Happy Tuesday, Blockfolians
It was a rough one this morning round cryptoland. First, BitMEX went down for more than an hour. This is days after a major lawsuit accusing money laundering and market manipulation against the firm.
That wasn’t the only bad news, however. BlockFi also announced that a hacker had SIM-swapped an employee’s phone and gained access to compromising user account data.
For some, it was another inevitable byproduct of the KYC regime.
Mike Dudas @mdudasBrutal - @TheRealBlockFi breached with "less than half" of retail customers' account activity, e-mail and postal addresses exposed. https://t.co/ryQDzUQHxH
Another good reminder that you can never be too careful out there.
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Highly Relevant Reading
European super-computers have been hijacked to mine crypto
Libra names a former director of FinCEN as its general counsel
High throughput blockchain Kadena has added Chainlink price feeds
Bitcoin is undervalued, at least according to this metric
Square’s bitcoin grant program is helping a project attempting to create a more decentralized protocol for bitcoin mining.
Square Crypto @sqcryptohttps://t.co/iTosm9AuaE
If you want to understand how bitcoin is being used around the world, Matt Ahlborg might be your best follow.
A Really Big Number We Should Be Paying Attention To
That’s the amount of sales of mining rigs NVIDIA tried to pass off as gaming revenue, according to a new lawsuit. Ouch.
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