Rubi Network Official

23/03/2025

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Rubyly

⚠️ Rubimily and the Forty Thieves!



admin

2025-03-19 17:38:16

20 Comments

641.08k views

⚠️ WE ARE UNDER ATTACK!

Hey there! How was your week?
Shocking news is that RUBI Network had a terrible week, so today I am using this newsletter to inform you about what went wrong!

Have you ever heard of the story "Alibaba and the 40 thieves"? That is the title of a story that most of us Vietnamese know, I don't know if in your country that story has a more interesting title or not.

The story is set in ancient Persia and tells of a group of robbers or thieves who stole a lot of people's property and piled it up. But the end of the story did not end well for the thieves, who were unable to enjoy the wealth they had stolen.

And coincidentally, in the past few days, we have seen such bad thefts right on the RUBI Network. It was so bad that many people did not even know "they were being robbed" until they read this article. Whatever happened, it happened, thieves came to your house and stole your precious RUBI that you had mined.

Although we took immediate action, actively finding and handling the situation before we published this article to you! We took drastic measures, tracked down and restrained the thieves and their accomplices.

Now! Let me explain in detail what happened!

FIRST REPORT!
On March 13th I received the first issue report sent by 2 Nigerian community ambassadors! It was a Nigerian miner who discovered that his 986 RBL was being moved to a new wallet on his own account that he did not create , and he did not have the private key to. This was a first report of this kind, a type of alert that we have not received before.

The amount of more than 900 RBL is a huge amount for a miner to mine, this is a loss that he will almost never be able to compensate for with further mining. Because this number is so serious, we immediately investigated what happened.

SERIES OF THEFTS

Also on the 13th, after discovering more victims, we tracked the victim wallets and found a series of thieves in the act of stealing. We quickly tracked the thief wallets and discovered more victims and where the thieves stored the stolen assets.

On the 15th we decided to update the source code to implement new tools to support the tracking and verification of fraudulent accounts, consumer accounts, and storage accounts.
A race was on, Rubi Network made continuous updates and aggressively tracked, while the thieves also continuously created new wallets to continue stealing, hiding and quickly finding ways to disperse the stolen assets. The race was fierce while most of the miners were sleeping and no one knew about the incident.

THIS IS 40 THIEVES?

After looking at the characteristics of this attack, they showed that this was not a single attack, but was carried out by many thieves, which is why I thought of the story of "40 Thieves". All the characteristics of the attack have shown that this is a common Phishing attack that has been quite popular in the past few years.

The thieves we found were mainly from Iraq, and when we tracked them down, we found so many other thieves that we exclaimed with humor! "Damn - we are dealing with the descendants of the famous thieves from the story of the 40 thieves".

These thieves committed the theft in unison with quick movements, professionalism and speed of ex*****on that showed that these were people with rich experience in the profession of theft.

There were really a lot of them, they acted very quickly, but so did our team! In a few days we quickly added the source code and carried out the tracking and found many "treasures" where they kept what they stole.

HOW THE THIEFS DO IT.

Did the thieves get the Rubies from your wallet? No, they do not attack your wallet, instead they try to hack into the mining pool to steal the mined Rubies that have not been transferred to the wallet. These thieves perform PHISHING attacks to gain access to your account, then they steal the mined RUBI that is sitting outside your wallet.

And here is the sequence they did.

Step 1: They got your email and password in many ways and got access to your account

Step 2: They access the account and check the account status, see if it has been KYCed, see if there is a balance outside?

Step 3: If you have KYC and have untransferred balances, they will go to the wallet creation section and create a new wallet (which is controlled by the thief)

Step 4: They connect the newly created wallet to your account and then create a migration request for all the Rubies from the mining pool to the new wallet.

Step 5: They then quickly transfer all the stolen funds to a wallet on another account that they control.

DAMAGE ESTIMATION

This is a bad attack on the Rubi Network, Phishing attacks are commonly known, attackers perform fraudulent activities to gain access to accounts and passwords, then gain access and commit theft. A typical such attack happened in early 2024 when a group of young scammers scammed away $230 million worth of Bitcoin at that time.

Here are the estimated figures for the damage in the terrible attack by the "40 robbers" on Rubi!

• Hundreds of victims:
Based on what has happened, the number of victims observed has reached several hundred victims and may continue to expand, the victims come from many countries, including Nigeria, Vietnam, India, Indonesia, Pakistan and several others.

• Dozens of attackers:
Several dozen direct attackers, and hundreds of people involved in supporting the hoarding and consumption, they create a complex network of movements to make it difficult to trace.

• Amount of stolen assets:
Based on known figures, the amount of stolen Rubi may be up to more than 400,000 RBL, this is clearly a very serious number. However, the majority of the stolen Rubies are still in the wallets of the thieves, while the rest, up to hundreds of thousands of Rubies, are being sold off at low prices. We are indeed witnessing history repeating itself, and it has always been a part of development.

• Countries with many victims:
Tracking data shows that the attackers were mainly from Iraq, but the victims came from all over the world. The tracking data shows that these are the countries most affected by this crisis: Vietnam, Nigeria, Pakistan, India, Indonesia, Bangladesh, Türkiye, Philippines
IF YOU ARE A VICTIM!

Since the number of victims seen has reached hundreds, we consider this a serious crisis! Please check your account immediately and let us know if you are being attacked by Phishing! Providing more information will help us track down faster and resolve this crisis soon.

How to check:
Go to your account and check for any unusual signs:

• See if there are any new wallets created without your knowledge,
• See if there are any mining Rubi movements made without your knowledge.

A race is on, Rubi Network makes continuous updates and aggressively tracks, while the thieves also continuously create new wallets to continue stealing, hiding and quickly looking for ways to disperse the stolen assets. The race was fierce while most of the miners were sleeping and no one knew about it.

THIS IS THE 40 THIEVES?

After looking at the characteristics of this attack, they showed that this was not a single attack, but was carried out by many thieves, which is why I thought of the story of "40 Thieves". All the characteristics of the attack pointed to the fact that this was a common Phishing attack that had been quite popular in the past few years.

The thieves we found were mainly from Iraq, and when we traced them, we found many other thieves, we exclaimed humorously! "This is bad - we are dealing with the descendants of the famous thieves from the story of 40 Thieves".

These thieves carried out the theft in a coordinated manner with quick movements, professionalism and speed of ex*****on, showing that these are people with rich experience in the profession of theft.

There were indeed many of them, they acted very quickly, but so did our team! In a few days we quickly added the source code and did the tracking and found many "treasures" where they kept what they stole.

HOW THE THIEVES DO IT.

Did the thieves steal Rubies from your wallet? No, they did not attack your wallet, instead they tried to pe*****te the mining area to steal the mined Rubies that had not yet been transferred to the wallet. These thieves performed PHISHING attacks to gain access to your account, then they stole the mined RUBI that was lying outside your wallet.

And here is the sequence they did.

Step 1: They got your email and password in many ways and got access to your account

Step 2: They access your account and check your account status, see if you have KYC, see if there is a balance outside?

Step 3: If you have KYC and have a balance that has not been transferred to the wallet, they will go to the wallet creation section and create a new wallet (this wallet is controlled by the thief)

Step 4: They connect the newly created wallet to your account and then create a migration request for all the Rubies from the mining area to the new wallet.

Step 5: They then quickly transfer all the stolen coins to a wallet on another account that they control.IF YOU ARE A VICTIM!

Since the number of victims seen has reached hundreds, we consider this a serious crisis! Please check your account immediately and let us know if you are being attacked by Phishing! Providing more information will help us track down faster and resolve this crisis soon.

How to check:
Go to your account and check for any unusual signs:

• See if there are any new wallets created without your knowledge,
• See if there are any mining Rubi movements made without your knowledge.

A race is on, Rubi Network makes continuous updates and aggressively tracks, while the thieves also continuously create new wallets to continue stealing, hiding and quickly looking for ways to disperse the stolen assets. The race was fierce while most of the miners were sleeping and no one knew about it.

THIS IS THE 40 THIEVES?

After looking at the characteristics of this attack, they showed that this was not a single attack, but was carried out by many thieves, which is why I thought of the story of "40 Thieves". All the characteristics of the attack pointed to the fact that this was a common Phishing attack that had been quite popular in the past few years.

The thieves we found were mainly from Iraq, and when we traced them, we found many other thieves, we exclaimed humorously! "This is bad - we are dealing with the descendants of the famous thieves from the story of 40 Thieves".

These thieves carried out the theft in a coordinated manner with quick movements, professionalism and speed of ex*****on, showing that these are people with rich experience in the profession of theft.

There were indeed many of them, they acted very quickly, but so did our team! In a few days we quickly added the source code and did the tracking and found many "treasures" where they kept what they stole.

HOW THE THIEVES DO IT.

Did the thieves steal Rubies from your wallet? No, they did not attack your wallet, instead they tried to pe*****te the mining area to steal the mined Rubies that had not yet been transferred to the wallet. These thieves performed PHISHING attacks to gain access to your account, then they stole the mined RUBI that was lying outside your wallet.

And here is the sequence they did.

Step 1: They got your email and password in many ways and got access to your account
Step 2: They access the account and check the account status, see if it has been KYC'd, see if there is a balance outside?

Step 3: If you have been KYC'd and have a balance that has not been transferred to the wallet, they will go to the wallet creation section and create a new wallet (this wallet is controlled by the thief)

Step 4: They connect the newly created wallet to your account and then create a migration request for all the Rubies from the mining area to the new wallet.

Step 5: They then quickly transfer all the stolen coins to a wallet on another account that they control.

DAMAGE ESTIMATION

This is a bad attack on the Rubi Network, Phishing attacks are commonly known, attackers perform fraudulent activities to gain access to accounts and passwords, then gain access and steal. A typical attack like this happened in early 2024 when a group of young scammers scammed away $230 million worth of Bitcoin at the time.

Here are the estimated figures for the damage in the terrible attack by the "40 robbers" on Rubi!

• Hundreds of victims:
Based on what happened, the number of victims observed has reached several hundred victims and may continue to expand, with victims coming from many countries, including Nigeria, Vietnam, India, Indonesia, Pakistan and a few others.

• Dozens of attackers:
A few dozen direct attackers, and hundreds of people involved in supporting the hoarding and consumption, they create a complex network of movements that makes it difficult to trace.

• Number of stolen assets:
Based on known figures, the number of stolen Rubies could be more than 400,000 RBL, which is clearly a very serious number. However, the majority of the stolen Rubies are still in the wallets of the thieves, while another portion, up to hundreds of thousands of Rubies, is consumed by them through cheap dumping. We are really witnessing the lesson of history repeating itself, and it always repeats as part of the development.

• Countries with many victims:
Tracing data shows that the attackers are mainly from Iraq, but the victims come from all over the world. Tracing data shows that these are the countries most affected in this crisis: Vietnam, Nigeria, Pakistan, India, Indonesia, Bangladesh, Turkey, Philippines

IF YOU ARE A VICTIM!

Since the number of victims seen has reached hundreds, we consider this a serious crisis! Please check your account immediately and let us know if you are being attacked by Phishing! Providing more information will help us track down the issue faster and resolve the crisis sooner.

How to check:
Go to your account and check for any unusual signs:
• See if there are any new wallets created without your knowledge,
• See if there are any mining Rubies transferred without your knowledge.

15/03/2025

Rubi.Click

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Rubimily

PREPARE FOR GLOBAL KYC 1.6



admin

2025-03-14 15:39:42

5 Comments

1.02k views

ANNOUNCEMENT ON PREPARATION FOR GLOBAL KYC 1.6

The project team sends this announcement to the Rubimily mining community, this is an announcement about the implementation of KYC 1.6 with some notes about the current KYC 1.5.

CURRENT KYC ISSUES
Hello! If you mention KYC 2.0, unfortunately, we have not been able to announce anything about the KYC 2.0 implementation schedule with a global authenticator mechanism until now. The main reason is that KYC 2.0 charges fees based on MnA, because the Mana A token is not ready yet, so KYC 2.0 cannot be implemented yet!

But another problem is that in the past few weeks, RUBI Network has suddenly become an application in the top 20 applications in many rankings, so KYC requests have increased dramatically. Our KYC team of 14 people is always overloaded, but there are still tens of thousands of KYC accounts that have not been resolved.

In this situation, increasing productivity is a must, while KYC 2.0 cannot be implemented yet, so we need to find a solution. We have been discussing solutions to this situation, and we have decided to upgrade KYC performance with an update that we call KYC 1.6. This upgrade will include a number of improvements focused on increasing the efficiency of the number of verifiers, thereby handling a large number of KYC requests.

KYC 1.6 SCHEDULE

We will start building the KYC solution from March 25 as a priority, and expect the build process to take 60 to 90 days, with the goal of releasing the KYC solution globally. Here is the expected schedule.

Step 1 • Discuss KYC 1.6 implementation rules

Step 2 • Conduct construction (from 25 Mar to 25 Jun )
Step 3 • Announce and guide on recruitment of validators (expected on 25 May)
Step 4 • KYC process training via Zoom / Google Meet
Step 5 • KYC 1.6 implementation by the end of June

KEY POINTS ON KYC 1.6

• Continue to use RBL as a service fee with a KYC fee sharing mechanism.
• A large number of KYC staff are recruited from miners who have completed KYC before, then trained in the process and granted access to the function.
• Candidates who wish to become validators need to prepare a certain amount of RBL to stake as collateral for their job responsibilities.
• If you are a validator, you will be granted access and perform verification work on your mobile phone.

• Your remuneration will be paid immediately every Sunday afternoon (UTC time).

So, KYC 1.6 is a version that inherits the advantages of KYC 1.5, and adds improvements focused on enhanced productivity, creating a decentralized working mechanism on mobile devices instead of the centralized mechanism of KYC 1.5.

WHAT DO YOU NEED TO DO?

If you are a miner who only needs KYC for your account, then you do not need to do anything, you can continue with KYC 1.5 or wait for KYC 1.6 and enjoy!

If you want to become a KYC verifier, this is the information for you.
• This is a part-time flexible job, you get paid based on your performance and are paid in digital assets.

• You need to complete KYC verification, read and understand the information security commitments and undergo a short training

• You need to prepare some RBL to stake, guaranteeing the right to work, the stake will be refunded when you finish the job.

• You have the right to request to stop participating in the KYC program at any time.

KYC 1.5 IS STILL ONGOING!

For KYC 1.5, it will continue until KYC 1.6 is applied. To date, we have sent out over 365,000 KYC invitations, and completed around 145,000 KYCs. Currently, the KYC team with 14 employees is always overloaded with work, although we still maintain the work, but due to the pressure of overload, we will apply the following restrictions!

• We will delay sending more KYC invitations in version 1.5
With a large number of KYC invitations waiting, we will limit sending more invitations to prioritize resolving the backlog.

• KYC 1.5 completion time is no longer as committed
Miners who have qualified for KYC and accepted the invitation, please note that we do not guarantee the completion time as committed in the KYC service, we will try our best but do not commit to the time.

CONCLUSION
KYC is an important step for you to confirm that you and the Rubi Network community are partners, partners will work together to build and achieve common blockchain economic benefits.

Unlike other value guarantee models such as PoW or PoS, for the PoC PoP community economic model, KYC is a mandatory, important and indispensable activity. Therefore, upgrading the KYC solution to 1.6 is an important and high-priority goal.

We hope that with the implementation of KYC 1.6, the issue of user verification will make new progress, helping the network expand the list of miner partners.
روبی۔ کلک کریں۔

گھر

خبریں

Rubimily

عالمی KYC 1.6 کے لیے تیاری کریں۔



منتظم

14-03-2025 15:39:42

5 تبصرے

1.02 ہزار ملاحظات

عالمی KYC 1.6 کے لیے تیاری کا اعلان

پروجیکٹ ٹیم یہ اعلان Rubimily مائننگ کمیونٹی کو بھیجتی ہے، یہ KYC 1.6 کے نفاذ کے بارے میں ایک اعلان ہے جس میں موجودہ KYC 1.5 کے بارے میں کچھ نوٹ ہیں۔

KYC کے موجودہ مسائل
ہیلو! اگر آپ KYC 2.0 کا ذکر کرتے ہیں، بدقسمتی سے، ہم اب تک عالمی تصدیق کنندہ میکانزم کے ساتھ KYC 2.0 کے نفاذ کے شیڈول کے بارے میں کچھ بھی اعلان نہیں کر سکے۔ بنیادی وجہ یہ ہے کہ KYC 2.0 MnA کی بنیاد پر فیس لیتا ہے، کیونکہ Mana A ٹوکن ابھی تک تیار نہیں ہے، اس لیے KYC 2.0 کو ابھی لاگو نہیں کیا جا سکتا!

لیکن ایک اور مسئلہ یہ ہے کہ گزشتہ چند ہفتوں میں، RUBI نیٹ ورک اچانک کئی درجہ بندیوں میں ٹاپ 20 ایپلی کیشنز میں ایک درخواست بن گیا ہے، اس لیے KYC کی درخواستوں میں ڈرامائی طور پر اضافہ ہوا ہے۔ ہماری 14 افراد پر مشتمل KYC ٹیم ہمیشہ اوورلوڈ رہتی ہے، لیکن اب بھی دسیوں ہزار KYC اکاؤنٹس ہیں جو حل نہیں ہوئے ہیں۔

اس صورتحال میں پیداواری صلاحیت میں اضافہ ضروری ہے، جبکہ KYC 2.0 کو ابھی لاگو نہیں کیا جا سکتا، اس لیے ہمیں ایک حل تلاش کرنے کی ضرورت ہے۔ ہم اس صورت حال کے حل پر بات کر رہے ہیں، اور ہم نے KYC کی کارکردگی کو ایک اپ ڈیٹ کے ساتھ اپ گریڈ کرنے کا فیصلہ کیا ہے جسے ہم KYC 1.6 کہتے ہیں۔ اس اپ گریڈ میں متعدد اصلاحات شامل ہوں گی جن کی توجہ تصدیق کنندگان کی تعداد کی کارکردگی کو بڑھانے پر مرکوز ہے، اس طرح KYC کی درخواستوں کی ایک بڑی تعداد کو ہینڈل کیا جائے گا۔

KYC 1.6 شیڈول

ہم ترجیح کے طور پر 25 مارچ سے KYC حل کی تعمیر شروع کریں گے، اور KYC حل کو عالمی سطح پر جاری کرنے کے ہدف کے ساتھ، تعمیر کے عمل میں 60 سے 90 دن لگنے کی توقع ہے۔ یہاں متوقع شیڈول ہے۔

مرحلہ 1 • KYC 1.6 کے نفاذ کے قواعد پر تبادلہ خیال کریں۔

مرحلہ 2 • تعمیرات کریں (25 مارچ سے 25 جون تک)
مرحلہ 3 • تصدیق کنندگان کی بھرتی کے بارے میں اعلان اور رہنمائی کریں (25 مئی کو متوقع)
مرحلہ 4 • زوم / گوگل میٹ کے ذریعے KYC عمل کی تربیت
مرحلہ 5 • جون کے آخر تک KYC 1.6 کا نفاذ

KYC 1.6 پر اہم نکات

• KYC فیس شیئرنگ میکانزم کے ساتھ سروس فیس کے طور پر RBL کا استعمال جاری رکھیں۔
• KYC عملہ کی ایک بڑی تعداد ان کان کنوں سے بھرتی کی جاتی ہے جنہوں نے پہلے KYC مکمل کیا ہو، پھر اس عمل میں تربیت حاصل کی اور فنکشن تک رسائی دی گئی۔
• جو امیدوار توثیق کرنے والے بننا چاہتے ہیں انہیں اپنی ملازمت کی ذمہ داریوں کے لیے ضمانت کے طور پر حصہ لینے کے لیے RBL کی ایک مخصوص رقم تیار کرنے کی ضرورت ہے۔
• اگر آپ تصدیق کنندہ ہیں، تو آپ کو رسائی دی جائے گی اور آپ کے موبائل فون پر تصدیق کا کام انجام دیا جائے گا۔

• آپ کا معاوضہ فوری طور پر ہر اتوار کی دوپہر (UTC وقت) ادا کر دیا جائے گا۔

لہذا، KYC 1.6 ایک ایسا ورژن ہے جو KYC 1.5 کے فوائد کو وراثت میں ملاتا ہے، اور بہتر پیداوری پر توجہ مرکوز کرتا ہے، جس سے KYC 1.5 کے مرکزی میکانزم کی بجائے موبائل آلات پر کام کرنے کا ایک وکندریقرت طریقہ کار پیدا ہوتا ہے۔

آپ کو کیا کرنے کی ضرورت ہے؟

اگر آپ کان کن ہیں جنہیں صرف آپ کے اکاؤنٹ کے لیے KYC کی ضرورت ہے، تو آپ کو کچھ کرنے کی ضرورت نہیں ہے، آپ KYC 1.5 کے ساتھ جاری رکھ سکتے ہیں یا KYC 1.6 کا انتظار کر سکتے ہیں اور لطف اٹھائیں!

اگر آپ KYC تصدیق کنندہ بننا چاہتے ہیں، تو یہ آپ کے لیے معلومات ہے۔
• یہ جز وقتی لچکدار کام ہے، آپ کو آپ کی کارکردگی کی بنیاد پر ادائیگی ملتی ہے اور ڈیجیٹل اثاثوں میں ادائیگی کی جاتی ہے۔

• آپ کو KYC کی توثیق مکمل کرنے، معلومات کے تحفظ کے وعدوں کو پڑھنے اور سمجھنے اور ایک مختصر تربیت سے گزرنے کی ضرورت ہے۔

• آپ کو داؤ پر لگانے کے لیے کچھ RBL تیار کرنے کی ضرورت ہے، کام کرنے کے حق کی ضمانت دیتے ہوئے، جب آپ کام ختم کر لیں گے تو حصہ واپس کر دیا جائے گا۔

• آپ کو کسی بھی وقت KYC پروگرام میں شرکت بند کرنے کی درخواست کرنے کا حق ہے۔

KYC 1.5 اب بھی جاری ہے!

KYC 1.5 کے لیے، یہ KYC 1.6 کے لاگو ہونے تک جاری رہے گا۔ آج تک، ہم نے 365,000 KYC دعوت نامے بھیجے ہیں، اور تقریباً 145,000 KYC مکمل کر لیے ہیں۔ فی الحال، 14 ملازمین کے ساتھ KYC ٹیم ہمیشہ کام سے بوجھل رہتی ہے، اگرچہ ہم اب بھی کام کو برقرار رکھتے ہیں، لیکن زیادہ بوجھ کے دباؤ کی وجہ سے، ہم درج ذیل پابندیاں لاگو کریں گے!

• ہم ورژن 1.5 میں مزید KYC دعوت نامے بھیجنے میں تاخیر کریں گے۔
KYC دعوتوں کی ایک بڑی تعداد کے انتظار میں، ہم بیک لاگ کو حل کرنے کو ترجیح دینے کے لیے مزید دعوت نامے بھیجنے کو محدود کر دیں گے۔

• KYC 1.5 کی تکمیل کا وقت اب ایسا نہیں ہے جیسا کہ وعدہ کیا گیا ہے۔
کان کن جنہوں نے KYC کے لیے کوالیفائی کیا ہے اور دعوت نامہ قبول کیا ہے، براہ کرم نوٹ کریں کہ ہم KYC سروس میں مکمل ہونے کے وقت کی ضمانت نہیں دیتے ہیں، ہم اپنی پوری کوشش کریں گے لیکن وقت کا پابند نہیں ہوں گے۔

نتیجہ
KYC آپ کے لیے اس بات کی تصدیق کرنے کے لیے ایک اہم قدم ہے کہ آپ اور روبی نیٹ ورک کمیونٹی شراکت دار ہیں، شراکت دار مشترکہ بلاک چین اقتصادی فوائد کی تعمیر اور حصول کے لیے مل کر کام کریں گے۔

PoW یا PoS جیسے دیگر ویلیو گارنٹی ماڈلز کے برعکس، PoC PoP کمیونٹی اقتصادی ماڈل کے لیے، KYC ایک لازمی، اہم اور ناگزیر سرگرمی ہے۔ لہذا، KYC حل کو 1.6 تک اپ گریڈ کرنا ایک اہم اور اعلیٰ ترجیحی ہدف ہے۔

ہم امید کرتے ہیں کہ KYC 1.6 کے نفاذ کے ساتھ، صارف کی تصدیق کے معاملے میں نئی ​​پیش رفت ہوگی، جس سے نیٹ ورک کو کان کن شراکت داروں کی فہرست کو وسعت دینے میں مدد ملے گی۔

07/03/2025

Rubi.Click
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⚠️ ANNOUNCEMENT! SUDDEN MAINTENANCE!
⚠️ ANNOUNCEMENT! SUDDEN MAINTENANCE!
admin
2025-03-06 19:44:36
6 Comments
27.87k views
SUDDEN ANNOUNCEMENT.
Dear Rubimily Miners!
We would like to inform you that there will be a temporary downtime for system upgrade which will take place around:
• 1:00 March 8 (UTC)

The maintenance is expected to last about 04 hours . And after the operation is resumed, the community will receive compensation for the disruption with an X2 event within 48 hours.

Maintenance reason:
The infrastructure has reached its designed service capacity limit, we need to temporarily stop to deploy the upgraded infrastructure, this will result in the System Services being temporarily interrupted.

Maintenance activities:
• Take necessary backups and data security measures.

• Temporarily disconnect the main network service system.

• Conduct additional and reconfigured infrastructure resources for the system, (this activity may cause service disruption for several hours)

• Restart the system and test according to approved technical procedures

• Restore and reconnect service from the point of interruption.

Therefore, we respectfully inform you of any possible inconvenience or disruption that may occur while we temporarily shut down the system to perform infrastructure configuration.

Impact & Risks:
Although we always proceed with caution, ensuring that the work is carried out according to calculated standard technical procedures, we cannot guarantee absolute avoidance of unexpected risks, and may lead to inconvenience or trouble at various levels.

In case of any risks, we may need additional time to handle the situation.

Recommended precautions:
For technical team note:

We conduct discussions, technical surveys to reach consensus among experts and apply maximum preventive measures to reduce risks to the lowest possible level.

For users to note:

• Before and after the upgrade:
To prevent unexpected risks, you should limit transactions before and after the upgrade for 2 hours. When making transactions again, please make small transactions to check. In addition, before and after maintenance, it may be difficult to access because the system is overloaded, especially from now until maintenance, it will be frequently overloaded.

• During the upgrade:
During the disruption, you will not be able to access the application service, thereby not being able to perform any transactions.

• KYC paused:
All user verification activities will be paused from this announcement until the upgrade is complete.

Estimated completion time:
Please note the estimated maintenance start and end times are as follows:

⚡️• Start: 1:00 AM March 8 UTC (9:00 PM same day VN time)
⚡️• End: 5:00 AM March 8 UTC (01:00 AM March 4 - 09:00 AM VN time)

X2 performance event (offset):
We propose a mining productivity X2 activity to make up for the downtime and inconvenience caused by the downtime event. The X2 period will last for 2 days starting from 02:00 on March 11 to 02:00 on March 13. During the 2 days of the event, mining efficiency will increase by X2 times, this is a good opportunity to increase RBL accumulation, don't miss it.

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04/03/2025

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28/02/2025

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23/02/2025

Rubi.Click
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ELON MUSK'S THRONE IS SHAKEN BECAUSE OF PI OPEN?
ELON MUSK'S THRONE IS SHAKEN BECAUSE OF PI OPEN?
admin
2025-02-18 18:19:11
73 Comments
811.99k views
WILL ELON MUSK'S THRONE BE SHAKEN WHEN PI NETWORK OPENS?
Hello!

I will start today's article with a shocking headline in the financial market

"PI OPEN NETWORK - IS THE RICHEST PERSON ON THE PLANET SHAKING?".

That probably wasn't meant to be a joke, so how could this happen?

Elon Musk has been the richest man in the world for many years, but Musk's era may soon end after Pi Network Opens Network!

You've probably heard of Changpeng Zhao, another billionaire entrepreneur and founder of Binance. Zhao is said to be the richest person in the Crypto world, with an estimated net worth of $80-100 billion based on his ownership of the Binance exchange ecosystem along with about 80% of the supply of Binance Smart Chain's native token BNB.

But it is not Changpeng Zhao who can challenge Musk's position, but both Elon Musk and Changpeng Zhao may lose their unique position at the same time when the Pi Network officially Open Network event takes place. That position may very well belong to Pi Network founder Nikolas Kokkalis, when the Pi coin he founded is said to immediately reach a huge market capitalization on the day of the network opening.

I'm Andy from Rubi Network!
With the storm of Pi news everywhere! I couldn't stay still and this is my first and official article about Pi Network!
This article is full of important figures with an optimistic perspective and full of fun!

Pi Network is a prominent blockchain project with a simple approach and is considered by tens of millions of people around the world to be one of the most successful community-building cryptocurrency projects of all time.

The Pi Network app was first released on the Google Store on December 12, 2018, and the project has now gone through more than 6 years of a particularly controversial, faith-filled, but also skepticism-filled development journey.

Currently, according to the announcement of the development team, Pi Network has reached the necessary conditions to officially release the Open Network. The time is set for February 20, 2025. This event immediately created a big buzz in the cryptocurrency community in general and excited those who persistently support this network.

The network launch event is an event that the community of millions of Pi users has been waiting for a long time!

So! Before getting into the main content of the article, the author would like to congratulate the Pi Network community on its success on the network opening day!

I am someone who has spent time observing the development of Pi Network, today I will summarize the whole pi network in a single article with universal information, perspectives that have never been mentioned by anyone before! This article allows anyone to easily understand about Pi Network!

Whether you are an investor, or a long-time pioneer, you can easily grasp all the important information about the Pi network that no one has ever mentioned, in my single article below!

History and origin of Pi blockchain, connection with Ripple and Stellar
What is Pi Coin?
Similar to the well-known concept of Bitcoin cryptocurrency, Pi coin is a cryptocurrency that operates based on the blockchain technology consensus protocol. Pi coin has a fixed maximum supply of 100 billion units, so it is also considered a cryptocurrency with a deflationary price factor over time.

Pi Network's vision
is to become the most advanced, powerful, and globally accepted cryptocurrency, capable of participating in payments for all types of goods transactions and being a means of cross-border payment, superior to fiat currencies in countries, completely without the need for third-party participation.

The mysterious Dr. Nikolas Kokkalis
He is said to be the father, the soul and the supreme leader of Pi Network, known as a professor at the prestigious Stanford University! However, in recent years, Dr. Nikolas has almost disappeared from the media, information, and web links about him have also mysteriously disappeared. When writing this article, I could not find any notable information about Nikolas.

What is the relationship between Ripple and Stellar?
Pi Network source code is said to inherit Stellar source code (considered a fork from Stellar source code), Stellar's proven open source inheritance strategy shows that Dr. Nikolas is a cautious and stability-oriented person when building the blockchain for Pi Network.

In addition to inheriting from Stellar, Pi Network also has some similar features to Ripple, a cryptocurrency elder of Stellar, even the supply of Ripple and Pi Network is also pre-made and has the same number of 100 billion units. The vision and goal of Ripple and Pi also have some similarities, they share the same vision of being an international payment method.

Billionaire Jeb McCaleb
Both Ripple and Stellar are linked to a famous billionaire in the crypto community Jeb McCaleb, who is ranked 40th on the list of the world's richest people. Billionaire Jeb McCaleb is the founder of both Ripple and Stellar, and it seems that he has an influence on Pi Network, which can be observed based on the inherited development characteristics seen on all 3 Blockchains mentioned. Common points such as Tokens being issued from the beginning without mining, very large supply, not completely open source mechanism... So pay attention to Jeb McCaleb, because we will mention his influence later.

Continuing to expand the history of these blockchains, it is possible to find chained connections from a time perspective, from which I conclude that Pi Network appears to have been prepared for a long time and has a solid technological and logistical foundation.

Let's look at the timeline below!

● 2009 - Bitcoin was first introduced
● 2010 - Mt-Gox (founded by Jeb McCaleb) became the exchange that accounted for 70% of the bitcoin trading market share.
● 2011 - Jeb McCaleb left Mt-Gox to start his own project
● 2012 - Ripple was founded by Jeb McCaleb and his associates. (this is a blockchain with a not completely open source code)
● 2013 - due to disagreements, Jeb McCaleb left Ripple
● 2014 - Jeb McCaleb founded Stellar (based on a fork of the Ripple source code), in the same year Mt-Gox was hacked and lost 850,000 Bitcoins, this BTC was 7% of the Bitcoin supply at that time.
● 2018 - Pi Network is first introduced as a attendance mining application.
● 2021 - Pi Network introduces the Pi testnet blockchain (based on the inheritance of source code and protocol from Stellar)
● 2025 - Pi Network sets the network launch date on February 20, 2025.

Looking back at the entire history, stringing it together, it can be seen that the development of Pi Network was carefully prepared by Dr. Nicolas and his team, researched for a long time and then developed Pi Network with the inheritance of advantages from Ripple and Stellar.

So if we only consider the time Pi appeared, it has only been from 2018 to now, more than 6 years, but if we consider the premise relationships and technological foundation, perhaps Pi was prepared many years earlier than 2018.

And if the above chain of events is considered logical, then I really wouldn't be surprised if Pi Network has significant backing or influence from billionaire Jeb McCaleb in terms of both financial resources and policy advice.

Important Pi Network metrics before G-hour:
First, let's look at the numbers, the records of the Pi network updated at the time of writing (February 18, 2025)

1 • 110 million downloads of the Pi application on the Google store (Reference from Google Play Store)
Released from December 12, 2018, the Pi application has reached the top position, with 110 million downloads, far surpassing all competitors. Even the number of downloads of the Pi application is nearly 5 times larger than the number of downloads of the OKX exchange application, which shows the unique position of Pi Network before the network opening time.

2 • Total active users around 60 million (refer to Pi network announcement)
With around 60 million active users announced by the developer, Pi app is one of the apps with the highest active users/downloads ratio in the crypto industry.

3 • Total number of people passing KYC is about 10 million (refer to Pi network announcement)
Completing 10 million user verifications is another record for the Pi network, especially considering the complexity of identity information globally. Although there are still a large number of fraudulent KYCs that are missed, the Pi network has managed to achieve over 10 million KYCs, something no other network has achieved.

4 • Supply of 100 billion tokens, how many have been Unlocked?
Observing the number of Pi Blockchain tokens at the date of writing, we recorded that the Pi supply has been fully released with the following Unlock / Lock status: Unlock (95.33 billion pi) / Lock (4.67 billion Pi). However, it should be noted that the majority of Pi Unlock is being managed by the Pi Core Team, so it is unlikely to cause selling pressure.

5 • Correlation of % of Pi supply management and ownership
How the Pi supply is being managed and allocated is definitely information that you need to know when learning about the Pi network, especially for investors who intend to invest in the Pi network.

According to the current state of Pi's ledger at the time of writing, the 100 billion pi supply can be divided into 3 groups as follows:

• Pioneer community controls: 1.59 billion pi, equivalent to 1.59%
• Locked pi rewards: 4.67 billion pi, equivalent to 4.67%
• Pi Core Team manages the rest: 93.74 billion pi, accounting for 93.74%

So we think that with only 1.59% of the supply belonging to the community, the selling pressure is not too great. If the Pi developer (PCT) also commits to not selling part of their supply, this could be a favorable condition for pi to increase in price after the network opens and is listed.

LOOK ON CHAIN
Looking at the blockchain numbers, to observe the public truth is an important skill you will always need!

The blockchain ledger is the most reliable public data of a Blockchain, so LOOK ON CHAIN ​​plays an important role in monitoring network data and understanding the blockchain. Not only with Pi Network, we recommend you practice observing data on other blockchains where you own assets, to monitor the truth yourself.

Now let's explore with Andy the most important and interesting points on the Pi Network ledger.

1 • First Block:
The first block is the block that establishes when the ledger goes live, in the case of Pi we can only access block #2 while blocks #0 and #1 are inaccessible, this could be the block that contains the information that created the Genesis wallets.

Pi Network Ledger Interface and Block #2 (January 1, 2021)

Blocks #0 and #1 cannot be queried (02/18/2025)

2 • Parent Wallet (Genesis)
This is the first wallet address we observed on the Pi network - it appeared in the first transaction on 01/01/2021 at block number ( # 14 ), before which no transactions were found. Here are the 2 transactions that created supply from the parent wallet.

• Transaction printed 20 billion pi: ( TXN ) executed on 01/01/2021 at block number ( # 14 )
address: GAODAYUBCUWKJIMGV6NWZ2BBM6ONSDEQY34ILE6OHJ2BRKUKFD2V55VT

• Transaction printed 80 billion pi: ( TXN ) executed on 01/01/2021 at block number ( # 18 )
address: GCDIVYVE53TKHVP37J7N7YU4ZA52YQE36FWZ3W2TMSZXZJJ6BDXSSQRF

3 • Wallets with billions of Pi balances you need to know

• 65 billion pi wallet - created on 2021-12-29 ( TXN ) at block ( # 445170 )
address: GBQQRIQKS7XLMWTTRM2EPMTRLPUGQJDLEKCGNDIFGTBZG4GL5CHHJI25

• 10 billion pi wallet - created on 2021-12-29 ( TXN ) at block ( # 445153 )
address: