The Daily: Upbit flags private key vulnerability, MegaETH to return funds from pre-deposit campaign, Do Kwon requests 5-year jail cap, and more
Upbit patched a private key vulnerability, MegaETH will refund pre-deposit funds, and Do Kwon seeks a five-year sentence cap.Summary
The daily crypto news roundup highlights several key developments. South Korean exchange Upbit discovered and patched an internal wallet flaw that could allow attackers to derive private keys, discovered during an audit following a $30 million hack, though the flaw was not directly linked to the breach. Separately, MegaETH, an upcoming Ethereum L2, announced it will refund all funds from its pre-deposit bridge campaign due to "sloppy" execution, including outages and a misconfigured multisig that caused an early reopening. In legal news, Terraform Labs founder Do Kwon requested a U.S. court cap his prison sentence at five years for fraud related to the Terra-Luna collapse, arguing mitigating factors against the government's 12-year recommendation. Other news includes BitMine purchasing $44 million in Ethereum, Balancer proposing an $8 million distribution to victims of a recent exploit, and a look ahead at next week's economic data and crypto token unlocks.
(Source：The Block)