🍣 Chef, I’d Like to Return my Plate
In today's edition: 👨🍳 SushiSwap's $3 million exploit, 🗳️ Arbitrum's new proposal, 📄 a new FTX report, 🙅♀️ Binance.US's troubles, and more!
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On the Pod…
Rep. Emmer on Why He Believes Gary Gensler Is a ‘Bad-Faith Regulator’
What’s Poppin’?
by Samyuktha Sriram
SushiSwap Approve-Related Bug Triggers $3 Million Exploit
SushiSwap’s Jared Grey urged users to revoke all permissions for contracts after 0xSifu’s wallet was exploited on Sunday.
Arbitrum DAO Votes to Return 700 Million Tokens to Treasury
The community appears divided on a proposal that calls for the Arbitrum Foundation to return the “unjustly allocated” tokens to the DAO Treasury.
FTX Made Little Use of Cold Storage Wallets, Say Debtors
FTX’s liquidators have found that the exchange stored virtually all its crypto assets in hot wallets.
Binance.US Runs Into Trouble Finding Banking Partners Amid CFTC Lawsuit: Report
Some U.S. dollar deposit services on Binance.US remain unavailable as the exchange transitions to new banking and payment providers.
Daily Bits…✍️✍️✍️
OpenSea shares are being offered at discounted prices on secondary markets through the use of Special Purpose Vehicles (SPVs) despite restrictions on stock sales by staff and investors without approval from the board.
Mt. Gox creditors can now receive repayments since the deadline for them to provide their repayment information has passed, but it will take some time for repayments to be made, according to a letter from the Mt. Gox Trustee.
US, Japan, and South Korea's special envoys expressed concerns about North Korea's nuclear program and its cyber activities, including theft and laundering of funds through cryptocurrencies.
Bitcoin miner Sphere 3D is suing its business partner Gryphon Digital Mining for allegedly sending $500,000 worth of its bitcoin to a scammer who posed as Sphere 3D's CFO.
Bitcoin's mining difficulty and hash rate have both reached all-time highs.
Paxos's application for a national banking charter expired at the end of March, but the stablecoin issuer may reapply, according to a spokesperson.
zkSync found a solution to release the 921 ETH ($1.7 million) locked in Gemholic’s smart contract on the Ethereum Layer 2 network, which was previously frozen due to an issue with the use of a problematic .transfer() function.
The Bank of England is reportedly seeking to form a 30-person team to work on a central bank digital currency (CBDC), with roles such as Digital Pound Security Architect and Digital Pound Solutions Architect available.
The $$$ Corner…
BitGet, a Seychelles-based crypto exchange, launched a $100 million fund aimed at supporting Web3 startups, as Asian countries look to expand their Web3 development frameworks.
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📈 Your Market Update 📉
BTC is up 1.4%, trading at $28,324
ETH is up 1.1%, trading at $1,858
BTC dominance: 44.5%
Crypto market cap: $1.23 trillion
*All data as of today, 7 am ET
Recommended Reads
Sam Andrew on the state of the Ethereum network in Q1 2023
Frederick Munawa and Helene Braun on Paxful’s dramatic unraveling
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