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CRYPTO

Ex-nChain CEO Debunks Wright's Satoshi Claim, Preps Ayre Exposé Amid Company Uncertainty

Christen Ager-Hanssen, the former CEO of nChain Group, has publicly discredited Craig Wright's claim to be Satoshi Nakamoto, the elusive creator of Bitcoin, before the board of directors. His departure has cast doubts on nChain's future, a company that profits from enforcing patents on Bitcoin-related inventions. Ager-Hanssen is gearing up to release a report exposing the influence of billionaire Calvin Ayre on nChain, who is suspected to be the puppeteer behind Wright. In response to the controversy, nChain is conducting a comprehensive third-party investigation to uphold its commitment to technology and the ecosystem.

Authors
Authors
  • The Block
  • Wu Blockchain
  • Alistair Milne
2
5Authors
878.7kFollowers
CRYPTO

FTX Drainer Resurfaces, Moves $8M Worth of Ethereum After Year of Dormancy

An individual known as the "FTX drainer" has moved 5,000 Ethereum, worth approximately $8 million, according to on-chain analysis. This individual is believed to be involved in the FTX exploit. The FTX exploiter intermediary address received 15,000 ETH from FTX accounts around 313 days ago, and has recently transferred 7,750 ETH out, with approximately 4,000 ETH being bridged to BTC. This marks the first movement of funds in nearly a year. Additionally, the FTX drainer has transferred 5,000 ETH ($8.37 million) out in the past three hours and currently holds 180,735 ETH ($302.5 million) across 13 addresses. The FTX hacker's wallet is also active, with 5,000 ETH worth $8 million shifting in two transactions. The wallet used Metamask for a swap, incurring high transaction fees. The FTX exploiter address 0x3E95 moved 2,500 ETH ($4.18 million) after remaining inactive for over nine months. Some of these funds are being transferred to THORChain, while some remain in the original address. Overall, the FTX exploiter has re-emerged after a period of dormancy, moving significant amounts of Ethereum.

Authors
Authors
  • Bitcoin News
  • Cointelegraph
  • The Block
6
9Authors
5.8MFollowers
CRYPTO

Buenos Aires, zkSync Era to Launch Blockchain-Based Digital ID Service

Buenos Aires is set to modernize its citizen identification process by introducing a blockchain-based digital ID service, QuarkID. The service, developed in partnership with Quark_ID and zkSync Era, will leverage the zkSync Era blockchain as its settlement layer. As part of the ZK Nation initiative, the service will allow citizens to claim digital versions of basic documents such as birth and marriage certificates starting from October. This move marks a significant step towards a more secure and efficient system for managing citizen identification.

Authors
Authors
  • Bitcoin News
  • zkSync ∎
  • The Block
2
5Authors
4.9MFollowers
CRYPTO

Chase UK to Block Cryptocurrency Payments Citing Rising Fraud, Sparks Debate on Financial Freedom

Chase UK, the British division of JPMorgan, announced that it will block cryptocurrency payments starting from October 16th. In an email reviewed by CoinDesk, Chase stated that it is taking this step because "fraudsters are increasingly using crypto assets to steal large sums of money from people." This decision comes as the bank has witnessed a rise in scams and fraudulent activities involving cryptocurrency. The move has resulted in criticism from industry executives, with Coinbase CEO Brian Armstrong urging UK customers to close their accounts with Chase in protest. However, Chase remains firm in its decision, stating that it will decline any payments related to crypto assets. The ban has raised concerns about the power banks have in controlling people's financial transactions, and some experts have deemed the move "nonsensical" and "totally inappropriate." Chase UK is one of the first major banks to impose such a ban, and the decision has sparked a debate concerning the freedom to transact with cryptocurrencies.

Authors
Authors
  • Reuters
  • Bloomberg
  • Financial Times
30
33Authors
68.6MFollowers
CRYPTO

Binance exits Russian market, sells business to CommEX; denies ownership connection and rumors

Cryptocurrency exchange Binance is selling its Russian business to CommEX and fully exiting the country. The move comes as Binance recognizes that operating in Russia is not compatible with its compliance strategy. CommEX, a newly launched exchange, will take over Binance's Russian operations. The sale follows Binance's reopening in Belgium after a three-month suspension. Former Binance employees may have joined CommEX, and the platform denies any ownership connection with Binance. Binance is also denying rumors that its CEO CZ owns CommEX. The exact terms of the sale have not been disclosed.

Authors
Authors
  • Bloomberg
  • Financial Times
  • CNBC
26
29Authors
36.1MFollowers
CRYPTO

Mixin Network Halts Services After $200M Hack; Offers $20M Reward for Stolen Funds Return

Mixin Network, a decentralized finance project, has suspended its deposit and withdrawal services after suffering a hack involving $200 million in crypto assets. The hack is one of the largest in the cryptocurrency industry this year. The breach occurred in Mixin Network's cloud service provider database, leading to fund losses on the mainnet. Mixin Network is now offering a $20 million reward to the hacker as a bug bounty for the return of the stolen funds. The entity has temporarily suspended its services while it investigates the breach and looks for solutions to recover the damaged assets. SlowMist, a security firm, is assisting in the investigation.

Authors
Authors
  • Bloomberg
  • CZ 🔶 Binance
  • Bitcoin News
21
24Authors
28.9MFollowers
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