This week in the crypto world, we saw two crypto companies at loggerheads, an Ethereum ETF date and Craig Wright get handed it on a plate.
Hope he likes porridge.
WazirX and Liminal Fire Blamethrowers at Each Other
Indian crypto exchange WazirX and its custodian Liminal this week blamed each other for the breach of a WazirX multi-sig wallet which saw $230 million in cryptocurrencies stolen. The hackers, though to be from Lazarus, managed to obtain all the keys needed to access the funds in the wallet, which were shared between the two companies.
In the fallout, WazirX has blamed Liminal, saying that it should heve kept a tighter guard on its keys, while Liminal has said that the wallet in question was set up and maintained outside of its own environment.
Fight, fight, fight!
Ethereum ETFs to Debut on Monday
Institutions desperate to get their hands on some ETH will be able to do so from Monday when the first US Ethereum ETFs go live. The Securities and Exchange Commission (SEC) revealed this week that July 23rd will see the various institutions that have filed for Ethereum ETFs allowed to start trading, six months after Bitcoin got its ETF.
So far, the Ethereum price action hasn’t mirrored that of its older and more established cousin, with inflows expected to be lower as demand is less.
Craig Wright Forced to Admit He’s Not Satoshi
After more than ten years of trying, Craig Wright has finally been forced to admit that he’s not Satoshi Nakamoto. Wright, who started his gambit in February 2014 in an attempt to exculpate himself from multi-million dollar tax penalties, was required to post on his website a notice detailing the recent findings from the COPA vs. Wright trial that Wright was not Satoshi and that he produced only fraudulent evidence during the case.
Wright was also referred to the Crown Prosecution Service over the “wholescale perjury and forgery of documents” found by Justice Mellor, meaning that Wright could face criminal charges over his actions.
