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ThorChain Hits $355 Million Transaction Record Amid Hacker Surge
ThorChain's transaction volume has surged to a record $355 million. An influx of hacker activity on the network has led to total transactions topping $1 billion in just five days. Over the past four months, over 50% of the funds swapped from ETH to BTC on ThorSwap have been stolen. Is ThorSwap Facilitating Illicit Activities?
A recent investigation into ThorSwap, a platform enabling asset transfers across blockchains, raises concerns about its misuse by hackers from North Korea and russia. In the last four months, more than 50% of ETH converted to BTC through ThorSwap has been linked to either previous thefts via exploits or money laundering activities. The study's author highlights that criminal entities often exploit decentralized technologies. However, many developers seem to overlook this issue. 
Mixin's Compensation Strategy Unveiled:
"We will compensate users for up to 50% of the stolen assets. Additionally, 'tokenized claims' will be issued, with an intent for Mixin to buy them back from future profits."
Moreover, the BTC.TOP mining pool's CEO is adamant that the bitcoins held within Mixin's protocol shouldn't have gone missing.
He emphasized that Mixin's standard practice was to keep their bitcoins in cold storage, making them impervious to the cloud server breach that compromised their hot wallets. Analysts Predict Minimal Market Impact from FTX Liquidations
FTX's portfolio liquidation is unlikely to shake the market significantly, as noted by Coinbase in their latest weekly report.
They cited multiple reasons supporting this claim.
1. Weekly Sell Limits: Initially, liquidations are capped at $50 million per week for digital assets. This limit will gradually increase to $100 million in subsequent weeks. Any permanent increase to a maximum limit of $200 million requires approval from two committees representing FTX debtors.
2. Insider-Affiliated Tokens: Stricter controls govern the sale of “insider-affiliated” tokens, necessitating a 10-day advance notice to the same committees.
3. Locked Holdings: A significant portion of FTX’s SOL holdings, along with some other tokens, are locked until approximately 2025 due to token vesting schedules, limiting their availability for sale.
4. Hedging Measures: FTX has the option to hedge its sales of BTC, ETH, and other debtor-identified assets through an investment advisor, contingent on prior committee approval. These precautions ensure a measured and controlled approach to asset liquidation. 
Crypto Market Analysis: BTC, ETH, and PAXG on October 2, 2023
The crypto market experienced a serene weekend with no significant volatility, but by Monday morning, BTC surged by 4%! Here’s an analysis of the market situation for Bitcoin (BTC), Ethereum (ETH), and gold (PAXG) as of Monday, October 2. Guatemala Uses Bitcoin Blockchain for Presidential Elections
Guatemala has become the world's first nation to utilize the BTC blockchain for presidential election vote tallying. Remarkably, the Bitcoin network was not employed for cryptocurrency transactions; instead, it played a pivotal role in guaranteeing transparency and upholding democratic principles in the voting process. 