In June, the amount of losses caused by various security incidents increased significantly compared with May. In June, more than 24 more typical security incidents occurred, and the total loss caused by various security incidents was about 97.664 million US dollars, an increase of about 54.3% compared with May. The biggest security incident this month came from the Atomic Wallet wallet theft, with a loss of about $67 million. The second largest security incident was the alleged attack by the crypto prime brokerage firm Floating Point Group, which lost $20 million in cryptocurrency. In June, the number of rug pull incidents decreased significantly, but there were still 3 incidents in which the amount of escape exceeded 1 million US dollars. Users need to be more vigilant.
#DeFiField
13 typical security incidents , resulting in a loss of about 26.289 million US dollars
① On June 1, Cellframe Network encountered a price manipulation attack, and the attacker made a profit of 245 BNB (about 74,000 US dollars)
② On June 1, DD Coin was attacked and lost about 126,000 USDT.
③ On June 7, MURATIAI was attacked and lost about $70,000.
④ On June 11, the Sell Token of BNB Chain was attacked by a flash loan, resulting in a loss of about US$94,000.
⑤ A spokesman for Floating Point Group (FPG), an encrypted prime brokerage company, said that it was attacked by a cyber attack on June 11 and has lost about $20 million in cryptocurrency.
⑥ On June 11, Atlantis Loans suffered a governance attack and lost about $2.5 million.
⑦ On June 12, SturdyFinance suffered a reentrancy vulnerability attack and lost about 700,000 US dollars.
⑧ On June 15, Hashflow was attacked by white hat hackers. The stolen loss was about $600,000, and users were able to get back their stolen assets.
⑨ On June 17, the lending protocol PawnFi was attacked and lost about $800,000.
⑩ On June 18, Midas Capital was attacked by hackers and lost about US$600,000.
⑪ On June 19, the token ARA was attacked, and the loss was about 125,000 US dollars.
⑫ On June 24, ShidoGlobal was attacked and lost about $230,000.
⑬ On June 28, the encrypted lending protocol Themis was attacked by oracle machine manipulation, and the attacker made a profit of about 370,000 US dollars.
#Exchange side
1 typical security incident , resulting in a loss of approximately US$ 865,000
① On June 30, there was a loophole in the migration contract of the BiSwap exchange, and hackers made a profit of 865,000 US dollars from it.
#encryption wallet field
2 typical security incidents , resulting in a loss of about 67 million US dollars
① On June 3, a number of Atomic Wallet users posted on social media that their wallet assets had been stolen, with losses of at least US$67 million.
② New cryptocurrency theft software Mystic Stealer appeared in June, which can attack 40 browsers, 70 browser extensions, and cryptocurrency wallets, such as MetaMask, Coinbase Wallet, Binance, Rabby Wallet, OKX Wallet, OneKey, etc. Well-known wallets.
#fraud escape
4 typical security incidents , resulting in a loss of approximately US$ 3.51 million
① On June 7, a Rug Pull occurred on the USEA token on BNB Chain, resulting in a loss of about US$1.1 million.
② On June 19, two Rug Pulls occurred in the VPANDA DAO project, with a total loss of about 1.13 million US dollars.
③ On June 20, a rug pull occurred in the Zera project, and the scammers made a profit of about 280,000 US dollars.
④ On June 27, a Rug Pull occurred in the Chibi Finance project on the Arbitrum chain, resulting in a loss of about US$1 million, which has been transferred to Tornado Cash.
#encryption case
① On June 23, on-chain detective ZachXBT stated that Animoon, an NFT scam involving $6.3 million investigated in 2022, is currently under criminal investigation in France.
② On June 24th, the U.S. Commodity Futures Trading Commission (CFTC) charged William Koo Ichioka with defrauding $21 million in a cryptocurrency Ponzi scheme.
③ According to news on June 25, South Korean police arrested three suspects in a "blockchain technology-based dog nose print recognition" fraud project, involving 166.4 billion won (about 127 million U.S. dollars).
④ Shilou police smashed a virtual currency money laundering criminal gang. In June, the Shilou County Public Security Bureau conducted a thorough investigation and went to Guangdong and Fujian to fight continuously, smashed a virtual currency money laundering criminal gang, successfully arrested 12 criminal suspects, and recovered more than 1 million yuan for the victims.
⑤The South Korean police arrested three suspects in a "blockchain technology-based dog nose pattern recognition" fraud project and charged another 64 people with fraud, involving 166.4 billion won (about 127 million U.S. dollars). South Korean police said it was a "typical Ponzi scheme".
summary
Security incidents in the wallet field were more prominent this month. The Atomic Wallet wallet security incident involved a huge amount of money. There was also Mystic Stealer, a cryptocurrency theft software targeting well-known wallets such as MetaMask, Coinbase Wallet, Binance, Rabby Wallet, OKX Wallet, and OneKey. It is recommended that users must be more vigilant to ensure the safety of their own assets.
#Blockchain Policy
①Dalian released the three-year action plan for the innovation and development of the Industrial Metaverse
It is pointed out that around key goals such as technological reserves, application cultivation and ecological construction of the industrial metaverse, more than 30 typical application scenario projects will be built, more than 30 key enterprises in the industrial metaverse field will be cultivated, and more than 30 metaverse-related fields will be built. Empowering innovation centers.
②The new EU data law will not make smart contracts illegal
A spokesperson for the European Commission said the new EU data law would not make smart contracts illegal, allaying concerns in the crypto industry about stifling blockchain innovation.
③Guangxi released 10 boxes of tasks to build a national data exchange for ASEAN
④Shanghai released the "Shanghai "Metaverse" Key Technology Public Relations Action Plan (2023-2025)"
⑤Jinan City released the "Eight Policies for the Yuan Universe in the Starting Area"
The starting area will support the construction of metaverse innovation platforms, and provide financial subsidies of 30%, 20%, and 10% of the actual investment amount to newly recognized platforms at the national, provincial, and municipal levels, respectively, with a maximum of 10 million yuan and 8 million yuan respectively. RMB, 5 million rewards.
⑥Hong Kong Monetary Authority is drafting a "stable currency" regulatory framework
A second round of public consultation on the regulatory framework is planned to be completed within this year
⑦EU formally signs MiCA regulation into law
⑧ Hong Kong Financial Secretary Chen Maobo: Cooperation with the People's Bank of China on digital renminbi cross-border retail payments has entered the second phase of testing
⑨Chengdu issued the "2023 Chengdu Metaverse Scene Construction Work Plan"
#blockchain industry development
①The country's first urban cultural blockchain "Wendu Chain" goes online
②Shanghai will create a group of leading enterprises and unicorn enterprises in the new track of the Cultural Tourism Metaverse
③PKO Bank Polski, a large Polish bank, held its first job fair on Metaverse
④BNS open alliance chain "Yan'an Chain" will be released soon
BNS "Yan'an Chain" is defined as an official application governance chain, dedicated to providing distributed applications from authoritative organizations with public service attributes.
⑤ The first metaverse industry patent pool in China was launched, and the first batch of patents was opened to license
⑥The list of pilot areas for blockchain development and innovative application of blockchain in Henan Province was officially announced
#blockchain application promotion
①Chongqing Yubei District Court realized "paperless" process reengineering in the whole process of online case handling
②Enterprises in Jiangsu Industrial Park have developed a blockchain-based origin management information service platform.
③Suzhou Industrial Park used to run the application of "supervision of prepaid funds" to protect parents' enrollment
④ Haikou's "Blockchain + Electronic Letter of Guarantee" application system empowers enterprises to develop steadily
⑤ Fu block chain certificate storage platform boosts the construction of digital prosecution
⑥ "Jinzheng Cloud" electronic data deposit certificate platform launched
The platform is an innovative achievement in the field of intellectual property protection.
#blockchain industry technology development
①Ouyi OKX cooperates with TradingView to launch mobile terminal integration
②Ethereum side chain SKALE announced the launch of the cross-chain bridge Metaport Bridge
③The MatterLabs team launched the modular toolkit ZKStack
This toolkit is used to build a hyperchain network on top of the Ethereum Layer 2 solution zkSync Era.
#Digital Assets
Countries and regions around the world hope to pass some bills, regulations and other initiatives to strengthen the supervision of cryptocurrencies.
①UK lawmakers call for early introduction of encryption regulations to oversee encryption regulation
Prime Minister Rishi Sunak’s government recently concluded a consultation proposing that the United Kingdom regulate cryptocurrencies by bringing them within the scope of existing financial services regulations.
②Australian central bank: support the development of stablecoin regulatory mechanisms
The Reserve Bank of Australia (RBA) draft legislation on the regulation of cryptocurrencies, custodial services and stablecoin issuance stated that stablecoins are likely to occupy a more important position in the financial system. The Australian central bank supports the development of stablecoin regulatory mechanisms and supports innovation. With proper safeguards for investors and users, stablecoins can be widely used for payments.
③ British FCA official: After the cryptocurrency promotion rules come into effect, free promotion of NFT and cryptocurrency airdrops will be prohibited
Matthew Long, head of payments and digital assets at the UK's Financial Conduct Authority (FCA), said that after the UK's cryptocurrency financial promotion rules come into effect on October 8, it will be prohibited to promote investment in digital assets through airdrops of free NFTs or cryptocurrencies. But cryptocurrency airdrops and NFTs themselves will not be banned, just promotional activities involving airdrops.
④Nigeria will impose a 10% capital gains tax on cryptocurrencies
Former Nigerian President Muhammadu Buhari signed the Finance Act 2023 into law on the eve of leaving office on May 28. The bill introduces a series of tax reforms aimed at modernizing the country’s fiscal framework, including a 10 percent tax on gains from the disposal of digital assets, including cryptocurrencies, among its provisions.
⑤Berenberg: Stable currency and DeFi may become the next target of the US SEC crackdown
The investment bank said the U.S. Securities and Exchange Commission (SEC) may now focus on bringing stablecoins, including the two largest by market cap, tether (USDT) and dollarcoin (USDC), as well as decentralized financial protocols, under regulation .
⑥French real estate company Apsys will allow all its shopping centers to use cryptocurrencies for payment
French real estate company Apsys has signed a cooperation agreement with the French crypto payment provider, indicating that the European country may be the next country to embrace cryptocurrency-driven commerce. Apsys will allow customers to pay with cryptocurrencies in all of its shopping malls.
⑦Monetary Authority of Singapore proposes relevant standards for digital currency
On June 21, the Monetary Authority of Singapore released a white paper today proposing a common agreement to stipulate the conditions for the use of digital currencies, such as central bank digital currencies, tokenized bank deposits, and stablecoins on distributed ledgers.
⑧The Central Bank of Zimbabwe will launch a P2P platform to facilitate gold-backed cryptocurrency transactions
⑨Deutsche Bank applies for regulatory license to provide cryptocurrency custody services
⑩The UK’s new guidelines for encrypted advertising stipulate that terms that mislead consumers such as anti-inflation should not be used
The UK Financial Conduct Authority (FCA) will implement stricter regulatory rules for crypto advertisers starting October 8, including: prohibiting investment incentives such as referring friends or bonuses for new entrants, prohibiting the use of crypto airdrops and other incentives to guide users invest.
⑪The Accounting Oversight Board of Listed Companies in the United States has increased its supervision of auditors involved in cryptocurrency transactions
⑫The Seoul South District Prosecutor’s Office established a virtual asset joint investigation team to investigate encryption-related crimes
⑬Brazil issued the cryptocurrency regulation decree, identifying the central bank as the encryption regulator
⑭ Yingbaoding City realizes digital RMB salary payment in fiscal budget
⑮European Central Bank officials: recommend that central banks resist the urge to allow stablecoin issuers to obtain central bank reserves
⑯The UK's Financial Services and Markets Act received royal assent into law
A bill in the United Kingdom giving regulators powers to oversee cryptocurrencies and stablecoins received King Charles' assent on Thursday, marking the final formal stage for the bill to become law.
①ChatGPT user account was hacked and the data was sold on the dark web
Between June 2022 and May 2023, 4,588 Egyptians had their ChatGPT accounts hacked and their data sold on the dark web.
②SEC cooperates with several European countries to investigate information about Binance
Police and financial regulators in several European countries are working with the U.S. Securities and Exchange Commission (SEC) to find out more about Binance, people familiar with the matter said.
③Data: There are more than 420 million cryptocurrency users in the world, of which 260 million are in Asia
According to Triple data, as of 2023, it is estimated that the average global cryptocurrency ownership rate is 4.2%, and there are more than 420 million cryptocurrency users worldwide, most of which are in Asia (260 million), followed by North America (54 million), Africa (38 million ) and South America (33 million).
④Five U.S. law enforcement agencies form a new working group to combat digital currency crimes
On June 20, local time, five law enforcement agencies in the United States officially announced the establishment of a darknet market and digital currency crime task force to combat crimes related to the darknet and digital currency. The new organization will target "cryptocurrency-backed crimes" such as drug trafficking, money laundering, theft of personal information and child exploitation.
The five law enforcement agencies include Arizona Homeland Security Investigations (HSI), the U.S. Attorney's Office, the Internal Revenue Service Criminal Investigations, the Drug Enforcement Administration and the Postal Inspection Service.
⑤The development of Hong Kong in the field of web3 has formed three waves
Liang Hanjing, director of financial and financial technology of the Hong Kong Investment Promotion Agency, said that from 2022 to the present, Hong Kong has formed three waves of development in the field of web3. The first wave will be in the fourth quarter of 2022, and local awareness is very exciting; the second wave began at the beginning of this year, when Chinese from all over the world, including mainland investors, came to Hong Kong; and the third wave started in the past one or two months Inspur, many foreign web3 practitioners and organization founders also came to Hong Kong.
⑥Belgian FSMA ordered Binance to immediately stop providing services to users in the country
Belgian authorities have joined regulators in European and American countries in taking action against Binance, ordering Binance to cease operations in the country. The Belgian Financial Services and Markets Authority (FSMA) stated that Binance offers trading and wallet custody services from non-EEA member states in Belgium, which is prohibited. The agency asked Binance to take immediate steps to return all Belgian customers’ encryption keys and virtual currency held by Binance for their accounts, or transfer them to authorized service agencies.
⑦ The Hong Kong UGC has launched a HK$100 million innovation and technology education fund, which intends to support teaching in the fields of web3 and generative AI
Encourage the eight funded universities to use innovative technologies to promote teaching innovation, and support universities' experimental and exploratory efforts in teaching in technical fields such as generative artificial intelligence, web3 and digital capabilities.
References:
The content of this article comes from the collation and collection of public data, and some of the content is quoted from "CCID Blockchain Research Institute"
Important reminder: This article only organizes industry information and does not constitute any investment advice or guarantee