💻$11 Billion ETH Hacker Identified - TWJ #89
💻$11 Billion ETH Hacker Identified - TWJ #89
Laura Shin & Chainalysis claim to identify the person behind the 2016 hack.
In today’s issue:
The crypto market is down with the global market cap sitting at ~$1.6-1.7 trillion. Global markets continue to stay mixed while crypto slides as multiple uncertainties, market and geopolitical wise, cause market participants to adopt a risk-off attitude.
In other news, Laura Shin-Chainalysis claim to identify the infamous 2016 Ethereum hack, FTX enters the gaming scene, and Amber Group reached a $3 billion valuation.
We’re continually improving our content, please reach out if you have ideas or would like us to recap another segment of the market.
- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆Laura Shin-Chainalysis Claim to Identify 2016 Ethereum Hacker
Prominent crypto-journalist Laura Shin and blockchain analytics firm Chainalysis claim to have identified the hacker behind the infamous “The DAO” hack in 2016, which took approximately 3.6 million worth of ETH (~$10-11 billion as of today).
Who hacked The DAO? My exclusive investigation, built on the reporting for my new book, The Cryptopians: Idealism, Greed, Lies, and the Making of the First Big Cryptocurrency Craze, appears to point to Toby Hoenisch, a 36-year-old programmer who grew up in Austria and was living in Singapore at the time of the hack. Until now, he has been best known for his role as a cofounder and CEO of TenX, which raised $80 million in a 2017 initial coin offering to build a crypto debit card—an effort that failed. The market cap of those tokens, which spiked at $535 million, now sits at just $11 million.
⎆FTX Launches Its Gaming Unit
Crypto giant FTX launched its own gaming unit to encourage game developers and gaming industry players to participate and embrace cryptocurrencies. This move came as gamers’ skepticism towards crypto assets is arguably at an all-time high, with any traditional gaming firms facing backlash whenever they try to integrate some sort of crypto-related incentives. A few months back, the FTX venture arm also decided to allocate $100M into Solana-based blockchain games.
⎆Amber Group Hits $3B Valuation
Led by Singapore’s Temasek, Amber Group announced its $200M raise which values the company at $3 billion. Participants in the round include notable investors such as Sequoia China, Pantera Capital, Tiger Global Management, True Arrow Partners, and Coinbase Ventures. Amber Group provides trading-related products to institutional and retail clients including market-making services, structured products, and advisory services. The firm is reportedly managing more than $5 billion of crypto assets.
👨🏻💻Decentralized Finance (DeFi)
Former Cisco Employee Launches DAO to Buy Denver Broncos
MEV-Explore v1 is live
Tempus is now Live on Fantom
FloorDAO LBP is Live
pSTAKE Finance Brings Liquid Staking and Airdrop to the Cosmos Ecosystem
🏛Governance - Active Proposals
Compound - Risk Parameter Updates for UNI, LINK, MKR, AAVE, YFI, SUSHI
Elyfi - NAP21: Request for verification of ABToken
🦮NFT & Metaverse
Magic Eden Partnership with Overtime
Rising Metaverse Game Pairs Ethereum NFTs With Retro 16-Bit Look
OpenSea Says Phishing Attack Impacted 17 Users
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Symbiosis Finance - Undisclosed $ of Strategic Investment by Binance Labs
Mecha Morphing - Undisclosed $ of Private Round
Gemie - $3.8M Unknown Round
Bullieverse - $4M Unknown Round
Chillchat - $1.85M Seed Round
BuzzAR - $3.8M Seed Round
Tiiik - $5.2M Seed Round
Jambo - $7.5M Seed Round
Amber Group - $200M Extended Series B
⚖️Regulatory Update
Russian Government Introduces Crypto Bill to Parliament
UAE to Issue Crypto Licenses in Bid to Become Industry Hub
California Lawmaker Files Bill to Let State Agencies Accept Bitcoin
📚Noteworthy Reads
David Heinemeier Hansson’s Read on I Was Wrong, We Need Crypto
Jason Choi’s Thread on Quick Thoughts on the Fallout of a Bear Market
Brian Armstrong’s Thread on Coinbase’s Super Bowl Ad
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.