Some of the cryptocurrency had been recovered from various thefts and fraud schemes Arkham Intelligence recently reported a significant security breach involving a government-controlled cryptocurrency wallet, with a hacker seizing nearly $13 million. The wallet in question held assets the US government had previously recovered from the 2016 Bitfinex hack. In that hack, a staggering
The realization could put the blockchain ecosystem at risk of being compromised Recent investigations have raised concerns about potential North Korean involvement in the development of a key component of the Cosmos blockchain ecosystem. It has been suggested that North Korean developers may have contributed to the Liquid Staking Module (LSM) within Cosmos, sparking fears
Azura wants to make it easier for DeFI solutions to thrive Azura, a new decentralized finance (DeFi) platform backed by prominent crypto founders, has officially launched, intending to simplify the DeFi ecosystem for users. Debuting yesterday, the platform, which describes itself as an “onchain interfacing layer,” seeks to address one of the biggest hurdles in
The firm is demanding answers about why the government is suppressing cryptocurrencies Coinbase has taken steps to push for more transparency regarding the US government’s stance on cryptocurrency. The company filed two Freedom of Information Act (FOIA) requests aimed at uncovering how regulators are managing digital assets, particularly in the banking sector. Paul Grewal, Coinbase’s
The payment processing company shows its optimism for the future or cryptocurrency Stripe, the payment processing giant, has made a leap in the crypto space by acquiring the stablecoin platform Bridge in a deal reportedly worth $1.1 billion. This acquisition marks one of the largest in crypto history and is Stripe’s biggest purchase to date,
Eric Council Jr faces up to five years in federal prison for his actions A 25-year-old man from Alabama, Eric Council Jr., was arrested for allegedly hacking into the US Securities and Exchange Commission’s (SEC) X account in January, where he falsely promoted Bitcoin. According to the US Department of Justice, Council used the compromised
The company was trying to help those who suffered from the Radiant Capital hack A crypto security firm, Ancilia, faced backlash after accidentally sharing a harmful link leading to a wallet-draining app. The incident occurred in the aftermath of a $52 million exploit on Radiant Capital, a lending protocol, yesterday. The hack left users scrambling
PancakeSwapX targets a new era of cryptocurrency trading PancakeSwap has introduced a new trading product called PancakeSwapX, aimed at enhancing the decentralized finance (DeFi) experience by making crypto trading easier and more cost-effective. The new feature allows users to execute zero-fee transfers and gasless swaps on the Ethereum and Arbitrum networks. By eliminating gas fees,
The crypto asset manager is preparing to add 35 new altcoins to its investment portfolio Grayscale, a leading crypto asset manager, recently announced it is considering adding 35 new altcoins to its range of investment products. These include popular tokens like Dogecoin and Worldcoin, as well as projects like Pyth and Rune. In a blog
Former USI-Tech CEO Horst Jicha is on the run after allegedly stealing $180 million from investors A former cryptocurrency executive is on the run after allegedly tampering with his ankle bracelet, according to New York prosecutors. Horst Jicha, the ex-CEO of USI-Tech, a crypto mining and trading company accused of defrauding investors out of $180
The former attorney has received probation for his actions due to his advanced age An 86-year-old former attorney from California, David Kagel, has been sentenced to five years of probation after admitting to his role in a multimillion-dollar cryptocurrency Ponzi scheme. The sentencing, which took place in early October, was handed down by Judge Gloria
The sting operation ensnared financial and cryptocurrency firms across the country The FBI recently netted 16 individuals in a groundbreaking sting operation by creating a fake cryptocurrency to catch fraudsters involved in market manipulation. The US government unsealed charges in Boston, accusing leaders from four cryptocurrency firms and four financial service companies of orchestrating large-scale
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