What happened in cryptocurrencies this weekend? ScrgruppEn

Opensea warns API users of a third-party security breach

Non-fungible token (NFT) marketplace OpenSea has warned users that a third-party vendor has experienced a security incident, which could result in users’ OpenSea API keys being exposed.

The NFT platform said it does not expect the security incident to have an immediate impact on users looking to integrate with the platform, a recent email showed.

“However, your key could be used by third parties who will use the price limit assigned to it,” OpenSea explained.

An Application Programming Interface (API) key is a code used to identify an application or user and used for authentication in computer applications. According to OpenSea, its API helps developers build experiences using NFTs and its market data.

The NFT company called on its users to immediately retire their existing key and replace it with a newly generated key that will have the same permissions and price limits as the existing keys.

OpenSea confirmed that existing keys will expire on October 2.

OpenSea did not disclose how many users were affected by the security breach and what other information may have been collected.

On September 20, blockchain analytics firm Nansen revealed a similar hack, which resulted in users losing their emails, passwords, and blockchain addresses.

Nansen said that only 6.8% of its users were affected within the first 48 hours of the security breach.

The two security breaches prompted some Members For the community to think about whether incidents are related to each other.

The founder of Arrington Capital is stepping down from Celisus NewCo

Arrington Capital founder Michael Arrington has confirmed that he will no longer participate on the board of NewCo, the entity that will eventually be owned by Celsius creditors and managed by Fahrenheit.

In X’s post dated September 24, Arrington said he requested the change, but did not go into the reasons for doing so.

As of September 23 DepositInstead, Arrington’s position on NewCo’s board will be filled by Ravi Kaza, an investor and advisor to Arrington Capital.

US Bitcoin Corp, Arrington Capital, Proof Group, Steven Kokinos and Ravi Kaza will participate supply The capital, management team and technology required to help launch the new company, which will be implemented pursuant to Celsius’ Chapter 11 bankruptcy plan.

Arrington – who also founded TechCrunch – did not reveal exactly why he decided to leave, but admitted that some disagreements eventually led him to remove himself from the board.

“I do not agree with some of the decisions that have been made regarding the composition of the Board of Directors and, in particular, the Board of Directors’ observers. That is why I have chosen to remove myself from the Board of Directors.”

The Arrington Capital founder said he is still looking to support creditors and shareholders in the bankruptcy proceedings in other ways.

“Apart from not joining the Board, our investment and active advisory role across Fahrenheit will continue as planned.”

Venezuelan authorities stumble upon Bitcoin miners in prison raid

A recent police raid on a Venezuelan prison led to the seizure of several rocket launchers, bullets, grenades and, interestingly, Bitcoin mining machines, according to reports.

News of the raid on Venezuela’s Tokoro prison was confirmed by Venezuelan military officer Domingo Hernandez Larez in a statement issued on September 20 – but also details Supplied by AFP on September 21.

Agence France-Presse reported that 11,000 police and soldiers stormed the prison run by Venezuela’s Tren de Aragua gang, when they discovered bitcoin miners, among other things:

Authorities revealed that they seized Bitcoin machines, sniper rifles, explosives, rocket launchers and grenades at the scene.

Several videos have appeared on X (formerly Twitter) showing a building filled with Bitcoin mining machines.

Related: Venezuela shuts down cryptocurrency mining facilities and exchanges amid corruption investigations

Earlier this month, Chilean police found 19 Bitcoin mining machines when they raided a house believed to be involved in drug trafficking. According to To local media El Mostrador.

Digital asset platform Mixin Network suffers $200 million exploit

Cryptocurrency platform Mixin Network says its cloud service provider was attacked on September 23, resulting in an estimated loss of $200 million in assets on the mainnet.

The company explained in a statement issued on September 25 that deposit and withdrawal services on the Mixin platform were temporarily suspended as a result.

“After discussion and consensus between all nodes, these services will be reopened as soon as the vulnerabilities are confirmed and fixed. During this period, transfers are not affected,” the platform added.

Mixin Network said that it will announce its recovery plan soon and that Mixin Network founder Feng Xiaodong will explain this incident in a public live broadcast in Chinese on September 25 at 5:00 AM UTC.

Blockchain security firm Slow Mist clarified on September 25 that it was assisting in the investigation, while Mixin Network said it had reached out to Google to assist in the investigation as well.

The Mixin network acts as a peer-to-peer transaction network for digital assets. Founded in 2017 and has garnered over $1 billion in value on its platform, According to To the company’s website.

Other news

US-based law firm Fenwick & West — a firm that previously provided services to the now-defunct cryptocurrency exchange FTX — has refuted a class-action lawsuit filed against it, claiming in a September 21 filing that it did not assist in alleged fraudulent activities at the exchange.

Coinbase has obtained anti-money laundering (AML) compliance registration from the Spanish Central Bank as part of its ongoing expansion across Europe. Spanish users will be able to hold their crypto assets on Coinbase and continue buying and selling cryptocurrencies with euros.

magazine: The best and worst countries for taxing cryptocurrencies – plus tips on crypto taxes

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