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- ZKasino Rugs $33M
ZKasino Rugs $33M
🚨 ZKasino ETH Controversy
Major Funds Transfer: ZKasino users were alarmed as $33M of their bridged ether was unexpectedly sent to Lido, sparking fears of a rug pull.
User Reactions: Community members are demanding refunds, fearing loss of funds, as they weren't informed prior to the transaction.
Call for Transparency: The unexpected transfer has prompted calls for greater transparency and regulation in the DeFi sector to prevent similar incidents. Read More.
️ On today's Top Picks:
- 👋 SEC lawyers resign in crypto fraud trial.
- 🪂 Safe $SAFE TGE & airdrop tomorrow.
- 💱 Russia & China ditch US Dollar.
- 🐶 Shiba Inu raises $12M for Layer 3 blockchain.
Read time: ⏰ 5 minutes
Crypto News
• ⭐️ SEC lawyers resign after judge blasts SEC for abuse of power in crypto fraud trial.
• Mt. Gox creditors report payment updates on claims system.
• Kraken acquires cryptocurrency arm of TradeStation amid US expansion.
• FTX Investors agree to settle case against SBF in exchange for cooperation against celebrities.
• Hong Kong Police arrest 72 people in connection with JPEX rugpull.
• Thailand to block access to unauthorized crypto platforms citing solving the problem of online crime.
• Celo choose Optimism's OP Stack for transition to Ethereum Layer 2.
Alpha
• BOB (Build on Bitcoin) Mainnet to launch on May 1st.
• Zircuit posts, "mainnet loading ██████▒▒▒▒ 60%," on X.
• Reya Network liquidity generation event (LGE) is live.
• Bebop adds support for Optimism.
• Wildcard releases First Anniversary NFT to Genesis Wildpass holders.
Airdrops
• ⭐️ Safe $SAFE token generation event (TGE) & airdrop is tommorrow.
• Blast Gold Distribution 2 (10M) will be sent to dapps this week.
• Friend Tech teases "something new" coming soon on April 29th.
• ICYMI Evo Exchange Airdrop Strategy by Earndrop.
Finance News
• ⭐️ Russia & China near-completely ditch US Dollar in bilateral trade.
• Donald Trump to receive ~$1.25B of Trump Media $DJT shares due to earnout bonus.
Security and Exploits
• ⭐️ ZKasino rugs and sends $33M of user funds to Lido.
• Microsoft warns North Korean hackers are using AI for cyber operations.
• Kaspersky uncovers threat group, ToddyCat; targeting government and military entities.
• Researchers uncover Windows flaw that grants threat actors rootkit-like capabilities.
• RedLine Stealer malware new variant disguises itself as video game cheats.
Token Unlocks
• Cartesi / 21.43M $CTSI / ~$4.6M / APR 23
• Acala / 4.66M $ACA / ~$550K / APR 25
• Euler / 72.15K $EUL / ~$335K / APR 25
• Yield Guild Games / 16.69M $YGG / ~$16M / APR 27
• SingularityNET / 8.9M $AGIX / ~$7.5M / APR 28
• Optimism / 24.16M $OP / ~$59M / APR 29
Funding
• ⭐️ Shiba Inu, a memecoin & future Layer 3 blockchain; raises $12M in funding.
• Othentic, an infrastructure for shared security networks; raises $4M in Seed funding co-led by Finality Capital Partners & Breyer Capital.
• Only1, an only-redacted clone on Solana; raises $1.3M in Strategic funding.
The Degen Farmer
Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!
PROTOCOL | ASSETS | APY |
---|---|---|
Merkle Trade (Aptos) | ZUSDC | 127.94% |
Aerodrome (Base) | USDCSTAR | 59.75% |
Morpho Blue (Ethereum) | USDEDAI | 57.13% |
Avantis (Base) | USDC | 56.00% |
Extra Finance (Base) | WUSDRUSDBC | 51.82% |
Velodrome V2 (Optimism) | USDCDOLA | 50.79% |
PancakeSwap AMM V3 (Arbitrum) | USDT+USD+ | 48.33% |
Turbos (Sui) | USDTUSDC | 47.89% |
+$600,000,000 in airdrops was lost |
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That’s it for today’s edition! See you soon.
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