A 99% Drop in Value
Plus two 51% attacks, extortion, an exploit, and an exit scam.
News Recap Synopsis and additional links found on the unchainedpodcast.com website:
As prices swell and traction begins to build in everything from Bitcoin purchases to DeFi activity, there’s also quite a bit of activity going on in the underbelly of crypto — hacks, attacks, scams. Leading the week’s news was the arrest of Graham Ivan Clark, the alleged mastermind of the Twitter hack, who turned out to be a 17-year-old self-proclaimed “full time crypto trader dropout.” There were also two 51% attacks on Ethereum Classic, an exit scam on a Korean fork of YFI and an exploit on Opyn. But there was positive news too, with Square’s Cash App more than doubling its Bitcoin sales revenue from Q1, and Ethereum launching the testnet for Ethereum 2.0. And, it seems lawmakers are looking to protect future proof-of-stake validators from massive IRS headaches.
Twitter Hack Mastermind Was 17-Year-Old
Square’s Cash App Bitcoin Sales More Than Double to $875 Million
Ethereum 2.0 Testnet Goes Live
Ethereum Spot and Future Volumes Growing Faster Than Bitcoin’s
Two 51% Attacks on Ethereum Classic: The First Nets Attacker $5.6 Million
4 House Members Ask IRS Not to Tax Proof-of-Stake Block Rewards
DeFi Hacks, Scams and Blunders Roundup
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