The R Roundup: Has The ANKR Been Lifted? — Issue #65
It doesn't surprise crypto natives anymore when news breaks of an exploit; however, the valuations of exploits can tend to act as a filter of significance. DeFi protocol built on BNB, Ankr, confirmed that they were hit by a multi-million dollar exploit.
PeckShield was the first to identify the exploit claiming that the exploiter had been minting $aBNBc and then transferring stolen funds to Tornado Cash or bridged the funds via celer and deBrideGate to Ethereum.
Following the identification of the exploit, Ankr went to Twitter to confirm that the $aBNB token was exploited, and they collaborated with exchanges to halt the token's trading.
On-chain data has identified that by using several bridges to obfuscate the funds, the exploiter gained an estimated $5m worth of $USDC.
BNB added the following statement:
Release Of The Kraken🐉
Exchanges are at the forefront of access in crypto, and the workforce of these exchanges, unless FTX, work tirelessly to enable round-the-clock access to the crypto markets.
Crypto winters prove to be a challenging time for the average retail investor and for these ginormous exchanges.
In a blog post released by Kraken on November 30th, they claimed they would reduce their global workforce by 1,100 people (30%) to adapt to current market conditions.
Further on in the blog post, Kraken explains how tripling their workforce so they could scale the hundreds of millions of new users coincided with “macroeconomic” and “geopolitical” factors which “weighed” on financial markets.
Kraken Co-Founder & CEO Jesse Powell stated:
I’m confident the steps we are taking today will ensure we can continue to deliver on our mission which the world needs now more than ever before. I remain extremely bullish on crypto and Kraken.
Apple Wants Percentage Of Gas Fees👩💻
Apple, which is viewed as one of the largest tech giants in the world, recently expressed its authority over products launched on its app store in the blockchain space.
Coinbase is at the front of many innovative projects in the space; however, one of the latest projects to join their portfolio, “Coinbase Wallet,” has been blocked on IOS, meaning Apple users will no longer be able to send NFTs from their wallets on IOS devices.
Coinbase mentioned that Apple blocked the latest app release until the NFT feature is disabled or until Coinbase complies with Apple’s request for gas fees to send NFTs through their “In-App Purchase system” so they can collect 30% of the gas fee.
While there is the belief these web 2 giga-giants have the right intentions with crypto, Coinbase claims that anyone who understands how NFTs and blockchain works will be aware that compliance with this policy is practically impossible.
As a reminder, this is not a trading signal or investment advice; it is an opinion, and each trader/investor should know and understand the risks of trading cryptocurrencies. This should not be regarded as financial advice; feel free to familiarise yourself with our NFA disclaimer.
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