Web3 Diaries-Atomic Wallet Hack Losses Top $35 mn
At least $35 million worth of crypto assets has been stolen from Atomic Wallet users since June 2, according to an analysis from on-chain sleuth ZachXBT. The five largest losses account for $17 million.
According to Atomic Wallet on Twitter, the cause of the attack is being investigated. Reports have surfaced of tokens being lost, transaction histories being erased, and even entire crypto portfolios being stolen.
An independent investigation carried out by pseudonymous Twitter ZachXBT, known for tracing crypto stolen funds and assisting hacked projects, has found the largest victim lost $7.95 million in Tether. “Think it could surpass $50m. Keep finding more and more victims, sadly,” commented ZachXBT.
Atomic Wallet claims to have over 5 million users around the world.
Credit Suisse-Backed Taurus Integrates Polygon For Its Tokenization Offering
Taurus, a Swiss crypto infrastructure firm, today announced an integration with the Polygon blockchain network for its tokenization and custody platforms.
The move means Taurus’s clients, which include Credit Suisse and Deutsche Bank, can now leverage Polygon to tokenize any asset, including equity and debt. Polygon becomes the fourth blockchain supported by Taurus’s tokenization platform, following Ethereum, Tezos and Cardano.
There was a high demand to integrate Polygon from clients, “especially large banks,” Victor Busson, chief marketing officer and head of strategic partnerships at Taurus, told The Block. Polygon’s key benefits as an Ethereum scaling network include low fees, increased speed and a “user-friendly smart contract development platform and tools,” Busson said.
Bitcoin more stable than Amazon, Meta shares
If the volatility of Bitcoin prices are bothering you, then the net few minutes of this report will help you understand why you shouldn’t bother much about it.
Price swings are very common and at time exceptionally chaotic among traditional asset classes such as precious metals, fiat currencies and blue-chip stocks.
Bitcoin – the world’s largest cryptocurrency by market capitalization is currently less volatile than shares in tech giants Amazon and Meta.
As per the Block Research, the so-called annualized volatility of bitcoin, which tracks the standard deviation of the last 30 days of daily percentage change in price, is currently resting around 32%.
You need to login in order to Like
