1️⃣ Solana User Wallets Drained of $523K as BONKbot Team Denies Link 🥶
According to a Decrypt report, a string of wallet drainer attacks on Solana over the last day may be tied to Telegram trading bots. The report states that some victims pointed the finger at BONKbot as the most likely culprit source of the exploit. However, the BONKbot team denies that the exploit is tied to their application.
They stated,
BONKbot is SAFE—but there are exploits being triggered elsewhere in the ecosystem! Our logs show that every user account being drained has previously exported their private keys. There are also non-BONKbot wallets being drained. BONKbot users who did not export their keys are SAFE.
2️⃣ Bitcoin Runes Coming to Magic Eden After Ordinals Bet Pays Off ⚡️
Cross-chain NFT marketplace Magic Eden is reportedly planning to support the upcoming Runes fungible token standard on Bitcoin.
Magic Eden co-founder and Chief Operating Officer Z Yin told Decrypt,
We think Runes is going to supercharge the Bitcoin ecosystem even further, opening up a new wave of builders and asset types previously only possible on other layer-1 chains. We have long-term conviction on native Bitcoin activity. It is a no-brainer for us to double down on this ecosystem by adding Runes to our existing Ordinals marketplace, which has already hit $1 billion in volume in 2024 alone.
3️⃣ Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application 🔽
The United States District Court for the District of Wyoming has reportedly ruled against granting Custodia Bank a U.S. Federal Reserve master account and dismissed the digital asset bank’s plea for a declaratory judgment.
The judge stated that federal laws do not require the nation's central bank to give every eligible depository institution access to its master account system, nor did the provided evidence suggest that the Federal Reserve Board of Governors influence a regional branch of the Fed to deny its application for an account. However, a spokesperson for Custodia Bank confirmed that the team was looking at options to challenge the court’s decision, including filing an appeal.
4️⃣ Grayscale Introduces Crypto Investment Fund That Prioritizes Staking Rewards ☄️
Grayscale Investments has announced the launch of the ‘Grayscale Dynamic Income Fund.’ The new fund is reportedly tailored to sophisticated clients eager to expose their portfolios to income generated from staking cryptocurrency tokens. However, it is only available to clients with more than $1.1 million assets under management or a net worth of more than $2.2 million. The fund will reportedly convert staking rewards into United States dollars every week, with distributions planned quarterly for investors
5️⃣ Binance Executives File Suit Against Nigeria: Local Media ‼️
According to local media reports, the two Binance executives who were charged alongside the company earlier this month with four counts of tax evasion by Nigerian authorities, have sued the National Security Adviser, Nuhu Ribadu, and the Economic Financial Crimes Commission for violating their fundamental human rights.
Additionally, Tigran Gambaryan, the head of financial crime compliance at Binance, and Nadeem Anjarwalla, the regional manager for Africa, urged the Federal High Court in Abuja to order the agencies to release them, return their passports and issue a public apology,
Source: COINBUREAU
