The Breakdown The Incredibly Weird Certik-Kraken Exploit
Jun 21, 2024
Explore the $3m hack involving Certik and Kraken, sparking debates on white hat intentions. Learn about the dropped SEC investigation on Ethereum, signaling relief but pushing for regulatory clarity. Delve into Kraken's exploit disclosure and the aftermath of a critical bug impacting user balances.
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Trump Meme Coin Saga
- Martin Shkreli promoted a Trump meme coin, claiming collaboration with Barron Trump.
- On-chain analysis revealed links to Shkreli's previous token and large sell-offs, causing the price to collapse.
SEC Drops Ethereum Investigation
- The SEC dropped its investigation into Ethereum, signaling a potential shift in regulatory stance.
- This doesn't confirm ETH as a non-security, but it's a positive step for the crypto community.
Certik-Kraken Exploit
- Certik, a security firm, exploited a bug in Kraken, resulting in a $3 million loss.
- Certik claims it was a security test, while Kraken alleges extortion and has involved law enforcement.