NewsFlash Articles Data Fundraising BlockBeats Pro

Legal Daily News | Mixin suffers a loss of $140 million in encrypted assets due to attack; Curve founder transfers 23.26 million CRV to Silo to borrow crvUSD.

律动BlockBeats

Read this article in 33 Minutes

September 25th Cryptocurrency Industry Important News Overview, GN!

Selected News:

1. Shield: Mixin Network lost a total of $140 million worth of encrypted assets, including approximately $94.48 million in value;

2. ETH BNBChain: Has collaborated with Metamask to solve an issue causing abnormal opBNB network gas.

3. The founder of Curve transferred 23.26 million CRV tokens to Silo and borrowed crvUSD.

4. ETHGlobal New York Hackathon announces the list of 13 finalists;

5. CryptoQuant: Bitcoin may maintain a consolidation trend before the halving in 2024.

Project Updates

"EDGE Summit" Hong Kong Summit will officially start tomorrow

The EDGE, the world's largest AI&Web3 investment summit co-hosted by BlockBeats, will be held in Hong Kong from September 26th to 27th. The EDGE global AI&Web3 investment summit is a groundbreaking event that represents the fusion of cutting-edge technology and infinite possibilities. It has received strong support from the Hong Kong Investment Promotion Bureau, the Tourism Development Bureau, and Cyberport, aiming to promote pioneering cooperation and help the future development of the fashion industry with technology. In addition, after the first day of the summit, the LightCycle Metaverse Night will be held, inviting well-known figures from the global music, sports, and art industries to present a unique and wonderful metaverse fashion show. British pop singer Robbie Williams will bring an AR performance to this Metaverse Night; Meet48 will join forces with China's largest girl group, "Web3 Youth Idol" SNH48 Group, to dance to youthful melodies. At the same time, you can interact with the most dynamic investors, entrepreneurs, and artists, and there will be a collectible NFT lottery section.

Cyvers Alerts: Attacker who targeted Mixin received 51 ETH from an address starting with 0x179, which has had interactions with Binance and HTX

Cyvers Alerts posted on social media that, according to their investigation, Mixin hackers received 51 ETH from an address starting with 0x1795. This address has had interactions with Binance and HTX, and there is a possibility that Binance and HTX could help identify the hacker's identity.

BNBChain has partnered with Metamask to solve an issue causing abnormal opBNB network gas.

BNBChain announced on social media that it has partnered with Metamask to resolve an issue causing gas abnormalities on the opBNB network. Metamask has updated its algorithm to accurately reflect the true opBNB gas price. The official statement mentioned that Metamask has set a default gas minimum recommended price based on the average of all networks. This is meaningful for most L1 and L2 networks, but not suitable for opBNB. This is because the gas price on opBNB can be much lower than other L1 and L2 networks, especially when the network is not congested.

Gate Web3 Startup is launching the AIMEME project for free subscription.

According to the official announcement, Gate Web3 Startup opened the free subscription for AIMEME project at 16:00 on September 25th Beijing time. AIMEME is the first AIGC+MEME community token. By empowering MEME tokens with AIGC, the goal of AIMEME is to integrate more MEME tokens (DOGE, PEPE, SHIB, AIDGE, etc.) and create an AIGC+MEME token community. Gate Web3 Startup is a token issuance platform for Web3 innovative projects. Users can easily participate in Startup and receive a free airdrop of 50U worth of AIMEME tokens by connecting to the Gate Web3 wallet.

CryptoQuant: Bitcoin may maintain a sideways trend before the halving in 2024

The encrypted data analysis platform CryptoQuant stated in its weekly report that Bitcoin's recent price performance is very similar to past cycles, indicating that the asset "may remain in a consolidation phase until the 2024 halving event", but implying that "the price will rise significantly after the 2024 halving event". CryptoQuant analysts believe that Bitcoin's current valuation is undervalued and there is no widespread speculation by retail investors, providing data support for its future price growth potential.

OKX Global Chief Commercial Officer: OKX HK is expected to officially submit a Hong Kong regulatory license application at the end of October

OKX Global Chief Commercial Officer Lennix Lai stated on social media that OKX welcomes the efforts of the Hong Kong Securities and Futures Commission (SFC) in consumer protection and increasing transparency in the local virtual asset market, as well as its consistent cautious attitude towards virtual asset regulation and issuance in Hong Kong. In addition, Lennix Lai stated that since announcing its intention to apply in March, OKX HK has made steady progress in preparing its VASP license application under the current system. OKX HK is expected to formally submit its Hong Kong compliance license application by the end of October.

Binance liquidity mining will remove some liquidity pools such as ATOM/BUSD and AVAX/BUSD

According to the official announcement, in order to provide users with a high-quality trading experience, Binance Liquidity Mining conducts regular reviews of all liquidity pools on its platform to consolidate liquidity, reduce slippage, and provide users with better execution prices. Based on the latest review results, Binance Liquidity Mining will remove the following liquidity pools at 12:00 on September 29, 2023 Beijing time: ATOM/BUSD, AVAX/BUSD, ETC/BUSD, JOE/USDT, KSM/BTC, OOKI/USDT, STG/USDT, SUI/BTC. If users still hold positions in the above liquidity pools, the system will automatically return the assets to their spot wallet at 12:00 on September 29, 2023 (GMT+8).

Upbit will list GLMR.

According to an official announcement, the South Korean cryptocurrency exchange Upbit will list GLMR and support BTC trading pairs. Deposits will begin within three hours and will only be supported through the Moonbeam network (not through other networks such as BSC). Trading is expected to go live on September 25, 2023 at 18:00.

Aave community initiates ARFC proposal to deploy Aave V3 on GnosisChain

The Aave community has initiated an ARFC proposal to deploy Aave V3 to GnosisChain. Based on the positive feedback from TEMP CHECK, the assets considered for deployment this time include wETH, wstETH, GNO, USDC, wxDAI, and EURe. The friendly forked RMM market and RealT on GnosisChain have already demonstrated the potential synergies between the Aave codebase and GnosisChain. This ARFC proposal aims to further develop these synergies and provide mutually beneficial opportunities for both ecosystems.

ETHGlobal New York Hackathon announces 13 finalists

ETHGlobal has announced the 13 finalists of the New York hackathon on social media, covering areas such as gaming, social, account abstraction, and DeFi. These include: FRAMED!: A fully on-chain and trustless hidden information game built using fhEVM. F.A.S.T.: The fastest way to interact between two users using blockchain. Users take a photo of themselves to register, take a photo with others, and then seamlessly interact with their addresses. ZeroTrustBounty: Solving the challenges of traditional bug bounty platforms where enterprises must trust third parties to provide sensitive data, and white hats cannot guarantee payment for their services. Doom Arena: A distributed DApp used to manage and create competitions around the Doom game. AirTracker: A decentralized physical asset tracking using AirTags and blockchain for storage and messaging. SafeCreate2: Secure multi-chain smart contract deployment using single-chain security. ConsciousNFT: AI-driven tools for NFT projects to awaken conscious identity within NFTs. Space Guardians: A MetaMask Guardian management system built using Snaps for secure satellite access and recovery. A.S.R.: Provides smart contract ownership recovery, allowing users to recover ownership of smart contracts after losing their signing keys. MEVictim Rebate: By identifying MEV victims in historical on-chain data, better market incentives are designed, and tokens are airdropped to victims to access the token gate of Uniswap v4 pool on Scroll. RealReturn: RealReturn is an open and verified real investment return ranking list enabled by TLSNotary and Jomo. Abstract Wallet: Instant one-click entry for users through account abstraction and passports. One-click generation of credentials, smart accounts, and NFT minting. XSafe: Simplifies cross-chain use of Gnosis Safe multi-signature, signing once and automatically propagating signatures to all linked chains. Executes a single transaction across multiple networks.

Arbitrum airdrop claiming has ended, unclaimed tokens have been sent to the DAO treasury.

According to on-chain analyst Yu Jin's monitoring, the Arbitrum airdrop has ended at Ethereum block 18208000. Among them, 69,448,385 ARB tokens (worth $56.54 million) that were unclaimed have been transferred from the airdrop contract to the DAO treasury 10 minutes ago. BlockBeats previously reported that on September 22, Arbitrum officials announced on social media that all unclaimed ARB airdrop tokens would be sent to the DAO treasury at Ethereum network block height 18208000 (approximately 2 days and 10 hours later), and detailed information would be released soon.

Mixin Network

Mixin Network deposit and withdrawal services have been suspended, and all nodes agree to reopen the services after the vulnerability is fixed.

Mixin Kernel announced on social media that on September 23, 2023, the cloud service provider database of Mixin Network was hacked, resulting in the loss of some assets on the main network. The team has contacted Google and SlowMist team for assistance in the investigation. After preliminary verification, the involved funds were approximately 200 million US dollars. Mixin Network's recharge and withdrawal services have been suspended. After discussion and consensus among all nodes, once the vulnerability is confirmed and fixed, these services will be reopened. During this period, transfers are not affected. The Mixin team will announce the solution for handling the loss of assets later, and Mixin founder Feng Xiaodong will explain the incident in a public live broadcast at 1:00 pm Beijing time on September 25.

SlowMist: Mixin Network cloud service provider database was attacked, involving approximately 200 million US dollars

SlowMist MistTrack posted on social media that the database of Mixin Network cloud service provider was attacked, involving approximately $200 million. SlowMist is assisting with the investigation. The Mixin team will announce a solution for handling the damaged assets in the future. Founder Feng Xiaodong will publicly explain the incident via live broadcast at 1:00 pm on September 25, 2023 Hong Kong time.

派盾：Mixin Network suffered a loss of $140 million worth of encrypted assets, including approximately $94.48 million worth of ETHAccording to the pictures released by Pidun, Mixin Network has lost a total of $140 million worth of encrypted assets, including approximately $94.48 million worth of ETH, $23.55 million worth of DAI, and $23.30 million worth of BTC.

Mixin founder Feng Xiaodong: Officially compensating up to 50% of damaged assets, the rest will be compensated in the form of bond tokens

After the cloud service provider database of Mixin Network was attacked, Mixin founder Feng Xiaodong responded in a live broadcast that the damaged assets were mainly Bitcoin core assets, and assets such as BOX and XIN did not appear to be severely stolen. The specific attack situation cannot be disclosed yet. Regarding the stolen assets, the official stated that currently a maximum of 50% will be compensated, and the remaining part will be compensated in the form of bond tokens. In the future, the official will use profits for repurchase. In addition, Feng Xiaodong also stated that Mixin will launch a new system for user asset migration, but the assets that can be transferred are currently only half of the user's balance.

Funding

Blockchain cloud SaaS platform Cygnetise completes £2.5 million Pre-A round of financing, led by Adjuvo

According to techfundingnews, Cygnetise, a blockchain cloud SaaS platform, announced the completion of a £2.5 million Pre-A round of financing, led by UK investment group Adjuvo with participation from Massive and others. Cygnetise is headquartered in London and is using its digital blockchain technology to improve and optimize the Authorization Signature Management (ASM) process, helping enterprise operations and finance departments to share authorization signatory information with banks and other counterparties in a digital way, thereby improving efficiency, security, and operational excellence.

European crypto fund Eureka Partners completes $40 million financing, fully participated by Nordic Venture Innovations AB

According to ChainWire, European crypto fund Eureka Partners has completed a $40 million financing round, with full participation from Nordic Venture Innovations AB. Eureka Partners is a European-based crypto fund, and this round of financing will accelerate its development in the blockchain and cryptocurrency fields.

Regulation

The Hong Kong Securities and Futures Commission will release four lists of virtual assets and one list specifically targeting suspicious virtual asset trading platforms.

According to the website of Hong Kong Radio Television, the Securities and Futures Commission of Hong Kong will take multiple measures to strengthen information dissemination and investor education in response to the recent public attention on unregulated virtual trading platforms. The CEO, Ashley Alder, stated that the commission will publish four lists of virtual assets online, including licensed platform list, closed platform list, platforms treated as licensed but not licensed, and new applicant list. In addition, the commission will release a list specifically targeting suspicious virtual asset trading platforms to assist the public in raising awareness of unlicensed or suspiciously operated platforms in the local area. The commission's website will publish the relevant lists and consider providing more information on unregulated virtual asset platforms to enable the public to raise awareness early.

The 4 companies currently applying for Hong Kong licenses are: HKVAX, HKBitEx, Hong Kong BGE Limited, and Victory Securities.

According to the South China Morning Post, since the new virtual asset regulations in Hong Kong came into effect on June 1st, four companies have applied for licenses in addition to the two licensed cryptocurrency trading platforms (OSL Digital Securities Limited and Hash Blockchain Limited). The regulatory agency stated that these four companies are HKVAX, HKBitEx, Hong Kong BGE Limited, and Victory Securities.

Analysis: SBF faces only 2 substantive charges and is expected to serve a sentence of around 10 to 20 years

According to analysis released by Coindesk, in the trial of FTX founder Sam Bankman-Fried (SBF), SBF faces seven charges, of which only two are "substantive" charges, namely "wire fraud against FTX customers" and "wire fraud against Alameda Research lending institutions", which means that the US Department of Justice accuses SBF of actively committing these crimes. The remaining five charges are "conspiracy" charges, which means that the US Department of Justice accuses him of planning to commit crimes with at least one other person. Unlike "substantive" charges, "conspiracy" charges do not require proof that the crime actually occurred. For "conspiracy" charges, the US Department of Justice must eliminate reasonable doubt and prove that at least two people "agreed to commit fraud" and took public action to do so. Jordan Estes, a partner at Kramer Levin, said that the Department of Justice may try to simplify the case as much as possible so that the jury focuses on the lies and fraud that SBF participated in, but SBF's defense team can prove that he did not intend to commit fraud and he may be acquitted. SBF originally faced eight charges (one of which was later withdrawn) and could be sentenced to a total of 115 years in prison. Although some media outlets have claimed that SBF may spend more than 100 or 150 years in prison, in reality, if he is convicted, he is unlikely to spend that long in prison. First of all, even if there are multiple convictions, these sentences are more likely to be served concurrently rather than consecutively. Several lawyers said that considering the severity of the crime and the expected losses, if SBF is convicted, he may spend about 10 to 20 years in prison.

Data

CoinShares: Last week, net outflows of digital asset investment products were $9.1 million, marking the sixth consecutive week of net outflows.

According to the CoinShares report, the total net outflow of funds for digital asset investment products last week was $9.1 million, marking the sixth consecutive week of net outflows. Bitcoin investment products saw a net outflow of $5.9 million this week, while Ethereum investment products saw a net outflow of $2.2 million. Investment products shorting Bitcoin saw a net outflow of $2.8 million. In addition, there was a net inflow of $16 million in the European region and a net outflow of $14.1 million in the United States last week.

A certain LINK whale address transferred 11.27 million LINK to Kraken 50 minutes ago.

According to Scopescan data monitoring, a whale address starting with 0xaF967 transferred 112,700 LINK to Kraken 50 minutes ago. It is worth noting that this whale address has held LINK for 3-5 years and currently still holds about 500,000 LINK.

A certain newly created address withdrew 5.02 million ARB from CEX.

According to Scopescan data monitoring, a newly created address withdrew 5.02 million ARB (approximately $4.07 million) from OKX and Binance in the past 30 minutes.

Scopescan: Upbit transferred 10,802,000 IMX to Binance and OKX after the price increase on IMX

According to Scopescan's monitoring, after a significant increase in IMX on September 21st, Upbit transferred 10.802 million IMX to Binance and OKX, worth about $4.8 million. After the transfer, the price of IMX dropped by about 24%.

GLMR short-term breakthrough fell back after reaching 0.26 US dollars, with a 24-hour increase of over 47%According to OKX market information, GLMR briefly broke through 0.26 USD and has now fallen back to a price of 0.2466 USD, with a 24-hour increase of 47.66%.

Shield: 100 million ENJ tokens starting with 0x560 have been burned, worth approximately $22.8 million

According to the monitoring data of Pudun, an address starting with 0x560 has destroyed 100 million ENJ tokens, worth approximately 22.8 million US dollars.

朝鲜黑客集团 Lazarus Group 持有价值约 4700 万美元加密货币

Translation:

North Korean hacker group Lazarus Group holds approximately $47 million worth of cryptocurrency

According to a report by Cointelegraph, data from 21.co, the parent company of 21Shares on Dune Analytics, shows that wallets associated with the North Korean hacker group Lazarus Group currently hold approximately $47 million worth of digital assets, including $42.5 million worth of Bitcoin, $1.9 million worth of Ethereum, $1.1 million worth of BNB, and $640,000 worth of stablecoins.

A certain whale has transferred a total of 4 million FRONT tokens to Binance, worth approximately $1.4 million.

According to The Data Nerd's data monitoring, FRONT has tripled in price in the past month, and a whale address starting with 0x861 has accumulated 4 million FRONT (1.4 million USD) transferred to Binance. The whale's average buy-in price was $0.19. If sold now, the whale would make a profit of $600,000, and the whale address still has 3 million FRONT (1.27 million USD) remaining.

Crypto KOL Vombatus purchased 33 of his own Keys for 215.3 ETH, currently ranking first on the leaderboard.

friend.tech "Keys" price ranking latest data shows: Encryption KOL Vombatus purchased 33 of its own Keys for 215.3 ETH, ranking first on the leaderboard; Encryption KOL Vombatus ranked first with 7.225 ETH; Platform founder Racer ranked second with 7.183 ETH; Encryption KOL Levi ranked third with 4.900 ETH; Encryption KOL Hsaka ranked fourth with 4.900 ETH; Encryption KOL Herro ranked fifth with 4.323 ETH.

Curve founder transferred 23.26 million CRV to Silo and borrowed crvUSD

According to Lookonchain, Curve founder Michael Egorov transferred 23.26 million CRV tokens (worth approximately $12.3 million) to Silo and borrowed 3.75 million crvUSD in the past hour. This action caused the CRV TVL on Silo Llama to reach a historical high of $60 million. Egorov then exchanged this portion of crvUSD for USDT and repaid the debt on Aave.