This Week Noteworthy Events(April 1, 2024 - April 7, 2024)
This Week Noteworthy Events(April 1, 2024 - April 7, 2024)
FTX former execs and promotors to settle class lawsuit for $1.3M
Former FTX and Alameda executives agreed to share information to aid in the class group’s legal fight against other alleged FTX promoters.
Prisma Finance Exploited for $12M
Prisma Finance, a DeFi protocol that issues stablecoins backed by Ethereum liquid staking and restaking tokens (LRTs), has been exploited for nearly $12 million.
Sam Bankman-Fried Sentenced to 25 Years in Prison
FTX founder and former CEO, Sam Bankman-Fried, was sentenced to 25 years in prison on Thursday for seven different counts of fraud and conspiracy.
Fidelity takes another step toward spot ether ETF, but hurdles likely remain
The Fidelity Ethereum Fund, like other proposed ETH ETFs, seeks to stake a portion of its assets, according to the firm’s Wednesday registration statement
Inscriptions push blobs to reach set utilization limit on Ethereum
- Blob transactions on Ethereum have spiked up, surpassing the set capacity. - The surge in blob transactions is linked to the introduction of inscriptions on blobs.
Following Binance, KuCoin is sued by the U.S. Department of Justice
Since 2022, KuCoin has faced regulatory issues in multiple locations worldwide and is now being sued by the U.S. Department of Justice, with platform assets experiencing a net outflow of 600 million US dollars in the past 24 hours.
Vitalik Buterin highlights account abstraction in security and convenience, talks metaverse
- The Ethereum co-founder said account abstraction for the network includes both security goals and convenience goals. - Buterin also said that the concept of the “metaverse” is still very “poorly defined.”
KuCoin sees nearly $800 million in net outflow following DOJ indictment
- Nansen data showed that KuCoin’s net outflow amounted to over $780 million on multiple chains over the past 24 hours. - The exodus appears to have a “small impact” on overall reserves, CryptoQuant CEO said on X.
Blast On-Chain Protocol Munchables Stolen $62.5 Million
The Blast on-chain protocol Munchables had approximately $62.5 million worth of ETH stolen due to hiring a North Korean hacker.
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