Crypto News– Apple Mac computers equipped with M-series silicon chips are potentially susceptible to exploits that could grant malicious actors access to owners’ private keys. Adding to the concern, the flaw is thought to be unfixable.
What Happened Crypto Markets Today- 22 March Crypto News
Grayscale witnessed outflows exceeding $398 million, although analysts speculate that the downturn may soon cease. In a filing dated March 20 in the Southern District Court of New York, a former executive involved in the $4 billion OneCoin scam has petitioned for leniency, requesting ‘time served’ as punishment.
Apple M-series Chip Vulnerability Raises Concerns Over Access to Encrypted Data
Recent findings by academic researchers have uncovered a significant vulnerability in Apple’s M-series chips, potentially granting malicious actors access to confidential encryption keys stored on MacBook devices.
Published on March 21 by a consortium of researchers from various United States-based universities, the report identifies the vulnerability as a side-channel exploit. This exploit allows hackers to surreptitiously extract end-to-end encryption keys while Apple chips execute commonly used cryptographic protocols.
However, unlike typical vulnerabilities that can be addressed through direct patches, this particular issue is deeply embedded in the microarchitectural design of the silicon itself, rendering it “unpatchable.”
Grayscale Sees Outflows Exceeding 358 Million Dollars, With Analysts Speculating Potential Overshooting
Outflows from Grayscale’s Bitcoin Trust (GBTC) surged to $358.8 million on March 21, marking a significant increase following a week of substantial outflows, with Monday’s $642 million outflow setting a new record, according to data from Farside Investors.
The total outflows for GBTC this week now stand at $1.8 billion. Concurrently, net flows across all 10 Bitcoin ETFs have remained negative for the past four consecutive days.
While concerns have been raised by various market commentators regarding the substantial GBTC outflows and the diminishing inflows into other Bitcoin ETFs compared to previous weeks, Bloomberg ETF analyst Eric Balchunas suggests that these outflows may soon taper off.
In a March 21 post, Balchunas speculated that the majority of Grayscale’s outflows could be attributed to bankruptcies of crypto firms due to their size and consistency, indicating that they may diminish in the coming weeks.
The Attorney of OneCoin Executive Requests ‘Time Served’ in Alleged Cryptocurrency Scam Case
A lawyer representing Irinia Dilkinska, former head of compliance for OneCoin, has petitioned for her to be credited with time served for her involvement in wire fraud and money laundering.
CRYPTO CONTRADICTIONS: In OneCoin Case Irina Dilkinska Wants Time Served, Submits letter saying she is innocent – but she pled guilty – Inner City Press story: https://t.co/bt33xXqyFz Letter on Patreon here https://t.co/lcl49C5hCW
— Inner City Press (@innercitypress) March 21, 2024
According to a March 20 filing in the Southern District of New York, attorney John Buza submitted a sentencing memorandum advocating for leniency on behalf of Dilkinska.
“The memorandum argued, “Ms. Dilkinska’s distinct role in this case, coupled with the dire circumstances she currently faces, all indicate that a sentence of time served would be fitting.”
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