Author: Cointelegraph by Yohan Yun

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Backlash as WazirX ‘socializes’ $235M loss, $10B metaverse plan for shut-ins: Asia Express

Backlash to WasirX’s “socialized loss” strategy, Philippines wants Binance off app store, Japan’s metaverse plan for shut-ins. Asia Express. Source link

5 ways crypto bots are ruining crypto — including auto memecoin rug pulls

Crypto bots are automatically rug-pulling memecoins, extracting billions in MEV and ruining airdrops for users and projects alike. Source link

How crypto bots are ruining crypto — including auto memecoin rug pulls

Crypto bots are automatically rug-pulling memecoins, extracting billions in MEV and ruining airdrops for users and projects alike. Source link

Toyota’s love for Ethereum, HK nods inverse Bitcoin ETF, stablecoin: Asia Express

Asia’s top automobile manufacturer’s latest research details how Ethereum can turn vehicles into public infrastructure as Korean police crack $2M drug case, and more! Source link

Indian finance minister ignores crypto industry’s budget tax plea

Local crypto businesses pushed for a reduction in the 1% TDS to 0.01% to revive its customer base. Source link

WazirX hackers prepped 8 days before attack, swindlers fake fiat for USDT: Asia Express

WazirX hackers were preparing 8 days before the $235M theft The hackers behind the $235 million WazirX crypto exchange breach began preparing onchain at least eight days prior, according to Polygon Labs’s security chief. WazirX, one of India’s largest cryptocurrency exchanges, lost hundreds of millions to a multisig wallet hack on Thursday, July 18, which…
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Singapore ‘not ready’ for Bitcoin ETFs, sneaky crypto mining rig importer: Asia Express

Singapore isn’t in a rush to list crypto ETFs, according to SGX CEO this week as Philippines charges two over a $6M XRP hot wallet hack. Source link

Decade after Ethereum ICO: Blockchain forensics end double-spending debate

Magazine and Gray Wolf’s investigation concluded that Bitcoin was not double spent in Ethereum’s 2014 ICO, but illicit actors may have laundered their dirty crypto. Source link

As Ethereum phishing gets harder, drainers move to TON and Bitcoin

Telegram’s TON is rising as the hottest blockchain of the summer, and cryptocurrency drainers are taking notice. Source link

‘Bitcoin Layer 2’ sidechains aren’t really L2s: There is a better way

Money has pumped into 73 Bitcoin ‘Layer-2’ scaling solutions this year. But many are just insecure sidechains. There is a better way. Source link