\n

Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Recovery action<\/h2>\n\n\n\n

HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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By subscribing, you agree with our privacy and terms.

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\n

As of the latest data<\/a> from DefiLlama, HTX holds approximately $2.7 billion in assets, a figure that has remained relatively stable since November of the previous year. Around 29.4% of these assets are in Tron's native TRX token, while the second-largest holding is Bitcoin at 27.49%.<\/p>\n\n\n\n

Recovery action<\/h2>\n\n\n\n

HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Justin Sun emphasized that the losses, while significant, represent a \"relatively small sum.\"<\/em> HTX has a total of $3 billion in assets held by users. The stolen crypto amounts to just two weeks' revenue for the HTX platform.<\/p>\n\n\n\n

As of the latest data<\/a> from DefiLlama, HTX holds approximately $2.7 billion in assets, a figure that has remained relatively stable since November of the previous year. Around 29.4% of these assets are in Tron's native TRX token, while the second-largest holding is Bitcoin at 27.49%.<\/p>\n\n\n\n

Recovery action<\/h2>\n\n\n\n

HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

Blockchain investigator PeckShield detected <\/a>suspicious activity before the hack, identifying a transaction of 4,999 ETH leaving the exchange. The hacker's addresses have been identified.<\/p>\n\n\n\n

Justin Sun emphasized that the losses, while significant, represent a \"relatively small sum.\"<\/em> HTX has a total of $3 billion in assets held by users. The stolen crypto amounts to just two weeks' revenue for the HTX platform.<\/p>\n\n\n\n

As of the latest data<\/a> from DefiLlama, HTX holds approximately $2.7 billion in assets, a figure that has remained relatively stable since November of the previous year. Around 29.4% of these assets are in Tron's native TRX token, while the second-largest holding is Bitcoin at 27.49%.<\/p>\n\n\n\n

Recovery action<\/h2>\n\n\n\n

HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n
\nhttps:\/\/twitter.com\/justinsuntron\/status\/1706311251024822748\n<\/div><\/figure>\n\n\n\n

Blockchain investigator PeckShield detected <\/a>suspicious activity before the hack, identifying a transaction of 4,999 ETH leaving the exchange. The hacker's addresses have been identified.<\/p>\n\n\n\n

Justin Sun emphasized that the losses, while significant, represent a \"relatively small sum.\"<\/em> HTX has a total of $3 billion in assets held by users. The stolen crypto amounts to just two weeks' revenue for the HTX platform.<\/p>\n\n\n\n

As of the latest data<\/a> from DefiLlama, HTX holds approximately $2.7 billion in assets, a figure that has remained relatively stable since November of the previous year. Around 29.4% of these assets are in Tron's native TRX token, while the second-largest holding is Bitcoin at 27.49%.<\/p>\n\n\n\n

Recovery action<\/h2>\n\n\n\n

HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

HTX faced a security breach resulting in losing $7.9 million worth of Ethereum (ETH). The cryptocurrency exchange formerly known as Huobi was rebranded two weeks ago. Justin Sun, the Tron founder and an advisor to HTX, confirmed the attack on Twitter. He says <\/a>that \"HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues.\"<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/justinsuntron\/status\/1706311251024822748\n<\/div><\/figure>\n\n\n\n

Blockchain investigator PeckShield detected <\/a>suspicious activity before the hack, identifying a transaction of 4,999 ETH leaving the exchange. The hacker's addresses have been identified.<\/p>\n\n\n\n

Justin Sun emphasized that the losses, while significant, represent a \"relatively small sum.\"<\/em> HTX has a total of $3 billion in assets held by users. The stolen crypto amounts to just two weeks' revenue for the HTX platform.<\/p>\n\n\n\n

As of the latest data<\/a> from DefiLlama, HTX holds approximately $2.7 billion in assets, a figure that has remained relatively stable since November of the previous year. Around 29.4% of these assets are in Tron's native TRX token, while the second-largest holding is Bitcoin at 27.49%.<\/p>\n\n\n\n

Recovery action<\/h2>\n\n\n\n

HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

In a separate development, the SEC recently delayed its decision on proposals for a spot Bitcoin (BTC) ETF<\/a>, including those from Valkyrie, BlackRock, Invesco, and Bitwise. This delay came ahead of scheduled ETF deadlines for the SEC, prompting speculations that it could be related to concerns over a potential government shutdown.<\/p>\n","post_title":"Valkyrie Ceases Ether Futures Purchases Pending SEC ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"valkyrie-ceases-ether-futures-purchases-pending-sec-etf-approval","to_ping":"","pinged":"","post_modified":"2023-10-01 22:39:47","post_modified_gmt":"2023-10-01 11:39:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13660","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13599,"post_author":"15","post_date":"2023-09-28 22:55:55","post_date_gmt":"2023-09-28 12:55:55","post_content":"\n

HTX faced a security breach resulting in losing $7.9 million worth of Ethereum (ETH). The cryptocurrency exchange formerly known as Huobi was rebranded two weeks ago. Justin Sun, the Tron founder and an advisor to HTX, confirmed the attack on Twitter. He says <\/a>that \"HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues.\"<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/justinsuntron\/status\/1706311251024822748\n<\/div><\/figure>\n\n\n\n

Blockchain investigator PeckShield detected <\/a>suspicious activity before the hack, identifying a transaction of 4,999 ETH leaving the exchange. The hacker's addresses have been identified.<\/p>\n\n\n\n

Justin Sun emphasized that the losses, while significant, represent a \"relatively small sum.\"<\/em> HTX has a total of $3 billion in assets held by users. The stolen crypto amounts to just two weeks' revenue for the HTX platform.<\/p>\n\n\n\n

As of the latest data<\/a> from DefiLlama, HTX holds approximately $2.7 billion in assets, a figure that has remained relatively stable since November of the previous year. Around 29.4% of these assets are in Tron's native TRX token, while the second-largest holding is Bitcoin at 27.49%.<\/p>\n\n\n\n

Recovery action<\/h2>\n\n\n\n

HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 5 6 7 8 9 13

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Despite Valkyrie's decision to step back, the crypto ETF space is gearing up for significant activity. Several ETFs offering exposure to Ether futures are expected to commence trading in the first week of October. Asset management firms such as VanEck, Bitwise, and ProShares are among those preparing for their launch of the ETFs. <\/p>\n\n\n\n

In a separate development, the SEC recently delayed its decision on proposals for a spot Bitcoin (BTC) ETF<\/a>, including those from Valkyrie, BlackRock, Invesco, and Bitwise. This delay came ahead of scheduled ETF deadlines for the SEC, prompting speculations that it could be related to concerns over a potential government shutdown.<\/p>\n","post_title":"Valkyrie Ceases Ether Futures Purchases Pending SEC ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"valkyrie-ceases-ether-futures-purchases-pending-sec-etf-approval","to_ping":"","pinged":"","post_modified":"2023-10-01 22:39:47","post_modified_gmt":"2023-10-01 11:39:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13660","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13599,"post_author":"15","post_date":"2023-09-28 22:55:55","post_date_gmt":"2023-09-28 12:55:55","post_content":"\n

HTX faced a security breach resulting in losing $7.9 million worth of Ethereum (ETH). The cryptocurrency exchange formerly known as Huobi was rebranded two weeks ago. Justin Sun, the Tron founder and an advisor to HTX, confirmed the attack on Twitter. He says <\/a>that \"HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues.\"<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/justinsuntron\/status\/1706311251024822748\n<\/div><\/figure>\n\n\n\n

Blockchain investigator PeckShield detected <\/a>suspicious activity before the hack, identifying a transaction of 4,999 ETH leaving the exchange. The hacker's addresses have been identified.<\/p>\n\n\n\n

Justin Sun emphasized that the losses, while significant, represent a \"relatively small sum.\"<\/em> HTX has a total of $3 billion in assets held by users. The stolen crypto amounts to just two weeks' revenue for the HTX platform.<\/p>\n\n\n\n

As of the latest data<\/a> from DefiLlama, HTX holds approximately $2.7 billion in assets, a figure that has remained relatively stable since November of the previous year. Around 29.4% of these assets are in Tron's native TRX token, while the second-largest holding is Bitcoin at 27.49%.<\/p>\n\n\n\n

Recovery action<\/h2>\n\n\n\n

HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 5 6 7 8 9 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Valkyrie Faces Regulatory Challenges<\/h2>\n\n\n\n

Despite Valkyrie's decision to step back, the crypto ETF space is gearing up for significant activity. Several ETFs offering exposure to Ether futures are expected to commence trading in the first week of October. Asset management firms such as VanEck, Bitwise, and ProShares are among those preparing for their launch of the ETFs. <\/p>\n\n\n\n

In a separate development, the SEC recently delayed its decision on proposals for a spot Bitcoin (BTC) ETF<\/a>, including those from Valkyrie, BlackRock, Invesco, and Bitwise. This delay came ahead of scheduled ETF deadlines for the SEC, prompting speculations that it could be related to concerns over a potential government shutdown.<\/p>\n","post_title":"Valkyrie Ceases Ether Futures Purchases Pending SEC ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"valkyrie-ceases-ether-futures-purchases-pending-sec-etf-approval","to_ping":"","pinged":"","post_modified":"2023-10-01 22:39:47","post_modified_gmt":"2023-10-01 11:39:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13660","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13599,"post_author":"15","post_date":"2023-09-28 22:55:55","post_date_gmt":"2023-09-28 12:55:55","post_content":"\n

HTX faced a security breach resulting in losing $7.9 million worth of Ethereum (ETH). The cryptocurrency exchange formerly known as Huobi was rebranded two weeks ago. Justin Sun, the Tron founder and an advisor to HTX, confirmed the attack on Twitter. He says <\/a>that \"HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues.\"<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/justinsuntron\/status\/1706311251024822748\n<\/div><\/figure>\n\n\n\n

Blockchain investigator PeckShield detected <\/a>suspicious activity before the hack, identifying a transaction of 4,999 ETH leaving the exchange. The hacker's addresses have been identified.<\/p>\n\n\n\n

Justin Sun emphasized that the losses, while significant, represent a \"relatively small sum.\"<\/em> HTX has a total of $3 billion in assets held by users. The stolen crypto amounts to just two weeks' revenue for the HTX platform.<\/p>\n\n\n\n

As of the latest data<\/a> from DefiLlama, HTX holds approximately $2.7 billion in assets, a figure that has remained relatively stable since November of the previous year. Around 29.4% of these assets are in Tron's native TRX token, while the second-largest holding is Bitcoin at 27.49%.<\/p>\n\n\n\n

Recovery action<\/h2>\n\n\n\n

HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

This unexpected change comes after Valkyrie had confidently stated that it had received approval from the SEC to add Ether futures exposure to its Bitcoin Strategy ETF (BTF). <\/p>\n\n\n\n

Valkyrie Faces Regulatory Challenges<\/h2>\n\n\n\n

Despite Valkyrie's decision to step back, the crypto ETF space is gearing up for significant activity. Several ETFs offering exposure to Ether futures are expected to commence trading in the first week of October. Asset management firms such as VanEck, Bitwise, and ProShares are among those preparing for their launch of the ETFs. <\/p>\n\n\n\n

In a separate development, the SEC recently delayed its decision on proposals for a spot Bitcoin (BTC) ETF<\/a>, including those from Valkyrie, BlackRock, Invesco, and Bitwise. This delay came ahead of scheduled ETF deadlines for the SEC, prompting speculations that it could be related to concerns over a potential government shutdown.<\/p>\n","post_title":"Valkyrie Ceases Ether Futures Purchases Pending SEC ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"valkyrie-ceases-ether-futures-purchases-pending-sec-etf-approval","to_ping":"","pinged":"","post_modified":"2023-10-01 22:39:47","post_modified_gmt":"2023-10-01 11:39:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13660","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13599,"post_author":"15","post_date":"2023-09-28 22:55:55","post_date_gmt":"2023-09-28 12:55:55","post_content":"\n

HTX faced a security breach resulting in losing $7.9 million worth of Ethereum (ETH). The cryptocurrency exchange formerly known as Huobi was rebranded two weeks ago. Justin Sun, the Tron founder and an advisor to HTX, confirmed the attack on Twitter. He says <\/a>that \"HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues.\"<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/justinsuntron\/status\/1706311251024822748\n<\/div><\/figure>\n\n\n\n

Blockchain investigator PeckShield detected <\/a>suspicious activity before the hack, identifying a transaction of 4,999 ETH leaving the exchange. The hacker's addresses have been identified.<\/p>\n\n\n\n

Justin Sun emphasized that the losses, while significant, represent a \"relatively small sum.\"<\/em> HTX has a total of $3 billion in assets held by users. The stolen crypto amounts to just two weeks' revenue for the HTX platform.<\/p>\n\n\n\n

As of the latest data<\/a> from DefiLlama, HTX holds approximately $2.7 billion in assets, a figure that has remained relatively stable since November of the previous year. Around 29.4% of these assets are in Tron's native TRX token, while the second-largest holding is Bitcoin at 27.49%.<\/p>\n\n\n\n

Recovery action<\/h2>\n\n\n\n

HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

\"The fund will not purchase Ether futures contracts until the effectiveness of an amendment to the fund's registration statement contemplating the addition of Ether futures contracts to the principal investment strategy of the fund,\"<\/em> the filing<\/a> stated. \"Until such time, the fund will unwind any existing positions in Ether futures contracts.\"<\/em><\/p>\n\n\n\n

This unexpected change comes after Valkyrie had confidently stated that it had received approval from the SEC to add Ether futures exposure to its Bitcoin Strategy ETF (BTF). <\/p>\n\n\n\n

Valkyrie Faces Regulatory Challenges<\/h2>\n\n\n\n

Despite Valkyrie's decision to step back, the crypto ETF space is gearing up for significant activity. Several ETFs offering exposure to Ether futures are expected to commence trading in the first week of October. Asset management firms such as VanEck, Bitwise, and ProShares are among those preparing for their launch of the ETFs. <\/p>\n\n\n\n

In a separate development, the SEC recently delayed its decision on proposals for a spot Bitcoin (BTC) ETF<\/a>, including those from Valkyrie, BlackRock, Invesco, and Bitwise. This delay came ahead of scheduled ETF deadlines for the SEC, prompting speculations that it could be related to concerns over a potential government shutdown.<\/p>\n","post_title":"Valkyrie Ceases Ether Futures Purchases Pending SEC ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"valkyrie-ceases-ether-futures-purchases-pending-sec-etf-approval","to_ping":"","pinged":"","post_modified":"2023-10-01 22:39:47","post_modified_gmt":"2023-10-01 11:39:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13660","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13599,"post_author":"15","post_date":"2023-09-28 22:55:55","post_date_gmt":"2023-09-28 12:55:55","post_content":"\n

HTX faced a security breach resulting in losing $7.9 million worth of Ethereum (ETH). The cryptocurrency exchange formerly known as Huobi was rebranded two weeks ago. Justin Sun, the Tron founder and an advisor to HTX, confirmed the attack on Twitter. He says <\/a>that \"HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues.\"<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/justinsuntron\/status\/1706311251024822748\n<\/div><\/figure>\n\n\n\n

Blockchain investigator PeckShield detected <\/a>suspicious activity before the hack, identifying a transaction of 4,999 ETH leaving the exchange. The hacker's addresses have been identified.<\/p>\n\n\n\n

Justin Sun emphasized that the losses, while significant, represent a \"relatively small sum.\"<\/em> HTX has a total of $3 billion in assets held by users. The stolen crypto amounts to just two weeks' revenue for the HTX platform.<\/p>\n\n\n\n

As of the latest data<\/a> from DefiLlama, HTX holds approximately $2.7 billion in assets, a figure that has remained relatively stable since November of the previous year. Around 29.4% of these assets are in Tron's native TRX token, while the second-largest holding is Bitcoin at 27.49%.<\/p>\n\n\n\n

Recovery action<\/h2>\n\n\n\n

HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 5 6 7 8 9 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Valkyrie revealed its intention in an SEC Form 497 filing, asserting that it would unwind any Ether futures contracts it had previously acquired, further emphasizing its commitment to regulatory compliance. This decision was evident in the filing with the regulator on September 29.<\/p>\n\n\n\n

\"The fund will not purchase Ether futures contracts until the effectiveness of an amendment to the fund's registration statement contemplating the addition of Ether futures contracts to the principal investment strategy of the fund,\"<\/em> the filing<\/a> stated. \"Until such time, the fund will unwind any existing positions in Ether futures contracts.\"<\/em><\/p>\n\n\n\n

This unexpected change comes after Valkyrie had confidently stated that it had received approval from the SEC to add Ether futures exposure to its Bitcoin Strategy ETF (BTF). <\/p>\n\n\n\n

Valkyrie Faces Regulatory Challenges<\/h2>\n\n\n\n

Despite Valkyrie's decision to step back, the crypto ETF space is gearing up for significant activity. Several ETFs offering exposure to Ether futures are expected to commence trading in the first week of October. Asset management firms such as VanEck, Bitwise, and ProShares are among those preparing for their launch of the ETFs. <\/p>\n\n\n\n

In a separate development, the SEC recently delayed its decision on proposals for a spot Bitcoin (BTC) ETF<\/a>, including those from Valkyrie, BlackRock, Invesco, and Bitwise. This delay came ahead of scheduled ETF deadlines for the SEC, prompting speculations that it could be related to concerns over a potential government shutdown.<\/p>\n","post_title":"Valkyrie Ceases Ether Futures Purchases Pending SEC ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"valkyrie-ceases-ether-futures-purchases-pending-sec-etf-approval","to_ping":"","pinged":"","post_modified":"2023-10-01 22:39:47","post_modified_gmt":"2023-10-01 11:39:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13660","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13599,"post_author":"15","post_date":"2023-09-28 22:55:55","post_date_gmt":"2023-09-28 12:55:55","post_content":"\n

HTX faced a security breach resulting in losing $7.9 million worth of Ethereum (ETH). The cryptocurrency exchange formerly known as Huobi was rebranded two weeks ago. Justin Sun, the Tron founder and an advisor to HTX, confirmed the attack on Twitter. He says <\/a>that \"HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues.\"<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/justinsuntron\/status\/1706311251024822748\n<\/div><\/figure>\n\n\n\n

Blockchain investigator PeckShield detected <\/a>suspicious activity before the hack, identifying a transaction of 4,999 ETH leaving the exchange. The hacker's addresses have been identified.<\/p>\n\n\n\n

Justin Sun emphasized that the losses, while significant, represent a \"relatively small sum.\"<\/em> HTX has a total of $3 billion in assets held by users. The stolen crypto amounts to just two weeks' revenue for the HTX platform.<\/p>\n\n\n\n

As of the latest data<\/a> from DefiLlama, HTX holds approximately $2.7 billion in assets, a figure that has remained relatively stable since November of the previous year. Around 29.4% of these assets are in Tron's native TRX token, while the second-largest holding is Bitcoin at 27.49%.<\/p>\n\n\n\n

Recovery action<\/h2>\n\n\n\n

HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 5 6 7 8 9 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

However, what prompted Valkyrie to reverse its position<\/a> in less than 24 hours remains unclear. The asset management firm had previously filed with the SEC to list an Ether futures ETF on the Nasdaq Stock Market in August. However, the regulatory body has not decided on the proposed rule change to allow such an investment asset.<\/p>\n\n\n\n

Valkyrie revealed its intention in an SEC Form 497 filing, asserting that it would unwind any Ether futures contracts it had previously acquired, further emphasizing its commitment to regulatory compliance. This decision was evident in the filing with the regulator on September 29.<\/p>\n\n\n\n

\"The fund will not purchase Ether futures contracts until the effectiveness of an amendment to the fund's registration statement contemplating the addition of Ether futures contracts to the principal investment strategy of the fund,\"<\/em> the filing<\/a> stated. \"Until such time, the fund will unwind any existing positions in Ether futures contracts.\"<\/em><\/p>\n\n\n\n

This unexpected change comes after Valkyrie had confidently stated that it had received approval from the SEC to add Ether futures exposure to its Bitcoin Strategy ETF (BTF). <\/p>\n\n\n\n

Valkyrie Faces Regulatory Challenges<\/h2>\n\n\n\n

Despite Valkyrie's decision to step back, the crypto ETF space is gearing up for significant activity. Several ETFs offering exposure to Ether futures are expected to commence trading in the first week of October. Asset management firms such as VanEck, Bitwise, and ProShares are among those preparing for their launch of the ETFs. <\/p>\n\n\n\n

In a separate development, the SEC recently delayed its decision on proposals for a spot Bitcoin (BTC) ETF<\/a>, including those from Valkyrie, BlackRock, Invesco, and Bitwise. This delay came ahead of scheduled ETF deadlines for the SEC, prompting speculations that it could be related to concerns over a potential government shutdown.<\/p>\n","post_title":"Valkyrie Ceases Ether Futures Purchases Pending SEC ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"valkyrie-ceases-ether-futures-purchases-pending-sec-etf-approval","to_ping":"","pinged":"","post_modified":"2023-10-01 22:39:47","post_modified_gmt":"2023-10-01 11:39:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13660","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13599,"post_author":"15","post_date":"2023-09-28 22:55:55","post_date_gmt":"2023-09-28 12:55:55","post_content":"\n

HTX faced a security breach resulting in losing $7.9 million worth of Ethereum (ETH). The cryptocurrency exchange formerly known as Huobi was rebranded two weeks ago. Justin Sun, the Tron founder and an advisor to HTX, confirmed the attack on Twitter. He says <\/a>that \"HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues.\"<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/justinsuntron\/status\/1706311251024822748\n<\/div><\/figure>\n\n\n\n

Blockchain investigator PeckShield detected <\/a>suspicious activity before the hack, identifying a transaction of 4,999 ETH leaving the exchange. The hacker's addresses have been identified.<\/p>\n\n\n\n

Justin Sun emphasized that the losses, while significant, represent a \"relatively small sum.\"<\/em> HTX has a total of $3 billion in assets held by users. The stolen crypto amounts to just two weeks' revenue for the HTX platform.<\/p>\n\n\n\n

As of the latest data<\/a> from DefiLlama, HTX holds approximately $2.7 billion in assets, a figure that has remained relatively stable since November of the previous year. Around 29.4% of these assets are in Tron's native TRX token, while the second-largest holding is Bitcoin at 27.49%.<\/p>\n\n\n\n

Recovery action<\/h2>\n\n\n\n

HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 5 6 7 8 9 13

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

In a filing submitted to the SEC, asset management firm Valkyrie has decided to halt its plans to purchase Ether (ETH) futures. This comes as the company awaits approval from the SEC and includes unwinding any existing positions in Ether futures contracts.<\/p>\n\n\n\n

However, what prompted Valkyrie to reverse its position<\/a> in less than 24 hours remains unclear. The asset management firm had previously filed with the SEC to list an Ether futures ETF on the Nasdaq Stock Market in August. However, the regulatory body has not decided on the proposed rule change to allow such an investment asset.<\/p>\n\n\n\n

Valkyrie revealed its intention in an SEC Form 497 filing, asserting that it would unwind any Ether futures contracts it had previously acquired, further emphasizing its commitment to regulatory compliance. This decision was evident in the filing with the regulator on September 29.<\/p>\n\n\n\n

\"The fund will not purchase Ether futures contracts until the effectiveness of an amendment to the fund's registration statement contemplating the addition of Ether futures contracts to the principal investment strategy of the fund,\"<\/em> the filing<\/a> stated. \"Until such time, the fund will unwind any existing positions in Ether futures contracts.\"<\/em><\/p>\n\n\n\n

This unexpected change comes after Valkyrie had confidently stated that it had received approval from the SEC to add Ether futures exposure to its Bitcoin Strategy ETF (BTF). <\/p>\n\n\n\n

Valkyrie Faces Regulatory Challenges<\/h2>\n\n\n\n

Despite Valkyrie's decision to step back, the crypto ETF space is gearing up for significant activity. Several ETFs offering exposure to Ether futures are expected to commence trading in the first week of October. Asset management firms such as VanEck, Bitwise, and ProShares are among those preparing for their launch of the ETFs. <\/p>\n\n\n\n

In a separate development, the SEC recently delayed its decision on proposals for a spot Bitcoin (BTC) ETF<\/a>, including those from Valkyrie, BlackRock, Invesco, and Bitwise. This delay came ahead of scheduled ETF deadlines for the SEC, prompting speculations that it could be related to concerns over a potential government shutdown.<\/p>\n","post_title":"Valkyrie Ceases Ether Futures Purchases Pending SEC ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"valkyrie-ceases-ether-futures-purchases-pending-sec-etf-approval","to_ping":"","pinged":"","post_modified":"2023-10-01 22:39:47","post_modified_gmt":"2023-10-01 11:39:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13660","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13599,"post_author":"15","post_date":"2023-09-28 22:55:55","post_date_gmt":"2023-09-28 12:55:55","post_content":"\n

HTX faced a security breach resulting in losing $7.9 million worth of Ethereum (ETH). The cryptocurrency exchange formerly known as Huobi was rebranded two weeks ago. Justin Sun, the Tron founder and an advisor to HTX, confirmed the attack on Twitter. He says <\/a>that \"HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues.\"<\/em><\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/justinsuntron\/status\/1706311251024822748\n<\/div><\/figure>\n\n\n\n

Blockchain investigator PeckShield detected <\/a>suspicious activity before the hack, identifying a transaction of 4,999 ETH leaving the exchange. The hacker's addresses have been identified.<\/p>\n\n\n\n

Justin Sun emphasized that the losses, while significant, represent a \"relatively small sum.\"<\/em> HTX has a total of $3 billion in assets held by users. The stolen crypto amounts to just two weeks' revenue for the HTX platform.<\/p>\n\n\n\n

As of the latest data<\/a> from DefiLlama, HTX holds approximately $2.7 billion in assets, a figure that has remained relatively stable since November of the previous year. Around 29.4% of these assets are in Tron's native TRX token, while the second-largest holding is Bitcoin at 27.49%.<\/p>\n\n\n\n

Recovery action<\/h2>\n\n\n\n

HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 5 6 7 8 9 13

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
  • ProShares, Bitwise, and VanEck plan to launch Ether futures ETFs.<\/li>\n<\/ul>\n\n\n\n

    In a filing submitted to the SEC, asset management firm Valkyrie has decided to halt its plans to purchase Ether (ETH) futures. This comes as the company awaits approval from the SEC and includes unwinding any existing positions in Ether futures contracts.<\/p>\n\n\n\n

    However, what prompted Valkyrie to reverse its position<\/a> in less than 24 hours remains unclear. The asset management firm had previously filed with the SEC to list an Ether futures ETF on the Nasdaq Stock Market in August. However, the regulatory body has not decided on the proposed rule change to allow such an investment asset.<\/p>\n\n\n\n

    Valkyrie revealed its intention in an SEC Form 497 filing, asserting that it would unwind any Ether futures contracts it had previously acquired, further emphasizing its commitment to regulatory compliance. This decision was evident in the filing with the regulator on September 29.<\/p>\n\n\n\n

    \"The fund will not purchase Ether futures contracts until the effectiveness of an amendment to the fund's registration statement contemplating the addition of Ether futures contracts to the principal investment strategy of the fund,\"<\/em> the filing<\/a> stated. \"Until such time, the fund will unwind any existing positions in Ether futures contracts.\"<\/em><\/p>\n\n\n\n

    This unexpected change comes after Valkyrie had confidently stated that it had received approval from the SEC to add Ether futures exposure to its Bitcoin Strategy ETF (BTF). <\/p>\n\n\n\n

    Valkyrie Faces Regulatory Challenges<\/h2>\n\n\n\n

    Despite Valkyrie's decision to step back, the crypto ETF space is gearing up for significant activity. Several ETFs offering exposure to Ether futures are expected to commence trading in the first week of October. Asset management firms such as VanEck, Bitwise, and ProShares are among those preparing for their launch of the ETFs. <\/p>\n\n\n\n

    In a separate development, the SEC recently delayed its decision on proposals for a spot Bitcoin (BTC) ETF<\/a>, including those from Valkyrie, BlackRock, Invesco, and Bitwise. This delay came ahead of scheduled ETF deadlines for the SEC, prompting speculations that it could be related to concerns over a potential government shutdown.<\/p>\n","post_title":"Valkyrie Ceases Ether Futures Purchases Pending SEC ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"valkyrie-ceases-ether-futures-purchases-pending-sec-etf-approval","to_ping":"","pinged":"","post_modified":"2023-10-01 22:39:47","post_modified_gmt":"2023-10-01 11:39:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13660","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13599,"post_author":"15","post_date":"2023-09-28 22:55:55","post_date_gmt":"2023-09-28 12:55:55","post_content":"\n

    HTX faced a security breach resulting in losing $7.9 million worth of Ethereum (ETH). The cryptocurrency exchange formerly known as Huobi was rebranded two weeks ago. Justin Sun, the Tron founder and an advisor to HTX, confirmed the attack on Twitter. He says <\/a>that \"HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues.\"<\/em><\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/justinsuntron\/status\/1706311251024822748\n<\/div><\/figure>\n\n\n\n

    Blockchain investigator PeckShield detected <\/a>suspicious activity before the hack, identifying a transaction of 4,999 ETH leaving the exchange. The hacker's addresses have been identified.<\/p>\n\n\n\n

    Justin Sun emphasized that the losses, while significant, represent a \"relatively small sum.\"<\/em> HTX has a total of $3 billion in assets held by users. The stolen crypto amounts to just two weeks' revenue for the HTX platform.<\/p>\n\n\n\n

    As of the latest data<\/a> from DefiLlama, HTX holds approximately $2.7 billion in assets, a figure that has remained relatively stable since November of the previous year. Around 29.4% of these assets are in Tron's native TRX token, while the second-largest holding is Bitcoin at 27.49%.<\/p>\n\n\n\n

    Recovery action<\/h2>\n\n\n\n

    HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

    Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

    This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

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    \n
  • The firm has received approval to add Ether futures exposure to its BTF. <\/li>\n\n\n\n
  • ProShares, Bitwise, and VanEck plan to launch Ether futures ETFs.<\/li>\n<\/ul>\n\n\n\n

    In a filing submitted to the SEC, asset management firm Valkyrie has decided to halt its plans to purchase Ether (ETH) futures. This comes as the company awaits approval from the SEC and includes unwinding any existing positions in Ether futures contracts.<\/p>\n\n\n\n

    However, what prompted Valkyrie to reverse its position<\/a> in less than 24 hours remains unclear. The asset management firm had previously filed with the SEC to list an Ether futures ETF on the Nasdaq Stock Market in August. However, the regulatory body has not decided on the proposed rule change to allow such an investment asset.<\/p>\n\n\n\n

    Valkyrie revealed its intention in an SEC Form 497 filing, asserting that it would unwind any Ether futures contracts it had previously acquired, further emphasizing its commitment to regulatory compliance. This decision was evident in the filing with the regulator on September 29.<\/p>\n\n\n\n

    \"The fund will not purchase Ether futures contracts until the effectiveness of an amendment to the fund's registration statement contemplating the addition of Ether futures contracts to the principal investment strategy of the fund,\"<\/em> the filing<\/a> stated. \"Until such time, the fund will unwind any existing positions in Ether futures contracts.\"<\/em><\/p>\n\n\n\n

    This unexpected change comes after Valkyrie had confidently stated that it had received approval from the SEC to add Ether futures exposure to its Bitcoin Strategy ETF (BTF). <\/p>\n\n\n\n

    Valkyrie Faces Regulatory Challenges<\/h2>\n\n\n\n

    Despite Valkyrie's decision to step back, the crypto ETF space is gearing up for significant activity. Several ETFs offering exposure to Ether futures are expected to commence trading in the first week of October. Asset management firms such as VanEck, Bitwise, and ProShares are among those preparing for their launch of the ETFs. <\/p>\n\n\n\n

    In a separate development, the SEC recently delayed its decision on proposals for a spot Bitcoin (BTC) ETF<\/a>, including those from Valkyrie, BlackRock, Invesco, and Bitwise. This delay came ahead of scheduled ETF deadlines for the SEC, prompting speculations that it could be related to concerns over a potential government shutdown.<\/p>\n","post_title":"Valkyrie Ceases Ether Futures Purchases Pending SEC ETF Approval","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"valkyrie-ceases-ether-futures-purchases-pending-sec-etf-approval","to_ping":"","pinged":"","post_modified":"2023-10-01 22:39:47","post_modified_gmt":"2023-10-01 11:39:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13660","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":13599,"post_author":"15","post_date":"2023-09-28 22:55:55","post_date_gmt":"2023-09-28 12:55:55","post_content":"\n

    HTX faced a security breach resulting in losing $7.9 million worth of Ethereum (ETH). The cryptocurrency exchange formerly known as Huobi was rebranded two weeks ago. Justin Sun, the Tron founder and an advisor to HTX, confirmed the attack on Twitter. He says <\/a>that \"HTX has fully covered the losses incurred from the attack and has successfully resolved all related issues.\"<\/em><\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/justinsuntron\/status\/1706311251024822748\n<\/div><\/figure>\n\n\n\n

    Blockchain investigator PeckShield detected <\/a>suspicious activity before the hack, identifying a transaction of 4,999 ETH leaving the exchange. The hacker's addresses have been identified.<\/p>\n\n\n\n

    Justin Sun emphasized that the losses, while significant, represent a \"relatively small sum.\"<\/em> HTX has a total of $3 billion in assets held by users. The stolen crypto amounts to just two weeks' revenue for the HTX platform.<\/p>\n\n\n\n

    As of the latest data<\/a> from DefiLlama, HTX holds approximately $2.7 billion in assets, a figure that has remained relatively stable since November of the previous year. Around 29.4% of these assets are in Tron's native TRX token, while the second-largest holding is Bitcoin at 27.49%.<\/p>\n\n\n\n

    Recovery action<\/h2>\n\n\n\n

    HTX is actively working to recover the lost funds and has identified the hacker's \"true identity.\" They have threatened to involve law enforcement if the funds are not returned within one week. To incentivize the hacker's cooperation, HTX has offered a 5% white-hat reward, totaling $400,000, and the possibility of hiring the hacker as a security white-hat advisor.<\/p>\n\n\n\n

    Additionally, Binance CEO Changpeng Zhao has pledged assistance from Binance's security team in tracking the hacker's funds where possible.<\/p>\n\n\n\n

    This incident follows a similar trend in the crypto space. CoinEX proposed a bug bounty program after a hack that led to the loss of an estimated $54 million in assets linked to North Korea's Lazarus Group earlier this month.<\/p>\n","post_title":"HTX Falls Prey To Hackers With Almost $8M In Stolen Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"htx-falls-prey-to-hackers-with-almost-8m-in-stolen-crypto","to_ping":"","pinged":"","post_modified":"2023-09-28 22:57:17","post_modified_gmt":"2023-09-28 12:57:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=13599","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

    1 5 6 7 8 9 13

    Most Read

    Subscribe To Our Newsletter

    By subscribing, you agree with our privacy and terms.

    Follow The Distributed

    ADVERTISEMENT
    \n