🦎🚀 Bitfinex to get a $3.6 billion windfall soon? 🤑

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🦎🚀 Bitfinex to get a $3.6 billion windfall soon? 🤑

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How's your week going so far, Geckos?

 

The US Department of Justice has confiscated $3.6 billion in Bitcoin (BTC) in connection with the 2016 hack of Bitfinex.


Two suspects, Ilya Lichtenstein and Heather Morgan, were arrested in New York in relation to the incident.


The two are accused of conspiring to commit money laundering and defrauding the United States.


In today's news, Superfluid is hacked for more than $13M, Binance partners with South Korean entertainment group YG, and Russia plans to recognize crypto as a form of currency.


Read on!

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Polygon's QiDAO Loses $13M

 

On Tuesday, The Polygon-based DeFi protocol QiDAO was victimized by an exploit of the Superfluid vesting contract.


The attack resulted in a loss of more than $13 million in various tokens, including QI, WETH, USDC, MATIC, among others.


The team emphasized that user funds on QiDao contracts are safe as the vulnerability is limited to Superfluid.

 

Decrypt

Binance x YG Entertainment

 

Binance has formed a strategic partnership with the leading South Korean entertainment company YG.


The crypto exchange will attempt to leverage K-Pop and Korean celebrities on the international scene.


The partnership hinted at plans to develop GameFi, Metaverse, NFTs, and more.

 

BSC News

Russia Set To Recognize Cryptocurrencies

 

Russia's authorities are planning to recognize digital assets as a type of currency.


According to reports, the government and the Bank of Russia have achieved an agreement on how to regulate cryptocurrencies.


It is also reported that crypto will only be usable "in the legal sector" with full authentication.

 

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