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Crypto Evening Briefing: S. Korean Crypto Exchange Gdac Hacked for Nearly $13M

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S. Korean Crypto Exchange Gdac Hacked for Nearly $13M

South Korean cryptocurrency exchange Gdac has reported a hack that resulted in the loss of nearly $13 million on April 9. The hackers transferred 23% of the exchange's total custodial assets from its hot wallet to an unidentified wallet, stealing nearly 61 bitcoin (BTC), 350.5 ether (ETH), 10 million wemix token (WEMIX), and 220,000 USDT. 

Hong Kong Financial Secretary Says Now is the "Right Time" for Web3 Push, Despite Crypto Market Fluctuations

Hong Kong has already taken serious steps to develop the Web3 industry and its financial secretary says now is the right time to keep moving forward.

Justin Sun Reveals Q1 Financial Results: $30M Profit, Amid Huobi's Exchange Business Consolidation

Sun Yuchen（Justin Sun）, founder of the Tron blockchain platform, has announced the financial results of Huobi for the first quarter of 2023. Despite the bearish market conditions, the group's revenue was $150 million, with expenses totaling $120 million, resulting in a profit of $30 million.

OpenAI Finds Fresh Support From Japan Amid Global Country-wide Bans

Japan has expressed its support for OpenAI, stating that it would consider incorporating artificial intelligence (AI) technology, such as OpenAI's ChatGPT chatbot, into government systems if privacy and cybersecurity issues are addressed.

Terraport Allegedly Hacked, Nearly 15 Billion LUNC Drained

Terraport, a recently-launched Terra Classic DeFi platform developed by TerraCVita, has reportedly been hacked, with all of its liquidity drained. Data from Terra Finder suggests that almost $4 million worth of Terra Classic (LUNC), TerraClassicUSD (USTC), and TERRA has been drained.

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $28,283.07 USD, jumped by 1.25% in the last 24 hours;

ETH’s live price is $1,855.64 USD, jumped by 0.96% in the last 24 hours;

BNB’s live price is $312.30 USD, jumped by 0.47% in the last 24 hours;

XRP's live price is $0.5042 USD, jumped by 0.09% in the last 24 hours.

Fundraising News

Aptos Eden Becomes First Asian Project to Secure Funding from Aptos Foundation's Funding Program

Aptos Eden, an education and ecosystem aggregation platform focused on the development of the Move programming language, has secured a significant milestone in its development journey. The project has become the first in Asia to be selected for funding through the Aptos Foundation's funding program, which aims to provide support to innovative blockchain projects.

LABEL Foundation Secures 7 Digit Investment From DWF Labs

LABEL Foundation, a Korean-based organization dedicated to revolutionizing the music industry through the power of blockchain technology, has secured a major investment in the venture round funding from DWF Labs, the multi-stage Web 3.0 investment firm. DWF Labs, that has recently been labeled as a top crypto investor by Coindesk, has injected $1 million in LABEL’s ecosystem to foster the development of their pioneering Dapp TRACKS and to expand their user base by bringing innovative solutions to the market.

SevenX Ventures Joins Caldera's Seed Funding Round for Customizable Layer-Two Rollup Solutions

Blockchain infrastructure provider Caldera has announced that SevenX Ventures has joined its seed funding round as an additional investor. SevenX Ventures is an experienced venture capital firm that supports early-stage tech and blockchain startups. 

Bitget Launches $100M Web3 Fund to Support Next-Generation Crypto Projects in Asia

Bitget, a top crypto derivatives and copy trading platform, launched its Bitget Web3 Fund during the Hong Kong Blockchain Week, with an initial investment of $100 million. The fund will focus on investing in Web3-friendly venture capital and outstanding Web3 projects, with the goal of supporting the development of the next generation of crypto projects.

Bitcoin Bitcoin $64,484.66
+1.6%
DWF Labs Web3 Polygon Ethereum Hong Kong Bitget Justin Sun Huobi AI Japan Terra Classic LUNC
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