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2024-05-02

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Source: AdobeStock / PR Image FactoryIn a significant crypto heist, an unknown individual has reportedly lost access to a staggering $24 million worth of crypto from their Ethereum wallet.The incident, believed to be the result of a phishing scam, stands as one of the largest individual crypto thefts to date, crypto news outlet The Block reported on Thursday.The stolen assets included 4,851 Rocket Pool ETH (rETH), worth some $8.5 million, and 9,579 Lido Staked ETH (stETH), amounting to around $15.6 million based on current prices.The victim's digital wealth was drained from the Ethereum wallet in a swift manner, which shows just how targeted and professional crypto-focused phishing scammers have become.IT security firms such as Beosin and BlockSec have analyzed the incident and have pointed towards phishing tactics as the likely modus operandi.According to these experts, the victim appears to have fallen for a phishing scheme that led them to unwittingly authorize malicious transactions from an Ethereum wallet.Phishing scams common in cryptoPhishing attacks typically involve deceptive emails, texts or phone calls where victims are tricked into giving away sensitive information.These types of attacks are among the most common ways people lose funds to malicious actors in the crypto world.In this specific case, interaction by the victim with a malicious smart contract resulted in the unauthorized transfer of crypto to the attacker.Shortly after unwittingly giving the green light to transfer funds to the attacker, the stolen digital assets were moved to an address cryptically labeled "Fake_Phishing186943," as confirmed by data on the Ethereum blockchain explorer Etherscan.“There are reports that this address was used in a Phishing scam. Please exercise caution when interacting with it,” Etherscan writes about the specific address in a warning to users.Tornado Cash Co-Founder Roman Storm Maintains Innocence in Money Laundering Case – Here's the Latest “People will be asking why it didn’t. The year after the halving, Bitcoin price hits multiple ATH. And people ask why. People have short memories.” Digital Assets|Internal Revenue ServiceThis coincides with recent allegations in the United States against CZ, as investors hold him responsible for the downfall of the crypto exchange FTX. I think we [the Web3 industry] have that ahead of us for the next few years. Things move really fast in our ecosystem and there will be many astonishing new waves of innovation. But I don’t think we’re going to see any more crazy irrational exuberance in the short-term. Not unless the U.S. Securities and Exchange Commission (SEC) decides to green light a bunch of Bitcoin and Ethereum exchange traded funds (ETF) right at the same time.

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When asked about future contributors to inflation, Hayes zoned in on the $7.75 trillion in US debt that must be rolled over by 2026 and the yield curve inversion in US bonds. The organization will host a multi-signature wallet – controlled jointly by multiple parties – to collect donations denominated in multiple cryptocurrencies, including bitcoin (BTC) and ether (ETH) as well as the dollar-linked stablecoins USDT and USDC, according to a press release from Crypto Aid Israel. UTORG: Buy Bitcoin with Credit Card or Debit CardHer proximity to Bankman-Fried’s business and personal lives is almost certain to give the jury its closest look yet at the decision-making that led to FTX’s epic collapse last November. She has been cooperating with the government since at least December, when she pled guilty to an array of financial crimes stemming from her time at Alameda. The analyst remains cautious, however. “It is still a bear market, and interest and enthusiasm across the board is low.”

Japanese streetwear brand A Bathing Ape (BAPE) has its own metaverse play called the Bapetaverse, plus an upcoming collaboration with the Bored Ape Yacht Club. But BAPE is apparently keen not just on emerging tech, but nostalgic tech too—and has unveiled a new collab with Bandai’s classic virtual pet brand, Tamagotchi. The Future of Decentralized Applications or dApps I moved my crypto from Coinbase Wallet to a USB-like ...Source: @carolinecapital / TwitterSam Bankman-Fried’s defense team is preparing to question Caroline Ellison, the former CEO of Alameda Research, over FTX’s investment in AnthropicAI.The line of questioning would also center around the extent to which Ellison relied on legal counsel when making pivotal decisions during her tenure as the head of Alameda Research, a crypto hedge fund closely linked to SBF's now-bankrupt FTX crypto exchange.Ellison, a central figure in the criminal fraud case against SBF and his former romantic partner, took the witness stand on Tuesday. During her testimony, she asserted that her advice regarding FTX's investment portfolio had been disregarded. In response, SBF's legal team is seeking permission from the court to delve into these allegations further.Defense Seeks to Establish SBF Followed Council’s AdviceTwo critical motions were filed by SBF’s legal team following Ellison's initial testimony. The first motion seeks to address the matter of "advice-of-counsel," a topic Judge Lewis Kaplan had previously highlighted for advance notification should the defense wish to explore it. The defense is keen to probe Ellison's understanding of the role played by lawyers associated with FTX and Alameda in formulating corporate policies, including the activation of auto-deletion features on the messaging platform Signal.The Department of Justice (DOJ) had previously urged the court to block SBF's defense from broaching the current valuation of FTX's investments, arguing that it was irrelevant to the core question of whether Bankman-Fried had misappropriated FTX customer funds for personal use. SBF’s Lawyers Request to Bring Up Anthropic Investment As reported earlier, the recent fundraising initiatives announced by the artificial intelligence firm, Anthropic AI, raised hopes that FTX creditors may witness more substantial returns if the insolvent exchange liquidates its stake in the AI company.In their second motion, SBF's legal team contends that the news concerning Anthropic AI is "crucial context" for evaluating FTX's expected value analysis. They aim to pose broader questions concerning FTX's investment portfolio in light of this development.At the conclusion of the court session, Judge Lewis Kaplan engaged in a dialogue with the attorneys regarding the appropriateness of raising these issues during the trial. Ellison also holds a personal stake in Anthropic AI, a fact disclosed by a U.S. attorney after the jury exited the courtroom. The prosecutor, Danielle Sassoon, expressed reservations about the permissibility of this line of questioning but indicated a willingness to explore it if the court deemed it relevant.Crypto Market Capitalization Rose 46% in H1 2023 But Still Down 48.5% From 2021 Close: KOFIU Report Polygon realized that though Ethereum has many revolutionary features, it lacked scalability. In order to solve this problem, Polygon’s founders believed that it was time to improve the speed and reduce the cost and the complexities which were not there in Ethereum.

A recent tweet by on-chain sleuth TruthLabs argues Ethereum has evolved into a centralized cartel that has enriched insiders while holding back innovation across crypto. Tamagotchi launched in 1996 and became a global sensation in the late ‘90s, with tens of millions of the virtual pets—along with scads of knockoffs—sold during that time. In recent years, the brand has embarked on various collaborations with other brands, including in fashion (such as Supreme) and anime series (like “Neon Genesis Evangelion”). How do I withdraw virtual currency?The company secured this round after participating in the A16z Crypto Startup School, a twelve-week accelerator program hosted by the venture capital firm, focused on supporting emerging startups within the sector. Brief History

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