What happened in crypto this weekend?


18 Sep 2023 6:24 AM

Ethereum developers have been forced to regroup after failing to launch a new test network, Holesky, on Sept. 16. The testnet attempted to launch with...

  • Ethereum's Holesky testnet failed to launch due to a misconfiguration in the source code, resulting in insufficient active validators for the network to reach finality.
  • Ethereum developers plan to retry the launch in approximately two weeks after resolving the technical issue.
  • Holesky is intended to replace the Goerli testnet and facilitate staking, infrastructure, and protocol development on the Ethereum network.
  • CoinEx, a crypto exchange, has published an open letter inviting hackers behind a recent $70 million heist to discuss the potential return of funds and collaborate on upgrading the exchange's security system.
  • CoinEx is willing to offer a bug bounty as a reward for returning the stolen funds and praised the technical expertise of white hat hackers.
  • United States prosecutors have objected to certain questions proposed by Sam Bankman-Fried's lawyers for his upcoming trial, deeming them unnecessarily intrusive.
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You May Ask

Why did Ethereum's Holesky testnet fail to launch?When will Ethereum developers attempt to launch the testnet again?What is the purpose of Holesky and why is it replacing the Goerli testnet?What is CoinEx's approach to dealing with the hackers behind the $70 million heist?Why have United States prosecutors objected to Sam Bankman-Fried's proposed jury questions?

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