the FTX hacker is dumping on our bags 🤧

The FTX hacker, Polygon on Magic Eden, and Drake's iced out Ledger

November 23, 2022

GM Baos,

The FTX hacker might be dumping on our bags, but hey – Valhalla is above mint price 😆

We cover:

  • The FTX hacker

  • Magic Eden adding a 3rd chain 💜

  • Drake's iced out Ledger

The FTX hacker is selling ETH

Wake up. Check price. Bad price 🥲

On an already illiquid day (Sunday), the FTX hacker decided to start selling their ETH holdings. It's become clear that the hacker was not the Bahamian government...

They moved the stole funds in groups of 15,000 ETH (~$16m). And would dump ETH on-chain by swapping to renBTC, then again to BTC. Interestingly, the Ren Bridge has been used previously to launder at least $540m 🥴

AND the irony, because Alameda Research had acquired Ren Protocol in 2021.

Magic Eden gaming

Are we supposed to dump our SOL for MATIC? 🥹

Magic Eden and Polygon announced they are working together to accelerate the development of blockchain-based games. In addition, Magic Eden will add support for Polygon NFTs. And later add Polygon support for Magic Eden List, Drop Calendar, and analytics.

"Given Polygon’s popularity amongst game developers as a low-cost EVM-compatible chain, integrating Polygon will continue to cement Magic Eden as the go-to Web3 gaming platform"

"Game developers will now have the greatest optionality on Magic Eden; we can invest, launch collections, power in-game activity and drive user acquisition for developers building on Polygon with Magic Eden.” — Zhuoxun Yin, Co-Founder & COO Magic Eden

Being cross-chain has always been Magic Eden's end goal. So which blockchain would you like to see added next?

Drake's iced out Ledger 💎

I think Drake's crypto is safe.

Drake posted a iced out Ledger on his Instagram stories with the caption “Waiting on you, Bitcoin”

“We learned about Drake's iced-out Ledger the same way the rest of the world did, via his Instagram story today,” Ledger’s VP of Communications Ariel Wengroff told Decrypt.

"Ledger doesn't have a partnership with Drake and didn't give him that Ledger, but we're not surprised Drake gets the power of self-custody and protecting his assets,” she added. “Self-sovereignty above all else.”

Celebrities Ledger have partnered with:

  • YG (Scared Money music video)

  • Saweetie (Closer music video)

  • Gunna (20- Carat diamond chain at the Met Gala)

Bao-Sized News

Made us Kek

See ya later Baos 😆

–Cassidy