1. LlamaRisk recommends reducing WBTC LTV to 0 to prevent additional borrowing with WBTC collateral
Following Makerdao, LlamaRisk published a proposal in the AAVE community. Due to concerns about BitGo's custody transfer of WBTC, it is recommended to reduce WBTC LTV to 0 to prevent additional borrowing with WBTC collateral without affecting the positions of existing users. Previously, there have been proposals to add Coinbase's cbBTC to the Aave v3 protocol on the Mainnet master instance and Base, and to add Threshold Network's tBTC to the Aave v3 protocol on Ethereum, Arbitrum, and Optimism. However, the AAVE community also has different views on this proposal. According to The Defiant, ACI founder Zeller and some community representatives opposed this radical proposal and called for a more cautious response.
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2. Cryptocurrency trading platform BingX is suspected of being hacked
BingX, a cryptocurrency trading platform, is suspected of being hacked, and has found that more than $13.6 million of abnormal funds have flowed out to a suspicious address. BingX's large-scale abnormal outflows continue, and hackers are selling various altcoin assets on the chain and transferring some assets to other addresses. The stolen funds are currently at the address starting with 0x1Dd7, totaling 5,300 ETH, 4,100 BNB and 1.65 million MATIC, with a total loss of more than $43 million. BingX has confirmed that there has been asset losses, but the amount is small and is still being calculated. Withdrawals have been temporarily suspended, and emergency inspections and wallet services have been carried out.
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3. Ethereum Foundation sold 300 ETH today
The Ethereum Foundation sold 300 ETH in the past 15 minutes, worth about $760,000, with an average selling price of $2,543. Since the beginning of September, the Ethereum Foundation has sold 950 ETH ($2.27 million) at an average price of $2,392, with a sale every 4-7 days.
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4. Among the top 300 tokens on CoinMarketCap, only 42 outperformed BTC
Only 42 of the top 300 tokens on CoinMarketCap have outperformed BTC so far in 2024. 11 of the top 15 tokens are MEME. 20 of these tokens were listed on Binance last year or earlier, and another 5 were listed on Binance in 2024.
5. German government shuts down 47 cryptocurrency exchanges suspected of being involved in illegal activities
The German Attorney General's Office (Generalstaatsanwaltschaft) in Frankfurt and the country's Federal Criminal Police Office (BKA) have shut down 47 cryptocurrency exchanges suspected of being involved in criminal activities such as money laundering. The BKA said that these exchanges deliberately failed to fulfill their obligations to conduct identity and background checks on customers, also known as KYC requirements, including Xchange cash, 60cek, Baksman and other exchanges.
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