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@SuzakuNetwork

The Decentralization Hub for L1s. Everything staking on @avax. Blockchain services provider via @ash_avax
suzaku.network Joined May 2024
124 Following 3.6K Followers 4.5K Posts

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Suzaku Verified account @SuzakuNetwork
🚨 Suzaku LRTs wind down

The Yield Yak protocol is sunsetting, along with all its managed vaults 🌇

This includes Suzaku LRTs: rsAVAX, rBTC.b, and rstAVAX (already deprecated), all of which are being wound down following Yield Yak's timeline.
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Suzaku Verified account @SuzakuNetwork
A bad day for crypto. We hope everyone's funds are covered.

Unfortunately, this is yet another reminder that any centralized setup will eventually get hacked, and that the only credible answer is decentralization.

(Re)read our related blog post 👇

suzaku.network/blog/why-l1-de…
suzaku.network Why L1 Decentralization Matters (More Than You Think) | Suzaku Blog We explain what risks centralized L1 networks face and what minimal requirements one should look for to minimize them.
Binance @binance Oct 30
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified.

The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete.

As an immediate precaution, Binance has:

- temporarily suspended deposits and withdrawals while security checks are completed;
- revoked the affected address authorisation;
- engaged law enforcement and blockchain intelligence partners to trace and recover funds.

Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice.

Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.

binance.com/en/support/ann…
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Suzaku Verified account @SuzakuNetwork
🇫🇷 Le 1er builder event avec Team1 France c'est demain

Et c'est notre CEO @Nutymoon qui viendra nous parler de l'effet de l'IA sur la sécurité des blockchains et de pourquoi elle rend la décentralisation encore plus importante !
Avalanche France 🔺 Verified account @Team1FR Oct 5
On se retrouve le 8 octobre pour le premier online builder event Team1 France 🔺🇫🇷

Pourquoi, à l'ère de l'IA, sécurité et décentralisation vont de pair ?

Avec @Nutymoon, cofondateur de @SuzakuNetwork.

Pendant ce workshop, Gauthier montrera comment l'IA a bouleversé la sécurité informatique, surtout en crypto, et ce que ça change pour des réseaux blockchain comme les L1 Avalanche.

Inscription ⬇️
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