Security in WEB3 - Issue 8 : 25-July-2022
Weekly roundup on Security, Developer, Research and resources in WEB3
Hey Everyone!
Welcome to my eighth issue on Security in WEB3.
Due to a lot of RugPulls and regulatory news last week, This week's Developer resources cannot be accommodated.
If this is the first time you have visited this newsletter please consider subscribing if you like to read any of the following.
**The total amount of loss shown are approximations and cannot guarantee that those are actual numbers/losses incurred to people/protocol or profit made by the exploiter.**
Hacks🤫
Audius Governance Attack - Lost 18.6M Audis tokens ~$6.1M worth at the time of the heist
$LPC flash loan attack ~$45.7k
Crypto exchange Quoine fined $67,000 over breach of 650k customers' data
FBI Seizes $500K in Crypto and Ransome pays From North Korean Hackers
Verified Twitter Vulnerability Exposes Data from 5.4 Million Accounts
Scams😩
YugaLabs warns about coordinated attack from compromised Twitter accounts
Former Coinbase Employee Allegedly Tipped His Brother and Friend Regarding Crypto Assets That Were Going to be Listed on Coinbase Exchanges
My Big Coin Founder Convicted of Cryptocurrency Fraud Scheme
RugPulls😨
News 📰
Bitfinex and Tether launch peer-to-peer video calling app Keet
CoinFLEX Proposes Plan to Compensate Depositors, Restructure Business
Spanish Exchange BitBase Opened Its First Physical Store in South America
Colombia Advances Regulatory Framework for Local Crypto Industry
Three Arrows Capital Founders Break Their Silence, Look to Move to Dubai
South Korean Prosecutors Raid Terra Co-Founder Daniel Shin's Home (7 exchanges and 8 other individual addresses)
Finnish Customs Sells Off $47 Million in Seized Bitcoin, Will Donate Proceeds to Ukraine
Regulatoins®️
US House lawmakers prep bipartisan stablecoin bill to unveil next week
EU, US swap policy intel on European crypto regulation, stablecoins
UK Regulators to Introduce Rules for Stablecoins in New Markets Bill
US Treasury Open to Nonbanks Issuing Stablecoins, Official Says
French Banking Giant BNP Paribas Enters Crypto Custody Space
Buying crypto with credit cards is now indirectly banned in Taiwan
Argentinian Government Excludes Crypto Investors From Buying Dollars
Indian Finance Minister Echoes Central Bank's Crypto Ban Call but Says Global Collaboration Is Required
Australian Central Bank Chief Believes Regulated Private Tokens Could Be Better Than CBDCs
Uncertainties🙆♂️
Crypto exchange Zipmex halts withdrawals due to 'volatile market conditions'
Crypto exchange Gemini executes a second round of layoffs less than two months after axing 10% of staff
Blockchain.com Cuts 25% of Its Workforce Amid Crypto Bear Market
Australian buy now, pay later company Zip to exit Singapore, deprioritize crypto offering
Crypto Lender “Cred” Blames Its Demise on “Uphold” an Exchange in LawSuit
Discord Compromises💩
24-July-2022:
23-July-2022:
22-July-2022 :
21-July-2022:
20-July-2022 :
19-July-2022
18-July-2022 :
Developer resources💻
Cairo 101 by @joranhonig
Weekly Spotlight :
“@zachxbt“ - On-chain sleuth | Rug pull survivor turned 2D detective