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...
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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
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More than $4.7m was stolen in a fake token phishing scam on Uniswap. At first, it was thought to be an exploit of the Uniswap token until the community dug a bit deeper to uncover it was a sophisticated phishing scam that employed a fake UniswapLP token that was spoofed to look like it was coming from the real Uniswap contract on chain by modifying the "From" field.
Another cautionary tale to be careful on what you are interacting with, but this one concerns me more than anything. It's best practice to review the smart contracts for tokens before interacting, however reading smart contracts can be arduous and complex for most. Learning how to read smart contracts should be mandatory for anyone in the crypto game, but we all know that won't ever happen. And so the door stays open for scams, unfortunately. Stay vigilante everyone!
Written by: nikethereum.eth / Medium
More than $4.7m was stolen in a fake token phishing scam on Uniswap. At first, it was thought to be an exploit of the Uniswap token until the community dug a bit deeper to uncover it was a sophisticated phishing scam that employed a fake UniswapLP token that was spoofed to look like it was coming from the real Uniswap contract on chain by modifying the "From" field.
Another cautionary tale to be careful on what you are interacting with, but this one concerns me more than anything. It's best practice to review the smart contracts for tokens before interacting, however reading smart contracts can be arduous and complex for most. Learning how to read smart contracts should be mandatory for anyone in the crypto game, but we all know that won't ever happen. And so the door stays open for scams, unfortunately. Stay vigilante everyone!
Written by: nikethereum.eth / Medium
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