Binance to refund $3M + Whale lost $24M

Coinigy Team

11 Sep 2023 • 2 min read

Hello there!

Welcome to another exciting crypto roundup from your favorite portfolio tracking and trading platform, Coinigy.

So here we were, thinking Bitcoin would continue its Thursday 26k momentum; only to break our hearts the next day by dropping to 25k.

But no hard feelings—at least, we still have our portfolio intact (that’s if a red chart qualifies as intact)—unlike our whale, who lost $24M.

Here are this week’s highlights

Crypto whale loses $24M in staked Ethereum to phishing attack
Binance creates smart contract to refund users affected by $3M rug pull
MetaMask launches feature to sell ETH for fiat
Visa taps into Solana to widen USDC payment capability

Crypto whale loses $24M in staked Ethereum to phishing attack

A cryptocurrency whale has fallen victim to a massive phishing attack, losing millions of dollars in staked Ether on the liquid staking provider Rocket Pool.

The investor lost their entire address balance of Lido Staked ETH (stETH) and Rocket Pool ETH (rETH) on Sept. 6, the cryptocurrency security firm PeckShield reported.

Here’s the full story.

Binance creates smart contract to refund users affected by $3M rug pull

Crypto exchange Binance has created an automated smart contract to reimburse users following the events of the Xirtam rug pull.

According to a Sept. 6 announcement, users affected by the Xirtam rug pull can receive their money by connecting their wallets to Etherscan, passing a verification check and calling the claim function through the contract address. Users must have submitted their applications by Aug. 2 to be eligible for recovery.

Here’s the complete story.

MetaMask launches feature to sell ETH for fiat

MetaMask Portfolio’s Sell feature allows you to easily cash out your crypto to fiat currency (USD, EUR, GBP). Combined with the Buy feature, it enables you to have a self-sufficient web3 experience with fewer intermediaries and faster fiat conversion directly to your destination of choice where available, like your bank account or PayPal balance.

Here’s how to use it.

Visa taps into Solana to widen USDC payment capability

Visa (V) is diving deeper into crypto to boost the speed of cross-border payment transactions. The San Francisco-based firm has expanded its stablecoin settlement capabilities with Circle's USDC stablecoin to the Solana (SOL) blockchain, designed to offer high-speed performance, Visa said in a statement Tuesday.