{"id":8117,"date":"2022-10-27T09:15:28","date_gmt":"2022-10-27T09:15:28","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=8117"},"modified":"2022-10-27T09:15:29","modified_gmt":"2022-10-27T09:15:29","slug":"phishing-attack-steals-700-ethereum-moldova-bans-crypto-mining","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=8117","title":{"rendered":"Phishing attack steals 700 Ethereum; Moldova bans crypto mining"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n   <\/p>\n<p><em>The biggest news in the cryptoverse for Oct. 26 includes the theft of over $1M worth of Ethereum by a phishing attack, <\/em><em>Vitalik Buterin\u2019s tweet deeming ZKPs \u201cnecessary\u201d for Ethereum and Binance overtaking Huobi in crypto derivatives trading.<\/em><\/p>\n<h2>CryptoSlate Top Stories<\/h2>\n<p>Over $1M worth of ETH, NFTs stolen in phishing attack<\/p>\n<p>A scammer, \u201cMonkey Drainer,\u201d stole 700 Ethereum (ETH) through a phishing attack over the past 24 hours. The total amount equates to nearly $1.05 million, and the attack was revealed by the on-chain sleuth ZachXBT.<\/p>\n<p lang=\"en\" dir=\"ltr\">1\/ Over the past 24 hrs ~700 ETH ($1m) has been stolen by the phishing scammer known as Monkey Drainer.<\/p>\n<p>They recently surpassed 7300 transactions from their drainer wallet after being around for only a few months. pic.twitter.com\/6vAYBiqCxQ<\/p>\n<p>\u2014 ZachXBT (@zachxbt) October 25, 2022<\/p>\n<p>The attacker created fake websites that appear as legitimate crypto businesses to access the victims\u2019 wallet address keys and login credentials.<\/p>\n<p>Vitalik says making ZK proofs \u2018understandable\u2019 is necessary for Ethereum<\/p>\n<p>Ethereum co-founder Vitalik Buterin Tweeted and said that making Zero-Knowledge Proofs (ZKP) is necessary to keep the Ethereum ecosystem \u201copen and welcoming\u201d to people who don\u2019t understand math.<\/p>\n<p>Referring to ZKPs as a \u201cmoon bath,\u201d Buterin tweeted:<\/p>\n<p>\u201cI\u2019m so happy that Ethereum has such a strong culture of trying hard to make all our moon math as understandable and accessible to people as possible.\u201d<\/p>\n<p>Binance overshadows Huobi in crypto derivatives trading<\/p>\n<p>Crypto derivatives trading increased by 1.54% month over month to reach $2.71 trillion, which compensated for 63.4% of all transactions in September.<\/p>\n<p>Crypto exchange giant Binance was responsible for 60.1% of the derivatives trading in September, while OKX followed as a second with 16.8%.<\/p>\n<p>Historical Monthly Derivatives Volumes<\/p>\n<p>ByBit came third by controlling 11.7% of the whole derivatives market. Huobi, on the other hand, was placed sixth in dominance. This is a great fall since it was the biggest trading platform for derivatives in early 2020.<\/p>\n<p>Australia confirms crypto transactions will be subject to capital gains tax<\/p>\n<p>The Australian government confirmed that cryptocurrency transactions would be taxed soon.<\/p>\n<p>The government\u2019s budget papers for 2022-23 were released, and they considered cryptocurrencies as an asset instead of a foreign currency, which subjected them to taxation.<\/p>\n<p>The lawmakers are currently working on a taxation framework. While Australia didn\u2019t disclose the percentage, it said that the tax legislation will be backdated to income years until July 1, 2021.<\/p>\n<p>Is China about to catalyze the crypto bull market through Hong Kong?<\/p>\n<p>Former BitMex CEO Arthur Hayes examined the relationship between China and Hong Kong in an article he posted on his medium account and implied that China might utilize Hong Kong as a\u00a0 \u201cwindow to the world.\u201d<\/p>\n<p>He wrote:<\/p>\n<p>\u201cHong Kong (a deepwater port at the mouth of the Pearl River Delta) has always been China\u2019s window to the world. Whether it was shipping, capital, or narcotics supplied by the biggest drug dealer in human history (the British Crown,) Hong Kong has historically been where China and the West met.\u201d<\/p>\n<p>Monetary Authority of Singapore proposes new measures to regulate crypto, stablecoins<\/p>\n<p>Two consultation papers were published by the Monetary Authority of Singapore (MAS) on Oct. 26, which summarized the regulatory frameworks for digital payment token services and stablecoin users.<\/p>\n<p>The papers accept that crypto assets are \u201cinherently speculative and highly risky \u201c and aim to limit the activities of digital payment token services.<\/p>\n<p>Hong Kong Monetary Authority announces success and key findings from CBDC project, mBridge<\/p>\n<p>Hong Kong Monetary Authority (HKMA) published its Central Bank Digital Currency (CBDC) project mBridge\u2019s highlights and success on Oct. 26.<\/p>\n<p>The report stated that the mBridge\u2019s six-week pilot program ran between Aug. 15 and Sept. 23. The project facilitated over 160 payment and foreign exchange transactions that were collectively worth around $22 million.<\/p>\n<p>US lawmakers express concern over crypto firms hiring former government officials<\/p>\n<p>A group of five U.S. Democratic lawmakers led by Senator Elizabeth Warren reached out to several financial regulators in the U.S. to ask about the \u201crevolving door\u201d between the U.S. government agencies and the crypto industry.<\/p>\n<p>The group initially said that U.S. citizens should be confident that government policies weren\u2019t created to \u201ccater to the crypto industry\u2019s desire to \u2018avoid the sort of regulatory crackdown it has faced in China and elsewhere.&#8217;\u201d<\/p>\n<p>Moldova bans crypto mining amid energy crisis<\/p>\n<p>Moldova announced banning crypto mining activities on Oct. 26 and pointed at the growing energy crisis as a reason.<\/p>\n<p>Moldova\u2019s Commission for Emergency Situations (CES) released a report to announce the ban, which also disclosed that Moldovan President Maia Sandu ordered government agencies to save electricity. As a result, the CES moved forward with the crypto mining ban.<\/p>\n<h2>CryptoSlate Exclusive<\/h2>\n<p>Op-Ed: Is Ethereum now under U.S. control? 99% of latest relay blocks are censoring the network<\/p>\n<p>After The Office of Foreign Assets Control (OFAC) sanctions Tornado Cash, Ethereum co-founder Vitalik Buterin called validators and asked for validators to be slashed if the sanctions were implied at the protocol level.<\/p>\n<p>However, the number of blocks compliant with the OFAC sanctions increased over the past months. Swat Bitcoin\u2019s Editor in Chief, Tomer Strolight, tweeted about the situation showing that around 63% of all Ethereum blocks were OFAC compliant to draw attention.<\/p>\n<p lang=\"en\" dir=\"ltr\">Why is nobody talking about this? pic.twitter.com\/Nlng6kgHxr<\/p>\n<p>\u2014 Tomer Strolight (@TomerStrolight) October 26, 2022<\/p>\n<h2>Research Highlight<\/h2>\n<p>About 61% of BTC holders are underwater as market stagnation persists<\/p>\n<p>Bitcoin (BTC) recorded its lowest of the bear market at $17,600 on June 22. even though it bounced back to recover to $25,300 and has been lingering at a fairly stable range between $18,100 and $20,500 recently, on-chain data indicates that the majority of Bitcoin investors are still underwater.<\/p>\n<p>The UTXO Realized Price Distribution (URPD) chart demonstrates the existing Bitcoins that last moved within their respective price buckets.<\/p>\n<p>Bitcoin URPD<\/p>\n<p>According to the chart, investors who bought Bitcoin at $17,600 or below consist of only 25% of all token holders. On the other hand, 61% of token holders were underwater when Bitcoin sunk to its lowest.<\/p>\n<h2>News from around the Cryptoverse<\/h2>\n<p>Andreessen Horowitz\u2019s crypto fund sinks by 40%<\/p>\n<p>Venture Capital firm Andreessen Horowitz established a $4.5 billion crypto fund in May 2022. The bear market started soon after, and Horowitz\u2019s fund lost 40% of its market value, as it is reported by <em>Wall Street Journal<\/em>.<\/p>\n<p>BitMex CEO quits<\/p>\n<p>Crypto exchange platform BitMEX\u2019s CEO Alexander H\u00f6ptner resigned from his role, according to <em>Bloomberg<\/em>. BitMex\u2019s CFO Stephan Lutz was named as the interim CEO, while H\u00f6ptner didn\u2019t specify a reason for leaving his role.<\/p>\n<p>Binance launches Binance Oracle<\/p>\n<p>According to an announcement post on BNB Chain\u2019s website, Binance launches an Oracle Network to enable smart contracts to run on real-world data. The BNB Chain will be the first blockchain that\u2019ll use the Binance Oracle.<\/p>\n<h2>Crypto Market<\/h2>\n<p>In the last 24 hours, Bitcoin (BTC) increased by +2.47% to trade at $20,753, while Ethereum (ETH) also spiked by +4.84% to trade at $1,562.<\/p>\n<h3>Biggest Gainers (24h)<\/h3>\n<h3>Biggest Losers (24h)<\/h3>\n<h2>Get an Edge on the Crypto Market \ud83d\udc47<\/h2>\n<p>Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits   <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/cryptoslate-wrapped-daily-phishing-attack-steals-700-ethereum-moldova-bans-crypto-mining\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The biggest news in the cryptoverse for Oct. 26 includes the theft of over $1M worth of Ethereum by a phishing attack, Vitalik Buterin\u2019s tweet deeming ZKPs \u201cnecessary\u201d for Ethereum and Binance overtaking Huobi in crypto derivatives trading. CryptoSlate Top Stories Over $1M worth of ETH, NFTs stolen in phishing attack A scammer, \u201cMonkey Drainer,\u201d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-8117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/8117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8117"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/8117\/revisions"}],"predecessor-version":[{"id":8119,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/8117\/revisions\/8119"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/8118"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}