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withdrawal

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first_img WhiteBIT integrates the Lightning Network, supporting fast deposits and withdrawals of Bitcoin

Swiss cryptocurrency exchange WhiteBIT announced that it has integrated the Lightning Network, allowing users to deposit and withdraw Bitcoin through this network. This feature is technically supported by Bitcoin infrastructure provider Voltage, with a deposit fee rate of 0.25% and a withdrawal fee rate of 0.15%. Users can complete transactions using QR codes or payment information.WhiteBIT founder and CEO Volodymyr Nosov stated that WhiteBIT's mission is to make blockchain technology more accessible and widely adopted, achieving this goal by providing practical and user-friendly digital asset solutions. The addition of Lightning Network support makes Bitcoin faster and more useful, facilitating users to deposit accounts, send and receive funds, and use Bitcoin in more real-world scenarios.WhiteBIT is headquartered in Zug, Switzerland, and according to CoinGecko data, its trading volume ranks 17th among global exchanges. The exchange stated that this launch supports faster Bitcoin channels, with application scenarios covering remittances, exchange fund transfers, merchant QR code payments, and interoperability with wallets and applications that support the Lightning Network. The Lightning Network was launched in 2018, and this year its trading volume has significantly increased, mainly due to exchanges utilizing the network to transfer funds at low cost and high efficiency.

first_img The Ethereum staking withdrawal queue has decreased to 767,000 ETH, and the impact of MetaMask validators exiting has weakened

The Ethereum staking withdrawal queue has retreated from last week's peak. After MetaMask began withdrawing validators, the withdrawal queue once climbed to about 851,000 ETH, and is currently down to about 767,000 ETH. Previously, on September 29, the queue was only about 166,000 ETH, growing more than five times in just a few days, reaching about 2% of the total staked ETH of approximately 43.6 million.On September 30, MetaMask disclosed a security incident affecting some of its infrastructure and took the affected validators offline as a precaution. Its update on October 1 stated that the investigation found no signs of impact on wallets or customer funds. In addition to its wallet services, MetaMask also operates validators for the staking service provider Lido. Ethereum security researcher Kaden estimates that this precautionary withdrawal involves about 17,000 validators and approximately 523,000 ETH, although MetaMask has not confirmed this data.Lido expects that as the affected validators withdraw and their balances are extracted, these ETH will gradually be restaked, a process that may take about 45 days. During the downtime, the affected validators will miss out on rewards, and Lido stated that stETH holders do not need to take any action. Meanwhile, the demand for entering the staking queue has cooled, with about 1.5 million ETH waiting to enter, and the estimated waiting time is about 25 days.

first_img Bitget updates on the security incident progress: the stolen amount is revised to 387.5 million USD, and the withdrawal recovery time will be announced before 12 PM tomorrow

Bitget TradFi Chief Growth Officer Xie Jiayin issued an update on the platform's security incident, stating that the withdrawal time will be announced before noon tomorrow. The security team has identified the hacker's attack path and methods, and has grasped the details of how the attacker bypassed security measures, coming very close to tracing the source of the attack. The incident investigation by third-party security teams Mandiant and SlowMist is still ongoing, with a detailed report pending from the security team.On-chain tracking confirms that approximately $387.5 million has been transferred to the hacker's address, previously estimated at $351.6 million. This revision includes ZEC and TRX, and no other unauthorized transfers have been found. Xie Jiayin stated that the stolen funds at the platform level will be fully covered by the Bitget User Protection Fund, ensuring that user assets are not subject to any losses.Bitget has officially launched a fund recovery bounty program, offering a 5% bounty for voluntarily freezing the attacker’s funds and a 5% bounty for voluntarily recovering funds. The bounty also applies to assistance already provided. The platform has published the attacker's address, a real-time tracking dashboard, and a submission portal, with relevant information also available for submission through Bybit's Lazarus bounty platform.
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