Crypto Weekly Highlights

Crypto Weekly Highlights

By Making Cents | Making Cents | 21 Aug 2022


1. $32 Million stolen from BlueBenx

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📰 BlueBenx, a Brazilian crypto lender, has fired employees after a $32 million theft. 22,000 accounts were blocked in an attempt to limit the magnitude of the theft.
📰 It is still not known how the funds were stolen.
https://cointelegraph.com/news/bluebenx-fires-employees-halts-funds-withdrawal-citing-32m-hack


2. MakerDAO founder wants to depeg DAI

  f14bbc99207e55e7480560c15582a59545da531175be1a5335da9bad42c5f9be.jpg  
📰 Rune Christensen proposes to peg DAI to ETH.
📰 The comment comes after the US Treasury sanctioned Tornado Cash.
https://cryptonews.com/news/makerdao-founder-suggests-seriously-considering-depegging-dai-from-usd.htm  


3. AUSD Depegged after hacker prints 1.2B AUSD

74fb5cf9179c83590829fda9d17ccbebe70e5acad3900a5ae74e40c3dc277e94.jpg   
📰 A hacker has printed 1.2B AUSD on the Acala Network leading to the depegging of AUSD. The Acala team noticed a configuration issue with the Honzon protocol which the hacker exploited.
📰 Acala has since rectified the issue. The wallets that received the minted tokens have also been identified.
https ://crypto.news/hacker-prints-1-2b-ausd-on-acala-network-ausd-depegs-after-the-exploit/  


4. Do Kwon opens up on Terra's collapse

5dd7b6267b002fff57fb51c19f8ebef354f2839f10d4ab512ff45b2a33ec6ba2.jpg   
📰 For the first time since the LUNA/UST crash, Do Kwon opens up about what happened and his experience.
📰 In a must watch interview, Do Kwon apologizes to all his followers and hopes he can regain trust with LUNA2.0. 
https://blockworks.co/do-kwon-breaks-silence-terra-luna-was-essentially-my-life/  


5. Coinbase to shutdown Etherium staking

8de6ee5f0a0c2604df67308b3d362ff2b6d4615d474850f281ba3d07b692040c.jpg   
📰 Coinbase CEO says they would shut down Etherium staking if they get threatened by regulators.
📰 This could have significant impacts for Coinbase considering Etheriums post-merge to proof-of-stake mechanism.
https://decrypt.co/107700/coinbase-ceo-wed-shut-down-ethereum-staking-if-threatened-by-regulators  


6. South Korea to block unregistered exchanges

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📰 South Korea to block KuCoin, Poloniex and other exchanges for operating in South Korea without registration.
📰 16 unregistered providers have been identified. 
https://decrypt.co/107711/south-korea-to-block-kucoin-poloniex-in-crackdown-on-unregistered-crypto-exchanges


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