The hack compounded an already existing slowdown of activity on the platform Solana-based Telegram trading bot Solareum announced that it’s permanently suspending service after a recent security breach and citing insufficient funds. “It is with a profound sense of regret that we announce the closure of the Solareum project,” declared developers on the support channel
The man who claimed to be Bitcoin creator Satoshi Nakamoto just lost access to $8.4 million A UK court has authorized freezing £6.7 million (US$8.4 million) of Craig Wright’s assets to stop the Australian computer scientist from avoiding court expenses. The court made its decision after Wright transferred some of his assets outside the country
The hacker may have realized he had been discovered and could face charges A Munchables hacker, also a former developer on the platform, had a change of heart eight hours after stealing $62.8 million worth of Ether. He returned the stolen funds without demanding a ransom. The Ethereum-based nonfungible token (NFT) game Munchables reported a
A coding flaw may have led to hackers exploiting the company’s servers Real-world asset (RWA) liquidity firm Curio experienced a smart contract breach caused by a critical susceptibility linked to voting power privileges. The result was hackers swiping $16 million in digital currency from the platform. The Curio community was warned of the breach, and
The exchange follows Circle’s February decision to do the same The cryptocurrency exchange Binance will halt deposit and withdrawal support for TRC-20-based USD Coin (USDC) tokens in less than two weeks. It’s the latest exchange to make the announcement in a month. USDC issuer Circle announced its plans to terminate support for the stablecoin over
The lawsuit wants to hold the bank accountable for supporting the failed cryptocurrency business A federal judge in San Diego ruled that Silvergate Bank must face a class-action lawsuit from former FTX users who accuse the now-defunct cryptocurrency institution and its trading firm, Alameda Research, of aiding fraud at the exchange. The March 20 ruling
The company partially blames the hack on GoDaddy’s protocols Layerswap, which links layer-2 blockchains to centralized crypto exchanges, recovered access to its domain after a brief hijack sapped about $100,000 in user funds. At about 7:40 PM UTC on March 20, the layerswap.io domain was breached, and users accessing the service were redirected to a
Apple co-founder Steve Wozniak is clapping back at fake ads that featured his likeness Apple co-founder Steve Wozniak has won an appeals court decision in the latest round of the battle against YouTube over doctored videos featuring his likeness that were used in a 2020 Bitcoin scam. The verdict overturned a lower court judgment that
The securities watchdog is under fire for lying in court A US district court has sanctioned the Securities and Exchange Commission (SEC) for functioning in “bad faith” in its lawsuit against Debt Box. The case is another example of the securities watchdog’s attempt to manipulate the cryptocurrency ecosystem. The SEC originally filed a motion to
Prosecutors are hoping to put the FTX cryptocurrency exchange scammer away for decades Prosecutors in the fraud case against Sam Bankman-Fried are seeking a 40 to 50-year sentence for the former CEO of the bankrupt FTX cryptocurrency exchange. He faces up to 110 years for his role in the company’s illegal activities. The prosecution’s 116-page
Long-time claims of being the man who started the cryptocurrency craze are invalidated BitMEX Research reports that UK Judge James Mellor has ruled that Carl Wright is not the pseudonymous Bitcoin creator Satoshi Nakamoto in his declaration on March 14. Closing arguments in the suit filed by the Crypto Open Patent Alliance (COPA) against Wright
The securities watchdog continues its offensive against the cryptocurrency ecosystem The US Securities and Exchange Commission (SEC) alleges that the Gemini and Genesis cryptocurrency firms sold unregistered securities via the Gemini Earn program. A federal judge has agreed, allowing the securities watchdog’s lawsuit against the companies to move forward. New York District Court Judge Edgardo
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