Crypto Hacks Drop 70% in Q1 2023, Binance Responds

• Security news: $400 million was stolen across nearly 40 crypto attacks in Q1 2023, a 70% decrease from Q1 2022.
• Exchange news: Binance pushed back against a Reuters article alleging the exchange commingled customer funds with revenue. Coinbase is also responding to the SEC in regards to filing a writ of mandamus.
• Blockchain news: Solana Foundation announced that Solana integrated AI with ChatGPT plugin and launched an AI accelerator program and strategic grant program.

Crypto Hacks Drop 70%, Binance CSO Responds to ‚Weak‘ Article, Solana Integrates AI

Security News

According to new research from security firm TRM Labs, around $400 million was stolen across nearly 40 cryptocurrency attacks in the first three months of 2023 – down 70% from the same period in 2022. This amount is less than any quarter in 2022, despite crypto prices dropping during this period as well. Victims have recovered over half of all stolen funds in Q1 2023 so far.

Exchange News

Binance responded to a Reuters article that alleged the exchange commingled customer funds with revenue in 2020 and 2021, saying it was filled with conspiracy theories without evidence other than a “former insider”. Coinbase also responded to the US Securities and Exchange Commission (SEC) regarding filing a writ of mandamus, saying that mandamus is appropriate if the agency has made up its mind not to engage in rulemaking requested by Coinbase’s petition, and that it should issue such writ within 7 days.

Blockchain News

The Solana Foundation announced that Solana became „the first Layer 1 blockchain“ to integrate artificial intelligence (AI) with a ChatGPT plugin developed by Solana Labs. It is available as a download on Github and an AI accelerator program for university students and strategic grant program are launched to accelerate usage and integration of AI into blockchain projects.