🦎🚀 Stop! Stop! It's Already Dead! 😭

Wednesday, July 12, 2023

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When will it end?

An additional $103 million worth of crypto assets has been transferred out of the Multichain protocol, as reported by Beosin, a blockchain security firm.

This follows a previous incident last week where $126 million was transferred from Multichain in a potential exploit. The total value of unusual outflows now amounts to approximately $230 million, with Circle freezing around $63 million in USDC stablecoin and Tether freezing $2.5 million USDT.

In today's news, we have the FTX customer claims portal going live, CEO of Arkham Intelligence thoughts in a Twitter Space, and Microsoft's partnership with Axelar!

Read on!

Crypto Interest in Africa

Africa's interest in crypto is currently dominated by Nigeria, at almost 8X of the next most interested country.

Crypto interest is uneven across the continent, with 13 of the 54 countries recording no interest in crypto so far this year.

24h Hot Searches Worldwide

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Pepe (1.9%)

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Light at The End of The Tunnel

FTX, a cryptocurrency exchange that filed for bankruptcy, launched a customer claims portal allowing ex-customers to access their account balances as of November 11, 2022.

However, the portal went offline after approximately an hour for unknown reasons. Users can still file a proof-of-claim through Kroll's online customer form or via U.S. mail.

Cointelegraph

Bullish Partnership?

Axelar has partnered with Microsoft Azure to develop Web3 services and enhance interoperability across blockchain networks.

This collaboration will enable developers to leverage Azure to access an Axelar-based blockchain tool that connects decentralized applications (dapps) to networks, services, and developer tools. It will automate multichain deployments for Web3 products and utilize the Axelar General Message Passing (GMP) to integrate applications independent of the underlying blockchains or databases.

CoinDesk

The Jury is Still Out

Miguel Morel, CEO of Arkham Intelligence, a blockchain intelligence company, defended the "Dox-to-Earn" program, emphasizing its purpose of identifying bad actors.

Morel explained that Arkham Intelligence would implement a rigorous vetting process for the data they publicly provide on the platform, encouraging the community to actively contribute and uncover fraudulent activities, potentially leading to reporting these individuals to the authorities.

Decrypt