The still-unidentified FTX hackers started ramping up their movement of stolen funds in recent weeks, potentially using media attention of the trial as a cover to hide the illicit activity.
Decentral Block Post
Chinese government-owned newspaper to launch NFT platform
China Daily stated that digital collectibles sold on its platform may be bridged to the likes of Opensea and LooksRare.
Astrology NFT project ‘Lucky Star Currency’ rugged for over $1m - Certik
The deployer account for LSC drained over $1 million in tokens from the project, then swapped them to BUSD using PancakeSwap.
Local Web3 community launches ‘Crypto Aid Israel’ to help displaced citizens
The charity campaign aims to raise funds for humanitarian aid to help Israelis affected by the recent conflict.
Bitcoin ASIC manufacturer Bitmain pauses employee salary payments: Report
The firm cited difficulty in achieving "net positive cash flow," in making the decision.
OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull
A former OpenSea employee has been accused of assisting the infamous AnubisDAO rug pull in 2021; however, some commentators have raised doubts.
Gitcoin screws up transfer, sends $460K to unrecoverable address
Gitcoin’s project lead said the snafu has resulted in nearly half a million in funds being forever locked in a one-way contract address.
Ripple CTO seeks community consensus for XRPL AMM feature adoption
Schwartz stated that if the majority supports the amendment, the changes could be implemented in as little as two weeks.
Stars Arena secures funds to plug $3M exploit, set to reopen after security audit
Stars Arena was hacked for roughly $3 million worth of AVAX tokens, with the hacker reportedly sending the funds to the Fixed Float crypto exchange.
SBF trial underway, Mashinsky trial set, Binance’s market share shrinks: Hodler’s Digest, Oct. 1-7
Sam Bankman-Fried trial is underway, Alex Mashinsky trial data is set, and Binance’s market share shrinks.
What is finality in blockchain, and why does it matter?
Finality ensures irreversible transactions — crucial for trust and security — prevents double-spending and fraud, and keeps blockchain records immutable.
Long and short positions, explained
Long positions involve buying assets to profit from price increases, while short positions entail selling borrowed crypto, aiming to repurchase it cheaper for profit.
Elon Musk's X platform faces backlash over XRP account suspension
Crypto Eri, a prominent figure in crypto, contacted Elon Musk on X, seeking clarification about the account suspension.
September sets 2023 exploit record, and DAOs can democratize science: Finance Redefined
September was the biggest exploit month in DeFi, with over $300 million in losses, taking the crown from August.
Latest from Web3 gaming: Gaming Demo Day with Cointelegraph Accelerator, Animoca Brands, BGA, Metaera, Cipholio and Sandbox
Cointelegraph Accelerator, Animoca Brands, BGA, Metaera, Cipholio and Sandbox the second Gaming Demo Day to showcase seven new projects from the Web3 gaming space.
3AC fugitives in disarray as OPNX faces new peril: Asia Express
3AC co-founder Su Zhu was arrested in Singapore, leaving several disgraced blockchain executives’ entrepreneurial ventures in disarray.
ConsenSys exec on MetaMask Snaps security: 'consent is king’
ConsenSys head of developer community Francesco Andreoli explained that users could get more transaction insights through MetaMask Snaps.
First Look: Art gallery in Dubai to educate artists on NFTs, Web3
37xDubai founder Danilo Carlucci said the gallery uses NFTs based on the Tree of Life art display as its membership token.
OKX exec says KYC will ‘raise the bar,’ bring real capital into crypto: Blockchain Economy Dubai 2023
Lennix Lai, OKX’s global chief commercial officer, told Cointelegraph that bringing traditional finance investors into the space would require raising compliance standards.
THORSwap goes into 'maintenance mode' to counter illicit funds movement
THORSwap acknowledged the ongoing illicit use of the DEX and are acting to find a permanent block to the misuse.
SocialFi app Stars Arena dispels ‘coordinated FUD' after patching ‘noob’ vulnerability
A fault in the Stars Arena price function allowed hackers to escape with roughly $2,000, however the vulnerability has since been patched.
Friend.tech copycat StarsArena patches exploit after some funds were drained
StarsArena announced that attackers were draining funds through a loophole, but the contract has been patched to prevent further damage.
Nearly half of crypto users invest to boost living standards: Report
A survey from crypto exchange Bitget featured more than 1,500 respondents across 20 countries.
Crypto VC funding falls to 3-year lows as market rout continues
Venture capitalists are doing fewer deals and the average deal size is getting much smaller, according to researchers.
Friend.tech offers login removal solutions after SIM-swap reports
Friend.tech has enabled features for users to add and remove login methods on personal accounts after SIM-swaps gave hackers access to personal user information.
Pioneering generative artist propelled by personal tragedy — Matt Kane, NFT Creator
American artist Matt Kane codes a lunar calendar onto the blockchain, inspired by cavemen during prehistoric times.
Kraken set to acquire Dutch exchange BCM, eyes European expansion
Kraken is set to acquire the Netherlands-based cryptocurrency platform as part of its European expansion plans.
Wirex taps ZK-proofs for non-custodial crypto debit card issuance
Wirex first launched its crypto debit card in 2015 and currently claims over six million customers.
Sam Bankman-Fried inner circle to testify today
The trial of Sam Bankman-Fried reaches its third day in New York, with Adam Yedidia and Gary Wang to appear as witnesses.
Blockchain key to verifying authenticity of real-world media - Nodle
As AI capabilities continue to evolve, proving the authenticity of real-world images, video and content could hinge on blockchain solutions.