Binance looking to spend $1B on deals in 2022; 2 million BNB stolen in BSC bridge hack

admin October 8, 2022

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The biggest news in the cryptosphere on Oct. 7 included Binance fixing a BSC bridge exploit after 2 million BNB was stolen, Bitcoin falling following new US salary data, BSC It includes a second group of attackers who have stolen over 60 ETH using a bridge exploit. Create coins from Binance.

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Binance Resumes BSC Bridge Operations After 2M BNB Exploit

Binance (BNB) suspended deposits and withdrawals from its BNB smart chain on October 6th due to an exploit. Hackers have successfully stolen 2 million BNB from him.

In the early hours of October 7th, Binance announced that the issue had been fixed and the chain resumed operations.

.@BNB chain I’m back online.We are now reopening @BNB chain Deposits and withdrawals at #binance.

Thank you for your patience. https://t.co/icZvlWaHGi

— Binance (@binance) October 7, 2022

Bitcoin Sinks as US Salary Data Shows 263K New Jobs Added in September

The U.S. Bureau of Labor Statistics (BLS) has released its nonfarm payrolls data for September. Data showed that employment increased by 263,000 new jobs, bringing the unemployment rate 3.5 percentage points below the forecast of 3.7%.

Bitcoin (BTC) reacted to the news, falling 1% to $19,800 in the 15-minute candlestick.

Grifters Earn Over 60 ETH From Spoofed Tokens Created After Binance Exploit

Some malicious actors leveraged Binance cross-chain exploits by creating the token “BNBHACKERINU” shortly after the attack. Attackers used it to steal over 60 Ethereum (ETH).

Using his own address as the primary deployer, the attackers were able to remove the BNBHACKERINU tokens from the wallet and transfer them wherever they wished. In doing so, the attacker issued her over 1,000 trillion tokens.

According to on-chain researcher ZachXBT, this attacker was not the same one who abused the cross-chain bridge.

$5.3M investment from GoldenTree boosts sushi prices by 6.6%

crypto slate Data shows that Sushiswap (SUSHI) surged 6.6% in the last 24 hours. It followed an upward trend throughout the month, recording a 24.4% increase in 7 days and a 19% surge in the last 30 days.

Analysts linked SUSHI’s positive sentiment to a $5.3 million investment the project acquired from a private asset management firm called GoldenTree.

Luna Foundation denounces lawsuit for non-distribution of assets to Terra owners

The Luna Foundation Guard (LFG) has tweeted that it is distributing Terraform Labs’ remaining assets to token holders to cover its losses. However, LFG claimed its efforts were halted due to ongoing litigation.

The community reacted very furiously. FatManTerra commented on this post, citing timelines, saying the Foundation has plenty of time to hold and airdrop.

excuse.

May 9 – UST depeg
May 16 (7 days) – LFG commits to refunding small holders
May 28th (19 days) – Launching a brand new blockchain and doing massive LUNA drops
June 21 (43rd) – First Terra lawsuit filed

We had enough time to do a simple USDC airdrop. Why didn’t you?

— Fat Man (@FatManTerra) October 7, 2022

Reserve Bank of India outlines blueprint for CBDC

The Reserve Bank of India (RBI) has released a paper announcing the imminent start of the pilot phase of the digital rupee. The article also included the motivations for creating the digital rupee, design choices, and technical considerations for the pilot phase.

The documentation said:

“It is the central bank’s responsibility to provide citizens with a risk-free CBDC that offers users the same experience of working with currencies in digital form, without the risks associated with private cryptocurrencies.”

Decentraland Dispute Claims Its Virtual World Platform Is A Ghost Town

On October 6th, DappRadar data showed that Decentraland (MANA) had only 30 daily active users. crypto slate reported about.

A representative from Decentraland has reached out crypto slate To reveal that the number of active users per day was well above 30. As of October 6, there were 7,871, with an average of 8,590.

Convert Ethereum Classic Twitter account to Ergo

The old Twitter account for Ethereum Classic (ETC) has changed. The handle @eth_classic and his 670,000 followers have been given to his PoW rival Ergo (ERG) on Ethereum.

So what happened to this account? 🧵

— Ethereum Classic (@eth_classic) October 6, 2022

“Exposing” Celsius users in court to question KYC and bankruptcy proceedings

Bankrupt crypto lender Celsius (CEL) has filed a schedule of assets and liabilities and financial statements as part of its Chapter 11 bankruptcy. This includes the name and transaction information of Celsius users.

Twitter reacted violently to the document, accusing Celsius of “exposing” users.

The US Department of Justice charges a man with using BTC to launder $5.4 million in drug trafficking funds.

The U.S. Department of Justice (DOJ) has claimed that John Khuu made $5.4 million in drug trafficking and laundered money through Bitcoin. DOJ alleged that Khuu sold counterfeit medicines and drugs on the dark web and was paid in Bitcoin.

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News around Cryptoverse

Binance Could Spend $1 Billion in Trading in 3 Months

Binance CEO Changpeng Zhao said: bloomberg news The exchange could spend $1 billion on investment deals by the end of the year.

CZ said the current market can present not only risks and pains, but opportunities as well.

Malaysia Announces Plans To Build Public Blockchain

Through a press release, Malaysia has announced that it will work with technology partners to create a public blockchain. The country aims to deploy the widest range of digital services on her Web3.