The Block
Quick Take A decentralized exchange aggregator from OKX appears to have suffered a $2.7 million exploit following a private key leak, according to security analysts. The team confirmed a deprecated smart contract on OKX DEX had been compromised, promising to reimburse affected users.
DWF Labs came into the limelight earlier this year as controversy arose around the promotion of its partnerships with crypto projects.Here’s a look at how DWF Labs structures its OTC trades, VC deals and market-making services.Executives at DWF Labs have a tendency to talk about price management for clients, according to multiple sources, as well as documents and messages obtained by The Block.
Quick Take Su Zhu, co-founder of the defunct crypto hedge fund Three Arrows Capital, who was arrested for not cooperating with liquidation efforts, is set to be released this month, Bloomberg reported. Zhu also faces questioning in a two-day Singapore court hearing this week as liquidators seek to reclaim $3.5 billion for 3AC’s creditors.
Quick Take Rainbow, a mobile and browser-based crypto wallet, introduced a points program. On Dec. 11, Rainbow took a snapshot of Ethereum user activity for program eligibility. Every Ethereum user was allotted a minimum 100 points as an incentive to engage with the platform. Additional points were offered to MetaMask users who used its swaps service in the last year.
Ark Invest sold another 82,255 Coinbase shares on Tuesday — worth around $11.5 million — from three of its funds.Ark’s latest fund rebalancing follows the offloading of $1.9 million in COIN stock on Monday and $100 million last week.
Quick Take LINE NEXT plans to officially launch a global NFT platform called DOSI in January 2024, with fresh investment led by a Peter Thiel-backed private equity firm.
Quick Take dYdX Foundation CEO Charles d’Haussy explains the decision to launch dYdX v4 as a standalone appchain and explores the future of decentralized crypto derivative products.
Quick Take Regulated DeFi platform Swarm has launched “Open dOTC” — an alternative permissionless platform for trading tokenized real-world assets. Swarm said Open dOTC was built following MiCA clarity in the European Union, with sufficiently decentralized applications not falling under regulator purview.
Quick Take Former President Donald Trump is selling new “Mugshot Edition” NFT trading cards. People who buy 47 (at $99 a piece, that adds up to about $4,600) will receive a physical card that includes a piece of the suit he wore when his mugshot was taken in Georgia earlier this year.
Quick Take The IRS Criminal Investigation unit listed its top ten cases of the year, and four them involved cryptocurrency. The Silk Road hacker, a OneCoin co-founder, a bitcoin launderer and a token project founder are on the list.
