💪 ETH devs to launch Zhejiang testnet on Feb 7th, mainnet upgrade expected in March

💪 ETH devs to launch Zhejiang testnet on Feb 7th, mainnet upgrade expected in March 👁️‍🗨️ FBI seized over $260,000 in crypto and NFTs after a tip-off from twitter 🥺 FTX asks politicians to return $93m in contributions from SBF donations

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💪 ETH devs to launch Zhejiang testnet on Feb 7th, mainnet upgrade expected in March 👁️‍🗨️ FBI seized over $260,000 in crypto and NFTs after a tip-off from twitter 🥺 FTX asks politicians to return $93m in contributions from SBF donations

ETH devs to activate Zhejiang public testnet on Feb 7th, mainnet upgrade expected in March

ETH devs are activating the Zhejiang public test network on Feb 7th and it looks like upgrading the blockchain is going to be a piece of cake for them.

Once Zhejiang is upgraded, they'll be ready to launch Shanghai-Capella - an upgrade that will enable ether withdrawals for those who were staking their ETH. Shanghai will work on the execution layer of the blockchain while Capella works on the consensus layer - and they'll all come together to make Shapella in March! Hopefully, it's not going to be a bumpy ride and they'll be able to make a smooth transition.

After the first public testnet - Zhejiang - the ETH team will be then launching the upgrade on Sepolia and then Goerli - assuming the first testnet goes smooth.

FBI seized over $260,000 in crypto and NFTs after a tip-off from twitter

FBI has seized around $260,000 in crypto and NFTs after they were tipped off by a crypto twitter user.

A user that goes by ZachXBT on the social media platform helped to bust Chase Senecal, a resident of Brunswick, Maine, by finding connections between a $60,000  watch he purchased with stolen funds and a string of NFT hack attacks in mid-2022.

FBI seized 86.5678 ETH ($116,433), two NFTs (Bored Ape Yacht Club and Doodle) worth over $100,000 and the Audemars Piguet Royal Oak Watch valued at $41,000 from Chase. ZachXBT previously accused him of being part of a multi-million dollar crypto scheme that compromised more than 600 Discord servers and 12 Twitter accounts.

The arrest has been seen as a huge victory for the crypto community, but it's just a small part of a much larger battle against cybercrime that is being waged daily. The scams and hacks that people are exposed to when dealing with crypto aren't expected to stop anytime soon, so it's always important to stay vigilant and educated about the latest threats.

FTX asks politicians to return $93m in contributions from SBF donations

FTX is now asking politicians to return political donations made by SBF. The exchange said in a press release that they're now sending confidential letters on behalf of their debtors to lawmakers and other political beneficiaries - politely suggesting that these political beneficiaries return the money that SBF generously donated.

According to the debtors' estimates, this amounts to a whopping $93 million, as one in three members of the current U.S. congress received contributions from SBF's (or rather, FTX investors') pocket.

Among other plans to repay its debtors, FTX also has plans to sell off all its non-strategic investments - like its subsidiaries LedgerX, Embed, FTX Japan and FTX Europe - worth around $4.6 billion.

This whole story has all the makings of a hilarious comedy movie, however at its core is an unfortunate truth - regular FTX holders will be left with a hole in their pocket and that's no joke.