flip a coin 256 times, record the heads and tails, where heads is 0 and tails is 1, and that’s a private key. If two people get the exact same results, they will have the same key. The latter person can then directly access the former person's wallet. However, the probability of such "luck" is almost zero. Because the possibility of 2 to the power of 256 is greater than the total number of atoms in the universe. The chance of duplication is extremely low. The security of a private key does not come from luck, but from mathematics. But there is a premise behind this: it must be truly random.So how were the 120,000 BTC lost? The problem lies in the random number generator used by the LuBian mining pool to generate private keys—the machine that was supposed to fairly flip coins was broken. It did not randomly select from nearly infinite possibilities but instead acted like a stuck machine, always picking numbers within a very small, patterned range. Hackers discovered the malfunctioning pattern of this machine and easily replicated the private keys it could generate, emptying all corresponding wallets.
app_icon
ChainCatcher Building the Web3 world with innovations.