CoinMarketCap News, July 8: The Total Value of Stolen NFTs is Pretty Shocking
Bitcoin

CoinMarketCap News, July 8: The Total Value of Stolen NFTs is Pretty Shocking

3ในการอ่าน
1 year ago

And with criminals targeting Discord channels and crypto wallets on a daily basis, it isn't a threat that's going away anytime soon.

CoinMarketCap News, July 8: The Total Value of Stolen NFTs is Pretty Shocking

สารบัญ

Today's headlines

But first — subscribe to our newsletter.

Listen to the CoinMarketRecap podcast on Apple Podcasts, Spotify and Google Podcasts

Bitcoin eyes biggest weekly gain of 2022 🔥

Bitcoin raced to $22,314.84 on Friday — fueling optimism that the world's biggest cryptocurrency might be turning a corner after weeks of pain. If BTC's seven-day gains are greater than 13.5% by the time of Sunday's close, this would be its biggest weekly gain so far this year. Bitcoin has been dusting itself off after suffering nine consecutive red weekly candles — plummeting to lows of $17,708.62. Nerves over the drama engulfing the Celsius Network also led to a further two punishing weeks in June. Prices plunged 11.02% in the 23rd week of the year, followed by a jaw-dropping 22.85% loss in the 24th week, Coinglass data shows.

Ex-Celsius employee files lawsuit 🚨

A former Celsius Network employee is taking the embattled crypto lender to court. The lawsuit accuses the company of leveraging deposits from customers to "manipulate cryptoasset markets" — and further putting funds at risk by failing to introduce "basic accounting controls." The legal action has been launched by Jason Stone, the CEO and founder of KeyFi. Court filings allege he managed billions of dollars worth of crypto for Celsius, but their relationship broke down when he discovered the firm "used customer Bitcoin deposits to inflate its own cryptoasset called the Celsius token." Celsius is yet to comment on the lawsuit.

New data on stolen NFTs 👀

Shocking new research has exposed the scale of NFT thefts across major collections. On Twitter, @1kbeetlejuice revealed 130 Bored Apes have been marked as stolen or suspicious on OpenSea — rising to 268 Mutant Apes. When it comes to other collections, 202 CloneX NFTs fall into this category. Azuki — which has existed for less than six months — has seen 153 NFTs marked as stolen or suspicious, with 1.5% of supply frozen on OpenSea. Worse still, 70 Moonbirds are already frozen despite the fact this collection has existed for just 10 weeks. Across all six of these collections, the current value of the stolen NFTs stands at 24,000 ETH — about $29 million — based on current floor prices.

Twitter deal in 'serious jeopardy' 😬

Elon Musk's plans to buy Twitter are in serious jeopardy, according to a new report. The Washington Post claims that the billionaire has been unable to verify Twitter's figures on how many spam accounts exist on the social network. Musk's team has now halted discussions surrounding financing for the $44 billion deal. "Potentially drastic action" could be taken by Musk soon — with speculation growing that Tesla's CEO may attempt to wriggle out of the deal. To complicate matters further, Twitter has now revealed that it removes more than one million spam accounts every day. Although this shows that the tech giant is waging war on fake users, this is far higher than the 500,000 figure provided by Twitter's CEO Parag Agrawal back in May.
8 people liked this article