Latest ##adamback News, Opinions and Feed Today

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Article

Adam Back Just Dropped a Bold $1M BTC Prediction – And the Timeline Is Shocking 🚀Adam Back, the legendary cypherpunk and Blockstream CEO, isn’t known for hype. So when he speaks, the crypto world listens. His latest take? $500,000 to $1,000,000 per Bitcoin is not a distant dream—it’s closer than most people realize. Here’s what he said: "I certainly think $500,000–$1,000,000 #Bitcoin is closer than people think. Bitcoin does that by the end of the halving cycle, which is 2028." Let that sink in. We’re talking about a potential 10x–20x move from current levels in roughly four years. --- Why This Matters More Than a Typical Price Prediction Most high-end forecasts (PlanB’s Stock-to-Flow, Cathie Wood’s $1.5M by 2030) stretch toward the next decade. Back is compressing that timeline into the current halving cycle. For context: · Each halving cycle lasts ~4 years. · The last halving happened in April 2024. · The next one will be in 2028 – and historically, the peak arrives roughly 12–18 months after each halving. That means, if Back is correct, Bitcoin’s most explosive leg up is happening between now and late 2028. --- The Quiet Catalysts He’s Betting On Back isn’t just throwing out numbers. His thesis rests on: 1. Supply shock on steroids – With each halving, the new BTC issuance drops. By 2028, the daily mined supply will be minuscule compared to institutional demand. 2. ETF adoption lag – Many pension funds and sovereign wealth funds are still in “education mode.” That money moves slowly, but when it does, it moves mountains. 3. The fiat backdrop – Global debt and money printing aren’t slowing down. Bitcoin’s fixed supply becomes a harder asset with each passing year. --- What “Closer Than People Think” Really Means Most retail traders expect $100K first. Then maybe $250K “someday.” $1M feels like science fiction. But Back is highlighting a behavioral bias: humans are terrible at exponential thinking. If Bitcoin simply repeats past cycle multiples (roughly 20x from bear market lows), $500K is mathematically straightforward. A lower multiple gets you to $1M. The real question isn’t if the price can reach that level – but whether the liquidity, regulation, and macro conditions align to allow it. --- The Contrarian View Worth Considering Even Back acknowledges it’s not guaranteed. Black swan events, regulatory overreach, or a prolonged global recession could delay or derail the timeline. But his core message stands: Bitcoin is earlier in its adoption curve than its price suggests. And halving cycles are powerful forcing functions. Final Take : If you’re waiting for a dip below $50K to go all-in, you might be using outdated logic. The window for “cheap” BTC may be closing faster than sentiment suggests. Adam Back isn’t a YouTuber chasing clicks. He’s a Bitcoin OG who helped build the infrastructure. When he points to 2028 and a seven-figure Bitcoin, it’s worth mapping out your own position size, DCA strategy, and risk management accordingly. One question left for you: Are you positioned for a $1M BTC by 2028 – or still hoping for $30K again? 👇 Drop your target below. Let’s bookmark this post for 2028. Always DYOR No Financial advice! # #BTC #AdamBack #CryptoPrediction #MarketRebound #StrategyBTCPurchase $BTC {future}(BTCUSDT)

Adam Back Just Dropped a Bold $1M BTC Prediction – And the Timeline Is Shocking 🚀

Adam Back, the legendary cypherpunk and Blockstream CEO, isn’t known for hype. So when he speaks, the crypto world listens.
His latest take? $500,000 to $1,000,000 per Bitcoin is not a distant dream—it’s closer than most people realize.
Here’s what he said:
"I certainly think $500,000–$1,000,000 #Bitcoin is closer than people think. Bitcoin does that by the end of the halving cycle, which is 2028."
Let that sink in. We’re talking about a potential 10x–20x move from current levels in roughly four years.
---
Why This Matters More Than a Typical Price Prediction
Most high-end forecasts (PlanB’s Stock-to-Flow, Cathie Wood’s $1.5M by 2030) stretch toward the next decade. Back is compressing that timeline into the current halving cycle.
For context:
· Each halving cycle lasts ~4 years.
· The last halving happened in April 2024.
· The next one will be in 2028 – and historically, the peak arrives roughly 12–18 months after each halving.
That means, if Back is correct, Bitcoin’s most explosive leg up is happening between now and late 2028.
---
The Quiet Catalysts He’s Betting On
Back isn’t just throwing out numbers. His thesis rests on:
1. Supply shock on steroids – With each halving, the new BTC issuance drops. By 2028, the daily mined supply will be minuscule compared to institutional demand.
2. ETF adoption lag – Many pension funds and sovereign wealth funds are still in “education mode.” That money moves slowly, but when it does, it moves mountains.
3. The fiat backdrop – Global debt and money printing aren’t slowing down. Bitcoin’s fixed supply becomes a harder asset with each passing year.
---
What “Closer Than People Think” Really Means
Most retail traders expect $100K first. Then maybe $250K “someday.” $1M feels like science fiction.
But Back is highlighting a behavioral bias: humans are terrible at exponential thinking.
If Bitcoin simply repeats past cycle multiples (roughly 20x from bear market lows), $500K is mathematically straightforward. A lower multiple gets you to $1M.
The real question isn’t if the price can reach that level – but whether the liquidity, regulation, and macro conditions align to allow it.
---
The Contrarian View Worth Considering
Even Back acknowledges it’s not guaranteed. Black swan events, regulatory overreach, or a prolonged global recession could delay or derail the timeline.
But his core message stands:
Bitcoin is earlier in its adoption curve than its price suggests. And halving cycles are powerful forcing functions.
Final Take :
If you’re waiting for a dip below $50K to go all-in, you might be using outdated logic. The window for “cheap” BTC may be closing faster than sentiment suggests.
Adam Back isn’t a YouTuber chasing clicks. He’s a Bitcoin OG who helped build the infrastructure. When he points to 2028 and a seven-figure Bitcoin, it’s worth mapping out your own position size, DCA strategy, and risk management accordingly.
One question left for you:
Are you positioned for a $1M BTC by 2028 – or still hoping for $30K again?
👇 Drop your target below. Let’s bookmark this post for 2028.
Always DYOR No Financial advice!
# #BTC #AdamBack #CryptoPrediction #MarketRebound #StrategyBTCPurchase
$BTC

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MuntazirMehdiOfficial

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🚨 BREAKING: Adam Back's bold prediction 🚨
According to Adam Back:
👉 Bitcoin could hit $1,000,000 within this decade 👀
💬 He states:
👉 "Bitcoin will eventually match gold's market cap"
👉 "And this could happen quicker than you think" ⚡
📊 In simple terms:
If Bitcoin reaches gold's level,
👉 its total value will equal the global gold market
💰 Meaning:
Massive capital shift from traditional assets → crypto
Increased institutional involvement
Major transformation in the financial system
🧠 Reality check (important):
👉 This is not guaranteed — it's a projection
👉 For this to happen:
Massive adoption
Regulatory clarity
Long-term trust
🚀 Simply put:
If this scenario plays out…
👉 Bitcoin won't just be an asset
👉 It will become a global financial pillar
Now the question is:
👉 Is this realistic… or just an overhyped narrative? 👀
$BTC
#BTC #bitcoin #AdamBack #CanTheDeFiIndustryRecoverQuicklyFromAaveExploit? #BalancerAttackerResurfacesAfter5Months

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Crypto _Li

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Article

13 Years Ago Today: ’s BitcoinTalk Introduction Highlights the Origins of Proof-of-WorkOn this day 13 years ago, introduced himself on the forum—an event that, while subtle at the time, carries lasting historical significance in the evolution of . Adam Back is widely recognized as one of the key figures referenced in the . His earlier work on Hashcash laid the groundwork for what would later become Bitcoin’s proof-of-work system, a fundamental mechanism that secures the network and validates transactions without relying on a central authority. Originally, Hashcash was developed as a method to combat email spam. It required senders to perform a small amount of computational work before sending messages, making large-scale spam campaigns inefficient and costly. This idea of requiring computational effort to prevent abuse directly influenced Bitcoin’s design. In Bitcoin, proof-of-work serves a broader and more critical purpose. It ensures that transactions are verified and added to the blockchain through a decentralized process known as mining. Participants, often referred to as miners, compete to solve complex mathematical problems. The first to solve the problem earns the right to add a new block of transactions to the blockchain and is rewarded with newly minted Bitcoin. This mechanism not only secures the network but also makes it resistant to manipulation. Altering any part of the blockchain would require redoing the proof-of-work for that block and all subsequent blocks, a task that becomes computationally impractical as the chain grows. As a result, Bitcoin maintains its integrity without the need for centralized oversight. The reference to Adam Back in the Bitcoin whitepaper underscores the importance of prior cryptographic research in the creation of Bitcoin. Rather than emerging in isolation, Bitcoin represents the culmination of decades of work by cryptographers and computer scientists exploring digital scarcity, distributed systems, and secure communication. Moments like Adam Back’s introduction on BitcoinTalk provide a glimpse into the early days of the Bitcoin community—when developers, researchers, and enthusiasts gathered in niche online forums to discuss ideas that would later reshape the global financial landscape. Today, proof-of-work remains one of the most debated and studied aspects of blockchain technology. While discussions around energy consumption and scalability continue, its role in establishing a secure and decentralized network is widely acknowledged. Looking back, what may have seemed like a routine forum introduction now serves as a reminder of how foundational ideas and contributions often precede widespread recognition. Adam Back’s work, along with that of other early cryptographers, continues to influence not only Bitcoin but the broader digital asset ecosystem. Innovation often begins quietly—long before it captures global attention. #bitcoin #BTC #CryptoHistory #AdamBack

13 Years Ago Today: ’s BitcoinTalk Introduction Highlights the Origins of Proof-of-Work

On this day 13 years ago, introduced himself on the forum—an event that, while subtle at the time, carries lasting historical significance in the evolution of .
Adam Back is widely recognized as one of the key figures referenced in the . His earlier work on Hashcash laid the groundwork for what would later become Bitcoin’s proof-of-work system, a fundamental mechanism that secures the network and validates transactions without relying on a central authority.
Originally, Hashcash was developed as a method to combat email spam. It required senders to perform a small amount of computational work before sending messages, making large-scale spam campaigns inefficient and costly. This idea of requiring computational effort to prevent abuse directly influenced Bitcoin’s design.
In Bitcoin, proof-of-work serves a broader and more critical purpose. It ensures that transactions are verified and added to the blockchain through a decentralized process known as mining. Participants, often referred to as miners, compete to solve complex mathematical problems. The first to solve the problem earns the right to add a new block of transactions to the blockchain and is rewarded with newly minted Bitcoin.
This mechanism not only secures the network but also makes it resistant to manipulation. Altering any part of the blockchain would require redoing the proof-of-work for that block and all subsequent blocks, a task that becomes computationally impractical as the chain grows. As a result, Bitcoin maintains its integrity without the need for centralized oversight.
The reference to Adam Back in the Bitcoin whitepaper underscores the importance of prior cryptographic research in the creation of Bitcoin. Rather than emerging in isolation, Bitcoin represents the culmination of decades of work by cryptographers and computer scientists exploring digital scarcity, distributed systems, and secure communication.
Moments like Adam Back’s introduction on BitcoinTalk provide a glimpse into the early days of the Bitcoin community—when developers, researchers, and enthusiasts gathered in niche online forums to discuss ideas that would later reshape the global financial landscape.
Today, proof-of-work remains one of the most debated and studied aspects of blockchain technology. While discussions around energy consumption and scalability continue, its role in establishing a secure and decentralized network is widely acknowledged.
Looking back, what may have seemed like a routine forum introduction now serves as a reminder of how foundational ideas and contributions often precede widespread recognition. Adam Back’s work, along with that of other early cryptographers, continues to influence not only Bitcoin but the broader digital asset ecosystem.
Innovation often begins quietly—long before it captures global attention.

#bitcoin #BTC #CryptoHistory #AdamBack

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DuckTradingpro

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⚡️ INSIGHT: Adam Back warns of quantum risk to Bitcoin 🔐 $XRP
What is happening?
• Proposal for optional quantum-resistant upgrades $SOL
• New research suggests lower threshold to break BTC cryptography
• ~6.9M BTC potentially vulnerable
• Includes early wallets (e.g. linked to Satoshi Nakamoto) $ADA
What this suggests:
• Long-term security assumptions being challenged
• Need for future protocol upgrades (soft fork/hard fork)
• Quantum computing becoming a real consideration
Context:
• BTC uses elliptic curve cryptography (ECDSA)
• Quantum computers could theoretically break private keys if advanced enough
📊 Market takeaway:
Long-term risk, not immediate threat. Timeline for quantum breakthroughs remains uncertain—but proactive upgrades could turn this into a bullish narrative around network resilience.
#BTC走势分析 #AdamBack #GoldmanSachsFilesforBitcoinIncomeETF

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Wow, this is definitely the biggest scoop in the crypto world this month! The New York Times has held back for 18 months and actually named Adam Back as Satoshi Nakamoto. This was uncovered by Pulitzer Prize winner John Carreyrou, the same guy who exposed the Theranos fraud. To be honest, this investigative report gave me chills. What with literary measurements, technological overlaps, and even Adam Back's habit of putting two spaces after a period and misusing hyphens, it all matches Satoshi Nakamoto perfectly. The strangest part is the timeline: during the years when Satoshi was active, Adam Back just happened to “vanish” from the cryptography mailing list; just six weeks after Satoshi announced he would leave in 2011, Adam Back reappeared. This coincidence is almost like a script! But Adam Back reacted quickly, directly stating on X, "I am not Satoshi Nakamoto," and even criticized the investigation for being confirmation bias. At the Paris Blockchain Week, he outright denied it. Frankly, as long as those 1,100,000 bitcoins remain untouched, or there are no private key signatures, all this so-called "indirect evidence" is just speculation. What's even more interesting is that this has also tied into “anti-quantum attacks.” Adam Back firmly opposes freezing those early wallets that haven't migrated (including Satoshi's). The logic is intriguing: if he is indeed Satoshi, he would certainly want to protect his assets; if he is not, then as a purist, it also makes sense for him to defend property rights. Personally, I think it no longer matters who Satoshi Nakamoto is; Bitcoin has long since transcended personal worship. But this game of “catching spies” has certainly added a bit of fun to the dull market. Risk Warning: This kind of identity speculation has limited impact on coin prices; don’t go all in just because of this gossip. Invest cautiously; logic is more important than stories. What do you all think? Is Adam Back’s stubborn denial a sign of genuine innocence, or is it the last stubbornness of a top cryptographer? Vote in the comments: do you believe he is Satoshi Nakamoto? $BTC #中本聪身份之谜 #AdamBack

Wow, this is definitely the biggest scoop in the crypto world this month! The New York Times has held back for 18 months and actually named Adam Back as Satoshi Nakamoto. This was uncovered by Pulitzer Prize winner John Carreyrou, the same guy who exposed the Theranos fraud.

To be honest, this investigative report gave me chills. What with literary measurements, technological overlaps, and even Adam Back's habit of putting two spaces after a period and misusing hyphens, it all matches Satoshi Nakamoto perfectly. The strangest part is the timeline: during the years when Satoshi was active, Adam Back just happened to “vanish” from the cryptography mailing list; just six weeks after Satoshi announced he would leave in 2011, Adam Back reappeared. This coincidence is almost like a script!

But Adam Back reacted quickly, directly stating on X, "I am not Satoshi Nakamoto," and even criticized the investigation for being confirmation bias. At the Paris Blockchain Week, he outright denied it. Frankly, as long as those 1,100,000 bitcoins remain untouched, or there are no private key signatures, all this so-called "indirect evidence" is just speculation.

What's even more interesting is that this has also tied into “anti-quantum attacks.” Adam Back firmly opposes freezing those early wallets that haven't migrated (including Satoshi's). The logic is intriguing: if he is indeed Satoshi, he would certainly want to protect his assets; if he is not, then as a purist, it also makes sense for him to defend property rights.

Personally, I think it no longer matters who Satoshi Nakamoto is; Bitcoin has long since transcended personal worship. But this game of “catching spies” has certainly added a bit of fun to the dull market.
Risk Warning: This kind of identity speculation has limited impact on coin prices; don’t go all in just because of this gossip. Invest cautiously; logic is more important than stories.

What do you all think? Is Adam Back’s stubborn denial a sign of genuine innocence, or is it the last stubbornness of a top cryptographer? Vote in the comments: do you believe he is Satoshi Nakamoto?
$BTC #中本聪身份之谜 #AdamBack

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Zac_Decrypt

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🔥 BULLISH: “The future of finance runs on Bitcoin,” says Adam Back at Paris Blockchain Week.
#bullish #AdamBack

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BLACKPINK 블랙핑크

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For 17 years, the true identity of Satoshi Nakamoto, the anonymous creator of Bitcoin, has been the internet's biggest unsolved mystery. This video dives deep into a groundbreaking investigation by renowned journalist John Carreyrou, who previously exposed the infamous Theranos scandal. According to Carreyrou's exhaustive research, the elusive Bitcoin founder is likely Adam Back, a 55-year-old British computer scientist and cryptography expert. We explore the fascinating history of Bitcoin, an innovative currency that challenged the traditional banking system by enabling decentralized, peer-to-peer transactions without government or bank interference. The video breaks down the undeniable clues connecting Back to Satoshi: from his invention of the "Hashcash" system that fundamentally powers Bitcoin to his distinct use of British English and unique grammar quirks found in the original Bitcoin whitepaper. We also analyze the highly suspicious timeline of Back’s disappearance from public Cypherpunk forums exactly when Satoshi emerged, and his sudden return the moment Satoshi vanished. #Bitcoin #SatoshiNakamoto #CryptoMystery #AdamBack #Cryptocurrency #bitcoinfounder #Blockchain #CryptoNews #JohnCarreyrou #TechHistory #DigitalCurrency #Cypherpunks #CryptoInvestigation #Theranos #BitcoinDocumentary #SatoshiRevealed #FinanceRevolution #DecentralizedFinance $BTC

#TechMystery

BITCOIN

From BLACKPINK 블랙핑크

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华尔街在逃韭菜

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Adam Back directly named BIP-361 this time, feeling that the operation of freezing old wallet assets to defend against quantum attacks is too radical, advocating for a silent optional upgrade.
Big Brother remains steady, seeing through this plan that challenges the underlying consensus of "private property is sacred and inviolable." From a fundamental perspective, quantum security defense is a long-term compulsory course, but if the so-called security comes at the expense of the soul of decentralization, then BTC will lose its moat. This round of game actually lays the foundation for the next ten years; as long as consensus remains stable, the fundamentals cannot collapse.
In this proposal concerning the life and death of accounts, do you think security is more important, or is absolute control over assets more important? #Bitcoin #QuantumSafety #Web3 #AdamBack $BTC

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Black panther trading mindset-

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Bullish

$ADA
Cardano has become a ghost town for buyers, and the whales are officially feeding on small traders! 312 whales are already making huge profits from sell trades while buyers are stuck in losses. I will not fight the big money—I will join the predators.

I decided to enter a short position on ADAUSDT.
Entry: 0.2499
Targets: 0.2210
Stop loss: 0.2620

Stop hoping for the rise that won't come. DYOR.

#ADABullish #ADA #AdamBack #ADAAnalysis #BitcoinPriceTrends

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shoaibAk786

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🔥 BULLISH: Adam Back says $BTC Bitcoin has come a long way and continues to attract more people at LONGITUDE: Paris.

“$BTC Bitcoin is still evolving and it is important for us all to scale it to the next billion users so they can also benefit.”

#GoldmanSachsFilesforBitcoinIncomeETF
#AdamBack

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华尔街在逃韭菜

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Adam Back stated at the Paris Longitude conference that Bitcoin is still in the evolution stage, and the current focus is on solving scalability issues to accommodate the next billion users worldwide to share the dividends.
OGs are once again looking towards the vast ocean of "a billion users." Although this grand narrative can be repetitive, peeling back the emotions reveals the logic: once the liquidity dividends from ETFs are absorbed by the market, the industry indeed urgently needs smoother infrastructure to support breaking boundaries.
From a macro perspective, the cornerstone of global consensus has already been solidified. When an old-timer like Adam comes out to make a statement, it usually sets the tone for the next step in technological evolution. Don't just focus on the short-term fluctuations; the advancement of this underlying narrative is the hard currency that transcends cycles. However, that said, before the next billion people enter the market, can we first secure a bit of stable happiness for us old investors? #Bitcoin #Crypto #AdamBack $BTC

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DrRico

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#AdamBack
We will continue with the questions until everything is clarified hahaha good
$BTC

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VOLATILITY KING

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😄 Adam Back, co-founder of B..... and O..... c....., reportedly placed a *limit order to buy all 21 million BTC at $0.02* 💸

🧠 Why? Not because he expects it, but *just in case* the unthinkable happens — like a flash crash, massive glitch, or black swan event 💥🐦

This is called a *"lotto limit order"* — you don’t expect it to hit, but if it does... you just hit the crypto jackpot 🎰💰

It also reflects:
• 👀 Extreme confidence in BTC
• 📉 Readiness for freak price action
• 🛒 Smart planning for tail-risk events

Moral of the story: *Always be ready. Even if it's 0.02 BTC ready.* 😂🧠

#bitcoin #AdamBack

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Angila Hack rIiX

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Bearish

Here’s a quick summary of the $ADA /USDT data you provided:

Current Price

$0.6793 (down 0.56%)

24h Trading Data

High: $0.6892

Low: $0.6550

Volume ($ADA ): 88.24M

Volume (USDT): 59.38M

Technical Indicators

SAR (0.02, 0.2): 0.6574 (bullish signal if price stays above SAR)

RSI (6): 71.59 → Overbought zone (may suggest a possible pullback)

Support Levels (inferred): 0.6608, 0.6505, 0.6402

Resistance Levels (inferred): 0.6892, 0.6916

Performance: $ADA

7 Days: -0.21%

30 Days: +17.97%

90 Days: -3.73%

180 Days: +51.97%

1 Year: +51.12%

Market Sentiment

Currently strong short-term momentum (based on RSI), but near resistance and overbought levels, so a correction could be due.
#ADA #ADABullish #ARB #AdsPower #AdamBack

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Alexander Guevara

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🔥🔥🔥NEW: Michael Saylor's strategy outperformed Nvidia, Tesla, Google, Apple, and Microsoft due to #Bitcoin 🚀

✅LATEST NEWS: THE LEGEND OF THE CYPHERPUNK, ADAM BACK, SAYS THAT INSTITUTIONAL #BITCOIN PURCHASES WILL SOON CAUSE A "SUPPLY RECKONING"

#MichaelSaylor #MicroStrategy #BTC #AdamBack #Market_Update $BTC

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Mining Updates

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Article

Adam Back called Bitcoin undervalued and predicted growth to $1 million

Adam Back, CEO of Blockstream and one of the pioneers of Bitcoin, stated on May 15, 2025, that Bitcoin remains an undervalued asset with the potential to grow to $1 million per coin in the next decade. At the time of the statement, the price $BTC
fluctuates around $95,000, showing steady growth after the 2024 halving. Back stressed that the limited supply of Bitcoin (21 million coins) and increasing demand from institutional investors, particularly through ETFs, create ideal conditions for exponential growth.

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vijay231

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Bullish

#ADA 🔥 Cardano (ADA) Bulls Aim for $1.35 Recovery Amidst Market Crosscurrents🎁

Despite recent market volatility, some analysts are making a bullish case for Cardano (ADA), with price targets suggesting a potential recovery towards **$1.35**. This optimistic outlook is based on Cardano retesting a key support level and positive signals in its funding rate and bullish bets.#ADABullish

However, this bullish sentiment is contrasted by other analyses indicating potential downward pressure. The formation of a "death cross" on ADA's chart raises concerns about a possible decline towards the **$0.50** mark if crucial support around $0.70 is breached.#AdamBack

Adding another layer to the narrative, recent data highlights significant accumulation of ADA by large investors, or "whales." Over $200 million worth of ADA was moved in a single day from whale wallets, signaling strong confidence among these major holders in Cardano's future prospects. This accumulation trend often precedes bullish cycles.#ADAAnalysis

In ecosystem news, Cardano continues to see development and adoption. Notably, Filecoin has announced partnerships with both Solana and Cardano for blockchain integrations, potentially expanding the utility and interoperability of the Cardano network.#ADA/BNB

Overall, the current outlook for Cardano is a mix of potential bullish recovery based on technical retests and whale accumulation, alongside warnings of further downside risk indicated by other technical patterns. The market awaits further price action to confirm the dominant trend.$ADA

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Moon5labs

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Article

Adam Back Blames Ethereum’s EVM as the Main Cause of Bybit’s $1.4 Billion HackBlockstream CEO claims Ethereum Virtual Machine’s complexity enabled hackers to drain funds Prominent crypto figure Adam Back, known as a cypherpunk and CEO of Blockstream, took to X to share his thoughts on the recent Bybit hack, where the exchange lost $1.4 billion in ETH. Back pointed to Ethereum Virtual Machine (EVM) as the key factor that allowed hackers to successfully exploit the system and drain Bybit’s funds. ❌ Back Criticizes EVM Complexity as Ethereum’s Weakness According to Adam Back, the primary issue lies in the complexity of Ethereum transactions, making the network vulnerable to attacks. 📌 How did hackers exploit this weakness? 🔹 EVM is overly complex, making it difficult for hardware wallets to interpret transactions. 🔹 Blind signing of Ethereum transactions introduces security risks. 🔹 Bybit attempted to transfer $100 million in ETH from its cold wallet to a hot wallet, but hackers manipulated the process, ultimately draining $1.4 billion in total. Back described EVM as fragile, unsecure, and overly complicated, claiming that these weaknesses increase the risk of exploits. 🔍 How Did the Bybit Hack Happen? Bybit suffered one of the largest crypto exploits in history. 🔸 The hack was likely carried out by North Korea’s Lazarus Group, a state-backed hacking organization. 🔸 Hackers exploited vulnerabilities in Ethereum smart contracts while Bybit was transferring funds internally. 🔸 Bybit claims that the liquidity gap in ETH has now been fully closed. 🤔 Could Ethereum Perform a Rollback? A Throwback to the DAO Hack in 2016 After the attack, several Bitcoin maximalists, including Samson Mow (CEO of JAN3), sarcastically asked Vitalik Buterin if Ethereum would roll back the blockchain to recover the lost funds. This references the infamous 2016 DAO hack, where after a $60 million ETH exploit, the Ethereum community decided to hard fork, leading to the creation of Ethereum Classic (ETC). 🚨 However, Ethereum has no plans for a rollback this time – the Ethereum team stated that the hacker’s transactions were as valid as any other transaction on the network. 📢 What’s Next? Is Bitcoin’s Dominance Rising? Back emphasized that Bitcoin is growing in dominance, while Ethereum faces criticism over its EVM security flaws. ⚠️ Could this hack be a wake-up call for the development of safer blockchain technologies? ⚠️ Will Bitcoin and simpler blockchain structures become the future? #BybitHack , #CryptoNewss , #AdamBack , #CryptoSecurity , #blockchain Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Adam Back Blames Ethereum’s EVM as the Main Cause of Bybit’s $1.4 Billion Hack

Blockstream CEO claims Ethereum Virtual Machine’s complexity enabled hackers to drain funds
Prominent crypto figure Adam Back, known as a cypherpunk and CEO of Blockstream, took to X to share his thoughts on the recent Bybit hack, where the exchange lost $1.4 billion in ETH.
Back pointed to Ethereum Virtual Machine (EVM) as the key factor that allowed hackers to successfully exploit the system and drain Bybit’s funds.
❌ Back Criticizes EVM Complexity as Ethereum’s Weakness
According to Adam Back, the primary issue lies in the complexity of Ethereum transactions, making the network vulnerable to attacks.
📌 How did hackers exploit this weakness?
🔹 EVM is overly complex, making it difficult for hardware wallets to interpret transactions.
🔹 Blind signing of Ethereum transactions introduces security risks.
🔹 Bybit attempted to transfer $100 million in ETH from its cold wallet to a hot wallet, but hackers manipulated the process, ultimately draining $1.4 billion in total.
Back described EVM as fragile, unsecure, and overly complicated, claiming that these weaknesses increase the risk of exploits.

🔍 How Did the Bybit Hack Happen?
Bybit suffered one of the largest crypto exploits in history.
🔸 The hack was likely carried out by North Korea’s Lazarus Group, a state-backed hacking organization.
🔸 Hackers exploited vulnerabilities in Ethereum smart contracts while Bybit was transferring funds internally.
🔸 Bybit claims that the liquidity gap in ETH has now been fully closed.
🤔 Could Ethereum Perform a Rollback? A Throwback to the DAO Hack in 2016
After the attack, several Bitcoin maximalists, including Samson Mow (CEO of JAN3), sarcastically asked Vitalik Buterin if Ethereum would roll back the blockchain to recover the lost funds.
This references the infamous 2016 DAO hack, where after a $60 million ETH exploit, the Ethereum community decided to hard fork, leading to the creation of Ethereum Classic (ETC).
🚨 However, Ethereum has no plans for a rollback this time – the Ethereum team stated that the hacker’s transactions were as valid as any other transaction on the network.
📢 What’s Next? Is Bitcoin’s Dominance Rising?
Back emphasized that Bitcoin is growing in dominance, while Ethereum faces criticism over its EVM security flaws.
⚠️ Could this hack be a wake-up call for the development of safer blockchain technologies?
⚠️ Will Bitcoin and simpler blockchain structures become the future?

#BybitHack , #CryptoNewss , #AdamBack , #CryptoSecurity , #blockchain

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Adam Back Just Dropped a Bold $1M BTC Prediction – And the Timeline Is Shocking 🚀

13 Years Ago Today: ’s BitcoinTalk Introduction Highlights the Origins of Proof-of-Work

Adam Back called Bitcoin undervalued and predicted growth to $1 million

Adam Back Blames Ethereum’s EVM as the Main Cause of Bybit’s $1.4 Billion Hack

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