Legal Daily News | Monetary Authority of Singapore imposes 9-year ban on Su Zhu and Kyle Davies; CoinEx ensures cold wallet asset security after hot wallet private key leak leads to attack incident.
Selected News:
1. The number of active independent addresses on the Ethereum mainnet exceeded 1.08 million yesterday, reaching the second highest level in history.
2. Bloomberg: The Monetary Authority of Singapore has imposed a 9-year ban on Su Zhu and Kyle Davies, the founders of Three Arrows Capital.
3. CZ: Cryptography has already moved beyond the very early stages and may experience exponential growth;
4. CoinEx: Cold wallet asset security. The preliminary determination of the cause of the hacker attack incident is the leakage of the hot wallet private key.
5. Data: The protocol fee for friend.tech has exceeded 5000ETH.
Project Updates
BM's NFT platform Voice announced shutdown, formerly raised $150 million
The NFT platform Voice announced that it will cease operations in a few months due to the high uncertainty of the cryptocurrency and NFT market. Voice has suspended new user registrations and closed its trading market. Existing users' assets are safe and can be migrated to EOS, Polygon, and Ethereum in a few weeks. The assets will be retained on the Voice platform until December 31, 2024.
According to Bloomberg, the Monetary Authority of Singapore (MAS) issued a statement on Thursday stating that it has imposed a nine-year ban on Su Zhu and Kyle Davies, the two founders of the cryptocurrency hedge fund Three Arrows Capital, who were criticized for its collapse. The ban prohibits the two from engaging in any regulated activities. Under the Securities and Futures Act, they are also prohibited from managing any capital market services company, serving as its director, or becoming a major shareholder. MAS accused Three Arrows Capital of providing false information and failing to implement an appropriate framework for risk management. Loo Siew Yee, Assistant Managing Director of MAS responsible for policy, payments and financial crime, said in a statement that MAS takes a serious view of Su Zhu and Kyle Davies' blatant disregard for MAS' regulatory requirements and their dereliction of duty.
BlockBeats reporter reported from the front line of Token2049 that CZ, the founder of Binance, said in the "Virtual Fireside Chat: CZ" session at Token2049 in Singapore: "I think one thing that needs to be clarified is that cryptocurrency does not need to be 100% popularized. The global Internet penetration rate is only about 60%. So we may think that everyone is using the Internet, but according to some recent statistics I have seen, only about 60% of people worldwide are using the Internet. Therefore, if the popularity rate of cryptocurrency is currently around 5%, which is the proportion of people with certain cognitive skills, maybe it is already higher now, between 5% and 10%, I can say that we have crossed the "abyss", and I think we are very close to this goal. Once we cross this stage, growth will be exponential. So I think we are still in the early stage, but not very early anymore."
F2Pool co-founder: Paxos missed the deadline to claim nearly 20 BTC due to time zone differences
F2Pool co-founder Wang Chun wrote about the "Paxos claiming nearly 20 BTC fees" incident, stating that the claim was actually made after the original deadline due to time zone differences. Wang Chun said: "I am very angry and regret agreeing to return those 20 BTC. Especially when I saw that the claimant kept saying it was EST instead of EDT/UTC time. The last time someone from Zcash did this, I banned his entire company." Wang Chun then launched a public opinion poll to collect the community's views on the matter. As of the time of writing, among 1,978 voters, 36.8% believe that the fees should be distributed to the miners, 27.2% believe they should be returned to Paxos, 21.3% voted to freeze this portion of BTC, and the rest support a 50/50 split between miners and Paxos.
The cryptocurrency trading platform CoinEx has released an update on the recent hacking incident, stating that the preliminary investigation has determined that the cause of the incident was the leakage of the hot wallet private key. The investigation and handling work is being carried out in an orderly manner, and the assets in CoinEx's cold wallet have not been affected by this incident. CoinEx stated that it is actively rebuilding the wallet system, including 211 chains and 737 tokens, and will gradually restore deposit and withdrawal services after ensuring asset security. BlockBeats previously reported that CoinEx stated that it will fully compensate all parties affected by the hacking incident.
Data
Data: friend.tech TVL exceeds 30 million US dollars
According to DeFiLlama data, friend.tech's TVL has surpassed $30 million and reached $32.14 million. BlockBeats previously reported that on September 8th, friend.tech's TVL exceeded $10 million. On September 10th, friend.tech's TVL exceeded $20 million.
According to Blur market data, the floor prices of blue-chip NFT series continue to decline, including: BAYC floor price of 22.79 ETH, a 7-day decrease of 16.15%; MAYC floor price of 4.92 ETH, a 7-day decrease of 6.57%; Azuki floor price of 3.75 ETH, a 7-day decrease of 10.08%; PudgyPenguins floor price of 3.96 ETH, a 7-day decrease of 2.47%; DeGods floor price of 3.34 ETH, a 7-day decrease of 18.91%.
Data: friend.tech protocol fees have exceeded 5000ETHAccording to Dune data, the protocol fee of friend.tech has exceeded 5000 ETH, reaching 5063.104 ETH (worth approximately 8.375 million US dollars), with a total of 4,597,737 transactions.
CoinEx hackers exchanged multiple tokens for BNB and transferred 29,552 BNB to a dormant address.
According to Scopescan, the cryptocurrency trading platform CoinEx's previously announced malicious attacker associated address starting with 0x6953 has exchanged all of its FLOKI, BRG, TLM, BUGER and other tokens for BNB, and transferred 29,552 BNB (approximately 6.2 million US dollars) to an address starting with 0xc844, which is currently in a dormant state.黄立成提议以 1100 万枚 APE 购买 Yuga 资产并发行代币 DAM，明日开启投票
Translation:Brother Maji Huang Licheng's AIP-304 initiated in the ApeCoin community will start voting at 9:00 tomorrow. The proposal proposes to use 11 million APE to purchase Yuga assets, including famous NFT collections such as BAYC, MAYC, BAKC, and Punks, for exhibition and donation to art institutions to enhance the global spread of digital art. If the proposal is passed, a new governance token DAM will be launched to select and manage NFT collections, with 30% of DAM distributed to ApeCoin stakers within 5 years and 70% used for the treasury, to be decided by token holders' votes.
3 new wallet addresses withdraw 108,372 TRB from Binance, worth approximately $3.49 million
According to on-chain analyst Yu Jin, 3 new wallet addresses withdrew 108,372 TRB (approximately $3.49 million) from Binance 2 hours ago. Yu Jin noted that several addresses that have withdrawn large amounts of TRB from Binance recently now hold 733,000 TRB (approximately $23.45 million), which accounts for 29% of the total TRB supply.Data: Coinbase L2 Network Base independent user address number exceeds 270,000
According to Dune data, the independent user address count of the Layer 2 blockchain Base, built on OP Stack by Coinbase, has reached 277,517, with bridged storage value of 175,883 ETH.Funding
According to techfundingnews, French fintech company Fipto has completed a €15 million seed round of financing, led by Serena Capital and Motier Ventures. This round of financing will help Fipto further develop its platform and provide integrated payment and financial solutions. The core of Fipto's platform is dedicated to using blockchain technology to improve international payments. Its comprehensive platform, as an integrated payment and financial solution, enables enterprises to seamlessly convert and transfer any currency, whether it is fiat currency or digital currency. One of the outstanding features of the Fipto platform is its ability to facilitate instant cross-border payments.
According to a report by Investment Times, Adrian Cheng, the Executive Vice Chairman and CEO of New World Development, has announced that his fund, C Capital, has successfully completed its third round of private equity fundraising. The total investment amount for its main fund and related joint investment tools exceeds $250 million, equivalent to approximately RMB 1.8 billion, making it the largest private equity fund raised by the company to date. As previously reported by BlockBeats, C Capital announced in September 2022 that it plans to raise $500 million over the next 18 months to invest in cryptocurrency assets, credit, and private equity, betting on private companies and digital assets.
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