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Today's Top Crypto Headlines:
Wiz Khalifa Hacked | MetaWin Online Casino Exploit | Binance FUD | Off The Grid Trump-Harris Skins and more...
Good Morning Crypto Enthusiasts!
Glad to have you back for another edition of the UseTheBitcoin.com newsletter.
Wiz Khalifa Hacked and Promoted Memecoin: Wiz Khalifa’s X account, with 35.7 million followers, was hacked on November 3 to promote a fraudulent memecoin named “WIZ.” The scam momentarily pushed WIZ’s market cap to $3.4 million, but it crashed to $28,000 within an hour as early investors sold off.
MetaWin Online Casino Exploit: On November 3, online casino MetaWin suffered a $4 million hack, compromising its hot wallets through a vulnerability in its withdrawal system.
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Binance FUD: Binance co-founder Yi He addressed allegations that Binance demanded 15% of an unnamed project’s total token supply for listing.
💡Feature of the Day - Off The Grid Trump-Harris Skins: Gunzilla Games' battle royale game "Off The Grid" has stirred controversy with its “Save Democracy Content Pack,” featuring skins resembling Donald Trump and Kamala Harris.
All this and more in today’s headlines!
📰 News Highlights:
Wiz Khalifa’s X account, with a massive following of 35.7 million, was hacked on November 3, and used to promote a sham memecoin called “WIZ.”
The post falsely claimed Khalifa had collaborated with his team to launch the token, drawing significant interest that briefly pushed WIZ’s valuation to $3.4 million.
However, the coin’s market cap plummeted to under $28,000 within an hour as early holders offloaded their positions, with current valuations sitting at just $8,400.
Blockchain analyst ZachXBT linked the attack to a known hacker who recently hijacked Truth Terminal developer Andy Ayrey’s account to promote similar scams.
Khalifa's account has not yet confirmed its recovery from the hack, and the fraudulent WIZ token promotions have been removed.
MetaWin, an online casino platform, was hit by a $4 million hack on November 3, becoming the latest victim in a series of crypto-related exploits.
CEO Skel reported that the attacker breached MetaWin’s hot wallets through the platform’s withdrawal system, leading to a temporary suspension of all withdrawals.
As of now, 95% of withdrawals have been reinstated. Blockchain sleuth ZackXBT tracked the stolen funds, noting they were funneled to exchanges KuCoin and HitBTC, with more than 115 associated addresses identified.
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Binance co-founder Yi He has spoken out to clarify the exchange’s asset listing policies following claims that Binance demanded 15% of an unnamed project's total token supply for a listing.
#4 If the project does not pass the screening process, no matter how much money or how many coins will not be listed.
#DYOR Binance has listed projects in the token distribution column, please analyze the percentage to know if there is a so-called 20%.
#Airdrop The airdrop… x.com/i/web/status/1…— Yi He (@heyibinance)
2:58 PM • Nov 3, 2024
Yi He denied the allegations, emphasizing that Binance’s policy, in place since 2018, is transparent: listing fees are considered “donations” and are fully allocated to charity.
I recently spoke with a Tier 1 project that raised close to nine figures.
After wasting over a year of due diligence with Binance, they finally received a listing offer.
Binance asked for 15% of their total token supply.
Imagine paying $50–$100M just for a CEX listing.
Not… x.com/i/web/status/1…
— Simon (@sjdedic)
6:08 PM • Oct 31, 2024
She reiterated that Binance does not charge a fixed amount or demand a percentage of token supply.
Binance charged us $0.
Coinbase has asked us for; $300m, $50m, $30m, and more recently $60m.
Lots of respect. But this is simply not true.
— Andre Cronje (@AndreCronjeTech)
11:25 AM • Nov 3, 2024
The controversy sparked a broader debate on social media, with figures like Sonic co-founder Andre Cronje accusing other centralized exchanges, such as Coinbase, of similar practices.
💡 Feature of the Day:
Off The Grid, a third-person battle royale game, has stirred controversy with its “Save Democracy Content Pack” featuring characters resembling U.S. presidential candidates Donald Trump and Kamala Harris.
Do you have what it takes to 🇺🇸 Save Democracy 🇺🇸? Join Red or Blue in the biggest fight on Teardrop!
otg.gg/play
Save Democracy Content Pack is available now!
*Both characters are fictional. Voices performed by actors. Gunzilla Games does not endorse any… x.com/i/web/status/1…
— Off The Grid (@playoffthegrid)
4:41 PM • Nov 1, 2024
The skins incorporate voice lines that reference each candidate's real-world policies, with the Trump-like character mocking international manufacturing and the Harris-inspired figure calling for taxing the wealthy.
This is the most INSANE content pack I have ever seen.
Kamala with the Ripper at the end tho... lol
— 'Stache (@CryptoStache)
5:09 PM • Nov 1, 2024
The content pack has been described as “insane” and “wild” by gamers, generating mixed reactions online.
It feels like April Fools, Halloween and elections all at the same time 🤣
— Mat (@MatDefies)
4:45 PM • Nov 1, 2024
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See you all tomorrow’s edition!
Jonathan Gibson
UseTheBitcoin.com