💻Ledger Compromise Drive Panic Across Web3

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The dust is settling after the connector library of Ledger, the now-controversial hardware wallet manufacturer, was breached by a hacker. Although the exploit has since been rectified and just $480,000 was stolen, the incident sent shockwaves across web3 as users were urged not to interact with any dApps.

In other news, Donald Trump launches "Mugshots" NFTs, Rainbow Wallet vampire attacks MetaMask, LayerZero v2 is live on testnets, Immutable zkEVM will offer gas-free gaming, and Unstoppable Domains is expanding into new regions.

Plus, the cryptocurrencies are bouncing back alongside mainstream markets after the U.S. Federal Reserve foreshadowed interest rate cuts for next year.

✍️ In today’s newsletter:

Ledger fixes connector compromise
Trump's 'Mugshots' NFTs
Rainbow offers 'points' to MetaMask defectors
LayerZero v2's testnets
Gas-free transactions on Immutable zkEVM
Unstoppable looks to Asia and LatAm
Crypto markets bounce back

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Check out our recent interview with a 13-year-old crypto VC to get his bullish thesis for Eigenlayer and restaking. And watch our podcast with Will Warren, the co-founder and CEO of 0x and Matcha, to learn about the Matcha's cross-chain swap functionality.

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