LensLinks: Issue 25

Today in LensLinks:

• $1B Crypto Hack Fears Spur 20% GALA Plunge

• Is, "the crypto market bottom ...‘almost in’"?

• Moonvember kicks off with sweeping staff layoffs across crypto

• Limit Break CEO Gabriel Leydon’s Twitter account was hacked

• A new pay transparency law in New York City is offering an unprecedented, if narrow, look at what people in the video game industry make

• 101: What is Axie Infinity?

• And Much, Much, More...

In brief:

Limit Break CEO Gabriel Leydon’s Twitter account was hacked on Wednesday and used to spread a scam link.

The attacker successfully stole NFTs and crypto from users that interacted with the scam link. Leydon alleges wrongdoing by an AT&T employee.

KEY POINTS

Klaytn is a South Korean metaverse crypto that delivered eye-popping returns in October.

The cryptocurrency has made a number of recent moves to address investor concerns about its supply and distribution.

There still are concerns about the long-term health of the metaverse sector.

Chaos ensnared Gala Games late Thursday, as fears of a potentially billion-dollar hack – or maybe a rug pull – drove its native GALA token down 20%, while a firm apparently related to the crypto play-to-earn platform said that they had actually effectively attacked themselves to prevent bad actors from absconding with users' money.

Concerns developed after a single blockchain address appeared to mint over $1 billion worth of GALA token out of thin air. When crypto watchdogs PeckShield flagged that, pNetwork – which provides routing infrastructure for decentralized finance (DeFi) and gaming tokens, including apparently GALA – seemed to imply that it was behind the mint.

“We noticed pGALA wasn’t to be considered safe anymore and coordinated the white hat attack to prevent pGALA from being maliciously exploited,” they said, suggesting that the new tokens were printed as a way to help pNetwork drain a faulty PancakeSwap pool.

$7.8 bln of trades were via Iran's biggest crypto exchange Nobitex

Revelations come amid U.S. Justice Department probe into Binance

Binance says is not a U.S. company, but has taken proactive steps to limit exposure to the Iranian marketplace

Metaverse & Gaming - A Little More...

Blockchain, Tokens & Defi - A Little More...

Crypto Trading - A Little More...

Lowery teamed up with chiropractic neurologist Nelson Mane to develop the program, then launched it commercially shortly before the pandemic. During the lockdowns, homebound families found themselves desperate for alternatives to in-person therapy. Between in-home setups (using the same Kinect technology as an Xbox) and treatment centers in Minnesota and Delaware , over 100 families have gone through the program.

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Disclaimer: This note is distributed by Regiment, LLC for informational purposes only and is sourced from publicly available media reports. It is not an investment recommendation or solicitation for any investment. The information is current as of date and subject to change. In such case Regiment, LLC does not undertake to provide any updates. Recipients must be aware that any private, alternative investments discussed are speculative in nature, often illiquid, and subject to loss of capital.