Market
Hacks
Conic Finance loses $3.2M to reentrancy attack on ETH Omnipool
BlockSec stated that the Conic Finance hacker was labeled as the Lady Pepe Exploiter by MetaDock.
Exchanges
Indonesia launches national cryptocurrency exchange amid 69% drop in transaction volume
Cryptocurrency transaction volume in Indonesia declined 69% during the first half of the year.
Hacks
Binance CEO warns of phishing scams after Uniswap founder’s Twitter breach
Uniswap founder Hayden Adams has regained access to his hacked Twitter account.
Bankruptcy
DOJ accuses SBF of leaking Caroline Ellison’s private diary to taint trial; FTX sues former executives for $1B
FTX alleged that Sam Bankman-Fried is supporting his defense through a $10 million gift he gave his father in January 2022.
NFTs
NFT of Jack Dorsey’s first tweet, originally purchased for $2.9M, is worth less than $4 in today’s market
Crypto entrepreneur Sina Estavi's effort to sell the NFT since 2022 has been futile as the once-booming market fizzles.
Regulation
UK Economic Secretary rejects regulating crypto as gambling, advocates for financial services framework
The finance ministry argued that the Committee's recommendation was alien to international standard and approaches to crypto.
Bankruptcy
Terraform Labs requests to subpoena docs from bankrupt FTX in SEC case defense
Terraform Labs CEO Chris Amani alleged that short sellers used FTX-related accounts to submit massive sell orders at the beginning of the attack on UST.
Regulation
Kuwait imposes ‘absolute ban’ on virtual assets to combat money laundering risks
The regulator warned that defualters would face strict penalties.
Bankruptcy
Bankrupt FTX sues Sam Bankman-Fried for $71M to recover ‘political capital’ payments
FTX stated that its former CEO, SBF, pursued the transactions for his benefit.
Featured
Dormant Ethereum whale stirs, sending $116M worth of ETH to Kraken
Blockchain analyst Lookonchain reported that the whale received all of its assets from Ethereum Genesis's block.
CBDCs
Russia could begin digital rubles testing as early as next month
The Western superpowers sanction on Russia has hastened its efforts for financial independce.
Regulation
ASIC cancels FTX Australia’s license amid escalating crypto regulation
Australian regulators have lately increased efforts to regulate the cryptocurrency industry.