Voyager CEO Stephen Ehrlich wrote on Twitter that he expected that Voyager would "emerge as a stronger company", certainly an optimistic prediction for a crypto broker that froze customer funds with no promise they will ever be able to access them, then filed for bankruptcy.
U.S. Office of Government Ethics issues guidance prohibiting executive branch employees who hold crypto from working on crypto policy
The OGE's purview is limited to the executive branch, meaning that although this impacts White House employees and federal agencies like the Federal Reserve and Treasury Department, it unfortunately does not apply to legislators.
The website advertises specifications for an eventual console that contradict — it will be both 4K and 8K, for example — and promises to integrate Apple's TouchID (despite the fact that Apple does not allow non-Apple products to use that technology). The product's Medium page describes their plans to take pre-orders before the console hardware is built (good sign), and estimates a release date of Q3 2024.
Polium has also gotten flak for its logo, which quite resembles the GameCube logo. Although they claimed in a tweet that "we did not copy the Nintendo's GameCube logo", they also promised to "illustrate a new logo that is original" — apparently acknowledging that theirs is not.
Apparently forgetting the industry they're in, CoinLoan also wrote that their "strategy bars risky activities that could endanger CoinLoaners' funds".
Vauld, which is based in Singapore, also announced that they would be bringing on financial and legal advisors to "explore and analyse all possible options, including potential restructuring options".
- "Corporate statement" by Vauld
- "Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals", Wall Street Journal
Twitter and YouTube accounts for the British Army simultaneously hacked and used to promote NFT and crypto scams
On Twitter, the account details were changed to resemble the Possessed NFT project (as also happened to top Super Smash Bros. Ultimate player MkLeo in March). Tweets from the account announced a "new NFT collection" and linked to a fake minting website, complete with a fake counter showing the number of available NFTs appearing to dwindle.
Meanwhile, the YouTube account was rebranded to resemble ARK Invest, the investment management firm founded by Cathie Wood. It ran a steady stream of fake videos cribbed from an old, real livestream with Elon Musk and Jack Dorsey, but surrounded with borders promoting "double your money" Bitcoin and Ether scams. This is a common YouTube scam, and one such scam earned crypto scammers $1.3 million in 24 hours back in May.
Crema Finance sent a message to the hacker via Ethereum transaction, writing that "you have 72h from now to consider becoming a white hat and keeping $800k as the bounty... Otherwise the police and legal force will officially get involved and there will be endless tracing waiting for you." On July 6, Crema announced that they had reached an agreement with the hacker, who returned most of the funds and kept 45,455 SOL ($1.68 million) as a "bounty".
Although the terms of the "bounty" agreement suggested that Crema Finance would not involve law enforcement, sometimes these things are out of platforms' hands (or they renege on the agreement). On July 11, 2023, the U.S. Attorney for the Southern District of New York announced charges against Shakeeb Ahmed, a security engineer alleged to have perpetrated the theft.
Crema Finance is not to be confused with C.R.E.A.M. Finance, a crypto lending service that was hacked three separate times in 2021 for a total of nearly $200 million.
- Tweet thread by Crema Finance
- Tweet by Crema Finance
- Tweet by Crema Finance
- "Former Security Engineer For International Technology Company Arrested For Defrauding Decentralized Cryptocurrency Exchange", U.S. Attorney's Office, Southern District of New York
Libra-now-Diem ground to a halt after concerns from regulatory bodies and the general public, with Facebook-now-Meta abandoning the project in January 2022. Now they've announced they'll be shutting down Calibra-now-Novi, too, and have advised users to withdraw their balance "as soon as possible". Users won't be able to add money to their accounts beginning on July 21.
- "Meta to Shutter Novi Crypto Payments Wallet in September, Ending Libra Saga", CoinDesk
- "Welcome to Novi", Meta Newsroom
Quixotic is the largest NFT marketplace on Optimism, a layer 2 Ethereum network. Despite being the largest marketplace on the network, it still does fairly little in volume compared to NFT marketplaces on other networks, boasting only around $420,000 in trading volume in the last 30 days.
Quixotic paused marketplace activity after discovering the hack, and promised to reimburse all users who had tokens stolen from them.
Polygon's chief information security officer Mudit Gupta told CoinDesk that day that "no funds [were] lost as far as we know but we are still investigating", and that dApps using the Ankr RPC endpoint were non-functional. Ankr later announced that the RPC systems had been fully restored, and that the breach had come from a "third-party vendor" that enabled attackers to change Ankr's domain hosts.