Sam Bankman-Fried considered selling FTX equity to Saudi crown prince, says Caroline Ellison

Testimony from the former Alameda Research CEO continued on the sixth day of Sam Bankman-Fried’s criminal trial, delving into potential investments prior to FTX’s bankruptcy.

what's your thought?🤔

Inside Job Suspected As Huobi Wallet Falls Victim To $263,000 Exploit

Source: NewsBtc by Semilore Faleti

According to multiple reports, iToken, formerly known as Huobi Wallet, fell victim to a crypto heist in the last week, leading to the loss of $263,000 worth of users’ assets. The incident draws much attention following recent police investigations into some of Huobi’s former staff.

$263,000 Drained From Huobi Wallet – Could There Be An Internal Involvement?

Providing more insight on this latest exploit, prominent security firm Peckshield reported that this event occurred on October 3, with the drainer stealing a total of $263,000 USDT and 92 TRX minted on the Tron network.

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The fact that the internet is widely available made our data more prone to hackers and cybercriminals.

More individuals envisioned the future of a decentralized and fair internet where they can able to control their own data.

Which is a clear vision of web3, a future of anonymity and freedom from surveillance or censorship.

But, web3 can not be totally embrace without the foundation of trust because users need assurance that their data is being handled with care.

These serious issues can be resolved by Oasis Network with its powerful multi-layered architecture. Oasis can

provide tools for developers who are looking for more advanced features and applications that work seamlessly within decentralized networks which is scalable, reliable, versatile and more effecient.