- US$114 million has been lost in the Poloniex hack; FTX bankruptcy advisor sued Bybit to recover US$953 million in assets (11.11)

3 months ago
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CZ: A client executive was lured to Montenegro and lost approximately 12.5 million USDT. About 11.8 million USDT has been successfully frozen.

- US4 million has been lost in the Poloniex hack; FTX bankruptcy advisor sued Bybit to recover US3 million in assets (11.11)


Poloniex hack costs $114 million

At present, the losses caused by the Poloniex hacking incident continue to rise. That loss has now reached $114 million, according to data obtained by The Block.

FTX bankruptcy advisor sues Bybit to recover $953 million in assets

FTX bankruptcy counsel has sued cryptocurrency trading platform Bybit Fintech Ltd and two of its affiliates in a Delaware court on Friday, seeking to recover approximately $953 million worth of cash and crypto assets that were used before FTX collapsed. Evacuate from the platform.

The lawsuit alleges that Mirana Corp., Bybit’s investment arm, had special VIP benefits that most FTX customers did not have and used those privileges to move most of its assets off FTX’s platform when FTX collapsed. As FTX customers queued up to withdraw money, Mirana pressured FTX employees to fulfill their withdrawal requests.

Industry news

47 countries including the United States, Britain, France and Germany have pledged to implement a crypto-asset reporting framework by 2027 to combat tax evasion

47 countries including the United States, the United Kingdom, Australia, Brazil, Canada, France, Germany, Greece, Italy, Japan, South Korea, and Switzerland have committed to authorize the implementation of the Crypto Asset Reporting Framework (CARF) by 2027, which is an automatic exchange between tax authorities new international standards for information; and will be incorporated into their domestic legal systems to improve the ability to ensure tax compliance and combat tax evasion.

In the joint statement released by these countries, they also invited other jurisdictions to join in to strengthen the global automatic information exchange system and combat tax evasion.

An address sells MEME currency BITCOIN worth US$2.54 million, or is a wallet owned by Su Zhu

Arkham data shows that a certain address (0x 7 DEC) sold 20 million MEME coins BITCOIN (HarryPotterObamaSonic 10 Inu., worth US$2.54 million) in the past three days. According to feedback from community users, the wallet is owned by Su Zhu, and there are currently 3 million coins left. BITCOIN.

On-chain data shows that BITCOIN rose 17% today, with a market value of $150 million.

Project News

CZ: A client executive was lured to Montenegro and lost approximately 12.5 million USDT. Approximately 11.8 million USDT has been successfully frozen.

Changpeng Zhao posted on the It was time to contact the partner to freeze the wallet, and since all funds were transferred to the Tron wallet in the form of USDT, approximately $11.8 million of the $12.5 million had been successfully frozen.

Butter Finance announced that it will stop publishing, and the future of the project is unclear

Butter Finance officials stated that contributors found the veCAKE system and incentive model to be unrealistic for Butter. Butter Finance has decided to stop publishing due to this issue.

On the 2nd of this month, Butter Finance also told users that Butter Finance will be launched soon and will become “the building block that will unveil the next phase of DeFi.”
Butter Finance is a veCAKE module and decentralized governance and revenue enhancement platform built for Pancakeswap.

Crypto analysis company Block Scholes completes US$3.3 million in financing, with participation from CoinSwitch and others

Crypto analytics company Block Scholes has raised $3.3 million in financing, with participation from Record PLC, Investcorp, Dair Capital, Saison Capital, CoinSwitch, FunFair Ventures and others.

Block Scholes launches in 2021, and funds from this round will be used to expand the team and develop the product. Block Scholes said it has provided encrypted data services to institutions such as hedge funds, banks and exchanges.

Galactic Holdings completes $6.25 million in Series A funding, led by Galaxy Interactive and Dragonfly

Galactic Holdings, a Latin American digital financial company, announced that it has recently completed Series A financing, with a total amount of US$6.25 million. The financing was led by Galaxy Interactive and Dragonfly, with participation from SHK and other institutions. The capital injection will further promote the development of Galactic Holdings TruBit wallet, TruBit Pro exchange and Mexican stablecoin MMXN and other sub-brands in the Latin American market, while accelerating the expansion of cross-border payment services in other countries.

At present, TruBit has successfully opened up compliance channels for three major legal currencies in Mexico, Argentina, and Brazil, providing users with services to buy and sell cryptocurrencies directly through bank transfers; the company has also launched the MasterCard cryptocurrency prepaid card, covering local and cross-border payments. , spot and contract transactions, as well as large OTC transactions and other comprehensive digital financial solutions.

Avalanche launches Codebase, an accelerator for early-stage founders, officially opening for registration on November 27

According to official news, Avalanche announced the launch of Codebase, a 12-week accelerator for early-stage founders that focuses on product, engineering, go-to-market, operations, organizational development and fundraising. A first batch of 15 startups will be selected, each receiving a $50,000 stipend to focus on building for the duration of the project.

Participants will have the opportunity to compete for a $400,000 investment prize pool at Demo Day. Currently, Codebase is open for pre-registration, and registration will be officially opened on November 27. Applications will close on February 12, 2024, and the winners will be announced on March 18.

Bitfury Group sells 10 million shares of Cipher Mining common stock at $2.95 per share

Blockchain technology company Bitfury Group announced the sale of 10 million shares of Cipher Mining common stock for $2.95 per share in a privately negotiated transaction. After the transaction is completed, Bitfury will hold 191,931,387 shares of Cipher, accounting for approximately 75.37% of Ciphers common shares.

Bitfury has entered into a 60-day lock-up agreement for its remaining shares of Cipher common stock. Under the agreement, the company is prohibited from selling or transferring any shares of common stock until January 15, 2024.
Cipher is a U.S.-based Bitcoin miner that until August 27, 2021, operated as a subsidiary of Bitfury.

Crypto chip company Ingonyama completes $20 million in seed round financing, led by Walden Catalyst

Semiconductor company Ingonyama announced the completion of a $20 million seed round of financing, led by Walden Catalyst, with participation from Geometry, BlueYard Capital, Samsung Next, Sentinel Global and others. It is reported that the products of many participating companies rely heavily on zero-knowledge proof technology, including the Israeli company StarkWare.

It is reported that Ingonyama’s first chip is a programmable parallel computing processor similar to a GPU, but designed to accelerate advanced encryption, specifically for zero-knowledge proofs and fully homomorphic encryption. Until the chip is ready, the company is developing open-source software on GPUs to run the same encryption technology efficiently.


NEO founder Da Hongfei: NEO has not participated in the buying and selling activities of NEO/GAS

Neo founder Da Hongfei said in Discord, “I have no right to comment on other people’s investment choices, but I can confirm that in the past few months and since the establishment of the company, due to the advantage of internal information, NEO Global Development (NGD) and NEO Foundation ( NF) has not participated in the buying and selling activities of NEO/GAS, except for expenditures for normal operating expenses.”

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