Binance got leaked

Sensitive information belonging to Binance was reportedly leaked on GitHub, including code, internal passwords, and security measures such as multi-factor authentication (MFA).

February 04, 2024 • Estimated Reading Time: 6 minutes

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The Blends Briefs
TL’DR: Here’s a sneak peek into today’s newsletter

  • Binance's internal data got leaked on GitHub

  • Solana registers an all-time high in monthly new addresses for January.

  • Bybit submits a license application in Hong Kong.

  • Thai regulator orders Zipmex to suspend digital asset trading and brokerage services.

  • Dictionomics: Trust Wallet

Global Biscuits

Binance's internal data got leaked on GitHub
Sensitive information belonging to Binance was reportedly leaked on GitHub, including code, internal passwords, and security measures such as multi-factor authentication (MFA). The leaked material, posted by an account named "Termf," included infrastructure diagrams and passwords for systems labelled "prod," indicating they were likely used in live site operations. Binance issued a copyright takedown request to remove the data from GitHub after being contacted by 404 Media in January. While Binance confirmed the leaked code belonged to the exchange, it stated that the leaked information posed a negligible risk to user security and assets. However, concerns remain about the potential implications of the leak. Decrypt has reached out to Binance for further comment on the matter.

Solana registers all-time high in monthly new addresses for January.
Solana experienced a notable surge in new addresses during January, reaching an all-time high of nearly 12 million, according to data from The Block. This represents an 18% increase compared to December and surpasses the previous record set in May 2022. The spike in new addresses coincides with increased activity on native decentralized exchanges (DEXs) and memecoins like Wen and Bonk. Additionally, the release of Jupiter's native token, the largest decentralized exchange aggregator on the Solana network, likely contributed to the uptick. Despite this growth, the 7-day average daily active addresses remain below the levels seen in May 2022. Solana's native coin, SOL, has also experienced a price recovery from its 2022 lows, reaching yearly highs of $120 by the end of December 2023, although it has since slightly decreased. As of the latest data, SOL is trading up by 6% at $101.3.

Tastes of the regions

Bybit submits license application in Hong Kong.
Bybit, a prominent crypto exchange, has submitted a license application in Hong Kong to operate as a "virtual asset trading platform," as confirmed in a statement shared with The Block. The application was filed on Wednesday through the entity Spark Fintech Limited, according to the Hong Kong Securities and Futures Commission's website. Bybit's move aligns with Hong Kong's welcoming stance towards crypto firms, contrasting with China's crackdown on crypto trading and mining. Hong Kong initiated its crypto licensing regime for virtual asset trading platforms in June 2023, granting licenses to two platforms so far: HashKey and OSL. Additionally, the city is preparing for spot crypto exchange-traded funds (ETFs), with regulators reviewing existing policies to facilitate their introduction. This regulatory environment has attracted interest from various companies, including Harvest Fund Management, which recently submitted an application for a spot bitcoin ETF through its Hong Kong arm.

Thai regulator orders Zipmex to suspend digital asset trading and brokerage services.
Thailand's Securities and Exchange Commission (SEC) has ordered Zipmex, a Singapore-based crypto exchange, to suspend its digital asset trading and brokerage services due to regulatory concerns. Despite previous directives to address issues related to its liquid capital and management structure, Zipmex failed to meet the SEC's requirements. The company has been given 15 days to rectify its financial position and establish measures to prevent the improper use of customer funds. Zipmex had already halted trading and deposit services and encouraged customers to withdraw their assets in December and January. The exchange froze withdrawals in July 2022 after being impacted by the collapse of the Terra ecosystem. Despite proposing a restructuring plan in November 2023, which offered creditors 3.35 cents on the dollar, Zipmex's efforts faced resistance from major creditors seeking a comprehensive review of its assets and liabilities.

Dictionomics:   Trust Wallet

To use Trust Wallet, you need to download and install the app on your mobile device, either from the App Store or Google Play. You can then create a new wallet or import an existing one using your recovery phrase. You will also need to set up security features such as a passcode and biometric authentication. Trust Wallet allows you to buy, send, receive and swap crypto with different methods and networks. You can also stake and earn interest on some supported coins, and connect to DApps using the inbuilt browser or WalletConnect. You can manage multiple wallets and change settings and preferences within the app. Trust Wallet is a simple and secure way to store and access your crypto assets.

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