🔱CertiK In Hot Water After Siphoning $3M From Kraken
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CertiK, a blockchain security firm, is facing severe backlash after quietly siphoning $3 million in assets from Kraken, a top U.S. centralized exchange. CertiK claims it was merely researching the extent of a vulnerability before alerting the platform, but Kraken said the firm tried to hold the $3 million “hostage” while demanding a bug bounty.
Airdrop season is well and truly in full swing. LayerZero’s ZRO token debuted at a $1.1 billion valuation, EigenLayer launched EIGEN claims for all Season 1 points holders, Blast is readying to drop a token next week, and Mitosis launched a points program for early adopters.
Plus, crypto markets bounce as the SEC winds down its investigation into Ethereum, Martin Shrekli gets outed as the Trump-themed DJT memecoin creator, and Konami taps Avalanche for a Japan-focused NFT marketplace.
✍️ In today’s newsletter:
- CertiK returns $3M to Kraken
- Kraken accused CertiK of holding stolen funds hostage
- ZRO launches at $1.1B market
- LayerZero community complains about airdrop allocations
- Phase 2 EIGEN claims are live
- Blast to launch token next week
- Mitosis announces points campaign
- Digital assets up as SEC drops ETH investigation
- ‘Pharma bro’ outed as DJT creator
- Konami to launch Yen-based NFT marketplace
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📈 Markets in the last 24 hrs:
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💰Certik Returns $3 Million To Kraken Amid Controversy For Holding Funds ‘Hostage’
CertiK returned the $3 million it pilfered from Kraken while conducting “research” after facing widespread backlash from the web3 community. The incident has onlookers concocting conspiracy theories, with some community members suggesting CertiK may operate as a front for North Korean hackers.
🔫Certik Holds $3 Million ‘Hostage’ From Kraken as Exchange Threatens Employees
Kraken said it was extorted by CertiK after the security firm exploited a vulnerability on the platform to take $3 million in illegitimately obtained assets. Kraken said CertiK sought to use the funds as leverage to guarantee a bug bounty payout, without which no repayment would be made.
🚀ZRO Trades At $1.1B Market Cap After LayerZero Launches Claims
LayerZero’s long-awaited ZRO token is finally live after the project began airdropping tokens to 1.28 million wallets. ZRO is off to a strong start, with the token commanding a $1.1 billion market cap and a $4.3 billion fully diluted valuation within an hour of launching.
☹️️LayerZero Airdrop Allocations Disappoint DeFi Users
Many LayerZero users are unhappy with the project’s long-awaited airdrop, with many users complaining about the size of their allocations. One user ranking among the top 0.13% of users shared that they qualified for 39.28 tokens — equating to roughly $135 at current prices.
🪂EigenLayer Launches Claims For Second Phase Of Season 1 Airdrop
EigenLayer launched claims for the second phase of its Season 1 airdrop, allocating tokens to LRT protocol users. The project added it will soon release details regarding its upcoming Season 2 allocations.
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Nexo’s Hunt for $13M in NEXO Tokens airdrop rewards users for their engagement on the Nexo platform. Participants earn points through activities like exchanging crypto and using a multitude of services on the Nexo platform. While the campaign ends soon, on July 7, it still offers latecomers a chance to accumulate significant points through multipliers, giving you a good shot at a larger share of the airdrop.
New users receive a 5x multiplier, and additional multipliers include up to 2x for being a part of Nexo’s Loyalty program, and more. So if you’re looking to get in on an airdrop, this might be just the thing, check it out.
READ MORE: NEXO’S $13M AIRDROP: LATECOMERS CAN STILL WIN BIG
💥Blast Readies To Airdrop Tokens Next Week
Blast urged points holders to interact with its dashboard in order to qualify for its airdrop on June 26. Blast’s token generation event will evenly split airdropped assets between developers and users.
🥅Modular Liquidity Protocol Mitosis Kicks Off Next Phase of Airdrop Campaign
Mitosis, an LRT-focused liquidity protocol on Cosmos, is also getting in on airdrop season with the announcement of a points campaign for early adopters. The protocol’s TVL has already jumped 300% in the past month to $34 million.
📈Crypto Markets Bounce after SEC Closes Ethereum 2.0 Investigation
Digital assets enjoyed bullish momentum in response to news that the SEC is abandoning its investigation into whether Ethereum is a security. The bounce came in spite of $152 million exiting spot Bitcoin ETFs.
🔎Analyst Pins Martin Shkreli as the Potential Creator of the Donald Trump Memecoin
Martin Shkreli, a convicted felon currently facing a lawsuit from PleasrDAO, has been outed as the founder of DJT — a memecoin that briefly rallied amid unsubstantiated rumors the token was connected to the Trump family. Shkreli was outed after Arkham, an on-chain intelligence firm, offered a $150,000 bounty in exchange for proof of DJT’s creator’s identity.
🎮Konami Taps Avalanche For Yen-Based NFT Marketplace 'Resella'
Konami, the popular Japanese video game developer, is launching a Yen-based NFT marketplace leveraging Avalanche’s subnet infrastructure. The marketplace won’t support web3 wallets and aims to onboard established mainstream brands from the gaming sector.
🌍 ELSEWHERE
- The CFTC is probing Jump Crypto, previously one of the sector’s biggest players (Fortune)
- UK Regulator FCA Arrests Two People Associated With 1B-Pound Illegal Crypto Business (CoinDesk)
- MicroStrategy buys additional 11,931 bitcoin for $786 million (The Block)
- Jupiter Co-Founder Meow Proposes 30% Cut to JUP Supply, Sparking 7% Gain (Unchained)
🔥 TRENDING
- Ethereum NFTs Crater as Blur Incentives Wind Down
- Old Addresses Holding BTC Hit All-Time High While New Wallets Are at Lowest Since 2018
- “It Might Be Hard Explaining Future Devs Why We Did These Things With OP_CAT” Says BIP Author
- Markets Drop as Altcoin Liquidations Top $440 Million
- Base Network Surpasses Binance Chain in Active DEX Users
- Trade TON Memecoins Like a Pro (3 DEGEN TIERS)
- Tether Looks To Compete Against DeFi With Upcoming Synthetic Asset Platform
- Is Hamster Kombat Onboarding the Masses Into DeFi?
- Coinbase Advanced to Offer Pre-Launch Token Trading
- PleasrDAO Suing Martin Shkreli Over IP Rights Is a Sign of a Maturing Ecosystem
- Crypto Markets Trade Lower as Institutions Offload Millions in Bitcoin
- Soaring Xai Adoption Propels L2 and L3 TVL To All-Time High
- Nearly Half Of Airdropped ZkSync Tokens Claimed In Just Two Hours
- DeFi Founders Using DeFi to Buy Mansions is Not the Problem
- ETH Exchange Balances Hit Eight-Year Low as Investors Prepare for Rally
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