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Jihoz, the co-founder of crypto gaming platform Axie Infinity, has reportedly been hacked for $9.7 million from two ‘compromised’ personal wallets. Over 3 million RON tokens were drained on the Ronin Network before being sold for ETH, causing a 9% drop in the token’s price, according to data from CoinMarketCap. According to Peckshield, over 3,000 ETH were withdrawn from the game’s Ronin Bridge, which also suffered a loss from compromised keys in 2022. The funds were immediately deposited into crypto mixing service Tornado Cash. This has been a tough morning for me.  Two of my addresses have been compromised. The attack is limited to my personal accounts, and has nothing to do with validation or operations of the Ronin chain. Additionally, the leaked keys have nothing to do with Sky Mavis operations.… — Jihoz.ron (@Jihoz_Axie) February 23, 2024 Read more: Explainer: What to know about crypto mixer Tornado Cash Security firm Ancilia’s initial flagging of the withdrawals su...

Research into “Long COVID” and furthering medical infrastructure development will be the two main focus areas for Buterin. Ethereum co -founder Vitalik Buterin is working with India-based crypto fund Crypto Relief and Polygon co founder Sandeep Nailwal to send $100 million towards COVID-19 research and medical infrastructure development in India. Buterin and Nailwal will receive $90 million in USD Coin (USDC) from Crypto Relief, while Buterin will provide $10 million out of his own pocket to further the cause. The two will then help distribute the funds.  According to a January 2022 Twitter post from Nailwal, Crypto Relief will transfer the funds to Buterin in order for the India-based crypto fund to remain in full compliance with their local laws. The first installment went towards tackling the COVID-19 pandemic in India through “emergency humanitarian relief.” Crypto Relief describes itself as a community-run fund which has delivered financial relief to India during the COVID-19 ...

Sandeep Nailwal, the co -founder of Polygon, the Ethereum scaling platform that recently launched the zero-knowledge Ethereum Virtual Machine (zkEVM), tweeted today morning equating Polygon’s zkEVM with Ethereum, citing “Polygon zkEVM= Ethereum.” Polygon zkEVM = Ethereum — Sandeep Nailwal | sandeep. polygon (@sandeepnailwal) April 6, 2023 Nailwal shared the Twitter post, corroborating the messages posted by Polygon co -founder Brendan Farmer who detailed the Features of zkEVM. Previously on March 27, 2023, the platform announced the introduction of zkEVM Mainnet Beta, describing it as “a momentous occasion for Polygon.” Nailwal commented that the platform needed to be “extremely aligned to the Web3 ethos.” Answering several queries and resolving controversies, Farmer shared a series of tweets yesterday, explaining how “Polygon zkEVM is the closest thing to Ethereum blockspace.” Farmer explained the operations by comparing Ethereum to a “pipe, with the cro...

Top10 News 1. Silvergate Bank to end operations and liquidate link On March 9, Silvergate Capital Corporation said in the document submitted to the SEC that it would end its operation and voluntarily liquidate Silvergate Bank in accordance with applicable regulatory procedures. “The Bank’s wind down and liquidation plan includes full repayment of all deposits. The Company is also considering how best to resolve claims and preserve the residual value of its assets, including its proprietary technology and tax assets.” 2. New York Attorney General Letitia James sues KuCoin exchange link On March 10, New York Attorney General Letitia James filed a lawsuit against KuCoin exchange, accusing it of allowing investors in New York to trade cryptocurrencies without registering with the state. Last month, she filed a lawsuit against CoinEx for similar reasons. At the same time, in a petition, regulatory agencies for the first time claimed in court that ETH is a security. 3. US President Biden’s...

Source: AdobeStock / strixcode Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Regulation news A Tel Aviv court issued a ruling last week allowing Israel's government to seize all the crypto in over 150 digital wallets that it had blacklisted for allegedly funding terrorist groups, a local Israeli media reported. Israeli Defense Minister Benny Gantz said that, since the ruling, the authorities seized $33,500 from digital wallets linked to the militant group Hamas. US Senator Sherrod Brown said on Sunday that US federal agencies must address the cryptocurrency market and “maybe” ban it after the FTX exchange collapse, per NBC. “Maybe banning it, although banning it is very difficult because it will go offshore and who knows how that will work. So this is a complicated, unregulated pot of money in so many ways,” Brown s...