Evening News | BitKeep users affected by theft can fill out a compensation form; Defrost Finance releases the process for refunding stolen funds
HSBC and Fidelity have submitted multiple trademark applications related to NFTs and the metaverse; the founder of Waves has released the Waves 2.0 plan.Organizer: Cookies, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. BitKeep: Stolen Users Can Fill Out Claim Forms, Part of Hacker's Transferred Funds Frozen
Multi-chain wallet BitKeep announced in its Telegram group that the team has been actively handling the incident since it occurred. Progress has been made, and part of the hacker's transferred funds has been frozen. BitKeep will do its utmost to help users recover their assets. Additionally, stolen users can fill out their information in a form, and the team hopes that affected users will actively cooperate with the official investigation initiated in the community.
According to a previous report by ChainCatcher, blockchain security auditing firm Beosin monitored that the BitKeep hacker had transferred $3.8 million of stolen funds to Ethereum. (Source link)
2. Defrost Finance Releases Specific Process for Refunding Stolen Funds to Affected Users
Defrost Finance published details about the refund process on its official blog, stating that all V1 hacked funds have been returned. The Defrost team will soon begin refunding these assets to their legitimate owners before the attack. The main measures to be taken in the coming days include: 1. All ETH in the addresses will be converted to stablecoins (possibly DAI) at on-chain market prices. 2. All stablecoins will be transferred from Ethereum to Avalanche. 3. The team will start scanning on-chain data to identify token ownership information before the hack. Detailed information will be announced after the scanning work is completed. 4. A refund smart contract will then be deployed. Legitimate users will be able to request their assets back in the form of stablecoins to the same address. (Source link)
3. HSBC and Fidelity Submit Multiple Trademark Applications Related to NFTs and the Metaverse
HSBC has submitted trademark applications to the U.S. Patent and Trademark Office (USPTO) for digital currency products and services, including those related to the metaverse and NFTs, such as sending, receiving, converting, and storing digital currencies.
The trademark applications also detail several products and services related to the metaverse, such as facilitating secure payment transactions electronically in the metaverse, providing banking services in the metaverse, and processing transactions for virtual credit cards, virtual debit cards, virtual prepaid cards, and virtual payment cards in the metaverse, as well as downloadable digital files certified by NFTs.
Additionally, according to U.S. trademark attorney Mike Kondoudis on Twitter, financial services giant Fidelity has just submitted a series of trademark applications covering NFTs, NFT marketplaces, metaverse investment services, virtual real estate investment, and cryptocurrency trading, aiming to enter the metaverse market. (Bitcoin.com)
4. Waves Founder Releases Waves 2.0 Plan, Including Stablecoins Governed by DAOs and SafeFi Models
Waves founder Sasha Ivanov released the narrative plan for Waves 2.0 in 2023 on Twitter, including achieving TPS breakthroughs of over 1000 on L1 using a probabilistic consensus POS mechanism while maintaining full decentralization, using multi-chain EVM L2 as a bridge between different L1s, launching a Power DAO platform governed by KPIs, a DeFi model called SafeFi based on predictable behaviors and risk/return ratios, and launching stablecoins governed by adaptive DAOs.
According to a previous report by ChainCatcher, Sasha Ivanov stated that a new stablecoin will be launched, and a USDN de-pegging solution will be initiated beforehand. According to Coingecko data, the current price of USDN is $0.457. (Source link)
5. Nexo Proposes Final Acquisition Plan for Vauld, No Longer Requiring Creditors to Convert Account Balances to Nexo Tokens
According to The Block, Nexo proposed a final acquisition plan for Vauld in an open letter, with changes related to performance indicators (KPIs) concerning user withdrawals. The previous proposal required users to have at least 2 times their account balance in turnover or at least $10,000 in transaction volume to withdraw funds. The final proposal has changed to require at least 5 times the account balance in turnover, with no minimum transaction amount.
Additionally, Vauld creditors were previously required to convert at least 20% of their account balances to Nexo tokens and lock them in a fixed deposit of at least $1,000 for at least 12 months. The final proposal has no minimum deposit size.
It is reported that Nexo managing partner Kalin Metodiev previously denied reports that negotiations regarding a potential acquisition of rival crypto lending platform Vauld had ended. The open letter also accused Vauld's financial advisor Kroll of distorting and manipulating Nexo's previous proposals when submitting to creditors. (The Block)
6. H Digital Exchange Virtual Currency Fraud Case Involves 220 Million Yuan, 15 Defendants Sentenced to 3 to 13 Years
The first-instance verdict of the H Digital Exchange virtual currency fraud case prosecuted by the Shenzhen People's Procuratorate has been announced, with 15 defendants sentenced to fixed-term imprisonment ranging from 3 to 13 years. The series of cases involved nearly 1,500 victims, with a total fraud amount of 220 million yuan.
It is reported that the defendants set up the H Digital Exchange platform illegally on servers located overseas and operated trading of their self-created U coin to defraud investors. They distributed enticing and deceptive promotional materials for the platform through events like the "Chain Business Festival" and manipulated the price of U coin from the initial issuance price of 0.25 yuan per coin to as high as 1.31 yuan per coin. Subsequently, the U coin continuously declined to nearly zero market value, until it became untradeable. (Source link)
7. Taobao Launches First Metaverse Live Streaming Room, Expected to Go Live Before the Spring Festival
Recently, Taobao is conducting final tests for its first metaverse live streaming event. If all goes well, the project is expected to go live during the New Year goods festival. Relevant visuals show that users will be able to enter a virtual space directly through the Taobao App, watch the live stream on a large screen in a virtual city square, and after placing an order, receive delivery packages just like in a normal live streaming shopping experience. (36Kr)
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
Recently, crypto data site RootData released a compilation of projects titled “List of Dead Crypto Projects in 2022,” which includes 96 crypto projects that died this year, all of which had specific products but ceased operations for various reasons. This list reflects the development status of the crypto industry to some extent. Among these projects, 28 had received funding, with a total funding amount reaching $3.605 billion. These bloody cases are worth deep reflection by the industry, and this article will review these crypto projects that died in 2022.
2. “The First Five Years of MEV: The Past and the Future”
This article is a narrative history of MEV written by James Prestwich, founder and CTO of Nomad. He introduced MEV to Ethereum narrative five years ago, and five years later, when he writes this article about MEV, it still feels a bit unreal. We are once again at the beginning of a long bear market, deeply trapped in the aftermath of the last speculative frenzy.
3. “Lyn Alden Year-End Summary: A Critical Study of DeFi, Is DeFi Really the Future?”
After the collapses of Luna, Celsius, Voyager, 3AC, and FTX/Alameda, many analysts in the crypto industry have stated that DeFi is a potential solution. This article analyzes this viewpoint, acknowledging that DeFi has certain opportunities but also critically evaluates the current state of the entire industry. Additionally, this article touches on other concepts in the cryptocurrency industry, including Web3, NFTs, tokenized securities, and the broader issue of creating cryptocurrencies that serve no purpose other than enriching founders.
4. “Five Predictions for the Ethereum Ecosystem in 2023”
2022 is destined to be an important year for crypto. With institutional capital pouring into crypto-focused projects, exciting new financial vernacular being developed, and the legitimacy of crypto as an asset class continuously strengthening globally, the industry seems to have undergone a significant transformation. So, what does this mean for the crypto industry in 2023? This article makes five predictions for the Ethereum ecosystem.
