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A few months after Multichain lost approximately $125 million in assets and ceased to exist, the remaining team members have announced the launch of a new project.
It was named ValueRouter, and its functionality entirely mirrors the previous application, as if nothing had changed.
This provoked skepticism and dissatisfaction within the cryptocurrency community.
ZachXBT, a famous blockchain detective, advised the team to take care of the lacking $125 million before taking on another questionable project. 
The body of Spanish crypto influencer Fernando Perez Algaba was tragically discovered in Argentina. He had been declared missing since last Tuesday.
On July 23, children in Ingeniero Budge found a suitcase containing his amputated limbs. The police subsequently found his torso on the next day, and his head was located in a backpack on July 25.
The motive for murder was related to his debts. A note left by Algaba’s explained that he had lost a significant amount of money invested in cryptocurrencies. 
10 Tragic Tales of Lost Digital Riches
Throughout the history of the crypto market, there have been countless instances where folks have lost their hard-earned digital fortunes. Many experts believe that almost 20% of all Bitcoins have vanished forever. Here are some of the most educational and sobering tales. 
How Many ETH Were Lost Forever Due to Developer Mistakes?
According to Coinbase director Conor Grogan users have lost access to 636,000 ETH since the network was created, either due to serious vulnerabilities in smart contracts or simply their own carelessness. At the time of writing, this equates to approximately $1.1 billion. 
Crypto Industry's Support for Formula 1 Endures Amid Crisis
The new season of Formula 1 started off in Bahrain this March, and it looks like almost 40% of the teams have lost their crypto sponsors compared to the 2022 season. The ongoing crisis has led to a decline in marketing activity among the players, but it's still too early to say that it has come to a complete halt. Yesterday, the Cyvers team raised alarms over a questionable HTX transaction. Their concerns grew when there was no communication in return.
Fast forward to today, the damage is clear: 5,000 ETH, or $7.9 million, is gone, snatched by a hacker.
The HTX team has proposed a 5% reward for the return of the funds. Should the hacker decline, they plan to engage law enforcement.
"Compared to the $3 billion in assets held by Huobi HTX users, $8 million is a small number. This is only equivalent to two weeks of revenue from the HTX platform," Justin Sun stated in X.
The underlying issue behind the breach has been eliminated, he adds, and the exchange will reimburse the lost amount. 
On August 30, Judge Katherine Polk Failla delivered a significant ruling on a case brought forth by Uniswap users who alleged they lost funds due to scam tokens on the platform. She stated that ETH and Bitcoin qualify as crypto commodities, a pivotal factor in her decision to close the Uniswap case.J udge was not persuaded by arguments suggesting Uniswap token sales were subject to the Exchange Act. Failla is also the judge overseeing the SEC’s case against Coinbase. 
Craig Wright, who asserts he is Bitcoin's creator, has lost his libel case appeal against Peter McCormack. Wright had claimed McCormack damaged his reputation by calling him a fraud who didn't invent Bitcoin.
Initially, the court found McCormack's comments defamatory but reduced damages to £1 due to Wright's conduct. The UK Court of Appeal upheld this decision, stating Wright failed to produce adequate evidence for his claims. 
Ripple Labs Stands Strong, Refuses to Back Down
Kylie Kim, the lead defense attorney for Ripple Labs Inc. in their lawsuit against the SEC, has filed a motion to withdraw from the case. This move has induced a slight panic within the Ripple community and even instigated rumors that the lawsuit could be lost. However, the situation isn't as dire as it seems. 
$25 Million Lost in Attack on MEV Bots
The MEV bots function as high-frequency traders that capture arbitrage opportunities by leveraging the speed and intricacies of blockchain operations. However, these bots put large sums of money at risk to manipulate prices to sufficient levels, making them vulnerable to exploits. 
Payouts will begin on March 10 and will be made in both BTC and fiat. As of now, the applicants will receive about a fifth of the claim amount.
For 2019, the exchange balance was 142 thousand BTC ($3.3 billion), 143 thousand BCH ($19 million) and $510 million in Japanese yen.
It must be said that the situation with Mt.Gox was so hopeless that many investors perceived the receipt of their coins as a gift from the gods. In addition, bitcoins were lost at a completely different price.
Adam Beck, CEO of lending company Blockstream, says:
“I pretty much wrote off the bitcoins I had on Mt.Gox as a loss. So philosophically, whatever I get now is a cold storage bonus.”