• Bittrue exploited for $24.4M
BitTrue is a cryptocurrency exchange platform that allows users to buy, sell, and trade a variety
of cryptocurrencies, including Bitcoin, Ethereum, XRP, Litecoin, and many others. The platform
was founded in 2018 and is based in Singapore, with additional offices in the United States,
Japan, and South Korea.
According to their twitter, they have identified a brief exploit in one of our hot wallets on 07:18
(UTC), 14 April 2023. They were able to address this matter quickly and prevented the further
exploit of funds. We take this matter seriously and are currently investigating the situation.
• London Stock Exchange unit to clear bitcoin derivatives
The London Stock Exchange Group (LSEG) is a global financial markets
infrastructure business that operates a range of financial markets, including the
London Stock Exchange, Borsa Italiana, and Turquoise. The company provides a
variety of services, including trading, clearing, settlement, and information services.
London Stock Exchange Group’s LCH division plans to begin clearing bitcoin index
futures and options in a deal with GFO-X.
• Zipmex’s rescue investor plans to return creditors 20 cents on the dollar.
A cryptocurrency exchange platform that allows users to buy, sell, and trade a variety of
cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, among others. The company was
founded in 2018 and is headquartered in Singapore, with additional offices in Thailand and
Australia. They are planning to rescue investors plans to return creditors 20 cents on the dollar.
• Uniswap’s mobile wallet is now live in Apple’s App Store
One popular mobile wallet that supports Uniswap trading is the Trust Wallet. Trust Wallet is a
mobile wallet that supports a wide range of cryptocurrencies and is available for both iOS and
Android devices. It allows users to connect to decentralized exchanges like Uniswap and easily
trade their cryptocurrencies. Bringing Uniswap to your pocket—with the best L2 experience in
crypto.
• The Ethereum Shanghai Upgrade went live
Enabling staked $ETH withdrawals. Large full exits have been minimal, with Kraken accounting
for a significant share as it shuts down its staking operations after settling with the SEC.
Unlocking $34 Billion in Staked ETH, Wednesday night’s long-awaited Shanghai upgrade marks
a major milestone for the second-largest cryptocurrency by market cap.
• FTX is expected to resume operations in Q2, and $FTT spiked as a result FTX Debtors decided to move Ren Protocol’s assets into FTX cold storage wallets
Bankrupt crypto exchange FTX has recovered assets worth $7.3 billion and might
resume operations by the second quarter of 2024. As per FTX attorney Andy Dietderich,
the company is beginning to consider its future after months of labor committed to
gathering resources and determining what went wrong under the leadership of accused
ex-founder Sam Bankman-Fried.
• Mt. Gox repayments to start in March 2023—nine years after collapse
Mt. Gox was a Bitcoin exchange based in Tokyo, Japan that was once the largest Bitcoin
exchange in the world. It was launched in 2010 by Jed McCaleb and was later sold to Mark
Karpelès in 2011.
Nine years since the world’s largest BTC exchange at the time collapsed, its creditors are set to
receive some of the digital assets and yen they lost this month. The Mt. Gox trustee revealed that
the payments are set to start in a week, but some creditors may have to wait up to eight months
before receiving their stash.
Concluding notes:
• Bittrue experienced a $24.4M exploit in one of their hot wallets but was able to address
the issue quickly and is currently investigating the situation.
• London Stock Exchange Group’s LCH division plans to begin clearing bitcoin index
futures and options in a deal with GFO-X.
• Zipmex plans to return creditors 20 cents on the dollar to rescue investors.
• Uniswap’s mobile wallet is now available on Apple’s App Store, allowing users to easily
trade cryptocurrencies on the Uniswap decentralized exchange.
• The Ethereum Shanghai Upgrade went live, enabling staked $ETH withdrawals and
unlocking $34 billion in staked ETH.
• FTX is expected to resume operations in Q2 and has recovered assets worth $7.3 billion,
with debtors moving Ren Protocol’s assets into FTX cold storage wallets.
• Mt. Gox creditors are set to receive some of their lost digital assets and yen nine years
after the exchange’s collapse, with payments starting in March 2023 but some creditors
possibly having to wait up to eight months to receive their stash.
