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🦴 SHIB Community Battles Hackers

The Shiba Inu community is facing security challenges after hackers compromised the Telegram account of a Shibarium Telegram channel admin called Ragnar.

The hackers are spreading false information about a fraudulent BONE airdrop. Prominent figures in the SHIB community are warning users not to interact with the hacked account. In parallel, the Shibarium blockchain, pivotal to the Shiba Inu ecosystem, is nearing its one million block milestone. Despite these challenges, the SHIB community has showcased resilience by burning an impressive 38,942,436 SHIB tokens in 24 hours.

📚 The Book About FTX Paints Too Positive Image of SBF

Cryptocurrency investigator Coffeezilla has criticized Michael Lewis' new book about Sam Bankman-Fried (SBF) suggesting it paints an overly positive picture of the embattled billionaire.

The book, titled "Going Infinite: The Rise and Fall of a New Tycoon," traces FTX's journey from its zenith to its decline under Bankman-Fried. Coffeezilla highlights discrepancies between the portrayal in Lewis' book and the narrative suggested by court documents and investor losses. He emphasizes that the book seems to defend SBF while questioning others involved in the bankruptcy.

🎤 Debate Between Solana Co-Founder and Vitalik Buterin

Solana's Total Value Locked (TVL) reached a high of $338.82 million this Monday.

Anatoly Yakovenko, co-founder of Solana, criticized Ethereum on social media, leading to a debate between him and Vitalik Buterin. Concerns arise as the FTX estate prepares to sell a vast portion of its Solana (SOL) tokens, potentially influencing the coin's price. Historically, Solana's TVL hit over $10 billion in November 2021 but declined sharply afterward. In recent market activity, SOL's price dropped by 2.04%, although it remains one of the best weekly performers.

🚔 Hong Kong Forms Group to Oversee Crypto Trading

Hong Kong police, in conjunction with the city's financial regulatory body, the Securities and Futures Commission (SFC), have established a working group to oversee cryptocurrency trading platforms.

This decision follows a recent crackdown on the JPEX crypto exchange. The working group is tasked with enhancing coordination and information sharing on suspicious activities connected to virtual asset trading platforms. The initiative aims to address the risks and challenges that virtual asset trading platforms (VATPs) present, ensuring the safety of Hong Kong's public. The recent heightened oversight is a response to the misleading information propagated by JPEX and some crypto influencers.

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