NFT Trader lost about $3 million as a result of hacking.

Unknown persons attacked the outdated smart contracts of the NFT Trader platform and withdrew non-fungible tokens. The project team confirmed the incident.

Revoke Cash specialists estimated the losses at approximately $3 million. Most of the damage was made up of NFTs from the Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) collections.

Later, an unknown person announced his readiness to return the stolen NFTs for a reward of 10%. According to him, the original hacker was another user.

"I'm a good person. The value of these NFTs is enough to live freely, but I don't care. I prefer to collect leftover trash. [...] If you want the NFTs back, pay me the reward I deserve," he wrote.

Following this, Boring Security DAO announced the return of 36 BAYC and 18 MAYC, providing victims of the hack with a free return of their tokens. The team paid 10% of the cost for each token.

 

Prices for the Solana Saga smartphone have jumped to $5,000 on eBay.

Solana has announced that all Saga phones are sold out.

The lack of smartphones in the official store and the excitement around the Bonk mem coin provoked an increase in prices for the device in the secondary market.

On eBay, two smartphones were immediately sold for $5,000, and another 20 phones were purchased for $2,000 each.

 

The SEC has postponed the decision on the launch of ETH-ETF to May 2024.

The US Securities and Exchange Commission is delaying its decision on several ETH-ETFs until the end of May 2024.

In particular, on December 18, the agency postponed its decision on the Hashdex Nasdaq Ethereum ETF and the Grayscale Ethereum Futures ETF.

 

Atomic Wallet has committed $1 million to its bug detection program.

Developer Atomic Wallet has launched a $1 million bug bounty program to find security flaws in its wallet software, according to a Dec. 18 post. The program's launch comes amid an ongoing $100 million class-action lawsuit against the developer related to the June hack.

According to the post, the development team is inviting white hat hackers and security experts from around the world to find software bugs and security flaws in its open-source code. White hat hackers who find the most severe type of vulnerability and report it to the team will receive $100,000.

 

China intends to strengthen the development of NFTs and Web3, despite the ban on cryptocurrencies.

China's Ministry of Industry and Information Technology plans to stimulate the development of NFTs and decentralized applications (dApps) despite the current ban on cryptocurrencies.

The government is committed to encouraging the exploration of new business models such as NFTs and dApps, and accelerating the adoption of innovative Web 3.0 solutions.

The ministry plans to launch pilot projects related to distributed digital identity to explore authentication and digital identity management tools in Web 3.0.

Despite the ban on cryptocurrencies, China has made progress in blockchain technology, including the launch of a national decentralized real-name ID system.

 

Dogecoin will be integrated into Twitter, says the director of MyDoge Wallet.

MyDoge Wallet CTO Alex Lewis claims that the meme-based digital asset Dogecoin (DOGE) is being integrated into Twitter, renamed X.

Lewis said X's management has submitted applications for custodial services, some of which have already been approved by officials.

For example, the authorities of the US state of Rhode Island issued a license to the platform for performing currency transfers, giving the right to process payments in digital assets.

In this regard, the expert believes that X users will be able to link bank accounts to their accounts to pay for goods and services, as well as create wallets for storing Dogecoin coins, which will become a means of payment and a tool for rewarding content creators.