During a training session supported by Binance, Cristiano Ronaldo played football with owners of his NFT stack. Notwithstanding some ongoing attempts to bring the sports hero to justice in the US, football sensation Cristiano Ronaldo fulfils some of his pledges to holders of his nonfungible tokens (NFTs). A video of Ronaldo playing football with a
Flipside, a blockchain analytics startup, reported that both blockchains have over 15 million acquired users each, with Bitcoin coming in third place with 10.65 million members. According to blockchain analytics firm Flipside, Layer-2 scaling network Polygon nearly attracted the same number of cryptocurrency users as Ethereum in 2023. Just 15.24 million users were added to
In a recent interview on Wednesday, Japanese legislators Masaaki Taira and Hideto Kawasaki stated that they would like to establish Web3 laws for the country. The nation has been considering many approaches to Web3 regulation. A blog post stated that the Web3 project team (web3PT) of the Liberal Democrat Party produced a whitepaper in April
To create its Ethereum-based interoperability center, Polymer Labs has raised $23 million in Series A funding.Together with contributions from several well-known investors like Coinbase Ventures, Placeholder, and Digital Currency Group, Blockchain Capital, Maven 11, and Distributed Global co-led the investment round. Using a layer 2 network, Polymer has created an Ethereum-based interoperability hub by utilizing Inter-Blockchain Communication (IBC), which was first created for the Cosmos ecosystem to facilitate communication across various blockchains.Countering the interoperability issues arising from the growth of layer 2s is the goal. “Existing interoperability solutions such as token bridges are widely used but have proven unreliable and susceptible to hacks, leading to a lack of standardization within the Ethereum ecosystem with billions lost in exploits,” Polymer Labs said in an emailed announcement on Tuesday.
Through its merchant network known as digishops, Shamba Pride has been working since 2016 to improve last-mile distribution for agriculture inputs and address price exploitation and quality issues for farmers. So far, the agtech has established a network of 2,700 merchants, or agro-dealers, spanning 24 counties in Kenya, or slightly more than half of the
Bloomberg reported that U.S. authorities are looking into investment firm B. Riley’s dealings with Brian Kahn, who is accused of being a co-conspirator in a criminal case against the Department of Justice. The article cited persons who are acquainted with the subject. In a statement, B. Riley stated that it was not aware of any
With a nearly 1.40% advance on Saturday, Bitcoin (BTC) saw a significant uptick as the weekend progressed, closing at $41,700.Even with this encouraging trend, The New York Times continues to be pessimistic about Bitcoin’s future.The RBI Governor has cautioned investors to proceed with caution, citing cryptocurrencies as a risk to the stability of the Indian Rupee, adding to the cautious stance.A $2.3 million loss by the cryptocurrency exchange Debiex as a result of purported romance scams has been filed to the Commodity Futures Trading Commission (CFTC), underscoring the weaknesses in the cryptocurrency market.In addition, there is concern that the strength of the US Dollar Index (DXY) could pose a threat to the rebound of Bitcoin, especially in light of the selling pressure exerted by Grayscale Bitcoin Trust (GBTC). With so many different variables at work, investors are wondering if now is the right time to invest in Bitcoin and Ethereum as the latter approaches the $2,500 threshold.
Ten million dollars have been raised in two seed rounds by Root Protocol, a digital identity service that aims to standardize access to Web3 platforms.Animoca Brands led the investment rounds, which valued Root at $100 million. A number of other prominent investors, including CMS Holdings, Ankr Network, Signum Capital, and angel investors Tekin Salimi and Meltem Demirors, also contributed. An e-mail announcement shared with CoinDesk on Friday states that Root Protocol is developing a Web3 operating system that will function as a digital identity aggregator, aiming to become “a one-stop station for all things decentralized identity” and facilitate access to various Web3 platforms. During the recent 18 months’ bear market, funding for Web3 projects decreased because investors may have viewed them as risky and unproven.When roots grow a healthy amount during the seed stage, it could indicate that something has changed. “Securing $10 million was indeed an accomplishment for a Web3 project, especially considering the challenges many projects faced during bear markets,” a Root spokesperson told CoinDesk in an emailed statement. “The funding rounds for Root drew significant attention due to the involvement of various investment ventures and long term relationship with our
As the startup blockchain Manta Network released its MANTA currency, it was subjected to a distributed denial of service (DDoS) attack, which caused the network to lag and cause withdrawal times to be longer than anticipated. The Manta developers stated in an X post that “the network has accumulated a large queue of recent transactions.”
The “Culture Catalyst” program of the Avalanche Foundation is expanding to include funding for memecoin purchases.Prioritizing nonfungible tokens (NFTs) at first, the $100 million investment fund said on December 29 that at least a portion of its allocation would go toward financing memecoin acquisitions.Although the move has been well received by the Avalanche community and some market analysts, memecoiners are still stigmatized in the cryptocurrency space. Ethereum co-founder Vitalik Buterin called memecoiners “degen gamblers” in a recent blog post. However, that hasn’t really lessened the fervor of individuals who are already heavily involved in the memecoin area.One analyst who is enthusiastic about the move is Emperor Osmo, a crypto expert and supporter of Avalanche.Osmo gave Cointelegraph an explanation of why investing in memecoins is a wise move that will eventually support Avalanche’s expansion. “I equate memecoins to the power of social movements, and you cannot have a blockchain reach massive scale without a powerful social movement behind it,” said Osmo. The most successful blockchain ecosystems, according to Osmo, who goes by the moniker “Lead Llama” at Osmosis Labs—after all, this is crypto—have engaging stories and “communities with a common purpose.”Osmo cites the blockchains of Bitcoin, Ethereum, and XRP as instances of “tight-knit communities” that have also discovered the “simplest product market fit.”According to Osmo, Avalanche’s cultural catalyst can provide the same effects by strengthening the culture. Data scientist Carlos Mercado of the analysis company Flipside Crypto makes a similar argument to Osmo, but he emphasizes that memecoins are intrinsically dangerous investments. “Memes provide people a chance to be in an ‘in-group,’” Mercado told Cointelegraph. “Whether it be early to a memecoin or an active
Attorneys for former Celsius CEO Alex Mashinsky submitted an application to the federal court asking the judge to discharge the allegations against him for market manipulation and commodities fraud.Mashinsky’s defense team filed a move to dismiss two felony offenses in which the former Celsius CEO is expected to stand trial in September 2024 on January 12 in the United States District Court for the Southern District of New York.The lawsuit said that because of how the government has handled cryptocurrencies, the second offense of commodities fraud was “repugnant” and “inconsistent” with the first count of securities fraud. “It is inconsistent and illogical to view the Earn Program as a security for purposes of Count One, and a commodity for purposes of Count Two,” said the filing. “It is not clear if the government intends to argue that Celsius’s Earn Program constituted the purchase of a security and the sale of a
Jathin Jagannath, a developer and supporter of the Web3 rollup protocol Cartesi, has identified regulatory ambiguity as a major barrier to the Web3 environment in Africa. As per Jathin, prospective users and investors may become hesitant towards Web3 technologies if there are unclear and imprecise legislation governing them. In a Cointelegraph interview, Jathin emphasised that
GameStop’s decision to close its NFT marketplace comes after a series of cuts in its crypto services throughout the last two years. Ahead of next month, GameStop, a retailer of video games, will be gradually discontinuing its non-fungible token (NFT) marketplace because of undetermined regulations. Users are reminded that they have just over two weeks
OpenAI responded to a lawsuit that The New York Times (NYT) had filed against it in a blog post on January 8, stating that it is “without merit” and outlining its joint ventures with other news outlets. According to the blog post, OpenAI was in discussions with the NYT that appeared to be “progressing constructively.” “Their lawsuit on December 27—which we learned about by reading The New York Times—came as a surprise and disappointment to us.” The New York Times is suing OpenAI and Microsoft, claiming that its information has been improperly used to train chatbots using artificial intelligence (AI).The NYT’s assertions are refuted by OpenAI, which says it sees this as an opportunity to “clarify our business, intent, and how we build out the technology.”It outlined four assertions, the first of which is that it actively cooperates with news organizations and generates new opportunities for news, as the foundation for its arguments. It also stated that, although offering a “opt-out,” its instruction is “fair use” and is “the right thing to do.”Furthermore, the AI developer asserts that the NYT is not providing the “full story” and that the “regurgitation” of text is a “rare bug” that is being corrected.OpenAI listed a number of collaborations it has established in the media sector, including a recent agreement to address AI “hallucinations” with German media behemoth Axel Springer.Another group it communicates with to “explore opportunities, discuss their concerns, and provide solutions” is News/Media Alliance. This, however, comes after a 77-page study, released on October 30 by the News/Media Alliance, was submitted to the US Copyright Office claiming that AI models have been trained on datasets that contain a disproportionate amount of information from news publishers compared to other sources.Additionally, OpenAI emphasized the “opt-out process” that it has put in place for publishers, which stops its tools from accessing the websites of those publications who have used it.It was reported that August 2023 saw its adoption by The New York Times.One of the main points of contention in the NYT lawsuit against OpenAI and Microsoft is that, behind Wikipedia and a database of US patent records, “www.nytimes.com” is the most highly represented private source. The New York Times further states that it attempted, but was unable, to contact Microsoft and OpenAI in April 2023 to express concerns around intellectual property and “explore the possibility of an amicable resolution.”Lawyers have dubbed the NYT’s complaint—which claims that generative AI is violating copyright—the “best case yet,” notwithstanding OpenAI’s reply.OpenAI stated that its content is not a “substitute for The New York Times” and that any abuse reported by the NYT would be “not typical or allowed user activity.” “Regardless, we are continually making our systems more resistant to adversarial
The creator of Zengo Wallet is approaching the bug bounty program in an uncommon way.Rather than providing compensation to white hat hackers for finding vulnerabilities, the corporation is depositing 10 Bitcoin, which is currently valued at over $430,000, into an account that is under the authority of developers.An announcement from January 7th states that any hacker who is successful in depleting Bitcoin would be able to retain it. Starting on January 9 and running until the morning of January 24, the bounty will be awarded over a 15-day period.1 BTC, or roughly $43,000, will be in the account when its address is made public on January 9.One of the “security factors” that keep the account secure will be added by Zengo on January 14th, along with an additional 4 BTC ($172,000).Ten BTC ($430,000) will be retained in the wallet when the team adds an additional 5 BTC ($215,000) on January 21.Right now, they will also disclose a second security feature.Total security factors used by the wallet are three.Cybercriminals will have until January 24 at 4 PM UTC to discover the second component. According to Zengo, there is “no seed phrase vulnerability” in its wallet.The wallet does not keep a key vault file, nor does it prompt users to copy down seed words when they initially register an account.The wallet signs transactions using a multi-party computation (MPC) network, according to its official website.Rather of producing a private key, the wallet generates two distinct “secret shares.”First, the user’s mobile device stores the share, and then the MPC network stores the second share. Through the use of three-factor (3FA) authentication, the user’s share is better protected.They need to have the email address they used to open the wallet account and access to an encrypted backup file on their Google or Apple account in order to get their portion.To reconstruct their share, they also need to perform a facial scan on their mobile device, which adds a third cryptographic component. Zengo claims there is a backup plan in place for the MPC network’s share.The group says it gave a different law firm the “master decryption key.”This law firm has been directed to post the decryption key to a GitHub repository in the event that the MPC network’s servers fall offline.Should the key be made public, the application will immediately go into “recovery mode,” enabling the user to reconstruct the portion of the MPC network that is associated with their account.When a user obtains both shares, they can restore their account by creating a conventional private key and importing it into a rival wallet application. The chief marketing officer of Zengo, Elad Bleistein, expressed optimism in a statement to Cointelegraph that the on-chain prize will encourage conversations within the cryptocurrency community about MPC technology.It is possible to overly abstract complex terminology like MPC or TSS, according to Bleistein.“The Zengo Wallet Challenge will highlight the security benefits of MPC wallets over traditional hardware alternatives, and we look forward to a lively discussion with those who get involved.” Since an attack on Atomic Wallet resulted in losses for cryptocurrency users exceeding $100 million, wallet security has gained more attention in the industry.Later, to aid in securing the app’s security going forward, the developer established a bug bounty program.Additionally, users of the Libbitcoin Explorer wallet library claimed losses from hacks in 2023 totaling $900,000.
After a year of promising to reimburse the disappointed investors of his nonfungible token (NFT) project CryptoZoo, YouTuber Logan Paul announced a repurchase. The announcement was met with reaction from the community. The NFT project aimed to create a play-to-earn (P2E) game where users could use cryptocurrency to trade, buy, sell, and breed animals.Although the YouTuber first revealed the concept in August 2021, the game was never made available. This resulted in a class-action lawsuit against the celebrity and accusations of fraud. Several pundits urged Paul to reimburse investors for their losses throughout the dispute.Since Paul made return promises about a year ago, they have also closely monitored the situation.Paul eventually released a website on January 4th, allowing the holders of NFTs to take part in a $2.3 million buyback program in which Paul would buy back the NFTs at their original value.The YouTuber says that through February 4th, claims can be made on the website. Even though the news appears good for individuals who purchased the NFTs, some people think Paul’s action had a hidden agenda.Stephen Findeisen, a.k.a. “Coffeezilla,” is a YouTube detective who posted on X to draw attention to a disclaimer on the website that states that users of the repurchase program are “waiving any actual or anticipated claims” against Paul and CryptoZoo. Others praised the decision as a victory for the neighborhood in the interim.The official refunding of investors in CryptoZoo by Paul was welcomed by Crypto content creator Mason Versluis.“Celebrities in the mainstream can’t just play around in the Web3 space with no accountability,” the content creator continued.YouTuber “Atozy,” also referred to as Erling Mengshoel Jr., expressed gratitude to the commenting channels that held Paul responsible.This wouldn’t have occurred without them, in the words of Mengshoel, who has nearly 1.5 million YouTube subscribers.
Prices for ether (ETH) should rise in the upcoming weeks as a result of the announcement by cryptocurrency lender Celsius, which is reorganising under bankruptcy procedures, that it will unstake its holdings of the second-largest cryptocurrency. This move will eliminate a potential contributing reason to the token’s poor performance in recent months. The business has
In an effort to recoup the money lost in the exploit, Gamma Strategies, an Ethereum-based liquidity management protocol, has issued a message requesting to discuss a bounty with the attacker who took $3.4 million in digital assets. An exploit found in Gamma’s vaults was discovered on January 4 by blockchain security company PeckShield.Based on preliminary approximations, the losses were estimated to have been about 211.9 Ether, or roughly $469,000.The exploiter had already moved $2.2 million to the cryptocurrency mixer Tornado Cash, according to PeckShield, who later confirmed that the losses had totaled $3.4 million. Gamma restricted access to its vault deposits and only permitted withdrawals in reaction to the attack.Additionally, the protocol has sent a message to the wallet address of the exploiter in an attempt to initiate talks about a bounty for returning the cryptocurrency assets. Additionally, the decentralized finance protocol declared that it had already discovered the attack’s primary cause.As a deposit is necessary for the attack vector, it reassured the community that closing deposits for its vaults that are visible to the public already “nullifies the attack any further.” The protocol also described the next measures that needed to be taken.Gamma claims that before resuming deposits, a third-party code review will be conducted to make sure the attack has been neutralized.Additionally, the business emphasized that it will optimize recovery for each and every impacted user.The company expressed regret to individuals impacted and pledged to provide a more thorough post-mortem examination along with a suggested corrective action plan in the upcoming days.
On Tuesday, Domo, the anonymous founder of Bitcoin, expressed opposition to a suggested change in the standard that UniSat, one of the biggest marketplaces for BRC-20 tokens, announced it will adopt. This move raised the possibility of dispute within the Bitcoin development group. UniSat will “follow the Ordinals Jubilee upgrade, to confirm that BRC-20 is still on Ordinals without splitting into an isolated protocol,” it said in a post on X (formerly Twitter). Introduced in April of last year, BRC-20 is a token standard on the Bitcoin network that enables users to issue transferable tokens on smaller quantities of BTC in the form of inscriptions.The inscriptions, or tokens, are used in the Ordinals Protocol. The position of UniSat may result in inconsistent BRC-20 standards.Domo proposed in October that BRC-20 stay at version 0.9 instead of upgrading to the Ordinals protocol. In response to UniSat, Domo said: “I believe rushing these updates in BRC20 is reckless, disregards their peer indexers, and could potentially
Owners of Sei Network’s SEI tokens, which have gained more than 75% for purchasers over the last week and were the top performers on January 1st, 2024, appear to be benefiting from the parallelized EVM story.The Ethereum Virtual Machine, or EVM for short, is a virtual machine that runs all Ethereum apps and smart contracts.An other network that can host these kinds of apps is one that complies with EVM.A relatively recent blockchain technique called parallelization settles several transactions on the network simultaneously. With support from well-known investors Jump Crypto and Multicoin Capital, Sei Network debuted as a trading-focused blockchain in August.The design prioritized speed, minimal fees, and other features tailored to facilitate specific types of trading applications.Within the first day of release, the network’s SEI tokens earned $400 million in capitalization, but over the following few months, there was little gain due to the lack of on-chain trading activity.But the recent craze for token trading on blockchains like Solana and Avalanche is encouraging speculators to wager on blockchains other than Ethereum, which is usually the favorite, and networks like Sei are reaping the rewards. According to data, Sei Network’s on-chain metrics are heating up quickly, which supports short-term bullish bets on ecosystem plays.A cult phrase for SEI holders, meme coin SEIYAN, has increased 400% in the last week, acting as a stand-in for the expansion of the Sei ecosystem. Data shows that as of Tuesday, well over $5.5 million was locked on Sei-based decentralized applications (dapps), with Astroport, a trading service, controlling more than 95% of that amount.SEILOR tokens on the liquid staking protocol Kryptonite have increased in value by 80% over the last day as players get more comfortable with more basic moves.As of Tuesday, there were 228 million unsettled contracts in SEI futures, up from $69 million at the beginning of December. This indicates a significant surge in trading interest in the tokens. Excitement about Sei may stem from an upcoming update that, according to creators, will make the network the fastest blockchain available. Other capabilities include the ability for project developers to implement parallelization and deploy audited smart contracts from EVM-compatible networks. “Sei’s major upgrade is nearly code complete right now. Once audits are complete, this upgrade will be released in a public testnet in Q1 2024, and will get deployed to mainnet sometime in H1 2024,” a recent developer update stated.
The cryptocurrency asset manager Grayscale has submitted a revised application for a Bitcoin exchange-traded fund (ETF) but has left out the information on allowed participants.The company underlined that approved participants in its proposed ETF could only pay and receive cash for shares, according to a report by Eric Balchunas, senior ETF analyst at Bloomberg, who noticed the modified filing on X (previously Twitter). In the modified documentation that Grayscale filed with the US Securities and Exchange Commission (SEC), Balchunas further draws attention to the fact that Grayscale omitted the names of its authorized participants. “Not sure why since SEC wants to see it and they have been pretty cocksure about having one. Also, nothing on fee (that I could see). That’s big open q too.” Seven firms hoping to introduce the first Bitcoin ETF products in the United States filed their most recent Form S-1 applications on December 29, according to a story published by Cointelegraph on the same day. The approved participants of Fidelity, WisdomTree, and Invesco Galaxy were disclosed in the recent filings.While WisdomTree and Fidelity listed Jane Street Capital, Invesco Galaxy chose Virtu and JPMorgan.Financial institutions or businesses that are able to issue and redeem shares of an ETF are known as authorized participants.In June 2022, Grayscale said that it planned to list Virtu Financial and Jane Street as authorized partners in its effort to turn the Grayscale Bitcoin Trust into an exchange-traded fund (ETF). Balchunas went on to say that he didn’t know why Grayscale had purposefully left out its approved participants while other companies had provided clarification on these points. “Yes, and they even tweeted that of course they have one, but alls I know (in philly accent) it
Michael Cohen acknowledged believing that Google Bard, an AI chatbot, was a more accurate “supercharged search engine” than other generative AI offerings. Former Donald Trump attorney Michael Cohen acknowledged that he sent his counsel the wrong case citations produced by Google Bard, an AI chatbot. Michael Cohen, who is scheduled to testify against Trump in
The majority of the issues with the Ethereum Proof-of-Stake (PoS) design may be resolved most simply by addressing the role of single slot finality (SSF), according to Ethereum founder Vitalik Buterin. The Ethereum 2024 roadmap was released by the company’s inventor, Vitalik Buterin, who acknowledged that there haven’t been many changes from the previous year.
As of Wednesday, MicroStrategy (MSTR), the biggest corporate bitcoin (BTC) holder, increased its holdings by acquiring 14,620 BTC for approximately $615.7 million.According to a tweet from Michael Saylor, the Executive Chairman of the company, MicroStrategy purchased bitcoins at an average cost of $42,110 each. At an average price of $31,168 per Bitcoin, the most recent acquisition brings the company’s holdings to 189,150 BTC, valued at around $5.9 billion. August 2020 saw MicroStrategy’s first purchase of bitcoin.Prior to last Wednesday’s transaction, the corporation had bought 16,130 BTC last month, which was valued at almost $608 million.The business said in a separate filing that it has raised $610.1 million from its previously disclosed $750 million at-the-market (ATM) share offering. As of early December, the business had over $2 billion in earnings from its bitcoin holdings. The recent surge in the price of bitcoin has been attributed to hopes that exchange-traded funds (ETFs) holding the cryptocurrency may be approved by US regulators. This development is expected to attract a large amount of capital into the cryptocurrency, according to experts.microStrategy’s stock has increased by around 315% year to date, compared to a 200% increase for bitcoin.
According to developers, in a recent email statement, ShimmerEVM from IOTA Network is integrating LayerZero’s cross-chain messaging technology to enable users to communicate and transact across multiple networks. Today marks the first connection to other blockchains via the Shimmer bridge, a technology that allows value to be transferred between various blockchains such as Ethereum, Polygon,
Stablecoins, also known as cryptocurrencies like Tether and USDC, have experienced tremendous growth in the last year, and in 2023 their market value is expected to reach new all-time highs.A recent article claims that governments over the world are scrambling to control the stablecoin sector due to its explosive growth.According to the PwC Global Crypto Regulation Report 2023, which was released on December 19, as many as 25 nations had stablecoin laws or regulations in place in 2023.According to the PwC study and regulatory evaluation, these nations include Austria, The Bahamas, Denmark, Estonia, Finland, France, Germany, Greece, Japan, Luxembourg, Portugal, Spain, Sweden, Switzerland, and a few more. All other reviewed legislation, such as a crypto regulatory framework, licensing or registration requirements, and the Financial Action Task Force’s Travel Rule, have also been secured or enforced by the vast majority of countries that have passed stablecoin laws. The British and American governments were among the forty-three nations in which the professional services firm PwC evaluated the state of crypto legislation for its most recent study.PwC’s report indicates that nations such as the US, UK, and Canada still need to develop a regulatory framework for cryptocurrencies and pass laws pertaining to stablecoins. All crypto-related regulations—aside from stablecoins—have been enacted by several crypto-friendly nations, such as Singapore and the United Arab Emirates, according to PwC data. The study states that only 8 jurisdictions, or about 18% of the surveyed countries, have not yet enacted any stablecoin rules.Brazil, India, Taiwan, Turkey, Bahrain, and other nations are examples of such nations.Australia, Hong Kong, and Singapore comprise 23 percent of the evaluated jurisdictions where stablecoin regulations have been launched or are actively being adopted. The Tether stablecoin is the most actively traded asset on a daily basis. Stablecoins are an important component of the cryptocurrency ecosystem.CoinGecko statistics shows that Tether’s $34 billion in daily trading volumes are 23% greater than Bitcoin’s.Because of Tether’s and other stablecoins’ explosive expansion, the stablecoin market has experienced significant growth in 2023, adding billions of dollars in value. In mid-December 2023, Tether’s market value crossed the $90 billion level for the first time, marking a 36% increase from January.The overall market capitalization of stablecoins has increased this year, setting a new record of $131 billion, according to data from CoinGecko.
The Indian Meteorological Department intends to use AI models to enhance forecasting, especially for extreme weather events like droughts and floods. Top local weather official says the Indian government is experimenting with artificial intelligence (AI) in developing climate models to predict severe weather. The head of climate research and services at the India Meteorological Department
The 279-year-old British-American auction house also set a record in 2023 for the highest price ever paid for digital art. Sotheby’s, a fine arts auction house, sold “nearly $35 million” worth of digital art this year. The company’s vice president and head of digital art, Michael Bouhanna, provided the figures and referred to 2023 as
The expansion of Paxos to the Solana blockchain has been approved by the New York Department of Financial Services (DFS). According to reports, the New York Department of Financial Services (DFS) has given stablecoin issuer Paxos regulatory approval to introduce its products on the Solana blockchain. Due to DFS restrictions, the company is only currently
Following the discovery of a serious Remote Code Execution (RCE) vulnerability in a prior version of the iOS app, blockchain security company Certik has advised users of OKX Wallet to update.The prior version could “potentially compromise sensitive data and crypto assets,” according to Certik’s post on X. It added that OKX “responded swiftly and issued an updated version today.” It’s unknown if any money was taken from users of OKX wallets.CoinDesk reached out to OKX for comment, but they did not get back to us right away. Hackers have been targeting cryptocurrency wallets and exchanges more and more in recent months; in November, Poloniex lost $114 million in theft, and then HTX and cross-chain bridge Heco suffered a $100 million theft.Users of Atomic wallets lost $35 million in ether (ETH), bitcoin (BTC), and other tokens in June as a result of updating to a new version of the iOS app.
