Staff Picks January 2023
Why DeFi should expect more hacks this year: Blockchain security execs
One reason is that “hackers have gotten smarter, gained more experience, and learned how to look for bugs,” according to the founder of a crypto auditing firm.
LastPass data breach led to $53K in Bitcoin stolen, lawsuit alleges
A class action is seeking damages from the password manager following a data breach in August 2022.
Brother of Criminal Bitcoin Mixing CEO Pleads Guilty to Stealing 712 Bitcoins From IRS
Gary Harmon, brother of Helix CEO Larry Harmon, stole his brother’s forfeited crypto right out from under the IRS’ nose, and spent it extravagantly.
DCG Drama Recap: Winklevoss Letter, Grayscale Troubles, Class-Action Arbitration
Digital Currency Group is facing problems on multiple fronts.
Coinbase Settles for $100M With Regulators Over Compliance System
Coinbase will pay a $50 million fine, and invest another $50 million into improving its compliance program.
This XRP Ledger Amendment Goes Live Today, Without Ripple’s Approval
The XRP Ledger will see a new amendment go live today, without the explicit approval of Ripple (as always). The “CheckCashMakesTrustLine” amendment will be automatically activated on the XRP Ledger today with a majority of 27 out of 34 votes.
Nexo investigation is not political, Bulgarian prosecutors say
A spokesperson for Bulgaria’s chief prosecutors has denied claims that the investigation was prompted by the company’s political donations.
Genesis is planning to file for bankruptcy: Report
Another one bites the dust? A report suggested an initial bankruptcy filing from Genesis could come before February.
10 ways blockchain developers can use ChatGPT
AI is a powerful tool that developers in the cryptocurrency and blockchain industry can use. Here is how ChatGPT can be of help.
Wormhole hacker moves $155M in biggest shift of stolen funds in months
Blockchain transaction history shows that the hacker transferred the funds onto a DEX and then went on to cycle funds around different DeFi protocols.
Hackers breach Azuki’s Twitter account, stealing $758K in 30 minutes
Most of the funds stolen were from a single wallet, with $751,321.80 in USDC drained from the malicious link.
Breaking: Coinbase fined $3.6M in the Netherlands
United States-based crypto exchange Coinbase is fined 3.3 million euros ($3.6 million) by the Dutch central bank for the lack of registration.
When meme? Top crypto memes and their meaning
Memes have become an important, if somewhat humorous, part of the cryptocurrency community.
Ripple, Binance impersonators target XRP holders via fake staking program
Online fraudsters attempt to lure in XRP investors by offering fake staking services with an ROI of up to 31% for a token that is not based on proof-of-stake consensus.