bybitsecuritybreach
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Bybit has detected unauthorized activity on one of its ETH cold wallets, compromised through a sophisticated attack manipulating the signing interface. The incident does not affect client funds, and all other cold wallets remain secure, according to Bybit.
With increasing crypto exchange security threats, how should platforms enhance cold wallet protection? Discuss below!
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Binance Co-Founder and Former CEO Offer Support Amid ByBit's $1.4 Billion ETH Hack
Following Bybit’s confirmation of a $1.4 billion Ethereum (ETH) security breach, Binance executives have extended their support, reinforcing the industry's collaborative stance on security.Bybit CEO Ben Zhou revealed that the exploit was executed through a masked UI attack on a multisig cold wallet transaction. The attackers manipulated the signing process to alter the smart contract logic, gaining control over the wallet and transferring its ETH holdings to an unknown address. Despite the breach, Zhou assured users that all other cold wallets remain secure and withdrawals are operating normally.Binance’s Immediate ResponseYi He, Binance’s co-founder, was quick to offer assistance, stating, "We are here when you need." Former Binance CEO CZ also weighed in, suggesting a proactive security measure to prevent further potential risks. "Not an easy situation to deal with. Might suggest to halt all withdrawals for a bit as a standard security precaution. Will provide any assistance if needed. Good luck!"
#BybitSecurityBreach Bybit, a cryptocurrency exchange, has suffered a significant security breach, resulting in the theft of approximately $1.4 billion worth of Ether (ETH) ¹. The breach occurred when an attacker compromised one of Bybit's ETH cold wallets, manipulating a transaction to drain funds.
According to Bybit's CEO, Ben Zhou, the attacker altered the smart contract logic, allowing them to steal the funds ². Zhou assured users that the exchange is investigating the breach and that all other cold wallets are secure.
The stolen funds were transferred to multiple wallets, with some already being sold on the market. Crypto analytics platform Arkham reported that the attacker has already sold $200 million worth of stETH ¹.
Bybit has emphasized that the exchange is solvent, even if the stolen funds are not recovered. The exchange has also assured users that all withdrawals are normal, and they will keep users updated on any developments ².
This security breach is
According to Bybit's CEO, Ben Zhou, the attacker altered the smart contract logic, allowing them to steal the funds ². Zhou assured users that the exchange is investigating the breach and that all other cold wallets are secure.
The stolen funds were transferred to multiple wallets, with some already being sold on the market. Crypto analytics platform Arkham reported that the attacker has already sold $200 million worth of stETH ¹.
Bybit has emphasized that the exchange is solvent, even if the stolen funds are not recovered. The exchange has also assured users that all withdrawals are normal, and they will keep users updated on any developments ².
This security breach is
Pi Network Faces Sharp Decline Amid Controversy – Key Support & Resistance Levels for Traders$ETH
The Pi Network recently witnessed a drastic price drop, plunging from $1.84 to below $1 within just six hours—marking a dramatic decline of over 100%. This sharp fall comes after Bybit CEO Ben Zhou publicly criticized the project, labeling it a scam and firmly stating that Bybit would not support or list it. His remarks have intensified concerns within the crypto community, leading to increased market volatility.$BNB
Technical Analysis & Entry Strategy
Pi Network's price action now faces critical support and resistance levels that traders should closely monitor. The major support level is positioned near $0.85, a crucial zone where buyers may step in to stabilize the price. On the upside, resistance is expected around $1.20, where selling pressure could emerge.$SOL
For those considering short-term trades, a potential entry point for longs is $0.88 - $0.92, with a stop-loss at $0.80 to mitigate risks. Meanwhile, short positions could be initiated at $1.10 - $1.15, with a stop-loss at $1.25 to protect against unexpected reversals.
Long-Term Perspective
In the long run, Pi Network's viability remains uncertain, especially with major exchanges distancing themselves from the project. If the price fails to regain stability above $1.00, it could continue its downtrend toward $0.70 - $0.75. Conversely, if bullish momentum strengthens and it breaks past $1.20, a potential recovery toward $1.50 could be in play.
Given the ongoing controversy, traders are advised to approach with caution, using tight risk management strategies. The market reaction to such statements highlights the influence of major industry leaders on price movements, making it essential to stay updated on developments.
#SECStaking #VIRTUALWhale #LitecoinETF #BybitSecurityBreach #BinanceAlphaAlert
The Pi Network recently witnessed a drastic price drop, plunging from $1.84 to below $1 within just six hours—marking a dramatic decline of over 100%. This sharp fall comes after Bybit CEO Ben Zhou publicly criticized the project, labeling it a scam and firmly stating that Bybit would not support or list it. His remarks have intensified concerns within the crypto community, leading to increased market volatility.$BNB
Technical Analysis & Entry Strategy
Pi Network's price action now faces critical support and resistance levels that traders should closely monitor. The major support level is positioned near $0.85, a crucial zone where buyers may step in to stabilize the price. On the upside, resistance is expected around $1.20, where selling pressure could emerge.$SOL
For those considering short-term trades, a potential entry point for longs is $0.88 - $0.92, with a stop-loss at $0.80 to mitigate risks. Meanwhile, short positions could be initiated at $1.10 - $1.15, with a stop-loss at $1.25 to protect against unexpected reversals.
Long-Term Perspective
In the long run, Pi Network's viability remains uncertain, especially with major exchanges distancing themselves from the project. If the price fails to regain stability above $1.00, it could continue its downtrend toward $0.70 - $0.75. Conversely, if bullish momentum strengthens and it breaks past $1.20, a potential recovery toward $1.50 could be in play.
Given the ongoing controversy, traders are advised to approach with caution, using tight risk management strategies. The market reaction to such statements highlights the influence of major industry leaders on price movements, making it essential to stay updated on developments.
#SECStaking #VIRTUALWhale #LitecoinETF #BybitSecurityBreach #BinanceAlphaAlert
$BTC
#BybitSecurityBreach The Reality of Trading: A Bitter Truth
My name is Naveed, and I want to share my personal experience with trading. I traded for two and a half years and lost $331. For some, this may not be much, but for others, it's a huge loss. I have seen my friends lose money too—this is real experience, not just assumptions.
The Deception of Trading
The biggest myth is that trading is about learning and strategy. In reality, the market is manipulated by big players to ensure small traders lose. As soon as you invest more, the market reverses, hitting your stop loss before moving in your expected direction.
Can You Make Money?
Even if you win multiple trades, one bad trade can wipe out all profits. Most traders believe they will make consistent money, but eventually, they lose everything.
Market Manipulation
When many traders short the market, it initially drops but then reverses, hitting stop losses.
Sudden, unpredictable market movements cause massive losses.
One wrong move can drain your entire account.
Accept the Reality
Trading is a trap! Those trading now will eventually stop after losing enough. I am sharing this truth so others don’t waste their hard-earned money.
Long-term holding may be fine, but day trading is a losing game.
If you haven’t started trading, don’t! If you already are, quit before you lose everything.
#BybitSecurityBreach The Reality of Trading: A Bitter Truth
My name is Naveed, and I want to share my personal experience with trading. I traded for two and a half years and lost $331. For some, this may not be much, but for others, it's a huge loss. I have seen my friends lose money too—this is real experience, not just assumptions.
The Deception of Trading
The biggest myth is that trading is about learning and strategy. In reality, the market is manipulated by big players to ensure small traders lose. As soon as you invest more, the market reverses, hitting your stop loss before moving in your expected direction.
Can You Make Money?
Even if you win multiple trades, one bad trade can wipe out all profits. Most traders believe they will make consistent money, but eventually, they lose everything.
Market Manipulation
When many traders short the market, it initially drops but then reverses, hitting stop losses.
Sudden, unpredictable market movements cause massive losses.
One wrong move can drain your entire account.
Accept the Reality
Trading is a trap! Those trading now will eventually stop after losing enough. I am sharing this truth so others don’t waste their hard-earned money.
Long-term holding may be fine, but day trading is a losing game.
If you haven’t started trading, don’t! If you already are, quit before you lose everything.
🚨UPDATE:
From the Sleepless Twelve Hours
Over the past 12 hours, our Bybuddies have worked tirelessly to support our users by:
- Borrowing ETH to facilitate withdrawals
- Increasing liquidity for USDT and USDC
But we weren’t alone. Many industry partners stood by us, working through the night to find solutions.
One of the most brilliant tech experts dedicated hours to identifying the root cause and provided Bybit with the first investigation report. The depth and professionalism of this report are remarkable. He even took the first flight to Dubai on his own initiative to join our security team and assist in the ongoing investigation—purely out of commitment to the industry.
“Just like him, many of our partners stepped up, proving that when the crypto industry is challenged, we come together to fight for it.” 💪💪
- Helen Liu, COO of Bybit
$SC
$BEL
$KAITO
#BybitSecurityBreach #LitecoinETF #VIRTUALWhale #VIRTUALWhale #ShohanurRahmanShuvo
From the Sleepless Twelve Hours
Over the past 12 hours, our Bybuddies have worked tirelessly to support our users by:
- Borrowing ETH to facilitate withdrawals
- Increasing liquidity for USDT and USDC
But we weren’t alone. Many industry partners stood by us, working through the night to find solutions.
One of the most brilliant tech experts dedicated hours to identifying the root cause and provided Bybit with the first investigation report. The depth and professionalism of this report are remarkable. He even took the first flight to Dubai on his own initiative to join our security team and assist in the ongoing investigation—purely out of commitment to the industry.
“Just like him, many of our partners stepped up, proving that when the crypto industry is challenged, we come together to fight for it.” 💪💪
- Helen Liu, COO of Bybit
$SC
$BEL
$KAITO
#BybitSecurityBreach #LitecoinETF #VIRTUALWhale #VIRTUALWhale #ShohanurRahmanShuvo
See original
#BTC
Bitcoin is the first decentralized digital currency, launched in 2009 by an anonymous person or group under the pseudonym "Satoshi Nakamoto". 以下是A quick summary of Bitcoin:
### 1. **Definition:**
- Bitcoin is a cryptocurrency based on blockchain technology, which is a chain of blocks that contain transaction data.
- Bitcoin is not controlled by any government or central financial institution, making it decentralized.
### 2. **Blockchain:**
- Blockchain is a public, distributed ledger that records all Bitcoin transactions.
- Transactions are confirmed through a process called "mining", where miners solve complex mathematical problems to add new blocks to the chain.
### 3. **Mining:**
- Mining is the process of using powerful computers to solve complex mathematical problems to confirm transactions and add new blocks to the blockchain.
- Miners are rewarded with new Bitcoins for their work.
### 4. **Limited Supply:**
- The maximum number of Bitcoins that can be mined is 21 million units, making it a rare and limited supply currency.
### 5. **Uses:**
- Bitcoin can be used as a means of online payment, as an investment, or as a fast and efficient international money transfer.
### 6. **Volatility:**
- The price of Bitcoin is known for its extreme volatility, as it can rise or fall significantly in a short period of time#BybitSecurityBreach #莱特币ETF #LitecoinETF
Bitcoin is the first decentralized digital currency, launched in 2009 by an anonymous person or group under the pseudonym "Satoshi Nakamoto". 以下是A quick summary of Bitcoin:
### 1. **Definition:**
- Bitcoin is a cryptocurrency based on blockchain technology, which is a chain of blocks that contain transaction data.
- Bitcoin is not controlled by any government or central financial institution, making it decentralized.
### 2. **Blockchain:**
- Blockchain is a public, distributed ledger that records all Bitcoin transactions.
- Transactions are confirmed through a process called "mining", where miners solve complex mathematical problems to add new blocks to the chain.
### 3. **Mining:**
- Mining is the process of using powerful computers to solve complex mathematical problems to confirm transactions and add new blocks to the blockchain.
- Miners are rewarded with new Bitcoins for their work.
### 4. **Limited Supply:**
- The maximum number of Bitcoins that can be mined is 21 million units, making it a rare and limited supply currency.
### 5. **Uses:**
- Bitcoin can be used as a means of online payment, as an investment, or as a fast and efficient international money transfer.
### 6. **Volatility:**
- The price of Bitcoin is known for its extreme volatility, as it can rise or fall significantly in a short period of time#BybitSecurityBreach #莱特币ETF #LitecoinETF
#BybitSecurityBreach $ETH Now you know why EU is more reserved about making crypto part of their central bank reserves. It’s too risky for now. It’s impossible to hack gold. Fiat currencies can always be traced and recovered by governments.
Although there is no definite conclusion so far, according to Elliptic, it is possible that North Korea’s Lazarus Group, a state-sponsored hacking group did this. For state actors it is much easier for them to cash out such large amount of ETH assets. This could also explain why their leader continues to enjoy luxurious life despite harsh sanctions while the grassroots suffer.
This security breach drags down overall crypto prices. But the future is still bright.
Although there is no definite conclusion so far, according to Elliptic, it is possible that North Korea’s Lazarus Group, a state-sponsored hacking group did this. For state actors it is much easier for them to cash out such large amount of ETH assets. This could also explain why their leader continues to enjoy luxurious life despite harsh sanctions while the grassroots suffer.
This security breach drags down overall crypto prices. But the future is still bright.
#BybitSecurityBreach
Bybit, a cryptocurrency exchange, recently suffered a significant security breach, resulting in the theft of approximately $1.4 billion worth of Ethereum-based tokens, including liquid-staked Ether (stETH), Mantle Staked ETH (cmETH), and MegaETH (mETH) ¹ ².
The breach occurred when an attacker manipulated a transaction, masking the signing interface and altering the underlying smart contract logic. This allowed the attacker to gain control of Bybit's ETH multisig cold wallet and transfer its holdings to an unidentified address ¹ ².
Bybit's CEO, Ben Zhou, confirmed the hack and assured users that the exchange remains solvent, with all client assets 1:1 backed. The exchange is working with partners to secure bridge loans to cover the losses ¹ ².
The stolen funds were distributed across over 40 wallets, with the attacker already selling around $200 million worth of stETH ². Crypto experts have advised exchanges and service providers to blacklist the addresses linked to the stolen funds to prevent further transactions.
Bybit has emphasized its commitment to security, utilizing advanced security technologies and protocols to protect user assets ³. The exchange is investigating the incident and working to prevent similar breaches in the future.
Bybit, a cryptocurrency exchange, recently suffered a significant security breach, resulting in the theft of approximately $1.4 billion worth of Ethereum-based tokens, including liquid-staked Ether (stETH), Mantle Staked ETH (cmETH), and MegaETH (mETH) ¹ ².
The breach occurred when an attacker manipulated a transaction, masking the signing interface and altering the underlying smart contract logic. This allowed the attacker to gain control of Bybit's ETH multisig cold wallet and transfer its holdings to an unidentified address ¹ ².
Bybit's CEO, Ben Zhou, confirmed the hack and assured users that the exchange remains solvent, with all client assets 1:1 backed. The exchange is working with partners to secure bridge loans to cover the losses ¹ ².
The stolen funds were distributed across over 40 wallets, with the attacker already selling around $200 million worth of stETH ². Crypto experts have advised exchanges and service providers to blacklist the addresses linked to the stolen funds to prevent further transactions.
Bybit has emphasized its commitment to security, utilizing advanced security technologies and protocols to protect user assets ³. The exchange is investigating the incident and working to prevent similar breaches in the future.
Today's PNL
2025-02-22
+$0
+0.02%
$ETH Predicting the future performance of cryptocurrencies like Ethereum (ETH) and Pi Coin is inherently uncertain and subject to various market and economic factors.
#BybitSecurityBreach
That being said, here are some general observations and insights:
Ethereum (ETH)
1. *Established player*: As the largest altcoin and second-largest cryptocurrency by market capitalization, Ethereum has a strong track record and a large, active developer community.
2. *Upgrades and adoption*: The transition to Ethereum 2.0 (Serenity) and the implementation of sharding, Layer 2 scaling solutions, and other upgrades are expected to improve the network's scalability, security, and usability, potentially driving adoption and price growth.
3. *DeFi and NFTs*: Ethereum's dominant position in the decentralized finance (DeFi) and non-fungible token (NFT) spaces, with popular platforms like Uniswap, Aave, and OpenSea, contributes to its value and potential for future growth.
Pi Coin
1. *Newcomer*: Pi Coin is a relatively new cryptocurrency, launched in 2019, with a focus on mobile mining and a user-friendly, decentralized platform.
2. *Growing community*: Pi Coin has gained popularity, with a growing community of users and a strong social media presence.
3. *Potential for growth*: As Pi Coin continues to develop its ecosystem, including the launch of its mainnet and the introduction of new features and use cases, it may attract more users and investors, potentially driving up its value.
Predictions
Keep in mind that these are general predictions and not investment advice:
1. *Short-term (2023-2024)*: Ethereum's price may experience volatility, with potential fluctuations between $2,000 and$ETH $5,000. Pi Coin's price may see significant growth, potentially reaching $10-$50.
2. *Long-term (2025-2030)*: Ethereum's price could reach $10,000-$20,000, driven by widespread adoption and the continued growth of the DeFi and NFT spaces. Pi Coin's price may stabilize, potentially reaching $50-$100.
#BybitSecurityBreach
That being said, here are some general observations and insights:
Ethereum (ETH)
1. *Established player*: As the largest altcoin and second-largest cryptocurrency by market capitalization, Ethereum has a strong track record and a large, active developer community.
2. *Upgrades and adoption*: The transition to Ethereum 2.0 (Serenity) and the implementation of sharding, Layer 2 scaling solutions, and other upgrades are expected to improve the network's scalability, security, and usability, potentially driving adoption and price growth.
3. *DeFi and NFTs*: Ethereum's dominant position in the decentralized finance (DeFi) and non-fungible token (NFT) spaces, with popular platforms like Uniswap, Aave, and OpenSea, contributes to its value and potential for future growth.
Pi Coin
1. *Newcomer*: Pi Coin is a relatively new cryptocurrency, launched in 2019, with a focus on mobile mining and a user-friendly, decentralized platform.
2. *Growing community*: Pi Coin has gained popularity, with a growing community of users and a strong social media presence.
3. *Potential for growth*: As Pi Coin continues to develop its ecosystem, including the launch of its mainnet and the introduction of new features and use cases, it may attract more users and investors, potentially driving up its value.
Predictions
Keep in mind that these are general predictions and not investment advice:
1. *Short-term (2023-2024)*: Ethereum's price may experience volatility, with potential fluctuations between $2,000 and$ETH $5,000. Pi Coin's price may see significant growth, potentially reaching $10-$50.
2. *Long-term (2025-2030)*: Ethereum's price could reach $10,000-$20,000, driven by widespread adoption and the continued growth of the DeFi and NFT spaces. Pi Coin's price may stabilize, potentially reaching $50-$100.
See original
On February 21, 2025, U.S. senators urged the Securities and Exchange Commission (SEC) to reevaluate its position on cryptocurrency exchange-traded funds (ETFs). They noted that clear and specific regulation of these financial products could boost confidence in financial markets and attract more institutional investment.
This call comes at a sensitive time, as the cryptocurrency industry has experienced significant volatility, including the Bybit hack that stole $1.4 billion worth of Ethereum. These events highlight the need for a robust regulatory framework to protect investors and promote market stability.
For its part, the SEC confirmed that it continues to evaluate the current status of cryptocurrency ETFs, with a focus on protecting investors and ensuring the integrity of financial markets.
This dialogue between lawmakers and regulators is expected to lead to the development of new policies aimed at better regulating the cryptocurrency industry, which will help boost confidence in this growing sector.
#BybitSecurityBreach
#LitecoinETF
#VIRTUALWhale
This call comes at a sensitive time, as the cryptocurrency industry has experienced significant volatility, including the Bybit hack that stole $1.4 billion worth of Ethereum. These events highlight the need for a robust regulatory framework to protect investors and promote market stability.
For its part, the SEC confirmed that it continues to evaluate the current status of cryptocurrency ETFs, with a focus on protecting investors and ensuring the integrity of financial markets.
This dialogue between lawmakers and regulators is expected to lead to the development of new policies aimed at better regulating the cryptocurrency industry, which will help boost confidence in this growing sector.
#BybitSecurityBreach
#LitecoinETF
#VIRTUALWhale
See original
#BybitSecurityBreach $ETH Tracking their movements can provide valuable clues about market trends. With the rise of decentralized finance (DeFi), Ethereum plays a key role in the crypto ecosystem. Could an eth Virtual Whale become an indicator of confidence or volatility for traders? On-chain analysis and observing large transactions remain essential tools to better understand the market.
$TST
T /USDT Trade Signal – Massive Surge, But Can It Hold?
TST
0.1192
+40.07%
$TST /USDT has witnessed an explosive move, reaching a high of $0.0957 within the last 24 hours. The price is currently at $0.0942, showing strong bullish momentum, but traders must watch for potential pullbacks or continuation signals.
Price: $0.0942
24h High: $0.0957
24h Low: $0.0775
Key Levels to Watch
Support: $0.0900 → Holding above this level can sustain the rally.
Resistance: $0.0957 → A breakout could lead to $0.1000+.
Trade Setup
Long Entry: Above $0.0950, targeting $0.0980 | $0.1010 | $0.1040.
Short Entry: Below $0.0900, targeting $0.0870 | $0.0840 | $0.0810.
Stop Loss: $0.0925 (for long) and $0.0965 (for short).
Quick Tips
MACD remains bullish, confirming strong momentum.
Volume spike indicates high interest, but watch for exhaustion.
Rejection from $0.0957 resistance could trigger a short-term pullback.#BybitSecurityBreach #LitecoinETF
T /USDT Trade Signal – Massive Surge, But Can It Hold?
TST
0.1192
+40.07%
$TST /USDT has witnessed an explosive move, reaching a high of $0.0957 within the last 24 hours. The price is currently at $0.0942, showing strong bullish momentum, but traders must watch for potential pullbacks or continuation signals.
Price: $0.0942
24h High: $0.0957
24h Low: $0.0775
Key Levels to Watch
Support: $0.0900 → Holding above this level can sustain the rally.
Resistance: $0.0957 → A breakout could lead to $0.1000+.
Trade Setup
Long Entry: Above $0.0950, targeting $0.0980 | $0.1010 | $0.1040.
Short Entry: Below $0.0900, targeting $0.0870 | $0.0840 | $0.0810.
Stop Loss: $0.0925 (for long) and $0.0965 (for short).
Quick Tips
MACD remains bullish, confirming strong momentum.
Volume spike indicates high interest, but watch for exhaustion.
Rejection from $0.0957 resistance could trigger a short-term pullback.#BybitSecurityBreach #LitecoinETF
The Reality of Trading: A Bitter Truth
My name is Naveed, and I want to share my personal experience with trading. I traded for two and a half years and lost $331. For some, this may not be much, but for others, it's a huge loss. I have seen my friends lose money too—this is real experience, not just assumptions.
The Deception of Trading
The biggest myth is that trading is about learning and strategy. In reality, the market is manipulated by big players to ensure small traders lose. As soon as you invest more, the market reverses, hitting your stop loss before moving in your expected direction.
Can You Make Money?
Even if you win multiple trades, one bad trade can wipe out all profits. Most traders believe they will make consistent money, but eventually, they lose everything.
Market Manipulation
When many traders short the market, it initially drops but then reverses, hitting stop losses.
Sudden, unpredictable market movements cause massive losses.
One wrong move can drain your entire account.
Accept the Reality
Trading is a trap! Those trading now will eventually stop after losing enough. I am sharing this truth so others don’t waste their hard-earned money.
Long-term holding may be fine, but day trading is a losing game.
If you haven’t started trading, don’t! If you already are, quit before you lose everything.#BybitSecurityBreach #LitecoinETF #LitecoinETF $BTC
My name is Naveed, and I want to share my personal experience with trading. I traded for two and a half years and lost $331. For some, this may not be much, but for others, it's a huge loss. I have seen my friends lose money too—this is real experience, not just assumptions.
The Deception of Trading
The biggest myth is that trading is about learning and strategy. In reality, the market is manipulated by big players to ensure small traders lose. As soon as you invest more, the market reverses, hitting your stop loss before moving in your expected direction.
Can You Make Money?
Even if you win multiple trades, one bad trade can wipe out all profits. Most traders believe they will make consistent money, but eventually, they lose everything.
Market Manipulation
When many traders short the market, it initially drops but then reverses, hitting stop losses.
Sudden, unpredictable market movements cause massive losses.
One wrong move can drain your entire account.
Accept the Reality
Trading is a trap! Those trading now will eventually stop after losing enough. I am sharing this truth so others don’t waste their hard-earned money.
Long-term holding may be fine, but day trading is a losing game.
If you haven’t started trading, don’t! If you already are, quit before you lose everything.#BybitSecurityBreach #LitecoinETF #LitecoinETF $BTC
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