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NSA whistleblower urges support legal defense for Tornado Cash developer

Ex-CIA contractor and NSA whistleblower Edward Snowden has urged to support the legal defense fund for the Tornado Cash developer. In an X post on Jan. 23, Edward Snowden called for support for the legal defense fund of Roman Storm, co-founder of Tornado Cash, an open-source non-custodial crypto mixing protocol that was sanctioned by the U.S. Treasury for helping North Korea-affiliated hacking groups launder millions of stolen cryptocurrencies. If you can help, please help. Privacy is not a crime. https://t.co/R4vauNLRB4 — Edward Snowden (@Snowden) January 23, 2024 In the post, Snowden urged his followers to back Roman Storm amidst the legal challenges, emphasizing the importance of supporting Storm and saying that “privacy is not a crime.” In a separate post on Jan. 22, Roman Storm himself appealed to his support ers to contribute to his legal defense fund, noting that the outcome of the case “will set a precedent for years to come.” Storm is c...

Blockchain game developer SkyArk Studio raises $15m in round led by Binance Labs

SkyArk Studio, a developer of blockchain-based video games, has secured $15 million from over 40 investors in its latest funding round . In an X announcement on Jan. 12, SkyArk Studio said the funding was led by Binance Labs, with the participation of 40 institutions, including LayerZero CEO Bryan Pellegrino, and Tangent Ventures co-founder Darryl Wang. While the firm did not elaborate on who it plans to use the proceedings from the round , this appears to be the second time Binance backs the video game developer . In late 2021, Binance Labs included the Singapore-based blockchain gaming studio in its incubation program. It is unclear if Binance backed SkyArk Studio financially or through mentorship at the time, however. We're thrilled to announce the successful completion of a $15 million funding round ! @BinanceLabs  led this round with participation from over 40 institutions, including VividThree, a Singapore-listed company, @GuildFiGlobal , @JamboTechnology , @BreederDAO...

Multisig wallets vulnerable to exploitation by Starknet apps, says developer Safeheron

The vulnerability allegedly allows Web3 apps using the Starknet protocol to bypass the security protection of private keys in MPC wallets, potentially exposing users' private keys to wallet providers. Certain Multisignature (multisig) wallets can be exploited by Web3 apps that use the Starknet protocol, according to a March 9 press release provided to Cointelegraph by Multi-Party Computation (MPC) Wallet developer Safeheron. The vulnerability affects MPC wallets that interact with Starknet apps such as dYdX. According to the press release, Safeheron is working with app developer s to patch the vulnerability. According to Safeheron’s protocol documentation, MPC wallets are sometimes used by financial institutions and Web3 app developers to secure crypto assets they own. Similar to a standard multisig wallet, they require multiple signatures for each transaction. But unlike standard multisigs, they do not require specialized smart contracts to be deployed to the blockchain, nor d...