Here are some of the major developments from the world of crypto over the past few days
FTX users have reported receiving deceptive emails purportedly sent by FTX Trading, West Realm Shires Services and FTX EU. The emails falsely offer FTX creditors an exclusive chance for immediate asset withdrawals, bypassing waiting periods and legal proceedings.
One example of a fraudulent email states: “We are excited to offer the valued priority clients of FTX Trading Ltd., West Realm Shires Services Inc., and FTX EU Ltd., a special opportunity starting today, Oct. 20, 2023. As a priority client, you can now undergo the withdrawal process for your assets on the FTX platform and deposit them directly into your wallet, eliminating any waiting period and court outcomes.”
The email targets users keen to withdraw assets amid the ongoing legal disputes involving Sam Bankman-Fried, the former CEO of the exchange.
The Singapore High Court has allowed financial investigation firm Intelligent Sanctuary (iSanctuary) to attach non-fungible tokens (NFTs) containing a legal document to cold wallets associated with a hack, according to the United Kingdom-based iSanctuary and local media reports.
A court-issued worldwide freeze order was tokenised as Soulbound NFTs, and attached to the wallets in question. The NFTs will not prevent transactions with the wallets, but will serve as a warning to counterparties and exchanges that the wallets were involved in a hack.
In addition, iSanctuary claimed it has devised a means of tracking funds leaving the wallets, thanks to the NFTs. The NFTs will be permanently attached to the wallets. iSanctuary further said on its website that it was employed by a businessperson who had lost $3 million in crypto assets and was able to track the stolen funds.
“The on-chain and off-chain evidence was presented by an iSanctuary senior investigator to the Singapore High Court and the worldwide injunction, a first issued by that court, was granted. iSanctuary financial and crypto investigators identified a series of cold wallets holding the proceeds of the crime and their method of service via NFT was accepted by the court,” iSanctuary said in the post.
Base Network has launched an eight-week long training course for Blockchain developers.
Earlier this year, it had released an online training program called “Base Camp”, which was open to anyone. But it decided that this wasn’t enough, as “keeping the momentum to learn a complex new skill alone can be difficult.”
The Base Bootcamp will now provide more support for developers who don’t want to study alone. It will offer students weekly meetings with a mentor, a dedicated discord server, and access to Coinbase and Base engineers.
In its announcement, Base said that the program is necessary because most software developers still do not know how to build Web 3.0 apps. “Today, there are fewer than 30,000 on-chain developers compared to nearly 30 million software developers. This implies that only 0.1 per cent of software developers work in Web 3.0,” it said in a post.