Weekend Wrap: Ether Strategy’s wrong address, El Salvador’s Satoshi statue and more
Ether Strategy recently faced a significant incident where users deposited 165 Ether, worth $414,000, into the wrong wallet address due to a user interface misconfiguration during its testing phase. Although Ether Strategy took corrective action and ensured that existing depositors were not affected, the project still announced it would not launch as planned due to insufficient demand. Furthermore, in El Salvador, a statue honoring Bitcoin's creator, Satoshi Nakamoto, was unveiled, designed to provide a unique disappearing effect. Valentina Picozzi, the artist, emphasized the statue’s representation of a hacker and tribute to the community of developers contributing to Bitcoin. Meanwhile, the Australian Federal Police exposed a crypto romance scam that targeted over 5,000 Australians, which involved con artists impersonating romantic interests online to gain cryptocurrency investments. Lastly, Japan's Finance Minister announced plans for reviewing the country’s crypto tax laws by June, responding to critiques that the current system imposes heavy burdens on crypto traders.
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