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Bridge mixes in $300M of North Korean and other tainted crypto. The Avalanche Bridge has retail users firmly in mind and has been widely promoted by Ava Labs. However, for reasons we shall explore, bad actors including North Korean hackers and Russian spies, have deposited almost $300M in tainted and stolen assets into the Avalanche Bridge. Oftentimes the assets have been transferred from dark net markets, mixers, or accounts that are banned by OFAC (Office of Foreign Assets Control). These assets have become co-mingled with bonafide user assets in the pool of assets that Ava Labs maintains. #hackers #avalanchebridge #avalabs #bridges
Bridge mixes in $300M of North Korean and other tainted crypto.

The Avalanche Bridge has retail users firmly in mind and has been widely promoted by Ava Labs. However, for reasons we shall explore, bad actors including North Korean hackers and Russian spies, have deposited almost $300M in tainted and stolen assets into the Avalanche Bridge. Oftentimes the assets have been transferred from dark net markets, mixers, or accounts that are banned by OFAC (Office of Foreign Assets Control). These assets have become co-mingled with bonafide user assets in the pool of assets that Ava Labs maintains.

#hackers #avalanchebridge #avalabs #bridges
7,000 MetaMask Users Targeted in Security Breach, Consensys Says Thousands of MetaMask users who contacted customer support over an 18 month period were targeted in a personal data breach, Consensys said Friday.  #crypto2023 #metamask #attack #consensys
7,000 MetaMask Users Targeted in Security Breach, Consensys Says

Thousands of MetaMask users who contacted customer support over an 18 month period were targeted in a personal data breach, Consensys said Friday. 

#crypto2023 #metamask #attack #consensys
El Salvador President officially signs bill eliminating all taxes on income, property, and capital gains for technology innovations. #ElSalvador #bitcoin #tax
El Salvador President officially signs bill eliminating all taxes on income, property, and capital gains for technology innovations.

#ElSalvador #bitcoin #tax
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UK government cancels plans to launch NFT ▫️The UK’s Royal Mint is no longer eyeing the launch of an NFT.  ▫️The move was original proposed by current prime minister Rishi Sunak in 2022.  #NFT #crypto2023 #crypto101 #nftcommunity
UK government cancels plans to launch NFT

▫️The UK’s Royal Mint is no longer eyeing the launch of an NFT. 
▫️The move was original proposed by current prime minister Rishi Sunak in 2022. 

#NFT #crypto2023 #crypto101 #nftcommunity
The IoTeX blockchain's governance community voted to support ether (#ETH ) liquid staking derivatives with 97% of token holders in favor of the move. The primary motivation behind IIP-13 is improved security and further decentralization of the #iotex #blockchain .”
The IoTeX blockchain's governance community voted to support ether (#ETH ) liquid staking derivatives with 97% of token holders in favor of the move.

The primary motivation behind IIP-13 is improved security and further decentralization of the #iotex #blockchain .”

Crypto ads in Belgium must be accurate and warn investors of the risks, under new laws announced by the country’s financial regulator Monday. “Virtual currencies are all the rage at the moment, but they involve considerable risk,” FSMA said in a statement. #crypto101 #crypto
Crypto ads in Belgium must be accurate and warn investors of the risks, under new laws announced by the country’s financial regulator Monday.

“Virtual currencies are all the rage at the moment, but they involve considerable risk,” FSMA said in a statement.
#crypto101 #crypto
Taiwan’s Financial Supervisory Commission will be d main overseer of crypto currencies on d island, d head of the regulator said on Monday. Commission will initially be responsible for d supervision of payments nd transactions, but will not cover NFTs, or “non-fungible tokens”.
Taiwan’s Financial Supervisory Commission will be d main overseer of crypto currencies on d island, d head of the regulator said on Monday.

Commission will initially be responsible for d supervision of payments nd transactions, but will not cover NFTs, or “non-fungible tokens”.
💥 The co-founder of Osmosis stated that the Osmosis Foundation converted more than 10% of the cash in the treasury into Bitcoin. ◾️Osmosis is the largest Dex in the Cosmos ecosystem. #Cosmos #DEX #crypto2023 #crypto101
💥 The co-founder of Osmosis stated that the Osmosis Foundation converted more than 10% of the cash in the treasury into Bitcoin.

◾️Osmosis is the largest Dex in the Cosmos ecosystem.

#Cosmos #DEX #crypto2023 #crypto101
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