Blockchain Intel Tuesday #6
January 4, 2022 - The NFT space continues to heat up with more celebrities joined the bandwagon.
Several regional US banks are signing up for multibank blockchains.
Binance is not authorized to operate in Canada.
Emimem bought a Bored Ape Yacht Club NFT for $450k.
Bitcoin network hashrate reaches a new high on January 2, 2022.
Paris Hilton now owns parishilton.eth.
Cardano leads the blockchain platforms with the most developer activity in 2021.
Israel seized over $800K of cryptocurrencies belonging to several members of Hamas.
Hacks and Scams
Polygon patched critical vulnerability that would have placed $24B of assets at risk using the silent patch method from Ethereum. However, a hacker was able to exploit the platform before it was able to fully patch for $1.8M in MATIC tokens. Polygon paid the white hat hacker Leon Spacewalker $2.2M in stablecoins for his help identified the vulnerability.
A collector lost $1.9M of highly prized NFTs in a phishing attack.
Two brothers arrested in Hong Kong for their alleged roles in the the laundering of $50M through various funnel bank and cryptocurrency accounts.
Algorand-based Tinyman protocol was hacked for $3M on New Year Day. It seems from early post-mortem that the vulnerability was known has not been patched!