Mango DAO agrees to pay hacker $47 million
On Oct 12, Mango, a decentralized finance platform hosted on the Solana blockchain, has been exploited for $114 million.
Mango Markets’ DAO has voted in favor of a proposal that will allow an attacker to retain $47 million of stolen funds. Mango Markets also said that it will not pursue criminal charges against the attacker or freeze any funds.
Blockchain.com and Crypto.com restrict Russian-tied accounts
Blockchain.com and Crypto.com have notified users that they are enforcing restrictions connected to Russia.
Blockchain.com will longer provide custodial and rewards services to Russian nationals. Notified users have until Oct. 27 to withdraw custodial funds and rewards — after which their accounts will be blocked. In addition, Crypto.com has already blocked users affected by the EU regulations from accessing the app.
Justin Sun announces combining TRON ecosystem with Heco
After revealing his investment in Huobi Tokens, Justin Sun announced yet another decision on Tron Heco merge. The Tron founder said the Tron and BitTorrent chain ecosystem will now work together with the Heco developers.
HECO Chain (Heco) is a decentralized public chain developed by Huobi that aimed at helping developer evolvement at every stage. In this context, Justin Sun said the ecosystem will pool in funds to bring all Heco developers to build on TRON and BitTorrent chain together.
Bitcoin ATM installations in Europe reach ATH
The number of Bitcoin ATMs in Europe has reached an all-time high, according to data from Coin ATM Radar. The figure stands at 1,459 as of Oct. 12, with worldwide installations at 38,604.
The all-time high in Bitcoin ATM installations comes at a time when the European Union is looking all set to approve the landmark MiCA regulations.
Polygon powers new Indian police complaints portal
Indian Police in Firozabad has developed a web portal for reporting crimes using the Polygon (MATIC) modular blockchain, according to an Oct. 10 announcement.
The police authorities launched a website to make crime reporting easier for residents. With the portal, users will be able to register complaints in an immutable and transparent manner. This means that registered complaints cannot be deleted or edited.
Uniswap Labs valued at $1.66 billion in $165 million new funding
Uniswap Labs has raised $165 million in a new funding round as the parent firm of the world’s largest decentralized exchange looks to broaden its offerings.
Uniswap Labs said it is valued at $1.66 billion in the new funding. Existing backers a16z crypto, Paradigm, SV Angel and Variant also participated in the new round.
Tether eliminates commercial paper from reserves in transparency push
Stablecoin issuer Tether announced Thursday that it was slashing commercial paper, or unsecured promissory notes, from its reserves. It also increased its direct exposure to U.S. Treasuries by more than $10 billion in the last quarter.
Tether has eliminated over $30 billion dollars of commercial paper without any losses. Reducing commercial papers to zero demonstrates Tether’s commitment to backing its tokens with the most secure reserves in the market.
Cosmos team patches new vulnerability before potential exploit
On the evening of October 13, Cosmos founder Ethan Buchman announced that the project had discovered a critical security flaw, threatening all blockchains using the platform’s IBC protocol.
To patch the above vulnerability, all blockchains using Cosmos IBC will have to deploy an update scheduled to be announced at 14:00 UTC on Friday, October 14. Mr. Buchman also did not rule out the possibility of blockchains on the Cosmos network will have to stop working to serve the error recovery process.
Crypto.com invests $145 million into France as it chooses Paris for EU HQ
Crypto.com has announced a €150 million ($145 million) investment into France to support its operations in the country, including a European headquarters in Paris.
Along with the establishment of its EU headquarters in the capital city, the investment will also seek to hire local talent to focus on compliance, business development, and product along with funding marketing efforts in the region said the statement released Wednesday.
ONUS Chain incentivized Testnet Giveaway
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