News Recap Synopsis and additional links found on the unchainedpodcast.com website:
Up to 10 Years in Prison
And the third-largest exchange hack in crypto history
This hectic news week in crypto began with the third-largest hack ever of a crypto exchange. The hacker or hackers who attacked Kucoin made out with $280 million, with around $130 million of that so far frozen in new contracts and hard forks. Then, YFI founder Andre Cronje teased a new project on Twitter, and $15 million poured into his experiment — all of which was then promptly drained by a hacker. Finally, criminal charges were brought against the owners BitMEX, one of the largest and most established exchanges yet to be accused of criminal activity.
Plus, this week, an anonymous denunciation of the corruption inherent in the DeFi space made the rounds. Also, The Verge published an in-depth expose of TRON’s Justin Sun.
On the podcasts, Andreas Antonopolous and Dan Held continue the Why Bitcoin Now series by discussing Bitcoin’s monetary policy on Unchained. And on Unconfirmed, Frank Chaparro of The Block talks about what not only the crypto community but the wider tech and business communities were discussing this week — Coinbase CEO Brian Armstrong’s blog post making clear the company would pursue an apolitical stance in these tumultuous times. We’ll see if that sticks …
US Regulators File Criminal Charges Against BitMEX Owners
Third-Largest Exchange Hack: $280 Million Stolen From KuCoin
$15 Million Emptied From YFI Creator’s Latest Experiment
Inside the Entitled, Lawless World of Tron’s Justin Sun
Is DeFi Corrupt? A Look at the $FEW Token Scandal
Judge Rules Kik’s KIN Token Violated Securities Law
Salt Lending Ordered to Refund $47 Million in ICO Funds
SEC Issues No-Action Letter for Compliance-Focused Digital Security Exchanges
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In a First, Ethereum Fees Eclipse Block Rewards
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