2022-02-03

Daily Digest – February 3rd

• Another DeFi Hack Sees Wormhole Exploited of $320 Million

• Grayscale Investment Launches Equity ETF to Track the Digital Economy

• The IRS Won’t Tax Unsold Staking Rewards, U.K. Tightens DeFi Tax Scheme

• Biggest Miner in Texas Shuts Down Operations Ahead of Winter Storm

• Don’t Listen to Celebs Trying to Sell Crypto During Super Bowl: Binance

Wormhole Suffers Second-Biggest DeFi Hack, $320 Million in wETH Stolen

Although decentralized finance (DeFi) has been billed by many as the future of money, the vulnerability of DeFi protocols has remained a dint in the image of the nascent sector.A week after it was reported that Qubit Finance had lost $80 million in a hack, network bridge protocol, Wormhole, has become the latest victim in the increasingly worrying trend of defi hacks... 

Malware Alert: Mars Stealer Attacks Crypto Wallets And 2FAs

New dangerous malware targets browser-based cryptocurrency wallets. The malicious software  called Mars Stealer is capable of stealing private keys and logins to 2-Factor Authenticator (2FAs) plugins.Its targets include widely used browser-based cryptocurrency wallets like MetaMask, Coinbase Wallet, Nifty Wallet, Ronin Wallet, MEW CX, Binance Chain Wallet,  TronLink and around 40 other cryptocurrency wallets...

NFT Market Is Being Used for Money Laundering, Says ChainalysisNFTs are being used in criminal activities by individuals and businesses around the world, just like cryptocurrencies.

More than $1 Billion in Ethereum Burned During Past 30 Days…Thanks in Part to OpenSea

According to Ethereum tracking website,  UltraSound.money, a total of $1.079 billion of Ethereum (ETH) fees were burned during the month of January. A “fee burn” is an automated “self-destruct” mechanism which permanently removes a percentage of ETH-based fees, which used to be paid to miners as reward for their “Proof of Work” protocol as they validated transactions on the Ethereum blockchain...

That's you all up to date. But if you're hungry for more crypto news and insights, there's always more on our website.And feel free to reach out to us at [email protected] with any questions or comments.Until next time,Tadas