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Bybit announced that it listed the Hamster Kombat token for pre-market trading. Scammers posing as Coinbase representatives stole $1.7 million from a victim in a single phone call. Meanwhile, Britain’s crypto advocates demanded a consistent crypto asset policy from their new government. Here are three significant developments in the crypto market over the past 24 hours.
Bybit Team’s Notable Move
The cryptocurrency exchange Bybit is increasing its support for projects emerging on The Open Network (TON) by listing the record-breaking Hamster Kombat game’s token for pre-market trading. Bybit officially announced on July 8 that the Hamster Kombat (HMSTR) token was listed on Bybit’s OTC platform.
The platform is designed for trading new tokens before their official listing, allowing buyers and sellers to create price offers and conduct trades at predetermined prices. According to the announcement, Bybit’s pre-market OTC platform started trading for HMSTR on July 8 at 1:00 PM. The statement mentioned that details regarding the process would be announced shortly.
Phishing Attack on Coinbase Users
Coinbase users were targeted last week by scammers posing as Coinbase staff, with one victim claiming to have lost $1.7 million. Edge & Node co-founder Tegan Kline shared that her friend’s custodial wallet containing $1.7 million was drained by a scammer who pretended to be from Coinbase and tricked them into sharing part of their seed phrase.
The scam involved multiple emails that appeared to come from Coinbase, claiming the victim’s wallet was being emptied. The victim was instructed to enter their seed phrase on a website to stop it, but they hesitated and only entered part of the information. Even this partial information allowed the scammers to access the wallet.
Regulation on the Agenda in the United Kingdom
With the Labour Party starting to form a majority government in the United Kingdom, crypto industry advocates called on the new administration to implement consistent policies regarding crypto assets. According to Keld van Schreven, co-founder and managing director of the crypto asset investment company KR1, the leadership change comes at a crucial time for the UK’s blockchain industry:
“Significant progress has been made in outlining a regulatory framework, but more work is needed to make the UK a global crypto hub.”
Meanwhile, Bivu Das, general manager of Kraken’s UK operations, said he expects crypto policy to continue as usual under the new government. However, Das shared the following thoughts on the matter:
“The upcoming government has the opportunity to promote innovation and growth in this emerging asset class and continue to strengthen the UK’s position as a leading jurisdiction for blockchain-based innovation.”
