CryptoSlate Wrapped Daily: Bitcoin mining difficulty reaches new ATH; FTX, Binance US, Bittrex attacked by same phishing scam

1 year ago

The biggest quality successful the cryptoverse for Oct. 24 includes a caller spike successful Bitcoin mining trouble starring to a caller ATH, FTX agreeing to compensate its users’ losses to a phishing attack, and on-chain information reveals Binance and Bittrex were besides attacked.

Bitcoin mining trouble rises 3.4%, reaching caller ATH

Another spike successful mining trouble was recorded connected Oct. 24. It accrued by 3.4% to scope 36.84 trillion, marking a caller ATH. With that, the mining trouble ribbon got compressed astatine the bottom, historically signaling a bully buying accidental for Bitcoin.

FTX compensating users who mislaid $6M to phishing attacks “just this once,” says SBF

FTX, and was exposed to phishing attacks via 3Commas connected Oct. 12. 3Commas is simply a level that enables users to physique automated trading bots, and its FTC users were targeted by phishing attackers who utilized fake 3Commas websites.

12) Anyway–not lone was this not FTX getting phished, it wasn't adjacent an FTX site.

And successful wide we can't compensate for users getting phished by fake versions of different companies successful the space! It isn't FTX and we person fundamentally nary power implicit it.

— SBF (@SBF_FTX) October 23, 2022

FTX’s CEO Sam Bankman-Fried acknowledged the span of the onslaught and said FTX would compensate its users’ losses “as a 1 clip ting” since it wasn’t “FTX getting phished, it wasn’t adjacent an FTX site.”

On-chain information reveals Binance US, Bittrex besides targeted by API onslaught utilized connected FTX

According to a associated study by X-explore and WuBlockchain, Binance US and Bittrex were besides attacked by the aforesaid phishing scam FTX suffered.

The study states:

“X-explore recovered that the attackers successful the FTX&3commas API theft besides attacked Binance US and Bittrex exchanges, stealing 1053ETH and 301ETH respectively. At present, the onslaught connected Bittrex is inactive successful progress.“

Crypto staking level Freeway halts withdrawals, FatManTerra alleges Ponzi scheme

Crypto staking level Freeway pointed retired the marketplace volatility arsenic the crushed and halted withdrawals and deposits. The announcement cited that the steadfast “has decided to diversify its plus base” to debar marketplace volatility successful the future.

Two hours ago, Freeway halted each level withdrawals. They besides wiped the names of each squad members from their website. It looks similar it's over. Another $100m+ rug. https://t.co/CUHZRygRGM pic.twitter.com/BJE4QMtkPy

— FatMan (@FatManTerra) October 23, 2022

Crypto influencer FatManTerra, cited the quality and pointed retired that the Freeway squad deleted each their names from the website, saying that the Freeway protocol mightiness beryllium different rug pull.

FTX Sam Bankman-Fried hints astatine Cardano listing

FTX’s CEO Sam Bankman-Fried hinted that the speech mightiness soon database Cardano’s ADA for spot trading.

SBF made this remark via his Twitter relationship successful effect to a Cardano capitalist who said FTX refused to database ADA due to the fact that it perceived the plus “as a menace to everything they privation to control.”

Mango Market’s hacker rug pulls Mango Inu aft informing investors would “definitely suffer each your money”

The Mango Markets hacker, Avraham Eisenberg, tweeted astir creating Mango Inu, which is simply a meme coin based connected Eisenberg’s Mango Markets exploit.

The different time I deployed a shitcoin called Mango Inu and did perfectly nary promotion. It got implicit 250k invested/gambled successful similar a fractional hour.

We're inactive truthful acold distant from the bottom.

(to beryllium wide if you bargain this you volition decidedly suffer each your money)

— Avraham Eisenberg (@avi_eisen) October 23, 2022

On Oct. 24, Eisenberg admitted to rug-pulling the Mango Inu task and claimed it was done legally since helium warned the investors astir “definitely” losing their money.

Cathie Wood $100k Bitcoin concern reportedly made implicit $7M profit

Founder of Ark Invest, Cathie Wood, revealed that she made a $100,000 concern successful Bitcoin backmost erstwhile it was priced astatine $250. Today, her concern equals implicit $7 cardinal successful profit.

Ex-OpenSea exec dodges insider trading charge, ligament fraud proceedings to continue

In aboriginal June, the U.S. Department of Justice (DOJ) charged erstwhile OpenSea worker Nate Chastain with ligament fraud and insider trading charges. The DOJ had claimed that Chastain allegedly misappropriated insider accusation from OpenSea.

On Oct. 24, Judge Jesse Furman decided that the insider trading charges indispensable impact securities oregon commodities. Since neither was progressive successful Chastain’s case, the usage of the operation “insider trading” successful his lawsuit is misleading. Chastain’s proceedings connected ligament fraud volition stay intact.

US DOJ charges 2 Chinese agents for bribing FBI cause with BTC

The U.S. Department of Justice (DOJ) charged 2 Chinese quality agents for allegedly paying $61,000 worthy of Bitcoin to an FBI treble agent.

Chinese agents Guochun He and Zheng Wang allegedly bribed FBI agents to bargain documents that revealed the authorities probe strategy against a Chinese telecommunications company.

Quickswap to adjacent lending marketplace pursuing $220K exploit

Decentralized speech QuickSwap said that it would adjacent its lending excavation due to the fact that of the Market XYZ exploit. Market XYZ was utilized with a flash indebtedness onslaught connected Oct. 24.

Wintermute CEO argues Crypto Twitter “doesn’t matter” arsenic overmuch arsenic “U.S. regulators, politicians” successful effect to SBF discourse

FTX CEO Sam Bankman-Fried shared his opinions astir crypto regulations connected Oct. 19. Wintermute CEO Evgeny Gaevoy tweeted connected Oct.23 to inquire for the community’s comments connected SBF’s framework.

Gaevoy said that crypto Twitter is simply a “tiny subset of the world” and “doesn’t matter.” Instead, helium added, “U.S. regulators and politicians arsenic good arsenic broader idiosyncratic basal substance mode more.”

News from astir the Cryptoverse

Hong Kong rolls its sleeves connected crypto regulations

Hong Kong, Securities and Futures Commission, confirmed that they are considering allowing retail investors to commercialized crypto assets, according to section quality sources directly.

In bid to instrumentality this change, Hong Kong volition present a broad crypto framework, including the integer Hong Kong dollar and a due licensing and regulatory framework.

Crypto Market

In the past 24 hours, Bitcoin (BTC) decreased by -0.64% to commercialized astatine $19,347, portion Ethereum (ETH) spiked by +1.42% to commercialized astatine $1,349.