Daily Digest - 6 February 2023

Headlines

▌Data: In 2022, the total value of DeFi ecological hacking funds will exceed 6 billion US dollars

Data provided by DefiLlama contributor and encrypted data analyst Kofi shows that the DeFi ecosystem will experience a surge in hacking attacks in 2022, and the total value of stolen funds will exceed US$6 billion. According to Kofi, the $6 billion represents the value of the crypto assets when they were originally stolen. Crypto analyst Nelson Ijih tweeted that the number would be even higher if other "crypto hacks" were included.

Policies

▌New Jersey imposes cease and desist orders on three "pig butchering" websites

The New Jersey Department of Securities has ordered three website operators to stop luring dating software victims into their fraudulent cryptocurrency investment schemes. According to a press release issued by the New Jersey Attorney General on February 3, the three companies that received the cease and desist orders are Meta Capitals Limited, Cresttrademining Limited and Forex Market Trade. The companies lure victims by reaching out to suitors on dating apps such as Tinder through so-called "killer" scams. All three companies claim to be cryptocurrency trading platforms, luring victims into copying their trades so they can reap huge returns. It is reported that "pig butchering” is a scam in which cybercriminals use social media to contact victims, through romantic relationships, and then lure them into fraudulent cryptocurrency investment schemes after gaining trust.

Cryptocurrency

▌A16z voted against the proposal to deploy Uniswap V3 on BNB Chain

OxPlasma Labs proposed to deploy Uniswap V3 on the BNB chain, using Wormhole for deployment. A16z used all 15 million UNI tokens to vote against the proposal. Voting will close on February 10. Andreessen Horowitz’s cryptocurrency arm a16z backed LayerZero as a bridge, while Jump invested in Wormhole. Eddie Lazzarin, a partner of a16z, said that if it is technically supported, we will vote 15 million tokens to LayerZero. We will do the same in future snapshot votes.

▌FTX debtors want to return political donations by the end of February

FTX debtors hope to return political donations before the end of the month, and politicians and political groups who made FTX-related donations should return the money before February 28. FTX debtors are sending confidential notices to recipients of FTX-related donations as lawyers review $93 million in political donations as part of the company’s massive bankruptcy.

▌Justin Sun: DebtDAO will issue airdrops to all FUD holders after FTX officially confirms the actual debt of creditors

Justin Sun, the founder of TRON and a member of Huobi’s global advisory committee, posted on social media that FUD provides a new level of liquidity for FTX creditors, enabling them to trade their FTX debt on the open market, better Gain greater control over your assets and open up new investment opportunities. Through the contract confirmation provided by DebtDAO, the debt scale is about tens of millions of dollars. In the FUD early bird issuance stage, FTX bonds will be sold at a discounted price, 1 FUD = 1 USD, the initial issuance and liquidity of FUD is 20 million, and the fair price is 0 < 1FUD ≤ 5USDT. After FTX restores the database or FTX officially confirms the actual debt of the creditor, DebtDAO will conduct a secondary public offering based on the actual amount of the debt and issue an airdrop to all FUD holders. At that time, the fair price will be 0 < 1 FUD ≤ 1 USD. According to the rules of DebtDAO, users who held 1 FUD before the second public offering will receive an additional 2 FUD airdrop. After the airdrop, DebtDAO will conduct a 1:1 debt repurchase for users who hold FUD.