🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
The blockchain forensics company AMLBot reveals a vulnerability in the USDT freezing mechanism that resulted in a loss of 78 million USD.
Gate.io News bot news, the blockchain forensics company AMLBot released a report revealing technical vulnerabilities in Tether's USDT freezing mechanism. According to Decrypt, due to latency between freeze requests and execution caused by multi-signature contracts, a total of over $78 million in funds has been lost across Ethereum and Tron networks since 2017.
Specific data shows that the losses on the Tron network reached $49.6 million, while the losses on the Ethereum network amounted to $28.5 million. The report indicates that 4.88% of blacklisted wallets completed 2-3 transactions during this latency period.
The security company PeckShield has confirmed the existence of the vulnerability and suggested to Tether to bundle the freeze requests with signatures into a single transaction to eliminate the time window. Currently, Tether has not responded to this incident.