Hotbit Suspends Trading and Withdrawals Due to Criminal Investigation
- Hotbit suspended trading, deposits, and withdrawals as some of its funds were frozen by an unnamed law enforcement agency.
- The agency was investigating a former employee of the company, who worked on an external project suspected of violating criminal law.
August 11, 2022, 10:01 AM
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Curve Finance Finds and Resolves Site Exploit
- The DeFi platform told its users it had “found and reverted” a frontend exploit only an hour after it was first reported.
- The attacker apparently used a DNS spoofing attack to clone curve.fi’s website, and redirect the DNS points to his IP address.
August 10, 2022, 12:41 PM
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Crypto Lender Hodlnaut Suspends Services
- The Singapore-based company has become the latest crypto lender to pause all deposits and withdrawals citing market conditions.
- The company also pulled out its regulatory license application with the Monetary Authority of Singapore, meaning it can no longer provide token swap services.
August 8, 2022, 4:34 PM
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Binance to Launch Prepaid Crypto Card in Argentina
- Binance Card was launched in Argentina in partnership with Mastercard, allowing users to maker purchases using crypto at over 90 million merchants globally.
- The card will not only allow customers to make payments using crypto, but also make cash ATM withdrawals, as well as earn up to 8% back on certain purchases.
August 5, 2022, 3:56 PM
Binance CEO Changpeng Zhao. CryptoMonedaseICOs
Aug 4, 2022
Slope Wallet Likely Tied to Solana’s Exploit
- Solana developers claimed an investigation found no evidence that the protocol or its cryptography were compromised in the widespread exploit.
- The investigation, however, discovered that the affected wallets were either “created, imported, or used” in Slope’s mobile app at one point in time.
Aug 3, 2022
Riot Blokchain Mined 21% Less BTC in July Due to Texas Heat Wave
- The crypto mining firm said it had voluntarily curtailed its energy consumption to ensure more power was available in Texas during the heat wave in July.
- While it produced 21% less BTC than it could, the company had earned around $9.5 million in power credit and benefits, as well as reduced its power consumption for the month.
Aug 3, 2022
Millions Drained in Widespread Solana Wallet Exploit
- Multiple people took to Twitter on Wednesday to report funds being drain from their Solana-based wallets, including Phantom, Slope, and TrustWallet.
- Although it is a widespread Solana exploit, with around 8,000 wallets being compromised, its root cause remains unknown.
Aug 2, 2022
Nomad Token Bridge Suffers $190M Security Exploit
- Hundreds of addresses were involved in the $190 million exploit, and Nomad believes that at least some of them were white hat hackers.
- Researcher for Paradigm has speculated that the exploit was caused by a recent update to one of Nomad’s smart contracts.
Aug 1, 2022
Ledger Reportedly in Talks For $100M Funding Round
- Unnamed sources have said that the company is currently in talks with interested parties to raise at least $100 million in a new funding round.
- The same people noted that Ledger had experienced growth in its business over the past months, as investors turn to cold storage.
Aug 1, 2022
Aave Community Vote Approves Stablecoin Creation
- The community proposal passed with 501,000 AAVE tokens in favor, which amounted to 99.99% of the total votes cast during the three0day long voting period.
- The GHO stablecoin is similar to other algorithmic stablecoins, though it aims to become an overcollateralized stablecoin similar to DAI.