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Safeheron Fortnite Dispatch|Feb 12 '23

02/13/2023

Security Incidents

  • Security firm Unciphered reveals the potential vulnerability in hardware wallet OneKey, and OneKey has officially updated the security patch.
  • Hackers profit $12.972 million from Monkey Drainer phishing.
  • ​EminiFX CEO Eddy Alexandre set to plead guilty to role in alleged $59M ponzi scheme.
  • The decentralized finance (DeFi) ecosystem saw a surge in hacks in 2022, with the total value of stolen funds surpassing $6 billion, according to data from crypto data analyst Kofi, a contributor at DefiLlama.
  • ​BonqDAO’s smart contracts have been hacked for around $88 million as of the time of publication.

Industry Updates

Digital Asset Custody, Security

  • ​Capital Trust Group issues first digital bond in New Zealand with Fireblocks.
  • ​Coincover, a provider of protection and insurance for digital assets, has raised $30 million in a funding round, led by Silicon Valley investment firm Foundation Capital.
  • ​BitMart joins Cobo's SuperLoop to enhance client asset safety ahead of official launch.

Institutional

  • Brazil's oldest bank Banco do Brasil allows Bitfy customers to pay taxes with crypto.
  • Switzerland-based Backed Finance launched a tokenized version of a BlackRock ETF called bCSPX which runs on Ethereum and as an ERC-20 token.
  • ​Shopify launches suite of blockchain commerce tools for merchants.
  • ​PayPal pauses Stablecoin work amid regulatory scrutiny of crypto by NY financial regulators.
  • ​BNY Mellon says investors are 'absolutely interested' in digital assets.
  • Ant Group, Baidu, China Construction Bank and other Chinese companies are listed on Forbes Blockchain 50 2023.​

Web3

  • Temasek-backed Partior raises $31m in StanChart-led Series A round.
  • Cantor Fitzgerald helps oversee Tether’s $39 billion in treasury holdings.
  • ​Ethereum Foundation will launch Shapella upgrade to support withdrawals soon, and public test network Sepolia is scheduled for Feb. 28.
  • ​Algorand will drive Web3 adoption in India through key partnerships with several educational institutions and schools.

Market Regulations

North America

  • ​Celsius’ proposed extension for restructuring has been opposed by creditors.
  • Federal Reserve Bank of New York released the new report The Bitcoin-Macro Disconnect.
  • ​SE​C will make regulation of emerging technologies like cryptocurrencies a top priority in 2023.

Europe

  • ​The Bank for International Settlements (BIS), the association of the world’s central banks, is spearheading the development of a monitoring system for stablecoins to ensure issuers maintain adequate reserves.
  • ​Italy has begun setting up crypto environment that meets EU's new laws.

Asia

  • ​South Korea announced its first independent sanctions related to cryptocurrency thefts and cyberattacks against specific North Korean groups and individuals.
  • ​India's law enforcement agency, Enforcement Directorate (ED) revealed that as of January 31, 2023, proceeds of crime amounting to ₹936 crore have been attached/seized/freezed and 5 persons have been arrested.
  • ​Dubai’s crypto regulator has published its eagerly-anticipated regulations for the local industry, including an effective ban on anonymity-focused digital assets known as privacy coins such as ZEC and XMR etc..
  • The hunt for crypto fugitive Do Kwon led South Korean Officials to Serbia last week.
  • Binance and the National Bank of Kazakhstan have today presented a bilateral report on the State of the Digital Assets Industry and DeFi in Central Asia. The report’s presentation was delivered at the “Digital Almaty 2023” forum.

South America

  • Three months after crypto exchange FTX collapsed, Argentina’s government is weighing creating oversight requirements on crypto companies.
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