Jesse Powell steps down as CEO, and China now accounts for 84% of all blockchain patent applications. All of that and more from this week in our Hodler’s Digest:
Decentralized finance operations under United Kingdom-based company Wintermute suffered an attack that cost the firm roughly $160 million. Wintermute CEO Evgeny Gaevoy noted the company has enough funds to withstand the loss without affecting customers. Gaevoy expressed willingness to classify the event as a white-hat hack — but only if the violator comes forward.
the attack was not a smart contract exploit as originally thought, but instead a private key issue, according to blockchain security firm CertiK.Filing for Chapter 11 bankruptcy in Texas, Bitcoin mining hosting company Compute North is one of the latest crypto bear market casualties. However, the price of energy also weighed on the firm. The company reportedly has between $100 million and $500 million worth of assets, although its debts total roughly $500 million.