Today: the 200 million dollar hack

Today: the 200 million dollar hack

Good Morning, Earndroppers!

The Earndrop team launched a newsletter this month: Alpha-Packed.

• The A-P is a free finance and cryptocurrency daily newsletter, in bullet point format.

Keep up with the industry for only 6 minutes per day. We hope you enjoy it!

☕ Welcome to A-P!
• Your daily dosis of cryptocurrency events, in bullet point format.

BTC: $26,143 (-1.7%) ETH: $1,574 (-1.2%)

☕️ On today's Top Picks:

  1. MicroStrategy acquires an additional ~$147.3 million of Bitcoin.
  2. 69,448,385 unclaimed $ARB moved to the ArbitrumDAO treasury.
  3. HTX, formerly Huobi; hacked for 5000 $ETH worth $8 million.
  4. Mixin Network hacked for ~$200 million. Did anyone know what Mixin was?
  5. JPMorgan "disappointed" by Ethereum.

Bullet-pointed, coffee-ready information on the latest cryptocurrency developments.

Read time: 5 minutes


Alpha

Palm Network's testnet powered by Polygon's Chain Development Kit (CDK) goes live October 2nd.

DefiLlama team releases LlamaFolio, a new portfolio tracker.

Zapper team teases Chain Chat, an application for onchain group chats. Zapper previously raised $17 million.

Orbiter Finance teases "Forthcoming" announcement.

🪂 Airdrops

Privacy Pools airdrop strategy thread.

📰 Finance News

Vitalik Buterin deposits 400 $ETH to Coinbase. In the past 10 days, Buterin has deposited a total of 2,421 $ETH, nearly worth $4 million; to multiple CEX's.

Gary Gensler testifying in front of the House Financial Services Comittee this Wednesday.

MicroStrategy acquires an additional 5,445 BTC for ~$147.3 million at an average price of $27,053 per Bitcoin.

FTX files lawsuit against former employees of Salameda, an FTX affiliated company based in Hong Kong. FTX seeks to recover $157.3 million that it claims was fraudulently withdrawn in the hours before the exchange filed for bankruptcy.

JPMorgan disappointed by Ethereum’s activity post-Shanghai upgrade. The analysts noted the declines in daily transactions, daily active addresses and total value locked as well as centralization concerns regarding liquid staking protocols like Lido.

📰 DeFi News

69,448,385 unclaimed $ARB remaining in the airdrop contract has been moved to the ArbitrumDAO treasury as planned.

Arkham identifies Coinbase's ~1 million Bitcoin reserves worth ~$25 billion.

BNB Chain resolves glitch with MetaMask which inflated opBNB's gas fees.

Terra Classic community votes to end minting of Terra Classic USD ($USTC). Nearly 60% of the community voted in favor of the proposal which aims to, "protect the community and outside investors who are burning USTC," to achieve a re-peg.

MetaMask integrates Squid bridge provider on MetaMask portfolio. Squid is powered by Axelar Network.

Uniswap introduces swap protection on Uniswap Wallet. Swap protection provides protection against frontrunning & sandwich attacks and a better fee-on-transfer token experience.

🛡 Security and Exploits

Balancer hack thread with real world test of security browser extensions.

HTX, formerly Huobi; hacked for 5000 $ETH worth $8 million.

Mixin Network hacked for ~$200 million. Attackers exploited the database of Mixin Network's cloud service provider. Deposit and withdrawal services are temporarily suspended.

ZachXBT cautions of any projects partnering with market maker Gotbit Hedge Fund. Leaked report shows Gotbit offers questionable services.

Upbit cryptocurrency exchange temporarily suspended Aptos deposits and withdrawals due to a scam token bug. Upbit was crediting legitimate Aptos tokens when users deposited a fraudulent Aptos token. Normal operations have since resumed.

OpenSea third-party vendor compromised, alerts affected parties to rotate API keys.

Token Unlocks

Pendle $PENDLE - 344.12K (~$212.92K) on SEP 26

Yield Guild Games $YGG - 12.42M (~$2.56M) on SEP 27

Euler $EUL - 188.74K (~$507.71K) on SEP 27

Optimism $OP - 24.16M (~$30.20M) on SEP 29

Acala $ACA - 27.43M (~$1.33M) on OCT 01


💰 Funding

Cygnetise, an authorised signatory and delegation of authority management solution; raises £2.5M in Pre-series A funding round led by Adjuvo.

• • •

That's it for today's dose! See you soon.

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