It can be Spooky in Crypto World
Some scary stuff if happening in crypto world this October! Kucoin has been hacked, Bitmex is being taken to court, and hackers turn to Dex's to launder their ill gotten gains! Read all about the Kucoin hack and Bitmex's legal problems today at Okex News! Kucoin Hacked!
Overview
- 150 Million USD worth of crypto stolen from Kucoins Hot Wallets... mostly in Ethereum based tokens.
- In response some projects used their smart contracts to freeze the hackers funds or even reverse them... making us wonder how decentralized these projects really are. Spooky!
- The US Justice department is charging Bitmex with violating The Bank Secrecy Act and is charging them with violating financial laws. Bitmex is now also implementing mandatory KYC.
- The IRS has rewarded chain analysis for cracking Monero's privacy network. Terrifying!
- Salt tokens are now being regarded as securities.
More Nail-biting News
Read all about what is going on with Defi and how it impacts the Kucoin hack. Read Defi news of the week! to see all the wild and wooley things going on.
- Uniswap remains the dominant DEX and the Defi movement is still growing.
- DEX's have 22.57 Billion in trade volume for the month of September! Shocking!
- Centralized exchanges were difficult to launder for the Kucoin hackers!
- Hackers sell stolen funds for Ether on DEX's
- What will regulators do to control the DEX's... only time will tell. How dreadful
Comment below to share your thoughts on the spooky news! We want to hear your thoughts and opinions.
