Distributed Sun Bo Reveals Details of $42 Million Asset Theft Incident in 2022
On March 30, Shen Bo—partner at Distributed Capital—posted on X to disclose full details and addresses of assets stolen from him in 2022.
The theft occurred between 00:46 and 01:02 EST on November 10, 2022, targeting his Trust Wallet hot wallet installed on an iPhone 12 Pro Max. Approximately $42 million worth of cryptocurrency assets were stolen, with addresses of the stolen funds as follows:
- ETH: 0x6be85603322df6DC66163eF5f82A9c6ffBC5e894
- BTC: 1ECNeZyiHgqJmv42i3pkWY48xiXy7KukTG / bc1qg3mnvn8saea50js7nzkhm8k054mpwqmcuq3de5
- TRON: TJLBmmUb5TcFFXTLzuuaKU96uTg5Sjn1yD
On March 26, Shen Bo launched a bounty program to recover the $42 million in stolen crypto assets from the 2022 incident.
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Huobi HTX will list BASED (Based) at 18:00 today and has now opened deposit services.
On March 30, Huobi HTX announced key updates for the token BASED:
- Deposits for BASED are open now (12:00 GMT+8, March 30).
- BASED/USDT spot trading will go live at 18:00 GMT+8 on March 30.
- BASED withdrawals will be available starting at 18:00 GMT+8 on March 31.
BASED, a recently popular airdrop project, is an on-chain consumer "super app" and core gateway to the Hyperliquid ecosystem. It integrates perpetual contract trading, prediction markets, and real-world cryptocurrency spending.
9 minutes ago
Trade.xyz Traditional Asset Contract Position Hits New High, Total Position in US and Brent Crude Surpasses $770M
On March 30, HyperInsight monitoring (via its Telegram channel @HyperInsight) reported that open interest (OI) for Trade.xyz’s synthetic traditional asset mapping contracts—deployed on Hyperliquid via HIP-3—has hit a new all-time high.
Intraday OI currently stands at $1.65 billion, while trading volume has dipped slightly to around $2.07 billion over the same period. Trade.xyz’s OI accounts for over 90% of the HIP-3 market share.
Additionally, amid escalating geopolitical tensions, the crude oil market remains the top traditional asset by OI on the platform. Combined intraday OI for WTI crude and Brent crude exceeds $774 million, with total trading volume hitting $497 million in the same window.
9 minutes ago
BeatSwap's flagship product will launch in Q2, covering the full lifecycle of IP rights
March 30th — BeatSwap, a global Web3 intellectual property (IP) infrastructure project, will launch its core product “Space” in Q2 202X.
Defined as the SocialFi layer of BeatSwap’s ecosystem, “Space” aims to directly connect creators with users while enabling deep integration across the platform’s other modules. This launch establishes a complete user behavior loop on the platform: Discovery → Participation → Consumption → Rewards → Trading.
Per the announcement, “Space” marks BeatSwap’s shift toward full-stack Web3 infrastructure. By integrating IP authentication, on-chain registration, revenue distribution, and incentive mechanisms, the platform builds an end-to-end closed loop—allowing IP rights to complete a full lifecycle of “creation, usage, monetization” within the same ecosystem.
9 minutes ago
Affected by Geopolitical Conflict, March Predicted Market Transaction Volume Hits All-Time High, Up 2838% Year-on-Year
On March 30, data indicated that March’s projected market trading volume surged 2838% year-over-year to 191 million transactions—hitting a record high—fueled by geopolitical bets and mainstream media coverage. (Cointelegraph)
### Notes on American English adjustments:
1. **Date format**: Used *On March 30* (omitting "th" for conciseness, common in American casual/professional writing).
2. **Terminology**:
- "Predicted" → "Projected" (more standard for market forecasts in U.S. finance).
- "Year-on-year" → "Year-over-year" (the most common phrase in American business/finance).
- "Driven by" → "Fueled by" (more vivid, widely used in U.S. media for market trends).
3. **Flow**: Added "data indicated" to anchor the claim (natural in American news briefs) and used em dashes to emphasize the "record high" (common for highlighting key stats).
4. **Tone**: Kept concise (matches American quick-news style) while retaining all original facts.
9 minutes ago
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