The fund will be used to develop an accelerator program for projects built on Aptos.
OKX Ventures, Aptos Foundation Initiate $10M Fund for the Move-Based Layer-1 Ecosystem
The fund will be used to develop an accelerator program for projects built on Aptos.
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The exploiter may not be making any money from the attack.
Indian rival CoinSwitch said it is likely to sue the hacked crypto exchange, where $9.6 million worth of deposits were held.
Despite bitcoin trading around $84,000, miner revenue has decreased due to the recent halving event and rising operational costs.
Sumitomo is the latest example in a roster of firms eyeing the booming stablecoin market, which has grown 50% to around $230 billion in a year.