| The SushiSwap attack continues to ferment; Do Kwon assets are not in South Korea (April 10)-web3资讯-ODAILY

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South Korean prosecutors: Terra executives have more than $300 million in criminal proceeds, and Do Kwon’s assets are not in South Korea

Odaily News South Korean prosecutors said that nine former and current executives of Terraform Labs illegally raised at least 414.5 billion won (about 314.2 million U.S. dollars) from the project, of which about 91.4 billion won belonged to the companys CEO Do Kwon, But it was confirmed that none of his assets were under South Korean jurisdiction.

Local prosecutors temporarily seized assets belonging to Terraform co-founder Shin Hyun-seung, also known as Daniel Shin, including real estate and imported cars. The countrys prosecutors accused Daniel Shin of illegally profiting more than 154.1 billion won from the Terra/Luna project. Do Kwon appears to have exchanged a significant portion of his fortune for bitcoin, transferring it to overseas crypto exchanges. Prosecutors said they had asked Binance to prevent Do Kwon from withdrawing his cryptocurrency. (KBS)

Binance: Will Cooperate with South Korean Prosecutors and Provide Any Help Needed to Investigate Do Kwon

It is reported that South Korean regulators have asked Binance to stop any withdrawal requests related to Do Kwon. Binance also confirmed that they are cooperating with South Korean prosecutors and providing any assistance they need.

Sushi Attack Tracking

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Odaily Xun Paidun tweeted that the SushiSwap RouteProcessor 2 contract has an Approve-related vulnerability, which caused the former Frog Nation CFO 0x sifu to lose more than $3.3 million (about 1900 ETH). Paidun reminds users to revoke the relevant permissions of contracts starting with 0x 044 b 7 as soon as possible to avoid losses.

There are authorization-related vulnerabilities in the Sushi RouteProcessor 2 contract, causing 0x sifu to lose more than $3.3 million

Previously, Twitter user Trust stated that he had carried out a white hat hacking attack and transferred 100 ETH of 0x sifu, and hoped to return it to 0x sifu. 0x sifu can contact him by private message. Trust later tweeted, This is insane. MEV bots deployed contracts and replicated the attack before I saved everything.

At present, 190 Ethereum addresses have approved SushiSwaps problematic contract, and Arbitrum approved addresses may exceed 2,000

Odaily News According to data disclosed by Block Research analyst Kevin Peng, up to now, 190 Ethereum addresses have approved the SuShiSwap problematic contract. Brad Kay, another analyst of the agency, said that the attacker used the yoink function. The attack vector involved a bug in the approval mechanism of the Sushi Swap router contract, allowing unauthorized entities to acquire tokens without proper approval from token owners. (The Block)

SushiSwap contract attack progress: the first attacker has returned 90 ETH

Odaily News MetaSleuth tweeted that the SushiSwap RouteProcessor 2 contract attack caused 0x sifu (sifuvision.eth) to lose 1,800 ETH. The first attacker (0x 9 deff) has returned 90 ETH (stolen 100 ETH). BlockSec helped save 100 ETH, to be returned soon. Also, sifuvision.eth is negotiating with c 0 ffeebabe.eth. Most of the stolen funds went to beaverbuild, rsync-builder and Lido:Execution Layer Rewards Vault.

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Industry news

Binance Backed DOJs Seizure of Virtual Currencies Linked to Crypto Investment Scams

Odaily News According to the official Twitter disclosure, Binance has provided support for the US Department of Justice to confiscate virtual currencies related to encrypted investment fraud. The U.S. Department of Justice has confiscated approximately $112 million worth of virtual currency related to cryptocurrency investment fraud, according to Binance citing a Department of Justice notification. The seizures involved six virtual currency accounts authorized by judges in the districts of Arizona, the Central District of California and the District of Idaho.

Binance also stated that it will continue to work closely with regulators and law enforcement to raise awareness of related fraud cases in order to protect users around the world and help prevent more crimes.

The Mt.Gox repayment window is now open, but the repayment period may be extended

Odaily News The window for Mt.Gox creditors to provide their repayment information has been opened. Still, repayments will take some time and repayment deadlines may change, the Mt. Gox trustees said.

U.S. non-farm payrolls reached 236,000 in March, and the unemployment rate in March hit a record low of 3.5% since January

Odaily News The U.S. March seasonally adjusted non-agricultural employment population was 236,000, expected to be 239,000, and the previous value was 311,000. In the United States, the seasonally adjusted manufacturing employment population in March was -0.1 million, which was expected to be 0.5 million, and the previous value was -0.4 million.

In the United States, the seasonally adjusted government employment population in March was 47,000, compared with the previous value of 46,000. The U6 unemployment rate in the United States was 6.7% in March, compared with the previous value of 6.80%. The U.S. employment participation rate was 62.6% in March, compared with the expected 62.50% and the previous value of 62.50%.

Chances of Fed rate hike in May more than two-thirds after jobs data

Odaily News After the release of the U.S. non-agricultural employment report, the yield on the 10-year U.S. Treasury bond rose 7.50 basis points to 3.365%; the yield on the 2-year U.S. Treasury bond rose 13.2 basis points to 3.953%; The rate rose 4.7 basis points on the day to 3.587%.

Fed interest rate swaps showed more than a two-in-three chance of a rate hike in May following the jobs data. (Golden Ten)

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Project News

Cumulative Mintage of Bitcoin Ordinals Exceeds 1 Million

Odaily News Dune data shows that the cumulative inscription NFT minting volume of the Bitcoin NFT protocol Ordinals has exceeded 1 million, and currently reaches 1,007,163. The current cumulative fee income is 168.2727 BTC, which is about 4,712,064.02 US dollars.

Sentiment: The attacker has returned the funds as agreed, and the user asset return plan will be announced soon

Odaily News The DeFi lending agreement Sentiment issued a statement early this morning saying that it has successfully recovered more than $900,000 in stolen funds. On April 4 UTC, the attackers stole approximately $966,000 in assets. On the same day, the team informed the attacker on the chain that he would be allowed to keep $95,000 as compensation, and if the attacker returned the remaining funds before 8:00 UTC on April 6, no legal action would be taken against him.

Foundry USA, a crypto mining company under DCG, will stop providing free services

Odaily News According to the notice sent to customers on April 6, Foundry USA, an encryption mining company under DCG, will start charging mining pool fees to members from April 19 to April 22. The mining company has been providing services for free since launching the mining pool in 2019.

BendDAOs 1st Anniversary Financial Statement: Operating income is about $2.22 million

The Conflux community initiated a new proposal to deploy Uniswap V3 on the Conflux Network

Odaily News Conflux initiated a proposal in the Uniswap community to deploy Uniswap V3 on the Conflux Network to introduce Web2 users into DeFi, increase penetration in the Asian market, and enter the rapidly expanding Conflux ecosystem.

BendDAOs 1st Anniversary Financial Statement: Operating income is about $2.22 million

Odaily News BendDAO community contributor Unboxing Labs announced BendDAOs first-year financial statement, including cash reserves, loans, NFT (escrow, transfer, and deposit), and other capital information such as equity. According to the report, the annual interest income of BendDAO is 3630.66 ETH, the annual interest expense is 2447.04 ETH, and the operating income is 1183.62 ETH (approximately 2.22 million US dollars). In addition, the basic income is all distributed to veBEND holders.

SushiSwap CEO: US SEC subpoenas and investigations do not mean that any person/entity has misconduct

Last month, Jared Gray received a subpoena from the US SEC for documents and information related to Sushi. In a statement released on April 8, Jared Gray answered the communitys most concerned questions about subpoenas in the form of an FAQ.

Metaverse GameFi and NFT

The virtual real estate of Decentraland purchased by JJ Lin has a floating loss of 91%, and the median transaction price has dropped by nearly 90%

Odaily News According to data from the Metaverse analysis platform WeMeta, the median transaction price per square meter of land in the Metaverse was US$20 in 2017, and this figure will rise to US$6,000 in 2021. However, the median transaction price of Decentraland, the worlds largest metaverse real estate sales platform, has dropped from $45 in 2022 to $5, a drop of nearly 90%.

Instagram will end support for digital collectibles on April 11

Odaily News According to official news, Instagram issued an announcement in its Help Center saying: We have announced that we will gradually end support for digital collectibles. These changes will come into effect on April 11, 2023. The contents of users third-party e-wallets will not will be affected.

At that time, users will no longer be able to create new digital collection posts on Instagram; all collections shared by users will still remain in the form of posts, but will not contain any flash effects and blockchain information, and users can still delete these posts at any time ; Collection posts that are only visible in the Digital Collections tab of the users homepage will be moved to the users private folder.

The total transaction volume of NFT market Magic Eden exceeded 2 billion US dollars

Odaily News DappRadar data shows that the total transaction volume of Magic Eden in the NFT market has exceeded 2 billion US dollars, reaching 2.08 billion US dollars so far, and the number of traders has reached 1,420,187. In addition, the current OpenSea transaction total is about 35.18 billion US dollars, and Blur is about 2.93 billion US dollars.

Gem changed its name to OpenSea Pro, and its daily transaction volume and market share once surpassed that of Blur platform

Investment and Financing

Hong Kong-based NFT trading platform Ubox completes $7 million seed round led by C² Ventures

Odaily News On April 8, Ubox, a Hong Kong NFT trading platform, was officially launched and completed a US$7 million seed round of financing at a valuation of US$50 million. This round of financing was led by C² Ventures, followed by early investors such as Huobi. The angel round funds will be used for platform preparation, technology research and development, team expansion and platform promotion.

Hashkey and Bixin lead Safeheron Pre-A+ round of financing

Odaily News Safeheron, a one-stop open source self-custodial service provider, announced on April 7, 2023 that it completed the Pre-A+ round of financing, jointly led by Hashkey Capital and Bixin Ventures.

The Pre-A+ round of financing will be used to promote engineering implementation and technical research, including new MPC algorithms, TEE hardware isolation technology and institutional-level solutions to meet customers diverse security needs. Safeheron is currently in the process of raising a new round of A round of financing.

Arthur Hayes launches Maelstrom Capital to focus on investing in infrastructure companies

Odaily News Arthur Hayes, former CEO of BitMex, and Akshat Vaidya, former head of corporate development, co-founded Maelstrom Capital. Maelstrom was set up as Hayes’ family office and used its crypto pool. Akshat Vaidya is Head of Investments.

GameFi project Smart Finance completes $3 million in financing, and Web3 venture capital agency DWF Labs invests

Odaily News According to official news, Web3 venture capital institution and global digital asset market maker DWF Labs announced that it has invested $3 million in Smart Finance, a well-known project on the GameFi track. The new funds will be used for Smart Finance to expand its technology updates and expand its community operations capabilities, helping to further its mission of bringing the benefits of automated policy agreements to users around the world.

VC firm Bitkraft raises $220.6 million for its second token fund