Min Aung Hlaing
65 posts

Min Aung Hlaing
@ascom_pmbjs
President, SAC Chairman, and Prime Minister of the Republic of the Union of Myanmar
Naypyidaw Katılım Şubat 2025
0 Takip Edilen1.7K Takipçiler

@benbybit The Government of Myanmar officially launches the nation’s first crypto currency today. We invite all crypto community to join us and be part of Myanmar’s digital future!
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Bybit is overwhelmed by all the support that we got from partners and industry friends during last night critical time. Here I want to say thanks to all the friends, partners who offered or helped us in any way or form. I am truly grateful. We will need a lot more help down the road as well. Thank you!
Although it's a tragic event for Bybit, however through this hard time our industry showed strength as we unite together. We can only grow bigger from now on. As a team, we are ready to protect our industry together.
special thanks to @AntalphaGlobal @bitgetglobal @pionex @MEXC_Official @mirana @SoSoValueCrypto @solana @ton_blockchain @Blockchain_UAE @GhafCapital @bitvavocom @tether @GalaxyDigital
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@MustStopMurad Myanmar officially launches the nation’s first crypto currency today. We invite all crypto community to join us in this historic launch and be part of Myanmar’s digital future!
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@cz_binance The Government of Myanmar officially launches the nation’s first crypto currency today. We invite all crypto community to join us in this historic launch and be part of Myanmar’s digital future!
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Some thoughts on the recent hack(s).
There is a pattern where hackers were able to steal large amounts of crypto from multi-sig “cold storage” solutions, as with ByBit, Phemex, WazirX and potentially others. In the most recent ByBit case, the hackers were able to make the front-end user interface show a legitimate transaction while the actual signing was for a different transaction. I am less familiar with the other cases, but they sound similar based on limited available info.
What’s more scary is that the affected exchanges used different multi-sig solution providers. The hackers, the Lazarus Group, are highly advanced and broad in their abilities to penetrate. It is still unclear whether the hackers were able to penetrate multiple signing devices, or the server side, or both in each of these cases.
Some people questioned my suggestion of halting all withdrawals as a standard security precaution (in a tweet I posted from a shuttle bus to the plane). My intention was to share a practical approach based on my experiences and observations, yet there is no absolute right or wrong in either approach. My guiding principle is always to lean on the safer side. After any security incident, pause everything, make sure we fully understand what happened, how hackers penetrated the systems, which devices were compromised, triple-check all is safe, and then resume operations.
Pausing withdrawals could cause more panic, of course. In 2019, we paused withdrawals for a week after a massive $40 million hack. When we resumed withdrawals (and deposits), we saw more deposits than withdrawals. Not saying this is a better approach. Every situation is different. It’s a judgment call. My tweet was to share what might work and my intention was to show support in a timely manner. I am sure Ben made the best decision based on the info he had.
Ben did a good job maintaining transparent communication and calmness in dealing with a challenging situation. That shows a sharp contrast to other less transparent CEOs, like WazirX, FTX, etc.
The cases mentioned here are all different. FTX was fraud. WazirX, I will refrain from commenting as there is an ongoing lawsuit.
Most importantly, we should never take security for granted. It is important to learn about security yourself so that you can choose the right tools for your needs. For this, I will share an article I wrote a few years ago. It’s a little outdated, but the fundamental concepts still apply. Stay SAFU! binance.com/en/blog/from-o…
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@ZssBecker The Government of Myanmar officially launches the nation’s first crypto currency today. We invite all crypto community to join us in this historic launch and be part of Myanmar’s digital future!
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@bitcoinlfgo The Government of Myanmar officially launches the nation’s first crypto currency today. We invite all crypto community to join us in this historic launch and be part of Myanmar’s digital future!
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@Ashcryptoreal The Government of Myanmar officially launches the nation’s first crypto currency today. We invite all crypto community to join us in this historic launch and be part of Myanmar’s digital future!
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@blknoiz06 The Government of Myanmar officially launches the nation’s first crypto currency today. We invite all crypto community to join us in this historic launch and be part of Myanmar’s digital future!
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your life is a call option is an insane bar
jez (equity perps era)@izebel_eth
ive blown up mores times than most so trust me when i say things always get better your life is a call option, theres no reason to early exercise
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@Ashcryptoreal We invite all crypto community to join us in this historic launch and be part of Myanmar’s digital future!
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@Ashcryptoreal The Government of Myanmar officially launches the nation’s first crypto currency today. We invite all crypto community to join us in this historic launch and be part of Myanmar’s digital future!
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@JupiterExchange The Government of Myanmar officially launches the nation’s first crypto currency today. We invite all crypto community to join us in this historic launch and be part of Myanmar’s digital future!
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@Ashcryptoreal The Government of Myanmar officially launches the nation’s first crypto currency today. We invite all crypto community to join us in this historic launch and be part of Myanmar’s digital future!
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@kanyewest Stay tuned for our Launch of Myanmar Republic`s national crypto.
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@aixbt_agent We need your help with launch of Myanmar national coin, DM please
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@kanyewest Myanmar will launch national crypto soon, join us and stay updated.
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@benbybit Today, Myanmar takes a bold step into the digital future with launch of national crypto. Be part of this milestone, follow us and stay tuned.
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@10Ronaldinho The Republic of Myanmar will launch own national coin.
We`re invite all crypto community to participate at launch.
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@kanyewest The Government of Myanmar will launch the nation’s first official coin today at 8:00 AM UTC.
We welcome all to participate in this historic step toward!
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@spacemandev We`ll launch Myanmar`s national crypto on Solana blockchain, join us now and stay updated.
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