Ethereum User Recovers Lost Assets, Argentina Eyes Crypto Adoption, Celebrity X Accounts Suspectedly Hacked
Summary:
An Ethereum user who lost $7 million in a re-staking attack has recovered 80% of the funds, marking a rare reversal in such attacks. Concurrently, the Argentinean government is set to learn from El Salvador's Bitcoin adoption, with the countries' securities regulators discussing cryptocurrency use and regulations. Furthermore, a possible breakthrough widespread hacking issue arises as celebrity X accounts, including those of Caitlyn Jenner and a pseudonymous investor known as GCR, reportedly promoted various memecoins.
In a rare turn of events, a user who fell victim to an Ethereum re-staking attack, losing approximately $7 million, has recovered 80% of the lost funds. After exploiting a feature in Ethereum permits, the attacker has returned the majority of the stolen crypto assets. SlowMist's co-founder, Yu Xian, remarked on this unusual development. Ethereum permits were exploited in the fraud, with wallet signatures obtained through phishing websites compromised. However, others, like security expert ZachXBT, pointed the blame at the user's alleged negligence.
Meanwhile, Argentina's government is exploring the realm of Bitcoin and cryptocurrencies, and has chosen to learn from El Salvador's example — the first country to adopt Bitcoin as legal tender. The National Securities Commission in Argentina recently met its counterpart in El Salvador to discuss matters of crypto adoption and regulation. The discussions revolved around the use of cryptocurrencies and specifically, the experiences of El Salvador with Bitcoin. Argentina's Foreign Affairs Minister, Diana Mondino, had previously claimed that the nation is considering the legalization of Bitcoin and other cryptos under certain regulations.
Lastly, strings of high-profile X accounts belonging to influential personalities in the industry are suspected of being compromised, leading to a flurry of promotions for various memecoins. Notable victims include GCR, a pseudonymous crypto investor, and Caitlyn Jenner, an American media personality. The latter's account shared posts promoting a memecoin dubbed "JENNER," which has already gained a significant market cap. This incident serves as a caution to observers of a possible wider attack on celebrity X accounts.
Published At
5/27/2024 9:55:12 PM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.