VeChain loses $6.6 million in VET tokens to hacker in attack on buyback wallet...
One week in review:
Dec. 9–15 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: | | #1 VeChain loses $6.6 million in VET tokens to hacker in attack on buyback wallet | | | An unknown hacker has redirected a whopping 1.1 billion VET tokens from the VeChain Foundation's buyback wallet to a personal address. The crypto was worth an estimated $6.6 million at the time, with the company stressing that the security integrity of its mainnet and official mobile wallet has not been affected. In a statement, VeChain said "human error and the mismanagement of the private key by our staff" was to blame for Dec. 13's incident. | | #2 Russia: Darknet marketplace plans $146 million ICO for global expansion | | | Now here's a surreal story: The biggest darknet marketplace in Russia has unveiled plans to raise $146 million in an initial coin offering — a token sale that would be almost certainly illegal. Those behind the site, which is called "Hydra," say they need the funds to go global and "start a new era in the West" at a scale that is "hard to imagine." | | #3 QuadrigaCX victims request proof of Gerald Cotten's death by exhuming body | | | The surreal news doesn't end there. A Canadian law firm has asked police to conduct an exhumation and post-mortem autopsy on the body of Gerald Cotten, the late owner of the now-defunct exchange QuadrigaCX. Cotten reportedly died in India from complications relating to Crohn's disease last December, and he was the only person with the private keys to wallets that held $190 million in user funds. Rumors have been swirling that the entrepreneur could have faked his own death. Lawyers at Miller Thomson believe their request is appropriate given the "questionable circumstances" around his passing and "the need for certainty around the question of whether Mr. Cotten is in fact deceased." | | #4. Prediction of the Week Silk Road darknet marketplace founder: BTC will reach $100,000 in 2020 | | | Ross Ulbricht, who is serving a life sentence for his role as founder of a now-defunct anonymous darknet marketplace, believes BTC is going to soar to $100,000 in 2020. He penned a series of letters from his prison cell that were adapted into blog posts on the outside. Ulbricht used a type of market analysis known as Elliott Wave Theory in order to make the prediction — and claimed it was possible even without knowing Bitcoin's day-to-day price movements and the general condition of the market. | | #5. FUD of the Week Libra updates white paper and removes dividends for Libra Association | | | The white paper for the proposed Facebook stablecoin was quietly updated this week. One of the biggest changes is the removal of dividends payable to the Libra Association members who became early investors. This means that any interest on assets held in reserve will now only be used to "cover the costs of the system, ensure low transaction fees, and support further growth and adoption." The tweak eliminates a potential conflict of interest between members of the not-for-profit association and the currency's end users, as it removes any incentive to load up the reserve with higher-risk assets that could cause Libra tokens to lose their value. | | #6. FUD of the Week Weibo continues rage at Tron and Binance: Sun and Yi He blocked | | | The major microblogging site Weibo — often referred to as "Chinese Twitter" — has suspended the accounts of Tron founder Justin Sun and Binance co-founder Yi He. Visitors to their pages are now greeted with a notice that says: "The account has been blocked due to violations of laws and regulations and the relevant provisions of the Weibo Community Convention." It comes weeks after Weibo blocked the official account of Binance, one of the world's biggest crypto exchanges. | | Feel free to explore the most important news with Hodler's Digest by Thomas Simms:
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