Hacker Returns Nearly 5000 ETH and earn 250 ETH
And Michael Saylor would be up $2.5 Billion if he chose ETH over BTC.
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All the crypto news you need to know!
We've got some fascinating articles to share with you today. So grab a cup of coffee, sit back, and let's dive in!
This edition sponsored by Alts (the best alternative investment research):
Crypto Exchange HTX Recovers Stolen Funds and Rewards Hacker with 'Whitehat Bonus
In a surprising turn of events, the hacker behind the exploit on crypto exchange HTX has returned the stolen funds. Not only did HTX recover the approximate 5,000 ETH, but they also rewarded the hacker with a "whitehat bonus" of 250 ETH. This incident highlights the importance of security in the crypto world and shows that sometimes, even hackers can make the right choice. Kudos to HTX for handling the situation with transparency and integrity!
Actually, it was more like a threat. Hackers are aware that everything that happens on the Blockchain stays on the Blockchain. And law enforcement is getting better at finding out the deets.
FTX Co-Founder Reveals Falsified Insurance Fund Balance
During a recent court testimony, FTX co-founder Gary Wang disclosed that the insurance fund balance of the crypto exchange did not align with the actual funds held by the platform. It was made up out of thin air!
This revelation raises concerns about the protection of users' funds on cryptocurrency exchanges. As the trial continues, we hope to see more transparency and accountability in the industry.
Additionally, Caroline Ellison, the jilted some-times lover of Sam Bankman-Fried was asked to prepare 7 fake versions of a spreadsheet balance sheet hiding Almeda’s exposure to FTX.
Can we say SBF is screwed?
Litecoin Hits New Milestone
Don’t sleep on Litecoin.
Litecoin, one of the oldest cryptocurrencies, has reached a significant milestone by processing its 180 millionth transaction. This achievement showcases the stability and reliability of the Litecoin network, which has been operational for nearly 12 years. Additionally, the increasing number of Litecoin transactions with Bitpay merchants indicates growing adoption and usage of the cryptocurrency. Keep an eye on Litecoin as it celebrates its 12th anniversary!
With so many crypto projects that have come and gone, it’s good to see some that actually have fulfilled a real-life use-case.
Did Saylor Bet Wrong?
MicroStrategy's co-founder, Michael Saylor, made headlines with his bold Bitcoin initiative.
However, an analysis suggests that if the company had invested in Ethereum instead, they would have been $2.5 billion in profit instead of facing a $400 million loss. This raises an interesting question about the potential profitability of different cryptocurrencies. While Saylor's Bitcoin bet may still pay off, it's worth considering the potential of other digital assets.
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Wrapping Up:
Today's newsletter covered a range of topics in the crypto world. From the recovery of stolen funds to the importance of transparency in insurance funds, and the milestones achieved by Litecoin, it's clear that the industry is constantly evolving.
We also explored the potential profitability of different cryptocurrencies, highlighting the dynamic nature of the market. Remember, the opinions expressed in these articles are not investment advice, but they provide valuable insights into the crypto landscape.
Stay informed, stay curious, and until next time, happy reading!
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of our newsletter service.