Welcome to another crypto news roundup.
How much did you make from Bonk? 😆
Or did you miss it like we did?
Just look at the charts… we’re in max painnnnnn 😭
Christmas did really come early for the folks who got in.
But then, it's one thing to feel sad about the money you could’ve had… it's another thing to cry over the money you had but got stolen.
The latter was the case with some Ledger holders.
Here’s the roundup from last week:
- BONK's Meteoric Rise: Outpaces PEPE With 621% Surge, Secures Third Place in Meme Coin Market
- What We Know About the Massive Ledger Hack
- Arbitrum network went offline for 78 minutes because of inscriptions
- Security breach at NFT Trader leads to US $3 million theft
BONK's Meteoric Rise: Outpaces PEPE With 621% Surge, Secures Third Place in Meme Coin Market
Bonk! ($BONK) surged almost 200% in a week and 1000% over a month following its listing on major crypto exchanges like Coinbase and Binance. This Solana-based meme coin also got listed on other prominent exchanges.
Read more here
What We Know About the Massive Ledger Hack
Nearly $484,000 was stolen in an attack on Ledger's connector library, with the breach involving a compromised Web3 connector and malicious code in various DApps. Although Ledger has not confirmed the exact amount, the impact is believed to be significant.
Arbitrum network went offline for 78 minutes because of inscriptions
Ethereum layer-2 network The Arbitrum Foundation One experienced a 78-minute outage on December 15 due to a surge in traffic. The network has since resumed operations, and high gas fees on the network are expected to normalize soon.
Security breach at NFT Trader leads to US $3 million theft
Trading platform NFT Trader experienced a significant security breach, resulting in the theft of millions of dollars in NFTs. Stolen assets from NFT Trader include 50+ NFTs like Mutant Ape and Bored Ape tokens, with losses of around $3 million.
Other Highlights Worth Checking Out
- Solana Phone Sells Out Amidst $BONK Memecoin Frenzy - NFT Now
- Crypto hacking losses plunge by nearly 50% in 2023: Report - Cointelegraph
- TVL on Real-World Assets Spikes Up 700% as Stablecoin and CBDC Popularity Grows in 2023 - CoinMarketCap
- JPMorgan feels that ETH will outperform BTC in 2024 - Milkroad