Market
Bankruptcy
FTX lawsuit alleges Bybit used “VIP” privileges to withdraw $953M before collapse
The lawsuit claims Bybit and its affiliates used VIP connections to prioritize their withdrawals, and are holding FTX's $125 million hostage.
AI
Elon Musk unveils AI chatbot that will “answer spicy questions” that other chatbots refuse
While Grok's relative laxity seemingly goes against Musk's proclaimed AI fears, xAI said it will work to build safeguards and prevent misuse.
NFTs
Yuga Labs and Magic Eden to launch new royalty-focused Ethereum NFT marketplace by 2023 end
The new marketplace will be "contractually obligated" to pay royalties to NFT creators for secondary sales.
Privacy
Runtime Verification launches universal ZK rollup PI Squared on MultiversX
PI Squared claims to be programming language and virtual machine agnostic, making it accessible to developers, businesses, and users.
Regulation
Hong Kong to crack down on crypto money launderers in the aftermath of $193M JPEX scandal
To plug regulatory gaps exposed by the JPEX scandal, Hong Kong's customs department is enhancing cross-border anti-money laundering efforts.
Adoption
‘We don’t want to be asking in 30 years, ‘Who lost crypto?”: Coinbase chief legal officer
Paul Grewal believes that if the U.S. keeps dithering on crypto regulation, the industry will meet the same fate as semiconductors.
Crime
Avalanche project Stars Arena suffers $2.9M exploit, leaving smart contract with just $0.051
Stars Arena has advised users to refrain from depositing funds on the platform, which is still under DDOS attack.
NFTs
OpenSea’s third-party security breach leaves API users vulnerable
OpenSea has asked affected users to stop using their current API keys, which are set to expire by October 2, and replace them by new ones.
Exchanges
NFL star Trevor Lawrence and 2 YouTube influencers settled the FTX endorsement class-action: Report
While the terms of the settlements remain undisclosed, they mark the first resolutions amid the many suits against FTX endorsers.
Exchanges
Hong Kong police received over 80 complaints against JPEX crypto exchange
Users have complained about being unable to withdraw their assets from JPEX or having to pay exorbitant withdrawal fee of up to 999 USDT.
Crime
Billionaire investor Mark Cuban loses $870K in crypto in MetaMask wallet hack
Although Cuban managed to transfer $2 million worth of assets to Coinbase Custody, the hackers made off with ETH, USDC, MATIC, and more.
Hacks
$700K in crypto and NFTs lost in phishing attack through Vitalik Buterin’s hacked X account
According to ZachXBT, Vitalik Buterin is a "big enough target" that an X employee could have been paid off to perpetrate the hack.