VanEck’s Gabor Gurbacs warns about fund concentration risks as 8 of 9 U.S. spot Ethereum ETFs choose Coinbase as custodian. VanEck opts for Gemini, while Fidelity uses self-custody. Experts call for multi-custodian setups to enhance investor safety. #Crypto @Coinbase @Fidelity #Update
Quantum computing is advancing fast, posing risks to blockchain security. Lisa Loud warns that Bitcoin and Ethereum’s encryption could be vulnerable to quantum attacks within 10-20 years. Blockchain must innovate for quantum resistance now. #Update #BlockchainSecurity
Developers have rug pulled the ETHTrustFund on Base network, causing $2M in losses. Funds moved to a new wallet were flagged by Octoshi. PeckShield confirmed the use of Tornado Cash to obscure trails. #CryptoScam #Update
Bitcoin hits a new high at $67,539, with a 13.4% weekly surge boosting its market cap to $1.32T. Donald Trump to speak at Bitcoin 2024 conference. FTX settles $12.7B with CFTC; WazirX hacked for $235M. $ETH ETF launch may push price to $5K. #Update
Cryptocurrency exchange @WazirX reported a $235M hack on July 18, 2024. Suspected North Korean hackers targeted the exchange. WazirX is working with CERT-In and over 500 crypto exchanges to freeze hacker accounts and recover the funds. #CyberSecurity #Update
Six altcoins will unlock tokens worth $138M next week, affecting supply and prices. Key releases: $ALT ($111M, 42.08%), $ID ($9M, 4.29%), $ENA ($7.32M, 0.87%), $YGG ($7.56M, 3.74%), $GAL ($3.60M, 0.85%), and $ACA ($340K, 0.46%). #Update
The SEC has formed the Interagency Securities Council (ISC) to tackle securities and crypto fraud, involving 100+ federal, state, and local agencies. Led by Chair Gurbir S. Grewal, the ISC aims to boost collaboration and fight scams using social media and deepfake tech. #InvestorProtection
Blockchain sleuth ZachXBT reveals attacker behind Scroll-supported Rho Markets incident is willing to return $7.6M, citing a configuration error, not a hack. Rho Markets pauses for investigation. #DeFi #Update
Indian crypto exchange @WazirX hacked on July 18; $200M in assets stolen, including 15,298 $ETH, $102M in $SHIB, and $11.25M in $MATIC. Hacker’s wallet now holds 59,097 $ETH. WazirX halts withdrawals, suspects North Korea’s Lazarus group. #CryptoSecurity
? The WazirX hacker converted all stolen altcoins into $ETH, amassing 59,097 ETH worth $201M. This move comes just before the Ethereum ETF launch, which could push ETH to $4,000. The hacker still holds $12-$15M in other altcoins like CHR, CELR, OOKI, and FRONT. #CryptoNews
India’s largest crypto platform, @WazirXIndia, was hacked, losing $235M, including $100M in $SHIB and $52M in $ETH. The attack, possibly by North Korea’s Lazarus Group, has led to a 9.2% Bitcoin discount in India. #CryptoSecurity
Mumbai’s @WazirXIndia faced a $230M hack due to a flaw in Liminal’s interface. Signs point to North Korea’s Lazarus group. Nearly half the funds offloaded; potential freeze on $102M. Highlights urgent need for better crypto security. #Update
South Korea issues arrest warrant for Jon Bur Kim, aka “Coin King,” for allegedly embezzling $14.5M and manipulating altcoin prices. Accusations include bribery and creating a fake token, Podocoin. #CryptoFraud #Update
? Major breach: Indian crypto exchange @WazirX lost over $234M in assets due to a hack on its Ethereum-based wallet. Hackers swapped stolen tokens for $ETH using Uniswap V3. Withdrawals suspended to protect users. #CryptoSecurity #Update
