U.S.S.S.E.L.D. News

1. Bybit CEO Ben: The $1.5 billion-grade hacker incident last year covered the damage in only eight months

In a podcast on April 28th, Bybit CEO Ben stated that, despite the fact that last year was the largest hack in history, with more than $1.5 billion stolen, the last year was the highest in Bybit's history, and it took about eight months to make up for the damage caused by the theft。

Compund Launch proposal in support of rsETH restoration to provide up to 3,000 ETH

Compund has initiated a proposal to provide 1900-3,000 ETH support (approximately $4.37 million to $6.9 million) to the DeFi United coordinated rsETH recovery plan, subject to the fulfilment of established conditions; the amount to be funded will be determined by the Panel on the basis of the final recovery programme, the participants ' situation and market conditions. Of these, approximately 1,857 ETH may be achieved by recovering the positions of the attackers, which, if not recovered, does not constitute actual funding; the related funds may only be implemented if the conditions of rsETH are expected to be met, such as full filling of collateral, clear recovery programmes and adequate disclosure of information。

Arthur Hayes predicts that bitcoin will reach $1.25 million by the end of the year: war expenditures and bank deregulation will inject mass liquidity

The co-founder of BitMEX, Arthur Hayes, in Bitcoin Vegas 2026, stated that the BTC was expected to rise to approximately $1.25 million by the end of the year, on the grounds that war defence spending and deregulation of United States banks would drive new liquidity into financial markets. Hayes states that AI led to the replacement of some highly paid knowledge posts as a “credit deflation event”, but that market narratives shifted from AI deflation to war-time inflation after the conflict between the United States and Iran. Hayes also noted that the enhanced leverage adjustment, which came into effect on 1 April, could result in additional loans of US$ 1.3 trillion and extrapolate about US$ 4 trillion in total credit creation by a three-fold bank multiplier。

4. DeFi United Publishing KelpDAO rsETH Recovery Technology Implementation Plan

DeFi United has released a technical implementation plan for the restoration of KelpDAO rsETH support in response to a security incident on April 18 that resulted in the unusual release of 116,500 rsETH from the Etherwood side adapter. The plan consists of two main components: first, the transfer of the acquired ETH funds to the rsETH in batches and the transfer to the affected lockout contract to restore the rsETH mortgage support; and second, the interim adjustment of the rsETH predictor price through the governance proposal, the clean-up of the associated rsETH encumbrances on Aave and Comp sound in a controlled liquidation process, and the return of the recovered rsETH for the relevant market gap. During this operation, the WETH and rsETH markets on multiple chains will remain frozen until security risks are removed and normal operations are resumed。

5. Web3 Game Track fully contracted, over 93 per cent of the projects were dead and single-season financing fell 99 per cent

According to the research institute Caladan, Web3 Games are experiencing a general contraction: about 93 per cent of the projects have “basic deaths” and the related currency prices have fallen by an average of about 95 per cent compared to the 2022 heights, and the size of the game studio financing is about 93 per cent below its peak. At the same time, there has been a significant reversal in the allocation of funds: 62.5 per cent of the Web3 investment in 2022 went to the game area, but by 2025 it had fallen to single digits; and quarterly financing fell from a peak of about $1.6 billion to about $18 million, a decline of nearly 99 per cent. The report found that after a round of high-valuation and capital-driven expansion, the industry was now entering a clear-cut phase and that financial flows were accelerating in areas such as AI, infrastructure and RWA。

6. Zeta Chain GatewayEVM contract attacked and cross-chain transactions suspended

Zeta Chain states that his GatewayEVM contract was attacked today, affecting only internal team wallets; the route of the attack has been blocked, there is no further financial risk and user funds are not affected. As a precautionary measure, Zeta Chain had suspended cross-chain transactions, the incident was still under investigation and a detailed duplication report would be issued。

SlowMist released a preliminary analysis of the GatewayZEVM contract attack, stating that the core loophole is in the Call function of the GatewayZEVM contract, which lacks access control and input validation, allowing any user to construct a malicious cross-chain call and perform operations in the target chain。

Provenir, Colombia's largest pension fund, launched a encrypted portfolio to support indirect investment in bitcoin through IBIT

The largest pension fund management firm in Colombia, Porvenir, has launched an encrypted portfolio that allows users to indirectly acquire bitcoin openings by investing in Belet IBIT. The product is intended only for voluntary pension accounts, with a start-up investment of 100,000 Colombian pesos (approximately US$ 25), subject to risk assessment and participation. According to Porvenir, the aim is to attract young investors aged 18-45 and to respond to the annual growth in encryption user size in Latin America of 64 per cent, to about 79 million people. Previously, local pension institutions Protección and Skandia had launched similar products, emphasizing their positioning as long-term asset allocation tools。