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- Ledger's Software Kit Hacked: $520K Lost
Ledger's Software Kit Hacked: $520K Lost
🚨 Ledger Security Breach: $520K Stolen
Massive Hack and Financial Loss: Hackers stole ~$520K from DeFi users by inserting malicious code in multiple crypto websites. The breach affected major DeFi protocols and raised security concerns.
Employee Phishing and Past Issues: A phishing attack on a Ledger employee led to the breach. Past security problems include a 2020 data leak and controversial updates.
Urgent Call for Security Measures: The incident underlines the vulnerability of DeFi apps and the crucial need for enhanced security measures. Read More.
️ On today's Top Picks:
- 🛑 Arbitrum halts as sequencer goes offline.
- ☠️ SafeMoon files for bankruptcy.
- ⛔ SEC denies Coinbase petition for transparent rules.
- 📈 JP Morgan predicts Ethereum will outperform Bitcoin.
Read time: ⏰ 5 minutes
Crypto News
• ⭐️ JP Morgan predicts Ethereum will outperform Bitcoin in 2024.
• ⭐️ Arbitrum comes to a halt as sequencer goes offline.
• LayerZero unveils LayerZero V2 upgrade with Mainnet planned for Jan 2024.
• ⭐️ SafeMoon files for bankruptcy causing price to dump ~35%.
• Crypto(.)com & Cronos introduce Cronos ZkEVM Chain built on zkSync ZK Stack.
• Manta Network launches New Paradigm, an L2 with native yield.
• Iris Energy purchases 8380 Bitmain T21 mining machines for $22.3M.
• CoinList agrees to pay $1.2M settlement with OFAC following allegations of sanction violations.
• Ankex cryptocurrency exchanges by Qredo closes amid bear market conditions.
Alpha
• Scroll Origins NFT is live for users who deployed a contract on Scroll Mainnet.
• Linea DeFi Voyage waves 9 & 10 are live on Intract.
• DeBank launches new AskPro Respondent Web3 Badge.
Airdrops
• Namada airdrop for Gitcoin donors by Olimpio.
• Opal airdrop rumor by Eardrop.
• Cosmos airdrop snooping by Crypto Snooper.
• Jupiter $JUP airdrop by Airdrop Official.
Finance News
• ⭐️ SEC denies Coinbase $COIN petition for transparent rules on cryptocurrency.
• Ark Invest sells additional $43M in Coinbase $COIN shares.
• Federal Reserve leaves interest rates unchanged at 5.25%-5.50%.
• Nasdaq hit by system error causing canceled stock orders.
• Costco sells $100M+ in gold bars last quarter.
Security and Exploits
• ZachXBT exposes Peapods Finance exploiter as axxe(.)eth.
Token Unlocks
• Flow / 2.6M $FLOW / ~$2.03M / 15 DEC
• ApeCoin / 15.6M $APE / ~$26.83M / 16 DEC
Funding
• Farcana, a multiplayer shooter; raises $10M in Seed funding.
• Lolli, a Bitcoin rewards platform; raises $8M in Series B funding led BITKRAFT Ventures.
• Metagood, the company behind OnChainMonkey NFTs, raises $5M in Seed funding.
• NFTPerp, a perpetual futures DEX for NFTs; raises $3M in Series A funding led by 1kx.
• bitSmiley, a Bitcoin stablecoin platform; raises an undisclosed amount co-led by OKX Ventures.
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| PROTOCOL | ASSETS | APY |
|---|---|---|
 Curve DEX (Ethereum) | IDAIIUSDCIUSDT | 40.27% |
 Beefy (Arbitrum) | MIMARBUSDCEUSDT | 38.24% |
 Abracadabra (Arbitrum) | MIMUSDCUSDT | 36.52% |
 Orca (Solana) | USDCUSDT | 34.89% |
 Liqwid (Cardano) | DJED | 32.54% |
 Merkl (Arbitrum) | STEURUSDC | 30.28% |
 Aura (Ethereum) | DOLAUSDC | 29.63% |
 NAVI Protocol (Sui) | USDC | 27.07% |
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That’s it for today’s edition! See you soon.
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