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π Kraken's $13 Million fundraise, Binance Margin Trade, and Synthetix's Oracle incidentlink :
π Kraken's $13 Million fundraise, Binance Margin Trade, and Synthetix's Oracle incident
π Kraken's $13 Million fundraise, Binance Margin Trade, and Synthetix's Oracle incident
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| | π° Kraken Raises $13 Million in Crowdfunding with BnktotheFuture
Kraken has raised $13.5 million from 2,263 individual donors through a crowdfunding campaign.
The campaign is the most successful funding round by individual contributors on the BnkToTheFuture platform.
The exchange sought the crowdfund as a way to push its valuation past the $4 billion mark and fund new acquisitions.
| | βΉοΈ More details emerge from Synthetix's Oracle Incident
Yesterday we reported an Oracle incident that causes up to 37 Million synthetix Won (sKRW) to be compromised.
The incident was caused by errors in price feed API that reported a 1000x higher-than-normal rate for Korean Won.
The rate triggered an automated arbitrage bot that consequently exploited the error, raking in a hypothetical $1 bln profit within an hour.
The Synthetix (SNX) team have since been in contact with the owner of the bot, who has agreed to reverse the trades in exchange for a bug bounty.
| | π Binance announces margin trading available to all users
Binance CEO CZ has announced in a tweet that margin trading is now available to everyone using Binance.
Margin trading was previously available to select users who applied to beta test the feature.
The release coincides with the roll out of Binance 2.0, which includes major upgrades.
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