There have been mixed developments in the crypto world over the past few days, some positive and some negative, including the hacking incident of CoinDCX’s twitter account, over $160 million hack into decentralized finance operations by crypto market maker Wintermute, MicroStrategy, the world’s largest corporate Bitcoin (BTC) holder who buys in a dip, and other news.
CoinDCX Twitter Account Hacked
On the night of September 20, CoinDCX’s verified Twitter account was hacked, and hackers posted fake Tweets about CoinDCX pumping Ripple (XRP) crypto tokens and also giving away 1,00,00,00,000 XRP tokens as a bonus. CoinDCX is an Indian crypto exchange and they do not indulge in crypto tips and pumping.
About 13 hours ago, CoinDCX announced on Twitter that they have regained access to their account and no user’s data or funds have been compromised. They also assured that even at the organizational level, their data is safe and secure.
📢 Important update. pic.twitter.com/RTeIZ5EzRK
— CoinDCX: Making Crypto Accessible to Indians (@CoinDCX) 20 September 2022
Wintermute’s $160 Million Decentralized Finance (DeFi) Hack
Evgeny Gaevoy, CEO, Wintermute, announced on Twitter that they have been hacked for around $160 million in their DeFi operations, but their CeFi and OTC operations were not affected. He further warned users by saying on Twitter: “If you have a MM contract with Wintermute your money is safe. There will be a disruption to our services today and potentially for the next few days and will return to normal afterwards .”
On September 14, Wintermute was selected as a market maker for the Tron (TRX) blockchain across various crypto exchanges to improve the token’s visibility.
If you have a MM agreement with Wintermute, your money is safe. There will be a disruption to our services today and potentially for the next few days and will return to normal afterwards
— wish cynic (@EvgenyGaevoy) 20 September 2022
MicroStrategy Buys In The Bitcoin Dip
Michael Saylor, Executive Chairman, Micro strategy, announced on Twitter that his company has purchased 301 Bitcoins for $6 million at an average price of $19,851 per BTC. Saylor also highlighted that his company now has a total of 1,30,000 Bitcoins that they bought for $3.98 billion at an average cost of $30,639 per BTC.
Bitcoin’s price at 11 a.m. is down 2.22 percent at $18,917.92, according to data from Coinmarketcap.com.
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. From 19.09.22 @Microstrategy has ~130,000 bitcoins bought for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
— Michael Saylor⚡️ (@saylor) 20 September 2022
The International Monetary Fund (IMF) is calling for global crypto regulation
Aditya Narain, Deputy Chair and Marina Moretti, Assistant Director, IMF Monetary and Capital Markets Department, have published a blog post, in which they initiated the need for a global crypto regulation.
It was said that although cryptos have been around for more than a decade, the need to regulate them now is because they were a niche product then and now have a larger mainstream presence as speculative investments, hedging against weak currencies, potential payment instruments, and second.
“A global regulatory framework will bring order to markets, help create consumer confidence, set limits on what is permissible, and provide a safe space for useful innovation to continue,” the IMF said.
The world’s largest non-fungible token (NFT) marketplace integrates Ethereum scaling solution Arbitrum
OpenSea, the world’s largest NFT market by volume, has announced on Twitter that today they will integrate Arbitrum’s solution and that it will compliment their existing blockchains such as Ethereum (ETH), Solana (SOL), Polygon (MATIC) and Klaytn (KLAY) . Opensea also mentioned that one of the platform’s first NFT projects live on Arbitrum will be from Smolverse, GMX Blueberry Club and Diamond Pepes.
“We are excited to share that OpenSea will soon support
@arbitrum! This is a first step in building our goal of a web 3.0 future where people have access to the NFTs they want on the chains they prefer,” OpenSea tweeted on September 20
