3Commas acknowledged on Wednesday that it was the cause of the API leak. “We viewed the hacker’s message and can confirm that the data in the files is real,” said the company’s co-founder Yuriy Sorokin. The announcement was made following the online publication of 100,000 API keys owned by 3commas members by an unknown Twitter user. Its API keys were stolen by a website called 3Commas, which enables users to combine numerous crypto exchange accounts with automated trading tools. He explains, “If you are a victim, that indicates that your keys were somehow exposed.” As a matter of urgency, Sorokin wrote, “We have requested that Binance, Kucoin, and other supporting exchanges remove all the keys that were associated with 3Commas.”
On Tuesday, Brendan Picha and Max J. Hastings submitted a class-action lawsuit to the U.S. Southern District Court of New York on behalf of themselves and “others similarly situated.” The complaint states that they want a jury trial. After the cryptocurrency exchange, FTX declared bankruptcy and its fallout led to a liquidity crisis at Genesis Trading, which served as Gemini’s borrower, Gemini unexpectedly stopped the program around November 16. New York’s Southern District Court.
China is establishing the nation’s first non-fungible token (NFTs) market. It’s the most recent indication that a technology that has been in a legal gray area in China is being accepted. On January 1st, a ceremony will take place in Beijing, the nation’s capital. According to a report by Chinese state media source China Daily, the platform will be operated by three state-owned and commercial organizations: Huban Digital, a private corporation; China Technology Exchange, a government-backed organization; and Art Exhibitions China.
Read about: Crypto crackdowns and investigations on the rise
