Magic Eden sold 25 fake NFT due to exploit
The business said in a statement on January 4 that a flaw in the "activity indexer," which had just been made available for its Snappy Marketplace and Pro Trade tools, effectively allowed fraudulent NFTs to avoid verification and be displayed among real NFT collections. It claimed to have implemented "verification layers" at the time in an effort to fix the problem. The incident had an impact on well-known collections like ABC and y00ts. HGE, the designer of ABC, called it "a major vulnerability" affecting expensive NFTs.At the presstime, Magic Eden has promised to reimburse all users who were tricked into buying fraudulent NFTs on their website as a result of an exploit.
Sam Bankman-Fried wants to maintain control of $450 million in Robinhood stock.
Sam Bankman-Fried, a co-founder of FTX, has filed a lawsuit in an effort to prevent creditors from seizing possession of his $450 million Robinhood investment. In a court document filed on Thursday, attorneys for the disgraced exchange chairman said the shares don't belong to any of the FTX-connected companies currently facing bankruptcy and that Bankman-Fried needed the cash to pay for his legal costs. Gary Wang, một người đồng sáng lập khác của FTX và Bankman-Fried đã mua 56,2 triệu cổ phiếu của họ trong Robinhood thông qua một công ty có mục đích đặc biệt có tên là Emergent Fidelity Technology. Theo đơn khởi kiện, hai người đàn ông đã vay tiền thông qua kỳ phiếu để mua cổ phần từ Alameda. The argument could be moot, the documents acknowledge, as the US Department of Justice informed the court on Wednesday that it was taking the shares as part of its lawsuit against Bankman-Fried.
Justin Sun reveals 20% staff reductions at Huobi amid rumors of collapse.
According to Reuters, Justin Sun, the founder of Tron (TRX), intends to let go of 20% of Huobi's workforce. Employees are forced to open a Huobi account in order to receive their pay, which will all be paid in tether, according to an internal email obtained by The Block. After employee complaints, sources claimed to BitRun on Twitter that "all communication and feedback channels with employees" had been shut down. The price performance of Huobi's native token has also been impacted by recent rumors concerning the company. As of the time of publication, HT's price had fallen by almost 6% in the previous day, to $4.509, according to data from CryptoSlate. The exchange trade volume decreased by 20% during this time, according to Nomics data.
The energy that Texas miners brought back could power 1.5 million homes.
Texas experienced a winter storm in December 2022, and bitcoin miners helped restore up to 1,500 megawatts of power to the struggling local infrastructure. According to estimations by the Bitcoin advocacy group, this quantity of energy would be sufficient to heat "nearly 1.5 million tiny houses or maintain 300 large hospitals completely running." On December 24–25, 2022, the hashrate of Bitcoin mining across the globe decreased by 30%. Texas, along with New York (19.9%), Kentucky (18.7%), and Georgia (17.3%) are among the top states in the United States for Bitcoin mining, each accounting for 14% of the total hashrate.
Flare airdrop gaining greater traction with exchanges
The Flare Token Distribution Event (TDE) will now occur on January 9, according to a recent release. The biggest cryptocurrency exchange in the United States, Coinbase, also introduced FLR support last month. There are also other significant cryptocurrency trading platforms including Bitstamp, Bitrue, Okcoin, Bitfinex, and Kraken on board. The XRP coins will be distributed to users who owned them at the time of the snapshot, which was about two years ago. The list of cryptocurrency exchanges that will offer the Flare (FLR) token airdrop now includes Bitget. The Flare Network is a brand-new, extremely sophisticated blockchain technology that aims to increase the functionality and usefulness of the Ethereum Virtual Machine (EVM).
