SEA Crypto Trade Reportedly Exploited For $15.7M | Key Factors | Sept. 11, 2024 | BitPinas
GM. Welcome again to BitPinas Key Factors: simply digestible information in concise codecs for straightforward studying. In at present’s every day recap, a Southeast Asian crypto trade grew to become the newest sufferer of an exploit.
Listed below are the newest crypto information tales within the final 24 hours.
Market Evaluation and Updates 📈
Listed below are the crypto highlights of the day:
Crypto Value Replace
- Bitcoin (BTC): $56,234.22, down 1.1% over the past 24 hours.
- Ethereum (ETH): $2,325.21, down 0.8% over the past 24 hours.
- Solana (SOL): $131.78, down 1.4% vs yesterday.
Trending Cash Replace
- Kwenta: $66.48, up 50.3% vs yesterday.
- Parsiq: $0.0966, up 35.6% over the past 24 hours.
- MAGA: $2.85, down 12.5% vs yesterday.
For the every day worth replace, try our submit on Fb.
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Characteristic Information: Indonesia’s Indodax Suffers $15M Loss From Exploit — Peckshield
Indodax, an Indonesian crypto trade, was hacked, dropping about $15.7 million. The breach impacted a number of blockchain networks, together with Ethereum and Polygon. Indodax is at the moment offline for upkeep, information outlet The Block has reported.
What’s the importance: Whereas Indodax stated consumer funds are protected, persons are anxious about how this case will unfold. Anytime a crypto consumer loses entry to their holdings is a trigger for concern, particularly if these funds are badly wanted by the individual.
Key particulars:
- $8.5 million in Ethereum and $6.8 million in POL tokens had been stolen.
- The suspicious exercise was detected by safety companies like PeckShield.
What’s subsequent: Right here’s what’s taking place in the intervening time:
- Indodax stated they’re investigating the difficulty.
- Customers are ready for the platform to come back again on-line, hoping for clear updates on how their funds can be protected.
Zooming out: That is the second main hack within the earlier three months of crypto trade, following the $230M hack of Indian crypto trade WazirX.
Philippine Crypto Information 🇵🇭
- ICP Hub PH shared the video recap of the lately concluded iThink Hackathon: Pump up the Jam.
- YGG Play Summit early chook tickets at the moment are out.
- PDAX launched its #YourNextMoneyMove marketing campaign, in collaboration with Gainers Floor, with a ₱15,000 prize pool.
Noteworthy 🌟
Key updates and bulletins from across the crypto and blockchain world:
- Bitcoin‘s cumulative buying and selling quantity surged to $2.87 trillion from January to August 2024.
- Metaplanet Inc., a Japanese funding agency, bought a further 38.4 BTC, elevating its complete Bitcoin holdings to 398.8 BTC ($26 million).
- Bitcoin ETFs within the US noticed $1.2 billion in outflows over eight days, marking their longest streak since their launch in January.
Academic Nook 🎓
- Discover ways to play and earn with the brand new rewards platform with a Telegram recreation GOAT Gaming.
- It’s launched by Mighty Bear Video games, a Singapore-based studio.
Regulation Watch 📜
Keep knowledgeable in regards to the newest regulatory updates and what they imply for you:
- The US SEC imposed $4.7 billion in crypto-related enforcement actions in 2024, marking a 3,000% improve from 2023.
- 5 U.S. states settled with GS Companions, securing 100% refunds for buyers concerned in fraudulent crypto schemes.
- The North Carolina Senate voted to override Governor Roy Cooper’s veto, passing a invoice that bans using a US Federal Reserve-issued CBDC within the state.
Meet Kristine Erispe: Also referred to as Danki, she is a key determine within the Philippine Web3 group.
Erispe can also be a core member of ETH63, an area Ethereum group.
She is a blockchain developer and co-founder of DeFi Philippines, a group centered on decentralized finance.
Listed below are some articles the place Erispe is featured:
- [Web3 interview series] Danki’s management journey with ETH63
- [Web3 interview series] How ETH63 intends to drive Ethereum progress within the Philippines
Extra Web3 and AI Information 💡
Uncover the newest in web3 and AI innovation.
- FriendTech successfully shut down by transferring management of its sensible contracts to a null deal with.
- EtherFi partnered with Scroll to make use of its Ethereum Layer 2 community for settling transactions on the upcoming EtherFi Money bank card.
- Snapshot Labs is launching Snapshot X, a brand new on-chain governance protocol on Starknet.
Web3 Gaming Part 🎮
The way forward for web3 is gaming, and listed here are the newest information.
- GAMEE is launching the WATCoin token for its informal recreation WatBird on The Open Community (TON) this September.
- Planet Mojo is migrating to Coinbase’s Base community to boost its gaming expertise.
- Animoca Manufacturers Japan partnered with TOKYO STUPID GAMES to assist its world growth by leveraging its community for advertising and marketing and token financial system design.
Occasion Bulletins 📅
Don’t Miss Out: Upcoming occasions, webinars, and meetups within the crypto house!
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