- FTX CEO John Ray III has indicated that the exchange could be reopened
- FinCEN has accused Binance of acting as a counterparty to the newly-prosecuted exchange Bitzlato
- The attacker who exploited Raydium has moved $2.7 million of funds through Tornado Cash
FTX CEO John Ray III has indicated that the exchange could potentially be reopened in the wake of its closure. According to John, a task force has been created to explore the possibility of relaunching FTX.com, the company’s primary international exchange. This announcement has been met with both excitement and trepidation from the crypto community, as FTX officials have been accused of criminal activity.
In other news, FinCEN has accused Binance of acting as a counterparty to the newly-prosecuted exchange Bitzlato. Specifically, FinCEN highlighted that Binance had allowed funds to be transferred from Bitzlato to its own wallet, which then allowed the user to withdraw the funds in fiat. Binance has since denied these claims and has stated that it has taken steps to ensure that its platform remains compliant with regulatory standards.
Meanwhile, the attacker who exploited Raydium has moved $2.7 million of funds through Tornado Cash, a privacy-preserving Ethereum mixer. The attacker managed to gain access to the Raydium smart contract and extract $2.7 million in funds using a re-entrancy attack. The funds were then transferred to Tornado Cash and later withdrawn without any trace of the transaction. This incident highlights the importance of security measures for smart contract and blockchain-based projects.
The Ethereum Name Service (ENS) is also considering selling a portion of its ETH holdings to fund future development initiatives. ENS is an Ethereum-based service that allows users to register and manage domain names on the blockchain. The organization recently indicated that it would be selling a portion of its ETH holdings in order to fund future development initiatives.
Yuga Labs is taking a stand against certain NFT marketplaces that do not support royalties. Yuga Labs is a blockchain-based platform that allows creators to monetize their content through the issuance of tokenized digital collectibles. The platform recently announced that it would be blacklisting certain NFT marketplaces that do not support royalties for creators. This move is aimed at ensuring that creators are properly compensated for their work.
Finally, a new study has revealed that the bottom of the Bitcoin market is beginning to show signs of a recovery. The study, which was conducted by crypto analytics firm IntoTheBlock, found that the number of addresses holding BTC has increased by over 20% since the start of 2021. This indicates that more people are beginning to take an interest in Bitcoin, resulting in an increase in demand for the digital asset.