The collapse of the crypto lender has the NBA playing defense The NBA is being sued over its marketing deals with the now-collapsed Voyager Digital cryptocurrency lender, which users claim led to over $4.2 billion in losses. The over 100-page complaint filed in a Miami district court on February 6 alleges the NBA was “grossly
Craig Wright is in court as he tries to defend his claim that he is Satoshi The long-awaited trial investigating Australian computer scientist Craig Wright’s claim that he is the pseudonymous author of the 2008 Bitcoin manifesto began in a UK high court on Monday, where a judge permitted Wright to add new proof to
Financial controls in cryptocurrency and other segments are being thwarted by artificial intelligence A new online service called OnlyFake claims to use artificial intelligence (AI) “generators” and “neural networks” to produce fake driver licenses and passports, and reports indicate its products have succeeded in passing Know Your Customer (KYC) checks on several cryptocurrency exchanges. For
The alleged hacker has reportedly gained access to the KodexGlobal platform used by law enforcement An online hacker claims to have access to a “KodexGlobal” law enforcement request account that lets buyers subpoena user data from firms like Chainlink, Coinbase and Binance, among others. A blog updated on February 4 by cybercrime solutions firm Hudson
Users have little time to withdraw their funds if they want to avoid losing them OPNX, the cryptocurrency bankruptcy claims platform started by failed hedge fund Three Arrows Capital (3AC) co-founders, has declared that the company will officially halt all operations on the platform by February 14. In an email recently sent to exchange customers,
The suit accuses the cryptocurrency exchange of facilitating terrorist payments Cryptocurrency exchange Binance, its former CEO Changpeng Zhao, and the governments of Syria and Iran have been named as defendants in a suit filed by families of three victims impacted by Hamas’ October 7 attack on Israel. The plaintiffs include family members of persons affected,
The securities regulator allegedly made up reasons for wanting to shut down the company The US Securities and Exchange Commission (SEC) is pursuing dismissing a lawsuit it filed against a crypto firm after a federal court issued an order requiring the agency to provide reasons why it shouldn’t be penalized for lying. In a January
The organization wants New York to lead the way in blockchain innovation A new amendment has been proposed by the New York City Bar Association regarding emerging technologies, such as digital assets, to motivate cryptocurrency firms to set up headquarters in New York and maintain its status as a leading commercial hub. The New York
A new study shows that crypto fraud has weakened while technology allows more funds to be recovered Blockchain security company PeckShield has publicized data outlining the 2023 losses to crypto hacks and scams. According to the report, except for multichain losses, $2.61 billion was lost during the year. PeckShield documented in its January 29 report
Alaska and Florida tell the exchange that it’s not welcome in their states Binance.US cryptocurrency exchange is still under pressure from US regulators in the wake of the former CEO Changpeng Zhao’s guilty plea. Florida and Alaska regulators have communicated to Binance.US that the firm can no longer serve residents in their states, according to
Criminals are using AllaKore RAT to access company databases and computers Blackberry’s research and intelligence division recently identified and cautioned about cyber attackers targeting multiple prominent Mexican banks and crypto exchanges. The report recognized an attack that tried to swipe sensitive user data from banks and crypto trading services using AllaKore RAT, an open-source remote
The company will repay Texas consumers who used the platform before it fell Cryptocurrency lending firm Abra, which went belly-up in March 2023, has entered into an agreement in principle with the Texas State Securities Board (TSSB) to return the assets of the Texas citizens. The TSSB released the final compensation verification on January 22,
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