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CertiK "Audits" Kraken
Alpha Team
June 19, 2024
🚨 CertiK Identifies Kraken Exploit
Exploit Identification: CertiK, a blockchain security firm, publicly identified itself as the "security researcher" behind the discovery of an exploit in Kraken, which allowed for the removal of $3 million in digital assets, revealed on June 19.
Threat Allegations: Kraken’s Chief Security Officer, Nicholas Percoco, accused CertiK of extortion, claiming they demanded a speculative amount before returning the funds. CertiK countered by stating Kraken threatened its employees, urging transparency and user protection.
Community Reaction: Despite CertiK's claims, initial reactions from the crypto community leaned towards supporting Kraken, questioning CertiK’s white hat status. CertiK plans to transfer the funds to an accessible Kraken account. Read More.
️ On today's Top Picks:
- ⚖️ ZachXBT proves Martin Shkreli created $DJT coin.
- 🪂 LayerZero launches $ZRO eligibility & allocation checker.
- 🪂 Eigen launches Phase 2 of the Season 1 $EIGEN stakedrop.
- 💰 Binance Labs leads funding round for Rango.
Read time: ⏰ 7 minutes
Crypto News
• ⭐️ Kraken exploited for $3M in alleged whitehat hack by CertiK, Kraken alleges foul play.
• US SEC closes investigation into Ethereum $ETH 2.0.
• ⭐️ ZachXBT proves Martin Shkreli created $DJT coin & claims $150K bounty from Arkham.
• Fox Corp launches Verify L2 for authenticating digital media.
• Pantera Capital raising a new $1B fund, to invest over $200M into AI-adjacent crypto projects.
• Stani Kulechov seeks $50M for Lens Protocol at a $500M valuation.
Alpha
• Coinbase launches $EIGEN Pre-Launch Market with up to 2X leverage.
• Blast launches new Misc Blast Points Multiplier.
• Linea to launch Mint for Linea Park LXP today/tomorrow.
• Kinto launches Mining Program rewarding ~33% of the token supply.
• Sonic launches its Testnet & Sonic Odyssey: Testnet Campaign.
• Initia launches Week 6 Bonus Tasks for The Initiation: Minitia Mania Campaign.
• Caldera launches Quest #8 of Caldera Crusade campaign on Galxe.
• BSX launches Season 2 The Voyage Mission ahead of token launch.
Airdrops
• ⭐️ LayerZero launches $ZRO eligibility & allocation checker.
• ⭐️ Eigen launches Phase 2 of the Season 1 $EIGEN stakedrop.
• Blast Airdrop is officially 1 week as dapps distribute final Gold & Points.
• Lista $LISTA Airdrop to go live on June 20th at 09:00 UTC+0.
• Mystiko Network launches $XZK Airdrop Points eligibility checker.
• Kresko launches 10B Kredits Airdrop for various DeFi users.
• Velocore launches $ZK Airdrop for Velocore ZKsync users.
• ICYMI ZKsync $ZK Airdrop is live & claimable.
• ICYMI Binance airdrops ZKSync $ZK to users who were left out of the initial airdrop.
• ICYMI DeFi Bridges Airdrop Strategy by Earndrop.
Finance News
• Nvidia $NVDA surpasses Microsoft $MSFT as it becomes largest US company by market value.
• CleanSpark $CLSK purchases five Bitcoin mining facilities for $25.8M.
• Google $GOOG to invest $2.3B into its three Ohio data centers.
• Adobe $ADBE sued by US regulators alleging it deceived consumers.
• Fisker EV startup files for bankruptcy protection as it looks to salvage operations.
Security and Exploits
• Sei $SEI patches two critical bugs & awards $2M in bug bounties.
• Docker API endpoints targeted by new malware campaign delivering crypto miners & other payloads.
• Markopolo threat actor targets crypto users via fake meeting software.
Token Unlocks
• Manta Network / 6.67M $MANTA / ~$8M / JUN 18
• Pixels / 54.38M $PIXEL / ~$15M / JUN 19
• Space ID / 78.49M $ID / ~$36M / JUN 22
Funding
• Renzo, an Ethereum restaking protocol, raises $17M in funding led by Nova Fund – Brevan Howard Digital & Galaxy.
• Sonic, an Atomic SVM Chain on Solana, raises $12M in Series A funding led by BITKRAFT Ventures.
• Bondex, a Web3 Professional Network, raises $10M in funding led by Animoca Brands, Morningstar Ventures, & CoinList.
• ⭐️ Rango, a crosschain DEX/Bridge aggregator, raises an undisclosed amount in funding led by Binance Labs.
The Degen Farmer
Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!
| PROTOCOL | ASSETS | APY |
|---|---|---|
 Notional V3 (Ethereum) | NUSDC | 50.60% |
 Ramses CL (Arbitrum) | USDCUSDC | 47.64% |
 Abracadabra Spell (Arbitrum) | MIMUSDCUSDT | 44.29% |
 Avantis (Base) | USDC | 38.66% |
 Indigo (Cardano) | IUSD | 38.40% |
.jpg){kind=icon} BFX (Blast Futures) (Blast) | USDB | 37.75% |
 Kamino Lend (Solana) | USDC | 32.08% |
 Curve DEX (Arbitrum) | USD+USDT+ | 29.46% |
🫂 Mercle: Open democratic Community-backed Identity network |  |
Airdrop Opportunity 🪂: Mercle is the world’s first community-backed open democratic identity network. Similar to Worldcoin.
Token allocation: Their focus is on creating a community-backed identity network, and they have announced 70% allocation to the community. Eligible participants will get Hands of Support NFTs, redeemable for token rewards at TGE.
⚡️ Participation: Join the House of Incentives by collecting the "Mbadges" and bringing your attestation data on-chain before June 30, 2024 to get the NFTs. Read more and tutorial below:
That’s it for today’s edition! See you soon.
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