Ad Polygon Labs announced that it has open-sourced its Web3 ID solution, as indicated in a blog post from the company on March 1. Polygon initially announced the suite of tools in March 2022 and released it over course of the year. The toolset allows developers to leverage zero-knowledge proofs (or zk-proofs) to manage user…
Changpeng Zhao (CZ), the CEO of Binance, has addressed concerns surrounding the investigation into “abnormal price movements” for some trading pairs on the exchange. Based on our investigations so far, this appears to be just market behavior. One guy deposited funds and started buying. (Hackers don’t deposit). Other guys followed. Can’t see linkage between the…
Nick Percoco, the CSO of Kraken Exchange, tweeted just an hour ago in response to Mario Nawfal that the Kraken team now knows the identity of the user that hacked FTX. We know the identity of the user. — Nick Percoco (@c7five) November 12, 2022 Founder and CEO of IBCgroup.io, Mario Nawfal tweeted explaining that…
Angel investor Stephen Cole labeled a website providing searchable data on Celsius users’ losses “a perfectly horrendous illustration of the risks of KYC.” CeFi lender Celsius filed for Chapter 11 bankruptcy on July 13, following liquidity problems triggered by the Terra ecosystem implosion. It later emerged that the firm was engaged in high-risk trading strategies,…
On Oct. 5, disgraced CeFi lender Celsius filed Schedules of Assets and Liabilities and Statements of Financial Affairs as part of its Chapter 11 bankruptcy proceedings. Most of the over 14,000-page document is related to information about Celsius creditors, including users’ names and their transactions on the platform. Crypto Twitter has blasted the document for…
Binance said it froze Tezos (XTZ) tool contributor Baking Bad’s corporate account because of a law enforcement request and said that Baking Bad is aware of the issue behind the freeze as it was notified multiple times. Binance made the statement in response to allegations that it had frozen and wiped the account “without any explanations.”…
Binance launched BAB, a Soulbound Token on the BNB Chain, as a decentralized solution to the KYC requirements for the exchange. Soulbound Tokens are NFTs that are non-transferrable between wallets. The inability to trade the NFT allows it to be used to identify the wallet holder on the blockchain. Data linked to the NFT can…
Embattled crypto lender Celsius Network has revealed via email that some of its customers’ data were breached by an employee of Customer.io. Announcement from Celsius: “We are writing to let you know that wewere recently informed by our vendorhttps://t.co/452EROQtbc that one of their employeesaccessed a list of Celsius client emailaddresses held on their platform andtransferred…
Polkadot-based NFT project Moonsama has announced that it integrated SocialKYC on its Multiverse Bridge, allowing users to sign in using their wallets instead of usernames and passwords. Moonsama integrated this feature through a partnership with KILTprotocol using its Sporran Wallet and SocialKYC credentials. The new feature allows users to log in to their Moonsama account…
The dawn of the metaverse raises new questions about user protection and data-driven advertising. This new world is hinging on immersive technology that could allow companies to collect new kinds of personal information and even biometric data. To read the rest of this article, sign in or join CryptoSlate Edge. Get an Edge on the…