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Web3🌕Monday Highlights: OANDA's UK crypto platform, MicroStrategy hack, Blast's $1.3M rug pull, OpenSea's NFT delisting drama.

Web3 Roundup Feb 26, 2024
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Greetings on this Monday! Dive into Today's Web3 Highlights:

1. OANDA launches FCA-registered crypto platform in the UK
2. MicroStrategy's X account hacked in Ethereum token scam
3. Blast Ecosystem faces $1.3M Ether rug pull scandal
4. OpenSea delists game's NFTs; creators retaliate.

Stay tuned for in-depth details as we navigate through these noteworthy developments.✨

Step into a riveting exploration of today's Web3 landscape, where unfolding dramas and significant developments capture the spotlight. From OANDA's groundbreaking FCA-registered crypto trading platform in the UK to the unsettling hack of MicroStrategy's X account, the scene is set for a day filled with intrigue. As we delve into the Blast Ecosystem's $1.3M Ether rug pull scandal and the unfolding saga of OpenSea delisting a game's NFTs, the web of Web3 drama thickens. Join us as we dissect these compelling narratives, providing insights into the dynamics shaping the decentralized world on this eventful Monday.

1. OANDA launches FCA-registered crypto platform in the UK

OANDA launches crypto trading platform in the UK, based in London with FCA registration. Result of acquiring Coinpass, it offers trading in 63 crypto pairs, plans to expand features. Lucian Lauerman, head of digital assets, sees the UK's well-educated and active market as an attractive opportunity due to increasing alignment with traditionally operated markets. OANDA already offers crypto in the U.S. and shifted its mainland Europe operations to Warsaw after acquiring Polish broker TMS Brokers. The move reflects OANDA's strategic expansion into regulated crypto markets, embracing higher regulatory standards.

OANDA Opens FCA-Registered Crypto Trading Platform in the UK
OANDA Crypto is the summation of last year’s acquisition of a majority stake in FCA-registered crypto firm Coinpass, and will offer trading in over 63 cryptocurrency pairs, including bitcoin, ether, and XRP.

2. MicroStrategy's X account hacked in Ethereum token scam

MicroStrategy X account hacked; fake Ethereum-based MSTR token airdrop scam. Clicking malicious links leads to a fake MicroStrategy webpage, prompting users to connect a wallet and claim the airdrop. Hackers drain tokens after users grant permissions. Scam losses exceed $440,000, one victim losing $424,786 to PinkDrainer-associated wallet. MicroStrategy attacker holds $329,000 in Ethereum-based tokens. Crypto community highlights the scam's obvious nature, questioning MicroStrategy's unlikely token launch on Ethereum, given its Bitcoin focus.

MicroStrategy’s X account hacked, shilling Ethereum token phishing scam
The official X account for MicroStrategy has been hacked, with victims reportedly losing over $440,000.

3. Blast Ecosystem faces $1.3M Ether rug pull scandal

Blast Ecosystem faces a $1.3M Ether rug pull by 'RiskOnBlast', affecting 750 wallets. Blast endorses RiskOnBlast, raising concerns. Despite setbacks, Blast supports 47 projects from 3,000 in its developer competition, emphasizing commitment to innovation and growth. The rug pull underscores crypto investment risks, emphasizing the need for due diligence and security measures. Despite challenges, Blast aims for a secure and prosperous future in decentralized finance.

Blast Ecosystem Hit by $1.3M Ether Rug Pull Scandal
- 'RiskOnBlast' executes a rug pull on the Blast ecosystem, scamming $1.3M in Ether from over 750 wallets. - Despite Blast's non-involvement, its social endorsement of RiskOnBlast raised legitimacy concerns among investors. - Blast conti

4. OpenSea delists game's NFTs; creators retaliate.

OpenSeason, a Fortnite-like NFT game, responds creatively to OpenSea's delisting by featuring a burning "OpenSea" ship in-game. The move follows OpenSea's removal of Ethereum NFT passes by Fractional Uprising Studios, creators of OpenSeason. The fiery depiction near the dock is a tongue-in-cheek response to OpenSea's action, adding a touch of narrative to the game. Fractional Uprising expressed disappointment over the lack of transparency in OpenSea's delisting process, emphasizing the importance of thorough research in crypto investments. Despite the setback, OpenSeason remains committed to innovation and recently announced funding for 47 projects in its developer competition.

OpenSea Delisted This Game’s NFTs—Then the Creators Got Their Revenge - Decrypt
The makers of OpenSeason gave the major marketplace a reference in the Fortnite-like NFT game—and it’s impossible to miss. Here’s why.

As we draw the curtains on today's Web3 saga, the narratives we explored showcase the dynamic nature of the decentralized realm. From groundbreaking platforms to unexpected challenges, each development adds layers to the evolving landscape. Stay connected for more in-depth analyses, real-time updates, and comprehensive coverage of the ever-shifting Web3 landscape. Thank you for joining us on this journey through today's highlights. Until our next exploration, keep navigating the exciting realms of decentralized possibilities! Stay tuned for more Web3 adventures and unravel the mysteries that lie ahead.


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