Crypto News on April 19: North Korea’s Tactics, Atari Ditches Token,Embarrassing Leak

2022/04/20By:

Leak Allegedly Shows How Much Crypto Influencers Charge

 

A leaked list appears to show the fees charged by major influencers who promote crypto projects on Twitter. Lindsay Lohan appears on the spreadsheet — and allegedly asking for $35,000 for a “package deal” including two tweets and one retweet. It’s unable to verify whether these pricings are true — and there’s no indication that anyone on the list is breaking the law. Many countries allow celebrities to run such promotions as long as they use the hashtag #ad on their paid posts. The list was tweeted by @zackxbt, who claimed that many influencers did not disclose it. A person named Dapp Center played down the claim, saying he would be happy to share his rates with anyone who asked.

 

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Atari Token Plunges 30% After Gaming Company’s Shock Announcement

 

Atari has announced that it no longer has any affiliation with Atari Tokens — causing the cryptocurrency’s value to plummet. The video game brand has terminated a wide-ranging partnership with the ICICB Group, which also included plans to launch Atari-branded hotels and casinos. In a shock news release, Atari warned ICICB is no longer authorized to represent its brand on the token’s website… or on social media channels. Atari insists it “remains enthusiastic about the potential for blockchain initiatives.” The company has also taken a snapshot of current ATRI owners and plans to compensate them with new tokens at a later date.

 

U.S. Issues New Alert on North Korea Hackers

 

North Korean groups are deliberately targeting crypto exchanges, DeFi protocols, play-to-earn games and high-net-worth individuals, the U.S. government has warned. A new alert by the FBI and the Treasury Department has sought to lift the lid on some of the techniques used by the Lazarus Group. Companies are being urged to patch vulnerabilities, train employees on how to recognize phishing attempts, and use multi-factor authentication. The statement warns that victims of social engineering attacks are often encouraged to download “trojanized” crypto applications that appear genuine. American officials have linked the Lazarus Group to the attack on the Ronin Network, where $625 million was stolen in the largest crypto hack ever seen.

 

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How Much ETH is Owned By the Ethereum Foundation

 

Many crypto projects own a significant portion of their total token supply — raising tough questions about decentralization. But not the Ethereum Foundation. A new financial summary shows that the group owns only 0.3% of the total ETH in circulation. This deal, worth $1.29 billion as of March 31, represents 99.1% of the foundation’s total crypto assets. Interestingly, the Ethereum Foundation also has $300 million in “non-crypto investments and assets” — describing it as a hedge against a multi-year bear market.

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