Web3🌕Monday Buzz: DeltaPrime Theft, Crypto Market Moves, Phishing Alerts, and Circle-Sony USDC Launch
1. DeltaPrime hit with a $6M crypto theft following a private key leak
2. Bitcoin and Ethereum dip after another Trump assassination attempt and before the Fed’s interest rate decision
3. DuckDuckGo shows Etherscan phishing sites in top search results
4. Circle and Sony launch USDC on Soneium Blockchain for creators
Read on for more details! 🚩
Happy Monday! As we kick off the week, let's dive into the latest in the Web3 world. Today's headlines are brimming with significant developments. DeltaPrime, a major crypto broker, has suffered a massive $6M theft due to a private key leak, shaking the crypto community. Meanwhile, Bitcoin and Ethereum have faced declines following another assassination attempt on former President Trump and ahead of an important Federal Reserve interest rate decision. Adding to the turmoil, DuckDuckGo users have been exposed to phishing sites pretending to be Etherscan. On a brighter note, Circle and Sony are making waves with their new USDC integration on the Soneium Blockchain, aimed at empowering creators. Stay tuned as we unpack these stories and what they mean for the future of Web3!
1. DeltaPrime hit with a $6M crypto theft following a private key leak
DeltaPrime suffered a major exploit on its Arbitrum version, with over $6 million in various tokens stolen due to a private key leak. The hack affected user withdrawals, as the borrowing and lending mechanisms on the platform were compromised. A hacker gained control of admin proxies, redirecting them to a malicious contract. DeltaPrime’s team is investigating, though no official confirmation has been made. As a result, the platform’s PRIME tokens have dropped 6.5% in value, reflecting a broader market decline.
Shaurya Malwa
2. Bitcoin and Ethereum dip after another Trump assassination attempt and before the Fed’s interest rate decision
Bitcoin dropped 2.1% and Ethereum fell 4.2% following a second assassination attempt on former President Donald Trump, creating more uncertainty in the crypto market. The incident, coupled with the upcoming U.S. Federal Reserve interest rate decision, has intensified market volatility. DeFi markets on Ethereum may see a revival as rate cuts could make DeFi yields attractive again, potentially drawing back large investors. Bitcoin ETFs saw inflows, but Ethereum products showed mixed results. With the Federal Reserve's decision looming, all eyes are on how these events will impact the crypto market.
Murtuza Merchant
3. DuckDuckGo shows Etherscan phishing sites in top search results
DuckDuckGo users have fallen victim to phishing attacks involving fraudulent websites impersonating Etherscan, leading to significant cryptocurrency losses. The phishing sites prompt users to connect their MetaMask wallets, enabling hackers to withdraw funds without authorization. On September 10, a user lost over $520,000 in this scam. In August alone, over 9,100 victims lost about $63 million to similar phishing attacks. The increase in losses, up 215% from the previous year, highlights the importance of verifying URLs before connecting crypto wallets. Stay vigilant to protect your assets from these growing threats
Arijit Sarkar
4. Circle and Sony launch USDC on Soneium Blockchain for creators
Circle and Sony have teamed up to integrate USDC into Soneium, Sony's new Ethereum Layer-2 blockchain, launched on August 23rd. This collaboration aims to advance innovation in decentralized technologies by making USDC a key token for transactions within Soneium's ecosystem. Built using Optimism’s OP Stack, Soneium Minato offers low transaction fees, enhanced security, and seamless Ethereum compatibility. The partnership also bridges Web3 and Web2, fostering new opportunities for developers and users. Jun Watanabe and Jeremy Allaire highlighted the potential for redefining digital finance and boosting Web3 adoption. Soneium has also joined Chainlink's Scale program.
Diya Raj
As we wrap up today’s Web3 updates, it's clear that the landscape continues to evolve rapidly. From the fallout of DeltaPrime’s security breach to the shifting tides of Bitcoin and Ethereum, and the latest phishing threats, the Web3 space is both challenging and dynamic. However, with innovations like Circle and Sony’s USDC integration on Soneium, there’s also plenty of excitement on the horizon. Stay informed and keep an eye on these developments as they unfold. We’ll be back with more insights and updates to help you navigate the ever-changing world of Web3. Until next time, keep exploring and stay ahead of the curve!
