Crypto Weekly Roundup: Lazarus’s $55M CoinEx Hack And More
The notorious North Korean hacker group Lazarus is once again targeting crypto platforms across the globe, the latest victim being CoinEx. Let’s find out more....
- Lazarus, a North Korean hacker group, is targeting crypto platforms, with CoinEx being the latest victim.
- FTX receives approval to sell its crypto holdings, leading investors to brace for a potential crypto crash.
- Swan, a Bitcoin-only exchange, partners with BitGo to launch a Bitcoin-only trust company.
- Bitcoin experiences a slight dip but bounces back to $25,850, consolidating its move upwards.
- Altcoins suffer losses, with more than $65 billion in market cap lost over the previous 10 weeks.
- Coinbase announces the implementation of the Lightning Network, encouraged by Brian Armstrong, Jack Dorsey, and Michael Saylor.
- Ethereum co-founder Vitalik Buterin's account is hacked, resulting in the theft of nearly $700,000 from unsuspecting users.
- The Polygon network reveals its roadmap for Polygon 2.0, including migration to POL token and staking layer deployment.
- BNB Chain releases opBNB to the public after rigorous testing.
- Avalanche's testnet achieves a transaction rate of 143,322 TPS with its HyperSDK blockchain upgrade.
- Visa closely monitors blockchain scalability advancements, particularly in Ethereum's "Layer 2" networks and ecosystems like Solana.
- MetaMask launches a mechanism enabling its use outside the EVM ecosystem.
- Telegram Messenger incorporates a self-custodial crypto wallet based on The Open Network (TON).
- Genesis, a digital derivatives trader, halts all trading services.
- Animoca Brands raises $20 million for its Mocaverse project through a funding round.
- Coinbase's email to Indian users causes panic, leading to fears of operations closing in India.
- Binance.US CEO Brian Shroder departs, and the exchange undergoes layoffs.
- FTX accuses LayerZero Labs of improperly withdrawing $21 million.
- PayPal introduces a service allowing users to convert crypto into US Dollars.
- Huobi rebrands to HTX, sparking controversy similar to the bankrupt FTX exchange.
- Deutsche Bank partners with Taurus SA for its digital assets custody service.
- Mark Karpeles, founder of Mt Gox, responds to FTX's Sam Bankman-Fried's request.
The article covers various developments and incidents in the cryptocurrency industry. While some news is positive, such as partnerships and advancements, there are also negative aspects like hacking and controversies. Overall, the sentiment is mixed.