Posts from the 'Quoted' Category

Anndy Lian flags inflation as hidden in money printing

Anndy Lian flags inflation as hidden in money printing

Anndy Lian has raised concerns about inflation, describing it as the ‘hidden terms and conditions’ often overlooked when new money is printed. This metaphorical reference suggests that the effects of increasing the money supply can lead to inflationary pressures that may not be immediately apparent to the public.

 

 

Lian’s warning about inflation as an often-overlooked consequence of monetary expansion reflects broader uncertainties confronting digital asset markets. These complexities are reminiscent of his previous examination of the challenges impacting crypto amid market recalibration, including external threats and economic instability. Additionally, his scrutiny of VC coins’ follower surges highlights further vulnerabilities within rapidly evolving financial ecosystems.

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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Trust Wallet will cover $7M lost in Christmas Day hack, CZ says

Trust Wallet will cover $7M lost in Christmas Day hack, CZ says

Trust Wallet users lost about $7 million in a Christmas Day exploit that had been planned since early December.

Trust Wallet’s browser extension version 2.68 was compromised by a security incident impacting desktop users, Trust Wallet said in a Thursday X post; it advised users to upgrade to version 2.89.

Changpeng Zhao, co-founder of Binance, which owns the cryptocurrency wallet that claims to serve 220 million users, said in a Friday X post that the lost funds will be covered.

Cryptocurrency wallet exploits have been an increasing threat to digital asset investors.  Personal wallet compromises accounted for 37% of the value stolen in 2025, if the $1.4 billion Bybit hack in February is excluded, according to Chainalysis.

Still, the $7 million Trust Wallet exploit pales in comparison to some of the biggest wallet hacks. In February 2024, the co-founder of play-to-earn game Axie Infinity, Jeff Zirlin, lost $9.7 million worth of Ether to a suspected wallet exploit.

Crypto industry watchers raise insider concerns following Trust Wallet exploit

The orchestrators of the attack on Trust Wallet had been preparing the exploit as early as Dec. 8, wrote Yu Xian, co-founder of blockchain security firm SlowMist, in a Friday X post. A machine translation of his post read:

“The attacker started preparations at least on [Dec. 8], successfully implanted the backdoor on [Dec. 22], began transferring funds on [Christmas Day], and thus was discovered.”

The backdoor code was also collecting users’ personal information, which was sent to the attacker’s server.

According to onchain detective ZachXBT, “hundreds” of Trust Wallet users were affected.

Some industry watchers pointed to signs of potential insider activity from the exploit, as the attacker was able to submit a new version of the Trust Wallet extension on the website.

“This kind of ‘hack’ is not natural. The chances of insider is high,” intergovernmental blockchain adviser Anndy Lian wrote in a Friday X post.

Zhao agreed that the exploit was “most likely” an insider.

SlowMist’s Xian also noted that the attacker was “very familiar with the Trust Wallet extension’s source code,” which enabled them to implement the backdoor code necessary to collect sensitive user information.

 

Source: https://cointelegraph.com/news/trust-wallet-cover-7m-hack-zhao

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Anndy Lian champions crypto community’s impact over luxury

Anndy Lian champions crypto community’s impact over luxury

Anndy Lian took to social media to assert that true satisfaction cannot be derived from luxury items such as a Ferrari, Richard Mille watches, or a Gulfstream jet.

Instead, he emphasized that the real achievement comes from building and being part of crypto communities.

 

 

Lian’s remarks on the intangible rewards of community building in crypto resonate amid ongoing industry shifts, reflecting perspectives he previously shared during December’s pivotal phase of the crypto liquidity crisis. His advocacy for utilizing digital assets to drive tangible impact, such as encouraging the use of BNB for animal shelter support, further underscores his commitment to the broader potential of the cryptocurrency sector beyond mere material gains.

 

Source: https://tradersunion.com/news/market-voices/show/1041519-crypto-communities-impact/

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j