Crititcal Vulnerability to be Found in MakerDAO

Users who staked MKR in the current MakerDAO Governance Voting Contract (approx.190) should immediately withdraw funds from the old contract to a private wallet
07 May 2019   688

The Maker Foundation, a non-profit organization in partnership with Coinbase and the Zeppelin platform, conducted a second round of an audit of a MakerDAO network voting smart contract, during which a critical vulnerability was discovered. The developers initiated an urgent upgrade.

You are not in danger of losing your MKR if you own one of the ~190 addresses who have staked MKR in the current MakerDAO Governance Voting Contract, but you are advised to move your MKR out of the old contract and back into your personal wallet immediately.
 

Rich_at_MakerDAO

Head of Community Development, MakerDAO

Instructions can be found on the link.

However, the developers stressed that user funds remain secure, and the vulnerability has already been fixed. Those who do not participate in the voting weren't affected by the problem.

In the last vote on the additional collection was attended by 114 876 MKR (over $ 60 million).

Earlier it became known that a number of top managers left the Maker Foundation because of a conflict with the founder of the project, Rune Christensen, who allegedly made an attempt to centralize control over the Maker development fund.

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   315

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.