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🚀 Maki Leaves The Sushi Bar 🍣

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! Happy Monday, Geckos!   pNetwork (PNT), a cross-chain DeFi platform, has become the latest protocol to be hacked on Binance Smart Chain, reportedly losing $12.7 million in Bitcoin. According to a pNetwork Twitter thread published on September 20, the attacker siphoned 277 pBTC from the exchange, which accounts for most of the network's collateral. The team has started to repair the vulnerability of its codebase, and it also offered the hacker 11.5 percent of the stolen assets if they return the funds. In today's news, SushiSwap co-founder 0xMaki steps down as a leader, U.S. Treasury targets stablecoin in regulatory risk assessment, and CFTC investigates Binance over insider trading. Read on! Axie Infinity has taken the world by storm and is showing no signs of slowing down! Are you still unsure about dipping your toes in the water? Our latest how-to video with GirlGoneCrypto breaks down the essential steps you need to know about setting up your wallet, connecting to the game, and buying your first Axie! 😱 Learn more about it here! 👈

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SushiSwap's 0xMaki Steps Down   SushiSwap (SUSHI) pseudonymous co-founder and project head 0xMaki, has decided to step down as the project's de facto leader shortly after the $3 million hacks on MISO, Sushi's token sale platform. 0xMaki joined Sushiswap as an unofficial project lead last year, soon after SushiSwap's pseudonymous founder, Chef Nomi, fled with $14 million in treasury funds. 0xMaki will continue to advise the DeFi protocol, which primarily functions as a decentralized exchange, yield farm, and liquidity miner, even if he no longer manages the project.   Decrypt U.S. Treasury Reportedly Plotting Stablecoin Crackdown   According to Bloomberg, the U.S. Treasury officials are working on a policy framework, which would be revealed in the coming weeks, to ensure that stablecoin owners may reliably move money into and out of tokens. In addition, the Financial Stability Oversight Council is preparing a formal investigation into whether stablecoins constitute an economic threat. Treasury officers are also focusing on how stablecoin transactions are processed and settled, and if market conditions have an impact, the report added.   CryptoPotato CFTC Investigates Binance Over Insider Trading   Binance is now being investigated by the Commodity Futures Trading Commission (CFTC) for insider trading charges, according to a Bloomberg report. The CFTC considers Bitcoin a commodity that falls within its authority in circumstances of fraud or market manipulation. "We have a zero-tolerance policy for insider trading," a Binance representative told Decrypt, adding that the company will "investigate and hold those accountable that have engaged in this type of behavior."   Decrypt

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