Terraform Labs CEO Sent $7 Billion to Law Firm Prior to Ecosystem Collapse. South Korean prosecutors confirmed that Terraform Labs CEO Do Kwon sent $7 billion to Kim and Chang, a leading South Korean legal firm, shortly before the Terra ecosystem collapsed. Keynotes According to South Korean prosecutors working on the fraud case against Terraform…
Lending Protocol, Hundred Finance hacked on Optimism, suffers $7M loss. The lending protocol has suffered a severe security breach on the Optimism layer-2 scaling solution. Keynote Hundred Finance is a multi-chain lending protocol based on the veHND model that connects with Chainlink oracles to ensure market health and stability. On the Optimism layer-2 scaling solution,…
Ethereum Pending Withdrawals Surpass $3B after Shanghai Upgrade. The amount of staked ether to be withdrawn has risen to over $3 billion since the deployment of Shanghai Upgrade. Keynotes Since the implementation of the Shanghai Upgrade, also known as the Shapella, the total amount of confirmed ETH withdrawals and incentives has surpassed $3 billion. According…
Uniswap approves proposal to launch V3 on Polygon zkEVM. Uniswap v3 is already available on multiple EVM-compatible chains. Keynotes Uniswap V3 is a decentralized exchange (DEX) protocol that allows users to swap tokens and is one of the Ethereum ecosystem’s most extensively used decentralized finance (DeFi) apps. The Uniswap DAO voted in support of establishing…
Bitrue Exchange suffers a $23M hack due to a hot wallet exploit. The hackers were able to withdraw assets worth about $23M in cryptocurrencies. Keynotes Crypto hot wallets aside from their convenience have proven to be a less safe way of securing users’ funds seeing as how they’re connected to the internet. Most crypto exchange…
ConsenSys announces data breach impacting over 7,000 MetaMask users. According to parent company ConsenSys, a number of MetaMask users’ email addresses were exposed in a recent data leak. Keynotes On April 14, ConsenSys stated that one of its most well-known products, the MetaMask crypto wallet, had experienced a data breach. The attack was launched at…
Bankrupt Exchange FTX has recovered $7.3B in assets. The bankrupt crypto exchange has recovered approximately $7.3 billion in cash and liquid crypto assets and is considering reopening for business. Keynotes Following the firm’s failure under its previous CEO and founder, Sam Bankman-Fried, FTX’s new leadership, led by current CEO John J. Ray III, is attempting…
Ethereum Surges 6% Following the Shanghai Upgrade Amidst Analyst Speculations. The network appears to be soaring following its latest Shanghai upgrade. 🚀 Keynote According to CoinMarketCap data, Ethereum, the second-largest cryptocurrency by market capitalization, is currently up by more than 6% in the last 24 hours, with Ether (ETH) selling at roughly $1,986. This bullishness…
Ethereum Shanghai Upgrade is Complete, Unlocking $34 Billion of Staked ETH. The Shanghai hard fork, commonly known as “Shapella,” of Ethereum has been completed, allowing withdrawals of Staked ETH. Keynotes The Ethereum Shanghai upgrade was successfully executed at 22:27 UTC and completed at approximately 22:42 UTC, permitting withdrawals of staked ETH and effectively completing the…
Coinbase secures $470,000 in its first insider trading case. The exchange has been awarded $470,000 in damages after winning an insider trading case. Keynotes Following a guilty plea in a Manhattan court, Coinbase was awarded nearly $470,000 in damages. The sibling of a former employee was accused of benefiting from an insider trading scheme. After…