Market
Hacks
Nomad bridge drained of $190M after hundreds of addresses copy hacker’s code
Nomad was drained of almost 100% of its liquidity — $190.7 million — after hundreds of addresses copied the exploit a hacker used to steal 100 WBTCs worth $2.3 million.
Bankruptcy
New York urges crypto market crash victims to speak out
Attorney General James urged workers in the crypto industry who might have witnessed fraud or misconduct to file a whistleblower report with her office.
Scams
North Koreans reportedly targeting crypto jobs for insider access
Beyond plagiarizing resumes, researchers also discovered that some suspected North Koreans doctored qualifications when applying for jobs.
Crime
US SEC charges 11 for role in $300M Forsage crypto pyramid scheme
Forsage had received two “cease and desist” notices from regulators but continued to operate regardless.
Analysis
Crypto investments products see inflows of $474M in July
The turnaround comes after the broader crypto market regained the $1 trillion mark and flagship digital assets slightly recovered from the bear market.
Regulation
South Korea-based Busan Bank’s employee steals 1.4B won in customer funds to buy crypto
A foreign employee of South Korea-based Busan Bank stole customers funds and invested it into Bitcoin, according to local media reports.
Bankruptcy
Metropolitan Bank requests court permission to honor withdrawals for Voyager Digital customers
Metropolitan Commercial Bank witnessed a large influx of ACH return or chargeback requests in the early days of the case, and it immediately debited the applicable account following the rules.
Analysis
Ethereum Classic up over 150% in July as ETH 2.0 draws closer
Interest in the Ethereum Classic increased after Ethereum (ETH) developers revealed the date for The Merge.
Partnerships
Report: Helium caught in a web of falsehoods about its partnerships
Crypto community members say the developers have to be brought to book as the purported partnerships were used to draw in unsuspecting investors.
Research
Research: Shrimps vs. Whales — Small holders accumulate Bitcoin as whales dump
Smaller holders are not only participating in but are also contributing to the rapid growth of the Bitcoin network, but whales still hold 4x more BTC.
Lending
Celsius reveals customer data breach by vendor’s employee
Celsius has downplayed the extent of the breach, saying its systems and security was not impacted.
Gaming
Axie Infinity CEO moved funds to Binance before disclosing Ronin bridge hack
Axie Infinity CEO Trung Nguyen confirmed that he moved funds to Binance to prevent short sellers from taking advantage of the hack.