This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
<100 subscribers
This Week’s Winners and Losers in Crypto
Big week in crypto! Banks going down causing BTC to go up. Alts (sort of) following suit. But who are the biggest winners and losers for the week? Biggest Winner(s): Arbitrum Airdrop Participants Thursday was a big day for those eligible for the coveted Arbitrum airdrop, but there were bumps along the way. The claim site was down from almost moments when it went live, and was nearly inaccessible for hours. However, after the dust settled, the price hovered above what estimates predicted (>$1)...
Post FTX: Bananas In The Bahamas
FTX’s spectacular implosion sent ripples which was felt by all through the cryptoverse, but has also hit the people of the Bahamas, where FTX was headquartered. According to a report in the WSJ, the island nation initially welcomed FTX with it’s lax and favorable crypto laws and eventually the locals became the supporting cast for FTX employees. Catering, security, transportation, event planning, logistics and many more services were required and the locals began taking up these jobs, creatin...
STOCK Act Gets Busted
Nancy Pelosi might not be too keen on the reformation bubbling up in her backyard. On Thursday, a new framework was released to change the policy known as the STOCK Act, aka "Stop Trading on Congressional Knowledge", which puts the onus on congressional and government leaders to disclose stock and asset purchases, in order keep transparency with the public. Historically, there have been quite a few calls on leaders to stop purchasing stocks because of the potential of insider knowledge on upc...
Share Dialog
Share Dialog
In our next edition of "Another Day, Another Hack", we have two hacks occurring in the last few days: Nomad, a cross-chain bridge that was exploited via a security hole for $190m in a "free-for-all" attack, and a major Solana wallet hack that has drained $8m+ as of now. Within the Nomad hack, it looks to be a security configuration error that allowed users to replicate existing transaction blocks, causing the blockchain to allow unauthorized debits. As for the Solana wallet hack, the key theory is some how private keys have been accessed by the threat entity, since transactions on the chain were shown to be legitimate.
Honestly, this is scary times. Threat actors are shaking out as many different services as possible to see what comes loose, and it's working. The one and only bright side to all this is that hopefully they come back stronger and battle tested. However, this is not fun for those who lost money. Reminder: COLD STORAGE is your friend and remember to protect your private keys!
Written by: nikethereum.eth / Medium / Mirror
In our next edition of "Another Day, Another Hack", we have two hacks occurring in the last few days: Nomad, a cross-chain bridge that was exploited via a security hole for $190m in a "free-for-all" attack, and a major Solana wallet hack that has drained $8m+ as of now. Within the Nomad hack, it looks to be a security configuration error that allowed users to replicate existing transaction blocks, causing the blockchain to allow unauthorized debits. As for the Solana wallet hack, the key theory is some how private keys have been accessed by the threat entity, since transactions on the chain were shown to be legitimate.
Honestly, this is scary times. Threat actors are shaking out as many different services as possible to see what comes loose, and it's working. The one and only bright side to all this is that hopefully they come back stronger and battle tested. However, this is not fun for those who lost money. Reminder: COLD STORAGE is your friend and remember to protect your private keys!
Written by: nikethereum.eth / Medium / Mirror
No comments yet