By Shikha Singh
Telegram Bot Banana Gun To Absorb $3 mn Loss From Hack.
Following an 11-attacker breach, bitcoin trading bot Banana Gun will completely compensate consumers who lost $3 million.
Banana Gun momentarily disabled its Ethereum Virtual Machine (EVM) and Solana bots on September 19 because to unlawful wallet transactions.
The first claim said 36 people lost roughly $2 million, but additional examination showed just 11 individuals lost $3 million.
The attackers used a Telegram message oracle flaw to manually transfer ETH while the bots were operational. In response, Banana Gun added a two-hour transmission delay and two-factor verification.
Bybit Launches BUIDL Apprenticeship Program To Nurture Emerging Talent In Crypto.
Bybit created the BUIDL Apprenticeship Program to train marketing professionals.
University students, new graduates, and freelancers (excluding U.S. and Chinese) are invited to join to increase marketing diversity and originality.
Three participants will market cryptocurrencies for 3–6 months, get a monthly stipend, and compete for 6,000 USDT.
Problem-solving, project management, and cooperation skills will be learned via hands-on experience and industry guidance. Application deadline is Oct. 4.
Mt. Gox Wallets Moves Bitcoin From $2.85 bn BTC Stash.
Mt. Gox moved some of its Bitcoin assets, increasing concerns that the collapsed exchange may prepare future consumer reimbursements.
Arkham Intelligence reports that Mt. Gox emptied four wallets after receiving 370 BTC from Kraken.
The exchange owns 44,899 BTC worth $2.85 billion, suggesting repayment attempts.
Turkey Halts Plans For New Taxes On Stocks And Crypto Investments.
Despite 52% inflation, Turkey will not tax stock trading and cryptocurrency gains this year, comforting investors.
Vice President Cevdet Yilmaz said stock taxes are off. Instead of increasing taxes, the government will reduce exemptions.
Turkey became the biggest MENA crypto market in July 2023 to June 2024, processing $136.8 billion in crypto transactions.
CELO Jumps 25% After Project Gains Endorsement From Vitalik Buterin.
CELO, the Celo platform’s native utility token, rose 25% to $0.68 after Ethereum co-founder Vitalik Buterin praised the project’s recent achievement in daily active stablecoin addresses, according to CoinMarketCap.
Artemis, a data science layer for blockchains, said that Celo’s stablecoin use has grown significantly due to app penetration, stablecoin supply, and increasing demand in Africa..
Visa to Help Banks Test Tokenized Assets, Smart Contracts.
Visa has a new platform to let banks issue fiat-backed tokens and explore potential uses.
This program seeks universal standards for bank interactions as more real-world assets are tokenized.
Visa crypto chief Cuy Sheffield said banks may build regulated fiat-backed tokens to provide customers access to on-chain capital markets.
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