Ledger's Software Kit Hacked: $520K Lost

🚨 Ledger Security Breach: $520K Stolen

Massive Hack and Financial Loss: Hackers stole ~$520K from DeFi users by inserting malicious code in multiple crypto websites. The breach affected major DeFi protocols and raised security concerns.

Employee Phishing and Past Issues: A phishing attack on a Ledger employee led to the breach. Past security problems include a 2020 data leak and controversial updates.

Urgent Call for Security Measures: The incident underlines the vulnerability of DeFi apps and the crucial need for enhanced security measures. Read More.

️ On today's Top Picks:

  1. 🛑 Arbitrum halts as sequencer goes offline.
  2. ☠️ SafeMoon files for bankruptcy.
  3. ⛔ SEC denies Coinbase petition for transparent rules.
  4. 📈 JP Morgan predicts Ethereum will outperform Bitcoin.

Read time: ⏰ 5 minutes


Crypto News


• ⭐️ JP Morgan predicts Ethereum will outperform Bitcoin in 2024.

• ⭐️ Arbitrum comes to a halt as sequencer goes offline.

LayerZero unveils LayerZero V2 upgrade with Mainnet planned for Jan 2024.

• ⭐️ SafeMoon files for bankruptcy causing price to dump ~35%.

Crypto(.)com & Cronos introduce Cronos ZkEVM Chain built on zkSync ZK Stack.

Manta Network launches New Paradigm, an L2 with native yield.

Iris Energy purchases 8380 Bitmain T21 mining machines for $22.3M.

CoinList agrees to pay $1.2M settlement with OFAC following allegations of sanction violations.

Ankex cryptocurrency exchanges by Qredo closes amid bear market conditions.

Alpha


Scroll Origins NFT is live for users who deployed a contract on Scroll Mainnet.

Linea DeFi Voyage waves 9 & 10 are live on Intract.

DeBank launches new AskPro Respondent Web3 Badge.

Airdrops


Namada airdrop for Gitcoin donors by Olimpio.

Opal airdrop rumor by Eardrop.

Cosmos airdrop snooping by Crypto Snooper.

Jupiter $JUP airdrop by Airdrop Official.

Finance News


• ⭐️ SEC denies Coinbase $COIN petition for transparent rules on cryptocurrency.

Ark Invest sells additional $43M in Coinbase $COIN shares.

Federal Reserve leaves interest rates unchanged at 5.25%-5.50%.

Nasdaq hit by system error causing canceled stock orders.

Costco sells $100M+ in gold bars last quarter.

Security and Exploits


ZachXBT exposes Peapods Finance exploiter as axxe(.)eth.

Token Unlocks


• Flow / 2.6M $FLOW / ~$2.03M / 15 DEC
• ApeCoin / 15.6M $APE / ~$26.83M / 16 DEC


Funding


Farcana, a multiplayer shooter; raises $10M in Seed funding.

Lolli, a Bitcoin rewards platform; raises $8M in Series B funding led BITKRAFT Ventures.

Metagood, the company behind OnChainMonkey NFTs, raises $5M in Seed funding.

NFTPerp, a perpetual futures DEX for NFTs; raises $3M in Series A funding led by 1kx.

bitSmiley, a Bitcoin stablecoin platform; raises an undisclosed amount co-led by OKX Ventures.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

PROTOCOLASSETSAPY
Curve DEX logoCurve DEX (Ethereum)IDAIIUSDCIUSDT40.27%
Beefy logoBeefy (Arbitrum)MIMARBUSDCEUSDT38.24%
Abracadabra logoAbracadabra (Arbitrum)MIMUSDCUSDT36.52%
Orca logoOrca (Solana)USDCUSDT34.89%
Liqwid logoLiqwid (Cardano)DJED32.54%
Merkl logoMerkl (Arbitrum)STEURUSDC30.28%
Aura logoAura (Ethereum)DOLAUSDC29.63%
NAVI Protocol logoNAVI Protocol (Sui)USDC27.07%
. . .

Vertex: Your Way to Advanced DEX Trading

Trade on Vertex’s cross-margined DEX, powered by a hybrid CLOB and integrated AMM for the ultimate trading experience📈

Until the end of January, earn a share of $3M $ARB tokens with every fee-paying trade! Plus, enjoy rewards in the form of $VRTX tokens on top!

Vertex: where spot, perpetuals, and a money market unite seamlessly on Arbitrum. Minimized gas fees and MEV, thanks to a batched transaction and optimistic rollup model.

🟣 Your gateway to a new era of decentralized trading! →

. . .

That’s it for today’s edition! See you soon.

Join the conversation

or to participate.