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🔴Binance Under Attack! | This Week in Crypto – Oct 10, 2022

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  • November 18, 2022



Binance’s blockchain is hacked, Celsius leaks user data in a court filing and Satoshi’s long-lost Bitcoin code is found.  These stories and more this week in crypto.

Binance’s BNB Blockchain Hacked

Hackers have stolen around $600M worth of BNB tokens from Binance. Hackers targeted Binance Bridge, a cross-chain bridge that allows for the transfer of tokens between two blockchains operated by the Binance exchange, collectively known as BNB Chain. Once discovered, Binance halted the blockchain entirely, and expects that many of the tokens can be frozen or recovered.

Bankrupt Celsius Leaked Users’ Data

Bankrupt crypto lender Celsius has revealed the transaction history of hundreds of thousands of its customers in a court filing. The 14,500-page long document included information such as customer names, crypto wallet IDs, transaction types and amounts, which services the customer used, and the types and quantities of tokens held. The data leak received widespread condemnation on social media.

Coinbase Released a Documentary Movie

Coinbase CEO Brian Armstrong announced a new film entitled Coin: A Founder’s Story. The movie was created by Coinbase in collaboration with Greg Kohs, a 10-time Emmy award-winning director. The trailer reveals that the movie covers the origin and the rise of Coinbase from its debut in US public ma rkets and features several prominent figures in the industry.

Visa and FTX Launch Crypto Cards

Visa and FTX exchange have teamed up to issue Visa debit cards linked to FTX accounts in 40 new countries. The launch will begin in Latin America, where crypto holders will be able to pay for goods and services using digital assets from their FTX wallets with any one of Visa’s network of 80 million merchants.

Mastercard Launches ‘Crypto Secure’

Mastercard continues to move further into crypto, unveiling a new tool for combating fraud. The new service called Crypto Secure will help banks assess the risks associated with crypto merchants on its network. The product is powered by CipherTrace, a blockchain security startup acquired by Mastercard last year.

Swiss McDonald’s Accept Crypto

Stablecoin issuer, Tether, is collaborating with GoCrypto to bring mass adoption closer for bitcoin, tether, and LVGA, the official local payment token of the City of Lugano in Switzerland. The initiative, dubbed Plan ₿ Foundation, is designed to enable Lugano citizens to use their wallets at McDonald’s and at art galleries with more businesses to join.

Sega to Launch First Blockchain Game

Japanese gaming giant, Sega has announced its first blockchain game. In collaboration with Double Jump Tokyo, the game will be based on a popular arcade game, called Sangokushi Taisen. The structure of the game allows its players to use virtual cards in the virtual field so it lends itself to the implementation of blockchain elements but the details have yet to be confirmed.

Satoshi’s Long-Lost Bitcoin Code Found

A Bitcoin enthusiast has discovered the oldest upload of Bitcoin’s version 0.1 codebase. Jim Blasko’s discovery is the first known, untampered version of Bitcoin and it includes Satoshi’s personal notations. Blasko said that while there may be older existing versions of Bitcoin’s codebase, he believes his discovery is the cleanest original version of Bitcoin.

That’s what’s happened this week in crypto, see you next week.

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