This is the most notable news in the world of cryptocurrencies.

This week, the Kyber Network team alerted its users, stating that KyberSwap Elastic had experienced a security incident. By the way, it recommended users withdraw their funds as a precaution and added that they were investigating the situation.

Specifically, according to Debank data, around $46 million had been stolen in the attack. Including approximately $20 million in Wrapped Ether and $4 million in Arbitrum.

Currently, KyberSwap has proposed to the hacker to keep 10% of what was stolen: “You have carried out one of the most sophisticated hacks. On the table is a reward equivalent to 10% of the users’ funds that their hack took from them. We may reserve reward funds to distribute directly to users. You can return 90% of the funds you took from users.”

Bittrex.US Filed for Bankruptcy

Bittrex.US filed for bankruptcy and ceased operations in the United States following a regulatory lawsuit. The company announced that starting Monday, December 4, 2023, all trading activity on Bittrex Global will be disabled. The exchange urged customers to complete “all necessary transactions” by the indicated date, after which only asset withdrawals will be enabled “as part of the settlement process.”

Likewise, it clarified to clients that withdrawals in US dollars are not available and that if they have this currency, users must first change to euros or cryptocurrency to proceed with withdrawals.

SEC Sues Kraken

For illegally operating as a stock exchange without first registering with the regulator, the United States Securities and Exchange Commission (SEC) brought legal proceedings against one of the largest cryptocurrency platforms in the world: Kraken.

Kraken is accused of “directly” using money from users’ accounts to pay its own operating expenses, while allegedly offering traditional stock exchange services without legal registration, something that, according to the stock market regulator, “deprives protection investors.

According to Coinbase, what happened with Kraken confirms the SEC’s unwillingness to design adequate rules for companies that operate in the crypto sector, which is why they rely on the same rules to undertake more enforcement actions.

Austria’s Raiffeisen to Implement Cryptocurrency Trading for Retail Clients

In Austria, Raiffeisen bank will allow retail clients to trade cryptocurrencies starting in January 2024. In fact, the new feature will work exactly the same as bank transfers. By the way, this service will be through a partnership with the Bitpanda crypto exchange.

The first to try cryptocurrency transactions will be customers in Vienna. In this regard, a Raiffeisen representative explained that “The experience will remain familiar, so transaction confirmation will work exactly the same as a bank transfer from one account to another, with the same degree of security that customers are accustomed to.”

Sam Altman Returns as CEO of OpenAI

OpenAI said it has an “agreement in principle” for Sam Altman to return along with a new board consisting of Bret Taylor, Larry Summers and Adam D’Angelo.

Basically, they indicate that the main job of this small initial Board is to examine and appoint an expanded board of up to nine people that will restore the governance of OpenAI. For its part, Microsoft, which has committed to investing billions in the company, wants a seat on that expanded board, as does Altman himself.

By Leonardo Perez


Please enter your comment!
Please enter your name here