This Morning On Chain (Page 1)

Wintermute Hack Shows a Foundational Risk

Wintermute, a crypto native market maker, was recently hacked for $160M. Many are concerned of the consequences of a market maker going under.

DeFi

Where Lambo? Canada Seizes $2M in Assets from Crypto King

Canada's self-described "Crypto King," 23 year old Aiden Pleterski, is facing more legal trouble as his investors seek to recover their losses.

DeFi

Why Is ETH Down After a Successful Merge?

Ethereum transitioned from "proof of work" (PoW) consensus to "proof of stake" (PoS), completing the long-awaited Merge. So why's it down?

DeFi

South Korea Issues Arrest Warrant for Terra's Do Kwon

The South Korean Supreme Prosecutors Office issued an arrest warrant for Terra co-founder Do Kwon and five others associated with Terraform Labs.

DeFi

The SEC is Making Dedicated Offices to Regulate Crypto

The SEC is building a dedicated office to handle crypto disclosure and regulation.

DeFi

Algorand Loses $35M in Hodlnaut Withdrawal Freeze

Algorand disclosed this week that it has $35M frozen on Hodlnaut after the centralized exchange/lender halted all trading.

DeFi

Reddit MOON Crypto Trading Goes Live on Gate.io & MEXC

Two major exchanges now offer trading pairs for r/CryptoCurrency Moons (MOON), the crypto earned by posting on the CryptoCurrency subreddit.

Marge and Homer observe the aftermath of the Tornado Cash sanctions

DeFi

Six Americans Sue US Treasury to Lift Tornado Cash Sanctions

Six Americans are suing the US Treasury Department for sanctioning crypto mixing service Tornado Cash.

CEO Rug Pulls Exchange for $2.5B; Looking at 40,000 Years of Jail Time

DeFi

CEO Rug Pulls Exchange for $2.5B; Faces 40k Years Jail Time

CEO of centralized exchange Thodex faces 40,000 years in jail after reportedly stealing $125M, following $2.5B of missing customer funds.

LG smart TVs will soon offer crypto wallets and NFT purchases

DeFi

LG Announces Crypto Wallet and NFT Platform for Its Smart TVs

South Korean tech conglomerate LG announced it plans to release a crypto wallet and NFT platform later this year.

a cartoon baby and man-dog do thumbs ups on the side of the road

DeFi

Helium Devs Admit Network Won't Scale, Propose Move to Solana

Helium devs proposed moving the Helium hotspot network, Helium's blockchain, and the HNT token to the Solana blockchain.

DeFi

Samsung Is Launching a Crypto Exchange

Samsung, the South Korean electronics giant, announced it will be launching a cryptocurrency exchange in South Korea in the first half of 2023.

The Surf Ninjas are ready to cash out their staked ETH, even at a loss

DeFi

Coinbase Launches cbETH, Its ETH Liquid Staking Token

Coinbase released cbETH, its Ethereum liquid staking token. Essentially, Coinbase is allowing investors to withdraw staked ETH before the Merge.

DeFi

Shocker: Finance Criminal Martin Shkreli’s Crypto Project Has Rug Pulled

Martin Shkreli’s crypto project has been rug pulled. Shkreli’s wallet drained the funds, but he’s blaming a hacker.

DeFi

Chainlink, Circle, and Ethermine Won't Support PoW ETH Forks

Today, Ethereum is operated by miners using computer graphics cards. Following the Merge, ETH mining operations will be obsolete.

DeFi

Aptos: The Solana Killer from Facebook's Libra Devs

Aptos is a fast, low-fee Layer 1 blockchain that is expected to compete with Solana.

DeFi

Acala’s Stablecoin Contract Hacked, aUSD Depegs Following $1.2B Mint

Acala's stablecoin aUSD suffered a contract hack which resulted in $1.2B of aUSD being minted, and a serious depegging.

DeFi

MakerDAO Proposed to De-Peg DAI & Dump 3.5B USDC from Its Treasury

MakerDAO's co-founder Rune Christensen proposed the DAO dump all its USDC–about $3.5B worth. Christensen wants to buy ETH with the funds.

US Treasury Sanctions Tornado Cash, Tornado Cash Responds with Dusting Attack

DeFi

US Treasury Sanctions Tornado Cash; Dusting Attack Follows

The US Treasury just sanctioned Tornado Cash, and a number of associated wallets. In response, someone performed a dusting attack to high profile individuals.

Hodl Deez Nauts: Hodlnaut Pauses Withdrawals

DeFi

Hodlnaut Puts Its Customers in Permanent Hodl Mode

CeFi platform Hodlnaut paused withdrawals and token transfers. It had $500M under management, but now it appears to be insolvent.

DeFi

Nomad Suffered Crypto's First Decentralized Hack

Last week, Nomad suffered crypto's first decentralized hack. Hundreds of strangers took over $190M from Nomad using a smart contract exploit.

DeFi

Helium Lied about it's Partners, Salesforce and Lime are out; Revenue Worries

Helium had listed Salesforce and Lime as partners—these two companies said they are not in partnership. All while Helium's revenue decline to $6.5k/month.

Clown waits in sewer drain for Solana assets stored in Slope wallets

DeFi

Thousands of Solana Wallets Drained in Slope Wallet Hack

Thousands of Solana wallets are being emptied by a hacker in what Twitter users are calling "The Great Drain."

DeFi

Ongoing Solana Ecosystem Hack, Suspected Compromised Private Keys

There is a major ongoing hack in the Solana ecosystem, which is believed to be related to compromised private keys. Here's how to protect yourself.

DeFi

Algorand CEO is leaving, COO Moving Up

The Algorand CEO is leaving and the current COO is taking over the interim CEO position effective immediately.

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