Nov 11, 2022 at 07:19Contents
As expected, FTX and Alameda proved to be only the starting point of a winding road of machinations, deceptions, and downslides. The story of the ruined Sam Bankman-Fried`s empire will drag on for a long time, revealing more shocking details. However, the crypto world will come to its senses sooner or later. That’s why things don’t stop with FTX alone. There are other important news!
Bye, FTX & SBF
FTX, Alameda, and 130 other affiliates are starting Chapter 11 bankruptcy and reorganization proceedings, and the companies and tokens in which they invest are also on the verge of liquidation. Here’s the list. Ah, yes. Sam Bankman-Fried has resigned as CEO.
Another unprotected project
Stablecoin-focused, Ethereum-based decentralized exchange, DFX Finance, lost about $7.5 million in a digital asset hack. According to PeckShield, that break-in was made possible “due to the lack of proper reentrancy protection.”
It seems @DFXFinance‘s DEX pool (named Curve) is hacked (w/ loss of 3000 ETH or $~4M) due to the lack of proper reentrancy protection. Here comes an example tx: https://t.co/tB6Q0SIBSA. The stolen funds are being deposited into @TornadoCash pic.twitter.com/6ft7HYpwpq
— PeckShield Inc. (@peckshield) November 10, 2022
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Airdrop contest by ClubRare
The first full-stack physical NFT marketplace called ClubRare announced a contest on the eve of the launch of Beta 2. It will give away $100,000 worth of tokens to the first community members. Here are more details.
To participate in this competition, users need to provide liquidity to Club Rare Uniswap tokens. After the contest, ClubRare will also hold a so-called ClubRare Partner Day, which will be held both in the Metaconset and physically in New York City.
Shell goes crypto
Major oil and gas company Shell will offer bitcoin (BTC) miners its lubrication and cooling solutions. The giant will sponsor the 2023 and 2024 bitcoin conferences. An agreement has been signed with Bitcoin Magazine, the organizer of the events.
We’re excited to announce Shell as an official Bitcoin 2023 sponsor! Read more about the oil giant’s Bitcoin mining ambitions. 👇https://t.co/IASn3SJLKQ
— The Bitcoin Conference (@TheBitcoinConf) November 10, 2022
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