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Blockchain security firm CertiK believes the $2.4 million draining of a CoinSpot hot wallet is likely the result of a “private key compromise.” Australian crypto exchange CoinSpot has reportedly been hacked for $2.4 million in a “probable private key compromise” over at least one of its hot wallet s. According to a Nov. 8 post to his Telegram channel, blockchain sleuth ZachXBT highlighted two transactions entering the alleged hackers wallet. Afterwards, the wallet’s owner bridged the funds to the Bitcoin (BTC) network via ThorChain and Wan Bridge. In emailed comments to Cointelegraph, blockchain security firm CertiK said the alleged exploit was the result of a “probable private key compromise” on at least one CoinSpot hot wallet. According to data from Etherscan, a transaction totalling 1,262 Ether (ETH) — worth $2.4 million at current prices — came from a known CoinSpot wallet and entered the alleged hackers wallet . The presumed attacker stole 1,262 ETH from a known CoinSpot wall...

On Friday, July 14, crypto investment firm Monochrome Asset Management announced that its partner, Vasco Trustees, updated its application with the Australian Securities Exchange [ASX] to offer a spot Bitcoin ETF. According to the official statement, the Monochrome Bitcoin ETF [IBTC] will provide investors with “direct exposure” to Bitcoin. Monochrome announced today on 14 July 2023, its Responsible Entity partner, Vasco Trustees Ltd, lodged an updated application with the ASX to list the Monochrome #Bitcoin ETF , an exchange traded fund that will have direct exposure to bitcoin . Read more: https://t.co/LfxoRkOywW — Monochrome (@MonochromeAsset) July 13, 2023 Also Read: Spot Bitcoin ETF ‘Rejections’ Might Not Stop BTC’s Bull Run: Why? The move reportedly marked the first filing for a spot Bitcoin ETF on ASX under Australia’s new crypto laws. As per the ASIC’s revised guidance, a high level of “institutional su...

Everledger was quietly placed into insolvency after it didn’t manage to materialize its planned funding round from an undisclosed investor. The Australian blockchain company Everledger has reportedly entered insolvency proceedings after failing to raise new funding from an undisclosed investor. Everledger, which uses blockchain to track the provenance of diamonds and other goods, failed to make its latest funding round happen, the AFR reported on May 8. Subsequently, Everledger was quietly placed into voluntary administration as the firm could not pay its debts. All Everledger employees were given layoff notices on March 31, with Vincents Chartered Accountants being appointed as administrators on April 24. The first meeting of creditors was scheduled for May 8. According to Everledger founder Leanne Kemp, the company’s management was forced to take this decision to protect the interests of shareholders. “The second tranche of funding due to Everledger did not materialize, and subse...