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In the first half of 2023, the crypto exchange Upbit faced 159,000 attacks, marking a 117% surge from early 2022 figures. These persistent threats pushed the exchange to transfer up to 70% of its funds to cold wallets and to ramp up its security measures. However, despite these precautions, the exchange mistakenly recognized fake APT deposits as legitimate. 
Crypto-friendly Rep. Patrick T. McHenry (R-N.C.) has assumed the role of Speaker of the House pro tempore following the ouster of Rep. Kevin McCarthy (R-Calif.). The House voted to remove McCarthy amid a power struggle with far-right lawmakers. McHenry, who is also the chair of the House Financial Services Committee, has been active in advancing crypto regulation bills. Ukrainians Embrace Crypto Literacy with Diia and WhiteBIT
It's been almost a year since the launch of the “Crypto Literacy and Blockchain” educational courses in Ukraine. This initiative was spearheaded by the state-backed platform Diia.Education and Europe's leading crypto exchange, WhiteBIT. Now, it's time to reflect on the initial outcomes. Ukraine's Crypto Future: Expert Predictions and Analysis
On September 29, GNcrypto journalists participated in an online panel discussion titled “European Regulation of the Cryptocurrency Market: Implementation in Ukraine”. Let’s explore the prospects of implementing the European set of cryptocurrency regulation rules, MiCA, in Ukraine. 
Crypto platform Gitcoin accidentally sent 521,440 GTC ($460,000) from its treasury to an unrecoverable smart contract address. The team has acknowledged the oversight and emphasized the importance of handling DAO funds with caution. Some users, meanwhile, suggested viewing the token loss as a straightforward reduction in supply. 
The crypto company LayerZero has forged a partnership with Conflux to roll out a blockchain-based SIM card (BSIM), co-developed by China Telecom. This partnership aims to simplify cross-chain fund transfers, leveraging LayerZero's innovative exchange mechanisms. While it's uncertain whether they can attract China Telecom's 390 million users, the LayerZero CEO remains optimistic. 
According to the Federal Reserve's investigation, Silvergate Bank faced significant challenges due to its exposure to high-risk cryptocurrency deposits and ineffective upper-level management. A significant portion of the bank's deposits were sourced from crypto companies, which lacked traditional insurance and failed to generate substantial interest income. 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. 
On October 1, 2013, the Federal Bureau of Investigation arrested Ross Ulbricht in San Francisco Public Library in Glen Park.
To prevent Ulbricht from encrypting or deleting files on the laptop he used to run the website, two agents, pretending to be a couple, began to argue.
When they successfully distracted Ross, a third agent seized the laptop and inserted a flash drive with software that copied key files.
Ulbricht was remanded without bail and received two life sentences.
Who is Ross Ulbricht and why does every crypto trader know about Silk Road - find out in our article. 