In March 2022, it has been 4 months for the reason that BXH (Boy X Highspeed) was attacked by hackers. After the incident, the police and lots of high safety corporations within the business intervened within the investigation. For this “battle of justice” that should discover out who’s behind the scenes, business practitioners. And associated customers are at all times involved in regards to the newest developments of occasions.  Lately, the well-known blockchain safety firm Bit Jungle mentioned after an in-depth investigation: “Within the case of the theft of the BXH (Boy X Highspeed), no clues have been discovered throughout the crew, and high-value clues to 3rd events have been discovered.”

In October final 12 months, the decentralized protocol BXH of Binance Sensible Chain was attacked by a hacker, and about 139 million US {dollars} had been stolen, which turned the second-largest safety assault within the historical past of DeFi at the moment.  For some time, there was plenty of public opinion, and a few even questioned the challenge occasion’s “guardianism”.  On this regard, the BXH challenge crew has been actively responding to and coping with it, calling the police on the first time of the incident, and publicizing the police investigation certificates to the surface world, and even overtly providing a reward to the White Hat Alliance.

As a result of large quantity of stolen cash, this incident precipitated large waves within the business and have become a sizzling subject of debate.  Eric, the founding father of Bit Jungle, realized in regards to the case from the media and realized that the case had encountered a bottleneck. Together with his skilled capacity to resolve the case and wealthy expertise, Bit Jungle first felt that he had the boldness and skill to revive the reality of the BXH case and break the bottleneck of the BXH case to let the reality.  “Talking with knowledge is the important thing to fixing BXH”. In brief, it’s to revive the reality of the entire case with goal knowledge.  Bit Jungle may be very low-key within the business. As a result of professionalism and fame of Bit Jungle within the coin-finding enterprise, and the truth that Bit Jungle has recovered large digital asset losses for a lot of blockchain business leaders up to now three years, the case entrusted to Bit Jungle  A lot of the losses exceeded 10 million.

The blockchain business has steadily shaped a fame that “bit jungle is one of the simplest ways for stolen customers to get well digital property and the final hope”.

Bit jungle was concerned on this case comparatively late. At the moment, greater than ten blockchain safety corporations had been concerned, together with virtually all well-known home blockchain safety corporations. The detection of the case was encountering a bottleneck and was in a stalemate.

Sure, fixing a case is a really tough factor.  Digital asset theft circumstances usually contain transnational black business skilled groups, and the circumstances are sometimes extraordinarily complicated and tough to detect.  The necessities for the power of blockchain safety corporations to resolve circumstances are additionally very excessive. Not solely the skilled capacity of complete and systematic traceability is required, but in addition the wealthy expertise in cracking large-scale circumstances. Solely on this premise can the case be solved.  The detection of big blockchain circumstances has greater necessities for patrons, as a result of “discovering cash” or safety traceability is actually a useful resource confrontation, and the price behind it is rather excessive.  Bit jungle has been specializing in the “coin search” enterprise for a few years, with an general funding of greater than 10 million yuan.

For purchasers, asking stolen customers to pay earlier than there isn’t any result’s tantamount to worse and unacceptable.  There isn’t any revenue for Bit Jungle, it isn’t enterprise however charity.  Bit Jungle firmly believes that solely enterprise can play a larger social worth.  This seemingly chicken-or-egg philosophical query lies between the BXH challenge occasion and Bit jungle. Each events are cooperating, however in addition they require prices.

Beneath such circumstances, Neo Wang, the investor of the BXH challenge, and Eric, the pinnacle of Bit Jungle, made a million-dollar wager to search out hackers. The essence of this wager is definitely a simply battle in opposition to crime.  Bit jungle mentioned: “At current, there have been hacking incidents in DeFi, and safety points have turn out to be more and more outstanding. Bit jungle may be very assured and able to profitable this wager and restoring the reality of the BXH theft incident.”

Preliminary findings are out

On March 1, Bit Jungle launched the preliminary investigation conclusion of the theft of the BXH:

  1. After in-depth investigation and evaluation of the BXH server picture and administrator pc, no clues have been discovered throughout the crew within the case of the theft of the BXH silly boy BSC chain, and high-value clues to 3rd events have been discovered.
  2. Throughout this era, greater than ten high blockchain safety corporations have been concerned within the investigation, and no clues have been discovered throughout the BXH crew.
  3. Throughout the case investigation course of, the individual answerable for the BXH challenge and the personal key administration personnel actively cooperated with multi-party investigations and offered necessary clues.

At current, the progress of the case is in cooperation with the police investigation. The evaluation outcomes of a number of safety corporations present that the theft of BXH could be decided to be a third-party safety assault.  There isn’t any doubt that there are errors and loopholes within the personal key administration of the BXH challenge, and the “high-value clues to a 3rd occasion” found through the Bit Jungle investigation might carry a flip for the theft.

The BXH theft was sparked by a leaked admin key that was used to deplete a lot of the deployed BSC methods.  “Property of practically 139 million U.S. {dollars} are sure to go away clues within the switch course of.” Bit Jungle is satisfied that “we are going to do the whole lot we will and check out our greatest so as to add boundaries to the safety of the DeFi discipline.”

For Bit Jungle, we hope extra individuals will find out about this million-dollar wager. The aim is to boost everybody’s consciousness of the safety of digital property and stop the theft of digital property from inflicting their very own financial losses.

As well as, we additionally look ahead to extra individuals collaborating within the investigation of this case and witnessing the tit-for-tat confrontation between black and white within the blockchain world.  I hope Bit Jungle can show its value on this recreation and add plenty of coloration to the protected improvement of DeFi.

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