Weekly Cryptocurrency News. Friday, March 31


Friday, 31st of March. As the week comes to an end, we can focus on the highlights of the crypto industry.

NFT collector accidentally burns $129k CryptoPunk

Brandon Riley, an NFT trader, mistakenly sent CryptoPunk #685 to a burning address. Two weeks ago, he bought the token for 77 ETH worth $129,000 at the time.

The investor admitted that as a result he lost a third of his fortune. According to Riley’s own explanation, he decided to wrap his NFT for using it as a collateral on the NFTfi.com platform, as well as to generate passive income of about 7% per year.

As per the trader, he strictly followed the given instructions, but eventually entered the wrong address. Hence Riley shifted the token to a one-way gateway, where the asset can no longer be retrieved. 

Here’s what Riley admitted in his Twitter: “This is truly a devastating mistake for me. But I did this myself, and it is no one’s fault but my own.”

However, he managed to get the token back in some other way – one of the crypto enthusiasts presented him with a similar NFT issued in the bitcoin blockchain on the Ordinals protocol.

As you may remember, in early March, CryptoPunk collection owner Yuga Labs held an auction to sell NFT TwelveFold on the blockchain of the first-ever cryptocurrency.

Radiant Capital token up 25% after listing on Binance

Binance, the crypto exchange, announced the listing of Radiant Capital’s RDNT token. The price of the asset surged by more than 25% overnight.

The platform has enabled deposit acceptance in RDNT for trading in the innovation zone through three spot pairs – speficially, with BTC, TUSD and USDT. As for the latter coin, there is a margin trading available.

Radiant Capital is a decentralized, omni-channel money market protocol. Users can post collateral in one of the major networks and borrow in the other one. As a native utility-token, RDNT is used for liquidity mining and governance. 

According to DeFi Llama, the value of frozen assets at Radiant Capital is $166.3 million. The L2-based Arbitrum protocol also supports the BNB Chain.

After the listing was announced on Binance, RDNT price climbed from $0.34 to $0.45. At the time of writing, the prices have refined, but the overnight growth in price is equal to 25.8%.

The exchange team reminded that the platform’s innovation zone is designed to trade new tokens with higher volatility and risk than others. This, RDNT is included in this category in Binance.

Recall that at the end of 2022, the exchange expanded the number of supported assets in the list to 357.

Hackers steal BTC in 52 countries through fake Tor browser

The crooks distribute CryptoClipper Trojan under the guise of Tor browser on third-party Internet resources. This was reported by experts from Kaspersky Lab.

Once in the victim’s system, the clipper registers itself in the autorun tasks under the guise of some popular application, such as uTorrent.

When a cryptocurrency address is detected in the system clipboard, it automatically replaces it with one of the attacker’s wallets. The clipper is capable of making swaps in Bitcoin, Ethereum, Litecoin, Dogecoin and Monero networks.

More than 15,000 users in 52 countries have already fallen a prey to the malicious campaign. The largest number of attacks was recorded in the Russian Federation, where the Tor browser has been blocked since late 2021. The top ten countries in the number of victims also included the United States, Germany, Uzbekistan, Belarus, China, the Netherlands, Britain and France. 

It is estimated by the analysts that more than $400,000 worth of crypto was stolen in 2023 by means of malware. 

Earlier, ESET Research specialists discovered Trojan analogues of Telegram and WhatsApp for Android and Windows, aimed at stealing cryptocurrencies and able to recognize seed phrases from screenshots.

THORChain network suspended due to vulnerability

Developers of the THORChain multichain protocol halted the functioning of the network because of “credible reports of a potential vulnerability.”

“Out of an abundance of caution, steps have been taken to halt THORChain globally,” clarified a team member dubbed Pluto (9R).

The project’s officials confirmed on Twitter that the trading will be suspended while an investigation is undertaken.

“The validity of the claim is currently being assessed,” the report said.

RUNE price has fallen to $1.33 (by 4.8%) in the past 24 hours, according to CoinGecko. The price drop is approximately consistent with the market trend: BTC fell by 2.5%during this period, and the total market cap of cryptocurrencies decreased by 2.2%.

The value of the assets suspended in the protocol is $113.8 million. The index lost 3.82% overnight, according to DeFi Llama.

On October 27, 2022, the THORchain network experienced a massive disruption. The developers recovered the protocol after 20.5 hours.

Recall that the mainnet of the project was launched in June. A month later, the network halted operations due to a series of hacker attacks.

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