Balancer Issues Warning: $2.8M Still at Risk Despite Vulnerability Alert
Decentralized financial protocol and automated market maker for Ethereum In light of the August 22 vulnerability finding, Balancer issued a warning of $2.8 million.
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FTX Requests Galaxy Digital to Oversee Recovered Crypto Holdings
The remaining cryptocurrency holdings of the defunct cryptocurrency exchange FTX are expected to be managed by Mike Novogratz's Galaxy Digital.
Cypher Unveils Recovery Strategy: Initial Stage to ‘Socialize’ Losses
Crypto trading platform Cypher has released a strategy to recover from its $1 million exploit, indicating that it will "socialize" losses across the community.
Australia Explores CBDC for Payments and Tokenization; Implementation Could Take Some Years
Australia's central bank has finished testing a central bank digital currency (CBDC) and found it helpful in four key areas, including facilitating complex payments and asset tokenization.
Ex-OpenSea Executive Sentenced to 3 Months in Prison and $50K Fine for Insider Trading
The former OpenSea product manager was given a three-month prison term for money laundering and wire fraud connected to insider trading.
Terra Money Website Frozen to Thwart Phishing Scams
To shield consumers from continuous phishing schemes on the network, Layer-1 blockchain Terra has momentarily shut down its website.
Sam Bankman-Fried Trial: Prosecutors Submit Proposed Jury Instructions
Prior to Sam Bankman-Fried going on trial in October, US prosecutors presented their suggested jury instructions.
Bitget Implements KYC Requirements to Align with Global Regulatory Trends
In order to comply with international regulatory standards, Bitget is revising its Know Your Customer (KYC) requirements for consumers.
Yuga Labs Pulls Away from OpenSea Amid Royalty Fee Policy
Yuga Labs plans to discontinue support for OpenSea once Operator Filter, the platform's on-chain tool for enforcing royalties, is removed.
CoinCodeCap WeekInFocus: August 20, 2023
WeekInFocus is your ally in plugging in the gaps in the news you might have missed during the course of the previous week. Beyond that, it serves as a catalyst for your professional and personal development by introducing you to new ideas and exciting job opportunities. Join us in accepting both what is occurring and what is conceivable.