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...
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https://media.giphy.com/media/WmWc9Dubh3nUVwrWnA/giphy.gif
...well kind of hacked. On Tuesday, a flurry of messages on Twitter, Telegram, Discord, and more platforms began to hit the crypto community of a possible hack of Curve, arguably the most used DeFi protocol. Curve eventually responded with the issue with its nameserver for Curve.fi, not necessarily an issue with the protocol itself:
It seems that malicious actors were able to access the nameserver for Curve.fi, change the DNS entry to point to their own malicious site that had a Curve clone, which looked exactly like the original site, aka DNS spoofing:
Curve was able to fix the issue within the hour, and directed users to revoke any contracts made within the period of the "hack". The malicious actors were able to siphon ~$573,000 before Curve's fix:
Curve is quintessential in the DeFi world as most use it as a launching board into earning with other protocols (deposit into Curve, and take the resulting LP token into other protocols such as Convex for more rewards. A proper hack of Curve might have resulted in a MUCH bigger problem than what as experienced...
Written by: nikethereum.eth / Medium / Mirror
https://media.giphy.com/media/WmWc9Dubh3nUVwrWnA/giphy.gif
...well kind of hacked. On Tuesday, a flurry of messages on Twitter, Telegram, Discord, and more platforms began to hit the crypto community of a possible hack of Curve, arguably the most used DeFi protocol. Curve eventually responded with the issue with its nameserver for Curve.fi, not necessarily an issue with the protocol itself:
It seems that malicious actors were able to access the nameserver for Curve.fi, change the DNS entry to point to their own malicious site that had a Curve clone, which looked exactly like the original site, aka DNS spoofing:
Curve was able to fix the issue within the hour, and directed users to revoke any contracts made within the period of the "hack". The malicious actors were able to siphon ~$573,000 before Curve's fix:
Curve is quintessential in the DeFi world as most use it as a launching board into earning with other protocols (deposit into Curve, and take the resulting LP token into other protocols such as Convex for more rewards. A proper hack of Curve might have resulted in a MUCH bigger problem than what as experienced...
Written by: nikethereum.eth / Medium / Mirror
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