The Block
Quick Take Curio experienced a $16 million exploit within its ecosystem that involves a MakerDAO-based smart contract. The exploit seemingly stemmed from a permission access logic vulnerability that allowed an attacker to mint an additional 1 billion CGT tokens.
Quick Take Orderly Network has launched its points program as it prepares for a token launch this summer. The points program begins next week and is expected to run for a few weeks.
The investment bank has seen growing interest from hedge fund clients in crypto-related products, especially after the recent approval of spot bitcoin ETFs in the U.S., according to Bloomberg. Goldman Sachs has also been exploring investing in crypto bankruptcy claims.
Quick Take DigiFT, a Singapore-licensed entity, launched tokens that represent a direct claim on U.S. Treasury Bill receipts. The market capitalization for real-world asset tokens grew 15% in the past 24 hours to $6.5 billion.
Quick Take Elon Musk asked why Ethereum co-founder Vitalik Buterin left X. Buterin has been active on Farcaster, a crypto-centric Twitter-esque social media platform.
Quick Take Kevin Hart bought a Bored Ape Yacht Club NFT in January 2022. The NFT, which Hart bought for 79.5 ether, was traded today for around 13.26 ether. Hart was caught in a class-action lawsuit involving Yuga Labs and MoonPay’s allegedly undisclosed celebrity endorsements.
After finishing jail time, Do Kwon was moved to a facility for foreigners. Kwon is expected to remain in the camp until the Supreme Court’s decision on his extradition. The trial in the U.S. SEC’s fraud charges on Kwon and Terraform Labs is planned to take place on Monday.
Coming up next week: Sam Bankman-Fried will be sentenced in court on seven counts of fraud and conspiracy as FTX’s chosen law firm comes under fire.Optimism and dYdX will unlock a total of $200 million in tokens as Q1 comes to a close.Read on to find out what else is coming up next week in crypto.
The Polygon zkEVM Ethereum Layer 2 blockchain hasn’t produced a block for over twelve hours at time of publishing. The Polygon zkEVM team has yet to officially respond, though a message on Polygonscan refers to “unscheduled maintenance.”
Outflows from spot bitcoin ETFs overpowered new capital on each day this past week, with record-low inflows for BlackRock’s IBIT and Fidelity’s FBTC.Grayscale’s GBTCalso saw record-breaking single-day outflows on Monday, March 18, which may reflect Genesis selling shares.
