Today: the 200 million dollar hack

Good Morning, Earndroppers!

The Earndrop team launched a newsletter this month: Alpha-Packed.

• The A-P is a free finance and cryptocurrency daily newsletter, in bullet point format.

Keep up with the industry for only 6 minutes per day. We hope you enjoy it!

☕️ On today's Top Picks:

⚡ Alpha

• Palm Network's testnet powered by Polygon's Chain Development Kit (CDK) goes live October 2nd.

• DefiLlama team releases LlamaFolio, a new portfolio tracker.

• Zapper team teases Chain Chat, an application for onchain group chats. Zapper previously raised $17 million.

• Orbiter Finance teases "Forthcoming" announcement.

🪂 Airdrops

• Privacy Pools airdrop strategy thread.

📰 Finance News

• Vitalik Buterin deposits 400 $ETH to Coinbase. In the past 10 days, Buterin has deposited a total of 2,421 $ETH, nearly worth $4 million; to multiple CEX's.

• Gary Gensler testifying in front of the House Financial Services Comittee this Wednesday.

• MicroStrategy acquires an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per Bitcoin.

• FTX files lawsuit against former employees of Salameda, an FTX affiliated company based in Hong Kong. FTX seeks to recover $157.3 million that it claims was fraudulently withdrawn in the hours before the exchange filed for bankruptcy.

• JPMorgan disappointed by Ethereum’s activity post-Shanghai upgrade. The analysts noted the declines in daily transactions, daily active addresses and total value locked as well as centralization concerns regarding liquid staking protocols like Lido.

📰 DeFi News

• 69,448,385 unclaimed $ARB remaining in the airdrop contract has been moved to the ArbitrumDAO treasury as planned.

• Arkham identifies Coinbase's ~1 million Bitcoin reserves worth ~$25 billion.

• BNB Chain resolves glitch with MetaMask which inflated opBNB's gas fees.

• Terra Classic community votes to end minting of Terra Classic USD ($USTC). Nearly 60% of the community voted in favor of the proposal which aims to, "protect the community and outside investors who are burning USTC," to achieve a re-peg.

• MetaMask integrates Squid bridge provider on MetaMask portfolio. Squid is powered by Axelar Network.

• Uniswap introduces swap protection on Uniswap Wallet. Swap protection provides protection against frontrunning & sandwich attacks and a better fee-on-transfer token experience.

🛡 Security and Exploits

• Balancer hack thread with real world test of security browser extensions.

• HTX, formerly Huobi; hacked for 5000 $ETH worth $8 million.

• Mixin Network hacked for ~$200 million. Attackers exploited the database of Mixin Network's cloud service provider. Deposit and withdrawal services are temporarily suspended.

• ZachXBT cautions of any projects partnering with market maker Gotbit Hedge Fund. Leaked report shows Gotbit offers questionable services.

• Upbit cryptocurrency exchange temporarily suspended Aptos deposits and withdrawals due to a scam token bug. Upbit was crediting legitimate Aptos tokens when users deposited a fraudulent Aptos token. Normal operations have since resumed.

• OpenSea third-party vendor compromised, alerts affected parties to rotate API keys.

Token Unlocks

• Pendle $PENDLE - 344.12K (~$212.92K) on SEP 26

• Yield Guild Games $YGG - 12.42M (~$2.56M) on SEP 27

• Euler $EUL - 188.74K (~$507.71K) on SEP 27

• Optimism $OP - 24.16M (~$30.20M) on SEP 29

• Acala $ACA - 27.43M (~$1.33M) on OCT 01

💰 Funding

• Cygnetise, an authorised signatory and delegation of authority management solution; raises £2.5M in Pre-series A funding round led by Adjuvo.

That's it for today's dose! See you soon.