💊 200 Bitcoins Worth $3.3 million Stolen 😱
Guest author: Suhail Lone
Welcome to Web3 pills, the daily crypto newsletter that's here to say that 2023 can't possibly be worse for crypto than 2022 right.... right!?
On a serious note, the team is excited to bring you fresh new content all year long.
Here are your 💊’s for today:
NEW YEAR, SAME ISSUES: 200 BITCOINS WORTH $3.3 MILLION STOLEN
Core Developer of the Bitcoin network Luke Dashjr alleged that a Pretty Good Privacy (PGP) key compromise led to the hacking of his wallet. On December 31, Dashjr's wallet made a number of outbound transactions totaling more than 200 BTC, resulting in $3.3 million loss at the time of writing.
Dashjr tweeted about the PGP key compromise and mentioned many of his bitcoins have been stolen while ending it with a note that read "have no idea how."
As of now, he did not disclose how hackers were able to successfully access his PGP keys.
Using cryptographic techniques, data can be encrypted and decrypted using Pretty Good Privacy. Although the precise nature of the attack has not been established, many believe that a server Dashjr utilized may have been hacked in order to steal data, including the wallet keys.
TOP SOLANA NFT PROJECTS ARE MOVING TO ETHEREUM AND POLYGON
In a major development that may possibly impact the Solana NFT creators outlook of the ecosystem, two major projects, DeGods and y00ts, are planning to migrate to Ethereum and Polygon as their blockchains of choice in early 2023.
Recommended by LinkedIn
It is noteworthy to mention that both of the collections come from the same creator Rohun Vora, alias "Frank DeGods”, who developed the collection in October 2021. Outside of just these cultural impact, these are prominent Solana NFT projects in terms of floor price and trading volume.
The shift is seen more likely to rival top NFT collections like BAYC, CryptoPunks and MAYC etc. The DeGods collection, which enjoys a floor price of 460.00 SOL ($5,221) and is the best performer on Solana's NFT market, plans to move to Ethereum blockchain. While y00ts currently sits at a floor price of 140 SOL ($1600), and plans to move to Polygon, which facilitates faster and highly inexpensive transactions in comparison to Ethereum.
Vora in his Tweet mentioned that the migration to new blockchains (Polygon and Ethereum) is necessary and they will be the new powering structure of the NFT collections and enable a larger NFT user base reach. Although, there hasn't been any substantial disclosure with regards to the technical aspects of migration and the operation of the bridge.
TRENDING ARTICLES
5 Trends in DeFi for 2023: Real-world Asset adoption, Zk-Rollups, DeFi and CBDCs, here is all that is in the spotlight for the year 2023.
Crypto makes history in 2022. Five instances of governments embracing digital assets: As Australia leaped ahead of El Salvador in bitcoin ATMs, how has the global adoption performed in 2022? A deep dive analysis.
SBF finally tweets about transfer of funds: After moving to his parents home, Sam Bankman Fried has tweeted and denied any involvement in movement of crypto assets from Alameda wallet.
NFT OF THE DAY
Market Cap: 1,954.39 ETH
Floor Price: 0.2389 ETH
Kitaro is a collection of 7,777 storytelling NFTs exploring various multiverses in an adventure to unlock secrets of their ancestry.
With a trading volume exceeding most of the known NFT collections, this NFT promises the necessary trading depth for a quick swap.