Crypto && Cafe 131 – CipherTrace

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Crypto && Coffee 131

January 27, 2023

CipherTrace Engineering

Breaking News: South Korean news agency Yonhap reported that the offices of Bithumb were raided on Thursday, January 26, 2023 as part of an investigation into manipulation of the price of an unidentified coin listed on the exchange south korean crypto. A company that allows customers to trade cryptocurrencies o. .. More. Bithumb chairman Kang Jong-Hyun and two other executives, including his younger sister, Kang Ji-Yeon, CEO of two publicly traded Bithumb subsidiaries, Inbiogen and Bucket Studio, have been charged by the district attorney’s office. South Seoul of embezzlement, breach of trust and fraudulent acts. illegal transactions earlier this week.

In addition, Park Mo, vice president of Vidente, the largest shareholder of South Korean cryptocurrency A cryptocurrency (or cryptocurrency) is a digital asset of… More exchange Bithumb, was l Investigated by South Korean prosecutors for embezzlement and stock price manipulation before found dead on December 30 outside his home.

The Seoul Southern District Prosecutor’s Office launched a thorough investigation into the case last year and raided three companies allegedly linked to Bithumb: Vidente, Inbiogen and Bucket Studio. Vidente previously said he had discussions about selling his stake in Bithumb to FTX, but did not reach an agreement. The collapsed crypto exchange filed for bankruptcy in November.

Stay tuned for further developments on this story.

Technology summary:

BitcoinThe term “Bitcoin” can either refer to the Bitcoin network or … More:

Lightning Labs publishes shows that emerging markets are fueling Lightning’s growth.

James OBeirne posted on the Bitcoin-Dev mailing list regarding a soft fork proposal to add two new opcodes, OP_VAULT and OP_UNVAULT. These would accept various settings regarding the creation of a vault to protect the funds and send them.

Anthony Towns posted on the Bitcoin-Dev mailing list an analysis comparing the recent ephemeral anchors proposal to an older SIGHASH_GROUP proposal. The SIGHASH_GROUP proposal allows an input to specify different outputs as long as they do not overlap.

Ethereum:

Tim Beiko shares the latest AllCoreDevs latest calls. The call focused on upcoming Shanghai updates as well as other network upgrades.

Vitalik Buterin publishes an article on stealth addresses and their potential impact on Ethereum.

Erigo updates its roadmap for 2023 focusing solely on Ethereum with BNB Smart Chain and Polygon support going to external contributors.

Other channels:

Aave Protocol V3 is now live on the Ethereum mainnetThe term is used to identify a realnet/mainet blockchain of… More!

zkSync integrates Espresso Systems technology to enable private transactions.

UniswapshareshowDeFi can reduce costs and increase transparency in the exchange markets.

Euler Labs shares that cbETH is now a collateral asset on Euler. This makes it the only place in DeFi to integrate the Coinbases liquid staking derivative token.

Fleek announces that their CLI Beta is now live! The CLI contains two general services, including nonprofits, forums, and news sites, which enable IPFS pinning and IPNS mapping.

StarkWare Announces Partnership with NodeA Node, in the world of digital currency, is a computer that… More Guardians to provide StarkNet developers with the best educational challenges possible.

Cosmos DEX, Osmosis, has made its v14.0.0 upgrade called Neon which aims to expand product integrations and make cross-chain trading more beneficial for merchants.

MakerDAO decided to deploy 100 million USDC in Yearn with 71.56% support.

The Gyroscope Protocol, a guarded version of the stablecoin GyroscopeStablecoins maybe a privately issued cryptocurrency or algorithm, is now available for testing on Polygon.

dYdX announces that they have delayed unlocking their native DYDX token for investors until Q4.

StarkWare releases Cairo v1.0-alpha2 with a focus on dictionaries, events, and storage variable mapping. With this, it is now possible to implement an ERC-20Tokens contract which is a subset of the DLT (Distributed Ledger Technology) L contract.

Contract guaranteed earnings are now enabled on Canto.

hacks | Vulnerabilities | Exploits:

On January 16, 2023, OMNI Real Estate lost $70,000 on BSC due to a reward manipulation bug.

On January 16, 2023, 520 Tokens lost $11,000 on BSC in a price oracle manipulation attack.

On January 17, 2023, Upswing lost $35,000 on Ethereum in a price oracle manipulation attack.

On January 19, 2023, Thoreum Finance lost $580,000 to BSC by incorrectly implementing a transfer function that allowed an attacker to exploit it and increase its balance without any repercussions.

General summary:

Crypto lender Genesisfilesfor bankruptcy, owing its creditors at least $3.4 billion.

Flashbots, an Ethereum infrastructure service, is seeking up to $50 million in funding with a $1 billion valuation.

CoinDesk reports that Binance has been named as one of the counterparties against Bitzlato, which is accused of laundering $700 million by US authorities.

Paradigm publishes the second article on the use of on-chain data for policy research.

Coinbaseshare shows that they identify bad actors and aim to keep the ecosystem safe.

Blockstream raises $125 million to boost Bitcoin mining colocation services.

The full 116-page list of unredacted FTX creditors has been released.

Coinbase was fined $3.6 million by the Dutch central bank for offering crypto services without registering in the Netherlands.

This week’s cup of coffee:

This week we’re heading to Saint Frank Coffee in San Francisco, CA for a cup of Brother Sun. This blend of Colombian and Kenyan coffees yields bright stone fruit and citrus flavors that work great as a breakfast coffee. Drink and enjoy!!

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