🥹 PUBG to start integrating NFTs in 2023

🥹 PUBG to start integrating NFTs in 2023 💀 Midas Investments closes after the FTX crash 🧷 Mango Markets hacker arrested in Puerto Rico after $110 million exploit

GM, frens.

This year has been one heck of an adventure for all of us. Ups and downs in the crypto market, new technologies being developed, and all the drama that comes with it. But no matter what's happened, we can always count on each other to get through it.

So let’s raise a glass to the wild ride that was 2022, and toast to 2023 being even better! Stay resilient $vEmpions, keep grinding, and may the gains be with you! Cheers! 🥂🚀❤️

🥹 PUBG to start integrating NFTs in 2023

💀 Midas Investments closes after the FTX crash

🧷 Mango Markets hacker arrested in Puerto Rico after $110 million exploit

PUBG to start integrating NFTs in 2023

PUBG, a popular battle royale game, is looking to integrate NFTs into its ecosystem. To achieve this, PUBG is collaborating with Banger, a platform specializing in integrating non-fungible tokens into the ecosystem of different games. The update is tentatively scheduled to go live in 2023 and it will be handled by Banger.

Players who enroll for the alpha test period will automatically qualify for a special Banger digital collectible. This collectible cannot be traded, but it is a significant marker of the player’s involvement in PUBG NFT integration. The Banger digital collection will demonstrate not only their commitment to gaming, but also their enthusiasm for upcoming blockchain trends.

The integration of NFTs into PUBG will open new opportunities and bring a whole new level of entertainment to the gaming sector. Moreover, it will set a strong precedent for other game developers, who may follow in the footsteps of PUBG and incorporate NFTs into their own games.

Though the cryptocurrency market may not have a great year in 2022, the gaming sector is looking ahead to 2023 with hope and anticipation. Popular games like PUBG and others are integrating NFTs into their ecosystems which means that the future of WEB3 gaming looks bright.

Midas Investments closes after the FTX crash

FTX crash has caused another major cryptocurrency platform to shut down.

Midas Investments, a crypto-investment firm, is the latest victim of FTX's financial woes as it has disabled deposits and swaps on its platform due to severe losses caused by the bankruptcy of Celsius and FTX’s failure.

In an effort to improve their platform, Midas Investments’ CEO Iakov Levin has announced that they will focus on a new project in the year to come. He mentioned that it will be "fully transparent" and offer an “improved investment experience” for users. As if that would be any consolation for the investors who have lost money in this disastrous episode.

Levin revealed that their company experienced a devastating loss of $50 million (20% of its AUM which was already at $250 million) this spring as customers withdrew significant amounts in the wake of Celsius and FTX's collapses. Despite trying to rely on fundraising or even other solutions, they were unable to resolve the problem.

The CEO expressed his deep regret to all those affected by the platform's closure and assured them that he is working on the necessary changes to ensure this issue doesn't happen again: “I understand the difficult decision to close Midas and apologize to anyone who lost money. I will do my best to make sure you can recoup your losses in the new project.”

It's dispiriting to see yet another crypto-investment firm go down in flames, this time due to the collapse of one of their biggest competitors. No matter what happens, it looks like Midas' investors will be feeling the brunt of this unfortunate situation for some time to come.

Mango Markets hacker arrested in Puerto Rico after $110 million exploit

Seems like authorities finally got a break in one of the biggest crypto heists this year, as the Mango Markets (MM) hacker, Avraham Eisenberg, was arrested in Puerto Rico yesterday. Apparently, he thought that taking a beach vacation was a better plan than living a life on the run.

The hacker had pulled off a massive $110 million exploit on the Solana (SOL)-based DeFi trading platform, and authorities have been on the hunt ever since. After months of trailing, they finally got their man in Puerto Rico.

Eisenberg admitted in October that he was responsible for the scheme and he now faces charges of commodities fraud and manipulation. According to FBI Special Agent Brandon Racz's deposition, Eisenberg was able to manipulate the price of perpetual futures contracts on Mango Markets, allowing him to borrow and withdraw large amounts of crypto assets from the platform.

It's a fitting end to the year for crypto traders who had to suffer from this exploit - at least now they can rest easy (if that's possible) knowing that this hacker is no longer free to roam the blockchain.