☑️ Last night's global crypto major news 1. Bitget confirms $387.5M outflow from hot wallet hack Virtual asset exchange Bitget announced approximately $387.5 million in assets flowed out from a hot wallet hack. This is a figure revised upward from the initially estimated approximately $351.6 million, reflecting Zcash and Tron assets that were missed in initial tallying, the exchange explained. Bitget announced on September 24th that abnormal fund outflows occurred in some hot wallets, emphasizing cold wallets are secure and total losses fall within the range of over $464 million in user protection funds. Withdrawals will resume in phases starting with Bitcoin (BTC) on September 28th, while deposits and trading proceed normally. [Read more] 2. SEC releases crypto development, token buyback guidelines US Securities and Exchange Commission (SEC) Corporate Finance division released new frequently asked questions (FAQ) containing cryptocurrency-related guidelines. The SEC stated that ongoing maintenance and network development of already-implemented cryptocurrency systems, and non-security token buybacks may not constitute 'essential managerial efforts' under the Howey Test. However, buybacks promoted for profit generation before a system is functional may be considered managerial efforts, it explained. Staking receipt tokens can be classified as digital instruments or digital goods depending on structure, and this FAQ represents SEC staff views with no legal binding force, it was reported. [Read more] 3. Fake mainnet impersonating GIWA steals 766 ETH A fake mainnet and bridge impersonating Upbit's Web3 project GIWA appeared, resulting in approximately 766 ETH in user funds being stolen. GIWA has not yet launched a mainnet and warned that mainnet RPC information circulating online is not official. According to DYORSWAP investigation, approximately 767.65 ETH was sent to fake bridges from a total of 1,335 addresses, with approximately 766.25 ETH flowing out externally. DYORSWAP views this not as direct smart contract hacking but a scam using fake networks, and is tracking with security firms and fund movement paths. [Read more] 4. Kelp DAO sues LayerZero and co-founder Kelp DAO announced it filed a lawsuit against LayerZero and co-founder Bryan Pellegrino regarding the rsETH bridge hack that occurred earlier this year. Kelp DAO is
📕 ZCASH, EtherFi ETP listed on European stock exchange ✅ 21shares has officially listed Zcash and EtherFi's ETPs (Exchange Traded Products) on the European stock exchange. 📂 Key points 🟢Listed on Euronext Paris and Amsterdam 🟢Annual fees of 2.5% 🟢Zcash spot listing following NYSE in the US ✍ Zcash has been in great form recently, and now they're getting ETP listings in Europe too. EtherFi was quite surprising, but it seems legitimate projects are proceeding with these listings. #International #Zcash #etherfi