Vitalik Buterin, the co-founder of Ethereum, was the victim of a cyberattack in which his X account was compromised and phishing messages were sent to his followers. The attackers managed to steal around $700,000 worth of cryptocurrencies and non-fungible tokens (NFTs) from unsuspecting users who clicked on the malicious links.
The incident was reported by Buterin on his Twitter account, where he warned his followers not to trust any messages from his X account until further notice. He also apologized for the inconvenience and said he was working with the X-Team to restore his account and prevent further damage.
FTX, a cryptocurrency exchange platform, has disclosed some details of its endorsement deals with celebrities and sports teams in a recent filing with the Securities and Exchange Commission (SEC). According to the document, FTX paid millions of dollars to Shaquille O’Neal, Naomi Osaka, David Ortiz and other famous personalities to promote its brand and products.
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FTX also announced that it has reached agreements with Major League Baseball (MLB), the National Basketball Association (NBA), and the National Football League (NFL) to display its logo on various platforms and venues. The filing shows that FTX is investing heavily in marketing and growing its user base in the US and abroad.
Brian Armstrong, the CEO of Coinbase, the largest cryptocurrency exchange in the US, recently expressed interest in flatcoins, a new type of stablecoin backed by fiat currencies. According to Armstrong, flatcoins could offer more stability and scalability than traditional stablecoins, which are often pegged to volatile assets such as gold or cryptocurrencies.
Flatcoins could also enable faster and cheaper cross-border payments as well as greater financial inclusion and innovation. Armstrong believes that flatcoins are the “next generation of stablecoins” and that they could play a key role in the future of the crypto industry.
A legal battle is brewing between FTX Estate, the company behind the failed crypto exchange FTX, and LayerZero Labs, a blockchain startup that received $86 million from FTX Estate just days before filing for bankruptcy. FTX Estate claims that the transfer was fraudulent and is trying to recover the funds, while LayerZero Labs argues that it was a legitimate investment and that FTX Estate is trying to make them a scapegoat for their own mismanagement.
However, the CEO of LayerZero, a decentralized derivatives exchange, has responded to the lawsuit filed by FTX, claiming that it is based on false claims and misrepresentations. In a statement released on Monday, the LayerZero boss said that the lawsuit is an attempt by FTX to stifle competition and innovation in the crypto space and that LayerZero has not violated any of FTX’s intellectual property rights or trade secrets.
The statement also claimed that LayerZero developed its own technology and protocols independently and had no prior knowledge or involvement with FTX’s products or services. The LayerZero boss said he is confident that the court will dismiss the lawsuit and justify LayerZero’s position.
Mocaverse, a Web3 identity project developed by Animoca Brands, has secured $20 million in a funding round led by prominent investors. The project aims to create a decentralized platform where users can create, own, and monetize their digital identities across various Metaverse applications. Animoca Brands, a leading blockchain gaming company, plans to use the funds to expand the Mocaverse team, develop new features and partnerships, and grow the platform’s user base.
Sushi, the popular decentralized exchange and automated market maker, has announced that it will expand its operations to the Aptos blockchain, a scalable and interoperable platform for decentralized applications. According to a blog post from Sushi, the expansion will allow users to access a variety of liquidity pools, yield farming opportunities, and cross-chain swaps on Aptos, while also benefiting from low fees and fast transactions.
Sushi stated that it aims to become a multi-chain ecosystem that supports innovation and collaboration in the decentralized finance (DeFi) space. The integration with Aptos is expected to be completed by the end of the year.
ripple, the company behind the popular cryptocurrency XRP, has announced that some of its customers were affected by a security incident that occurred during its acquisition of Fortress, a blockchain security company. According to a statement from Ripple, the incident involved unauthorized access to a database that contained personal information of some Fortress customers, such as names, email addresses and phone numbers. Ripple said it had notified affected customers and was working with law enforcement and cybersecurity experts to investigate the breach and prevent further damage.
Ripple also said it is taking steps to improve its security measures and protect its customers’ data. Ripple acquired Fortress in July 2023 in a transaction aimed at strengthening its position in the blockchain industry and offering more security solutions to its customers. Fortress is known for developing advanced tools to detect and prevent cyberattacks on blockchain networks and applications. Ripple said the acquisition is part of its vision to create a safer and more reliable global payments system using blockchain technology.
In a bizarre incident, a Bitcoin user paid a staggering $500,000 in transaction fees to move just $200 worth of the cryptocurrency. The transaction, which took place on September 10, 2023, was recorded on the blockchain and sparked curiosity and speculation in the crypto community.
Some suspected it was a mistake, while others speculated it was a money laundering scheme or a deliberate publicity stunt. The identity and motive of the sender remain unknown, as does the fate and reaction of the recipient. This incident highlights the volatility and unpredictability of the Bitcoin network and the need for caution and care when handling large amounts of money in digital form.
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