AllianceBlock hacked for $12M; Nostr launches Damus app

admin February 2, 2023

0 3 minutes read

The biggest news in the cryptoverse on February 1st was that DeFi platform AllianceBlock fell victim to a $12 million exploit. Meanwhile, decentralized social media project Nostr has launched his mobile app called Damus. Additionally, FTX published financial updates that conflicted with court filings, former FTX CEO Sam Bankman-Fried was banned from using his Signal and communicating with his FTX associates, and the Shredded Apes NFT project was I have been a victim of theft. Plus comments from CoinShares and his M13 Capital.

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AllianceBlock targeted in $12M exploit

AllianceBlock is being attacked with a multi-million dollar exploit, according to February 1 Announced by the DeFi project.

That report shows that the attackers accessed 110 million ALBT tokens. It was worth about $12 million before the attack.

The price of ALBT dropped dramatically as it fell from $0.11 to $0.04 in the hours after the attack. Further losses are expected.

AllianceBlock said the attackers violated personal “Troves” (smart contracts controlled by users and used to manage deposits) on its affiliated platform Bonq. AllianceBlock added that its own smart contract has not been compromised.

Unconfirmed reports suggestion The attacker earned at least $500,000 in stablecoins by selling Bonq’s BEUR token.

Decentralized social network Nostr launches mobile app ‘Damus’

Decentralized social network Nostr’s mobile application Damus launched on Google Play and AppStore on February 1, announced on the app’s Twitter account.

Twitter co-founder Jack Dorsey said the app announcement posted and said it was an “open protocol milestone”.Dorsey had He previously donated Bitcoin (BTC) to the Nostr protocol and added his Nostr address to his Twitter bio.

dams app It claims to be a user-controlled social network that functions similarly to Twitter. The app claims to give users complete control over their data. Protect all your messages with end-to-end encryption without the need for a KYC process.

FTX Group’s interim financial update contradicts court filings, shows exchange had $1.43 billion in cash

FTX Group has released an interim financial update showing it has $1.43 billion in cash at the end of 2022. This tops his reported $1.24 billion on Nov. 20, 2022, according to court filings.

Sister company Alameda Research reported $876.6 million in filings, compared with $401 million reported in November 2022.

Shredded Apes LP depleted, 78M tokens liquidated

Shredded Apes announced on February 1 that its main wallet containing Loyalty and Native Tokens (WHEY) was compromised.

The official shred monkey explained that all the funds were transferred to “”.EgnTKUUsN1nyq4ap7hK9VSqSettH6T4gvLvdj3spneCg“About 2-3 hours ago” at the time.

During the token migration to Mintinglab V2, approximately 78 million WHEY tokens were transferred to the Shredded Apes Loyalty Wallet during the week of January 23rd.

SBF is restricted from using Signals and communicates with FTX employees

Federal Judge Lewis Kaplan has imposed communications restrictions on former FTX CEO Sam Bankman-Fried. February 1 Court Submissions.

The ruling imposes two limitations. First, Bankman-Fried is banned from using encrypted, self-deleting messaging apps, including Signal⁠. It’s a popular messaging app he’s used to communicate with his employees in the past.

Second, Bankman-Fried is prohibited from communicating with current and former employees of FTX and Alameda Research. unless those individuals are exempt, are his immediate family members, or he is in the presence of an attorney.

CoinShares CEO Says Lack of Political Will Hinders US Regulatory Landscape

CoinShares Co-Founder and CEO Jean-Marie Monetti He said a lack of political will is hampering the development of a sound regulatory framework for digital assets in the United States.

Commenting on the contrasting regulatory styles in the US and Europe, Mognetti said a top-down approach by European political leaders would make a difference.

Taking France as an example, the CEO of CoinShares said that the French president Emmanuel Macron “propelled the law in 2017”, which would later form the basis of the country’s regulatory approach to digital assets.

M31 Capital Bullish on BTC Price, Picked Up in 2023 Forecast

crypto investment company M31 Capital shared its predictions for 2023, saying it expects Bitcoin (BTC) to surge.

The company said in its 2022 summary: report We anticipate further increases in hiring.

The document also states that chains and NFTs may evolve in new directions, and privacy technologies may become important.

Considering BTC’s price performance during the bear market, M31 Capital said it was “incredibly bullish” on the next cycle. The report states that “no one voluntarily sold BTC,” indicating the community’s trust in BTC. The report concluded its words on BTC by quoting Ryan Serkis, who said, “We are in the realm of selling kidneys and buying more.”