...and is definitely not an enormous grift that's pouring lighter fluid on our already smoldering planet.
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However, hours after the auction, a hacker gained access to Murray's crypto wallet and snagged the ETH for themselves. They also attempted to steal 800 NFTs from the remaining collection by Bill Murray, though a wallet security team was able to safeguard those NFTs in time.
Murray's team confirmed the theft, and said they are working with the police and Chainalysis to identify the hacker.
Kyber identified and remedied the issue after two hours of investigating it, and only two wallets were affected. Kyber promised to compensate the users who lost funds, and also tried to tempt the hacker into returning funds by allowing them to keep 15% of the stolen money as a "bounty" (~$40,000).
This news came amidst the announcement that Snap would be laying off 20% of its staff, a whopping 1,300 people.
Since April, Babylon tried to recover from the hack. However, they described it as "the domino that kickstarted a series of unfortunate events". Rari canceled their planned reimbursement, users withdrew their funds from Babylon Finance, the Fuse pool on Rari was abandoned, and the token price decreased from around $20 to around $5.
On August 31, Babylon Finance's founder Ramon Recuero published a blog post announcing that Babylon would be shutting down. They promised to distribute the remaining project treasury among holders. Users were told to withdraw their funds by November 15.
Although Roche has denied the claims by the site, and stated that someone deliberately got him drunk and then took clips of videos out of context, it probably doesn't look so good for a lawyer to be referring to jurors as "10 idiots", or plaintiffs in class-action lawsuits as "100,000 idiots".
Now, Helium is ditching its custom Helium chain in favor of a Solana-based token, and scrapping the blockchain entirely for the portions of its service that actually used the blockchain for anything beyond handling rewards.
Helium seems to have realized, finally, that blockchains tend to be slow as hell. In a blog post about the change, they wrote that "specific transactions, including Proof-of-Coverage and Data Transfer Accounting, are processed on-chain unnecessarily. This data bottleneck can cause efficiency issues such as device join delays and problems with data packet communications, which bloats the Network and causes slow processing times." They outline their plans to move these portions of the project to a "more traditional large data pipeline" — that is, infrastructure that's actually well-suited to that kind of processing.
DC permits the court to impose "treble damages" on Saylor if he is determined to have evaded the taxes he owes, which could end up costing him and MicroStrategy more than $100 million in taxes and penalties.
His plan to somehow work off anywhere from $24 million to $2.5 billion in debts was stymied when he was apprehended by Albanian authorities. He faces extradition to Turkey, where a prosecutor has asked for sentences of 40,564 years for him and other executives (just in case, I guess).
The SEC reported that Wajanasathian had purchased around $61,000 of Bitkub Coin ($KUB) just before it was publicized that the Siam Commercial Bank would purchase a 51% stake in Bitkub. After the announcement, the value of KUB rose 100%.
Earlier that week, the SCM had announced they would not be following through on purchasing the planned $500 million stake in Bitkub, due to concerns over "various issues" that were raised by the Thai SEC.
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