🥲 Do Kwon finally gets caught

🥲 Do Kwon finally gets caught 🥺 ARB claim website goes down due to massive traffic 🥷 Kaspersky survey: one third of crypto owners have had their funds stolen

GM!

$VEMP's private / VC investors are now fully vested, and this means that inflation is dropping! Right around the time of our 1.5 year BDAY, inflation is now below the teens and DROPPING MORE EACH YEAR!

This is a great sign for our future, and something to celebrate! We've come a long way in a short amount of time, and we are looking forward to the next phase of growth.

Here's what recently happened in the space:

🥲 Do Kwon finally gets caught

🥺 ARB claim website goes down due to massive traffic

🥷 Kaspersky survey: one third of crypto owners have had their funds stolen

Do Kwon finally gets caught

After months of hunting for Do Kwon, Montenegro's Minister of Interior, Filip Adzic, confirmed the arrest of Do Kwon yesterday. Montenegro police believe they have apprehended the correct person and are now in the process of verifying Do Kwon's identity.

Do Kwon was believed to be hiding in Serbia after the collapse of Terraform Labs, a Singapore-based company he co-founded and served as CEO. The company was plagued with allegations of financial mismanagement and fraud, which led to its eventual downfall. South Korean officials even travelled to Serbia to investigate the case and catch Do Kwon.

Now that he has been apprehended, hopefully the truth will be uncovered and those affected by Terra's collapse can find justice.

ARB claim website goes down due to massive traffic

Users who were claiming free ARB airdrops crashed the claim website. The homepage reported a 429 error, indicating that it was overwhelmed by user traffic. Furthermore, Arbiscan, a data platform where users could collect Arbitrum related metrics such as gas fees and transaction numbers, also crashed with the message "The service is unavailable".

This has probably happened because of a massive farming campaign by users who were trying to capitalize on the airdrops.

Most of the eligible wallets are expected to receive around 625 tokens, while some wallets that fulfilled the entire eligibility criteria are expected to receive 10,250 tokens. Despite these technical issues, according to Nansen, around 14.5% of the total ARB claims have been processed during this period.

Kaspersky survey: one third of crypto owners have had their funds stolen

Kaspersky, an old PC antivirus software company, published a report which examined the "dangers" of crypto, an a look at the users, including investors encountering scams, fraudulent websites, identity theft, and theft of crypto assets. The survey was conducted with 2,000 American adults between October 20 and October 24, 2022.

The report showed that one-third of the respondents who own crypto assets have had their funds stolen. It also found that only a third of crypto owners take the necessary steps to protect their digital holdings, such as being careful with their seed phrases, using two-factor authentication and strong passwords.

The stolen amounts ranged from less than $100 to over a million dollars. The most common range was between $1,001 and $10,000 with 15% of respondents revealing losses in the higher range of between $100,000 and $1 million.

As always, it's important to be vigilant and take the necessary steps to safeguard your crypto. Be sure you are using strong passwords, two-factor authentication, and never tell anyone your seed phrase.