At Least $35 Million Worth of Crypto Stolen from Atomic Wallet Users [ Crypto Espresso 6.5.23 ]

It's Monday arguably the worst day of The week but here's your host Andrew to Try and brighten it up just a little bit Because I am your host Andrew this is Crypto espresso your teeny tiny daily Shot of caffeinated crypto headlines and Twinkle twinkle little host first up a Major security breach has affected Atomic wallet a decentralized wallet With over 5 million users worldwide According to an on-chain analysis by Exact xbt a pseudonymous Twitter user Who tracks crypto thefts and helps Hacked projects more than 35 million Dollars worth of crypto assets have been Stolen from Atomic wallet users since June 2nd the largest single loss was 7.95 million dollars in tether the Attack has caused various problems for Users such as missing tokens erased Transaction histories and wiped out Crypto portfolios Atomic wallet has not Yet confirmed the cause of the attack But it is working with leading security Companies and blockchain analytics firms To investigate the issue and Trace and Block the stolen funds the team also Asks the victims to provide information About their internet providers VPN usage And Seed freeze storage Atomic wallet is A non-custodial decentralized wallet Which theoretically means that users are Responsible for their own assets and Private Keys the wallet's terms and

Services do not accept any liability for On-chain damages suffered by users Rosebank one of Russia's largest banks Is reportedly venturing into the world Of cryptocurrencies to facilitate Cross-border payments despite being Sanctioned by the U.S treasury Department last year a rosebank has Already conducted pilot transactions Using digital assets involving both Corporate and private clients while the Specific cryptocurrency being used has Not yet been disclosed rosebank is Collaborating with fintech firm be Crypto on the project this move aligns With statements made by Euros bank's Owner Vladimir olgovic potenin who Believes that tokenized assets and a Central bank digital currency could Drive the country's progress in the Digital economy Russia's stance on Cryptocurrencies has been mixed while The Central Bank expressed support for Banning Bitcoin mining and transactions The finance ministry advocates for Innovation and calls for regulation Rather than fully stifling the industry President Vladimir Putin has also Suggested that Russia could become a Bitcoin mining Hub Additionally the Government recently abandoned plans for A state-run crypto exchange opting Instead to regulate private digital Asset companies draft legislation

Proposed by Republican chairs of key Committees in the U.S House of Representatives seeks to establish Oversight for the digital assets sector And provide a path for cryptocurrency Exchanges to register with the U.S Securities and Exchange Commission the Proposed Bill aims to address the Industry's demands by allowing regulated Crypto firms to trade digital Securities Commodities and stable coins in a single Platform while the draft bill has not Yet garnered Democratic support it Acknowledges the sec's continued Authority to determine which assets fall Under its jurisdiction the legislation Also suggests that existing crypto Assets would be exempt from enforcement Actions while Regulators work on Establishing new rules and regulations The proposed legislation not only Addresses the distinction between Commodities these insecurities but also Introduces the concept of a digital Commodity exchange regulated by the cftc The bill reflects ongoing efforts to Modernize crypto-specific oversight and Foster dialogue between Republicans and Democrats with hopes of finding common Ground and shaping comprehensive Regulation in the sector a phishing scam Targeting the followers of Mita murati The CTO of openai has been exposed by Crypto enthusiasts on Twitter the

Scammer hacked murati's verified account And posted a link to a fake website that Claimed to offer a free airdrop of open AI tokens supposedly linked to the AI Firm behind chat GPT the Tweet had Restricted replies and was viewed by Over 79 000 people before it was deleted The website looked similar to a Legitimate project called change EPT but With a malicious twist it asked visitors To connect their crypto wallets and sign Deceptive requests that would allow the Attacker to drain their funds and their Nfts a security researcher from diosin a Blockchain security company warned about The dangers of the wallet training kit Used by the scammer this incident comes As openai announced a one million dollar Grant program for AI driven cyber Security projects The Firm aims to use Artificial intelligence to automate and Improve various aspects of cyber Security such as vulnerability patching Social engineering prevention and user Education and finally Mercado Bitcoin a Cryptocurrency Exchange in Brazil has Received a license from the country's Central Bank to operate as a payment Provider this will allow the company to Launch its fintech service MB pay which Will offer digital banking solutions to Its users using crypto assets MBP will Enable users to invest in a digital Fixed income stake their crypto and

Access other Financial transactions the Company also plans to introduce a debit Card that will allow users to convert Their crypto into fiat currency Mercado Bitcoin is one of the leading crypto Exchanges in Brazil and is part of 2tm Group which also owns other digital Asset platforms such as bit trust and Mubank Brazil has a large and vibrant Crypto Market with several other Exchanges and platforms operating in the Country some of them also have obtained Payment provider licensing is from the Central Bank including crypto.com and Bitso coinbase the largest crypto Exchange in the US has also expanded its Presence in Brazil by partnering with The local payment providers to enable Crypto purchases and withdrawals in Brazilian real and here's a real favor To ask of all of you like this video Subscribe to our YouTube channel and Click on that little bell icon to get Buzzed whenever a new cryptospresso Video goes live thoughts on today's Episode just drop me a line in that Comment section below because I read Them and sometimes I take them far too Seriously questions about our headlines Are crypto in general take the plunge And ask Alex in that description below Alex is always a great resource for all Things web 3 and the metaverse and That about does it for today as always

I've been your host Andrew these have Been your headlines and we'll see all of Your beautiful shining faces two

Coinbase
OUR TAKE

Coinbase is a popular cryptocurrency exchange. It makes it easy to buy, sell, and exchange cryptocurrencies like Bitcoin. Coinbase also has a brokerage service that makes it easy to buy Bitcoin as easily as buying stocks through an online broker. However, Coinbase can be expensive due to the fees it charges and its poor customer service.

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