The Ethereum Pectra upgrade, which combines Prague and Electra updates, is set to go live on the Sepolia testnet by March 5, following unsuccessful attempts on the Holesky testnet. Developers are still working on mitigating the issues with Holesky and have scheduled a meeting to coordinate disabling slashing protections for validators. The upgrade includes features that enhance Ethereum accounts and support Layer-2 scaling, and it is buffered by Ethereum Improvement Proposals, including EIP-3074 which adds a "social recovery" function to address the issue of lost private keys. In other news, Bybit cryptocurrency exchange was hit with a $1.4 billion attack, resulting in the transfer of a significant amount of ETH. However, Bybit has since managed to recover some of the lost funds through various means.



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