Daily Crypto News | June 5th, 2022

2022.06.05 News 2

1. BAYC, OtherSide Discord groups have been attacked, over 145 $ETH stolen.

Yuga Labs is the creator of Bore Ape Yacht Club (BAYC) and OtherSide, 2 of the most popular ape-themed NFTs. Recently, Yuga Labs has witnessed yet another orchestrated phishing attack with investors losing over 145 $ETH worths nearly $260,000 for now.

The attack was revealed by OKHotshot, a blockchain detective and a member of the Crypto Twitter community. They’ve alerted crypto investors about the compromise of two official Discord groups linked to BAYC and OtherSide NFTs. Firstly, the discord account of Boris Vagner, community and social manager for Yuga Labs, has been hacked. Then, scammers shared various phishing links from Vagner’s Discord account into the official BAYC and Otherside groups.

2. CZ – CEO of Binance visited Vietnam.

Lots of official Vietnamese press sites announce that Changpeng Zhao ‘CZ’ – CEO of the world’s largest cryptocurrency exchange Binance had a trip to Vietnam on early June.

On the first day in Hanoi, CZ had a meeting with the Vietnamese Blockchain technology community to share experiences, visions and opportunities in the 4.0 era. In the afternoon of June 3, CZ also had an interview with VTV to talk about blockchain and the potential for developing this technology in Vietnam.

On the morning of June 4, he continued to be at Melia Hotel, Hanoi, to sign the official cooperation agreement between Vietnam Blockchain Association and Binance. Crypto billionaire will share his perspective on the future of technology in the process of global digital transformation as well as Vietnam’s opportunities in the new wave of technology. In addition, the CEO of Binance will have many exchanges with the growing business community and blockchain applications in Vietnam.

During 2022, CZ will travel around the world promoting the brand and signing agreements to assist countries in the adoption and development of blockchain technology.

photo 2022 06 05 17.11.40

3. India: CBDC can Kills Private Crypto.

In discussion with the International Monetary Fund (IMF), the deputy governor of the Reserve Bank of India T Rabi Sankar, reflected an anti-crypto stance as he spoke about India’s potential to disrupt the crypto and blockchain ecosystem.
Rabi Sankar highlightened the success of the Unified Payments Interface (UPI), an India’s in-house fiat-based peer-to-peer payments system, which has seen an average adoption and transaction growth of 160% per anum over the last five years. Its success based on its simplicity.

Then he compared UPI to Blockchain, which was just introduced before UPI started, even today is being referred to as a potentially revolutionary technology. Blockchain use cases haven’t really been established that much at the speed it initially was hoped for.

4. Charitable Foundation in UAE is Approved to Accept Crypto Donations.

Al Jalila Foundation, a healthcare organization based in United Arab Emirates (UAE), announced that it has been given permission to accept digital money and that well-wishers can now donate via cryptocurrencies. By accepting cryptocurrencies, the Foundation has become one of the first nonprofit organizations from the UAE to do so.

In a recently statement, Al Jalila Foundation has also partnered with an unnamed leading cryptocurrency platform. Accepting cryptocurrency donations gives the Foundation an opportunity to get funding via what the statement calls a fast-growing donation method favored by Millennial and Gen-Z donors.

5. Investors May Lost over $1B in Crypto Scams since 2021.

The U.S. Federal Trade Commission has revealed that since 2021 more than 46,000 people have been scammed and the total money they lost was over $1 billion. The FTC is the only federal agency in the country with both consumer protection and competition jurisdiction in broad sectors of the economy.

Only in the Q1.2022, the losses due to crypto fraud amounted to $329 million. The top platforms reported by investors were Instagram (32%), Facebook (26%), Whatsapp (9%), and Telegram (7%).