Trader buys $1.5M CryptoPunk for $23K via old smart contract, $22M hacked from Indonesian exchange

It’s nice to wake up to a green lock screen this morning as we see both crypto and crypto-related stocks bounce back from the recent dip. Nevertheless, the latest data from Santiment shows that whales’ transactions are down significantly since Bitcoin’s last all-time high in March as the market battles the general state of malaise. Elsewhere, we see yet another crypto exchange hack, this time with the Indonesian exchange Indodax, which went offline after $22 million was stolen from its hot wallets. Former Alameda Research CEO Caroline Ellison asks for time served and thus a non-custodial sentence, citing her cooperation with the US government as justification for the leniency. And finally, one trader makes use of a mechanism that allows them to acquire a $1.5 million CryptoPunk for just $23,000.

Further reading:

• Bitcoin whale transactions see ‘noticeable’ drop since March price peak
• Crypto stocks recover from dip as polls say Harris won debate against Trump
• Indonesian crypto exchange Indodax goes offline after suspected $22M hack
• Caroline Ellison asks for time served, citing cooperation with US gov’t
• Trader’s acquisition of $1.5M CryptoPunk for $23K raises eyebrows

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.