Regulator Criticized for Ineffectiveness in Crypto Regulation

Dogecoin co-founder Billy Markus has criticized SEC Chairman Gary Gensler for his perceived ineffectiveness in regulating the cryptocurrency industry. Markus accuses Gensler of being “useless in every aspect” and suggests that he is not taking concrete actions to improve regulation in the sector.In a video, Gensler compared the crypto market to the “Wild West,” highlighting […]

Hackers Steal $82 Million from Orbit Chain’s Bridging Service

Hackers have reportedly exploited Orbit Bridge, the bridging service of the cross-chain protocol Orbit Chain, for a total of $82 million, just three hours before the new year. The exploit was brought to attention by a pseudonymous Twitter user, who pointed out large outflows from the Orbit Chain Bridge protocol. Blockchain analytics platform Arkham Intelligence […]

Rising Threat of Phishing Scams in Crypto: Chainlink Investor Loses $4.66 Million in Sophisticated Attack

A Chainlink investor recently fell victim to a sophisticated phishing attack, resulting in a loss of approximately $4.66 million. The investor had accumulated 290,750 LINK tokens valued at $2.26 million through savvy trading strategies, earning nearly $2.4 million in profits. However, their success turned sour when they clicked on a phishing link, unknowingly authorizing a […]

Chainlink Holder Loses $4.66 Million in Devastating Phishing Attack

A Chainlink (LINK) holder has fallen victim to a devastating phishing attack, resulting in the loss of $4.66 million worth of the cryptocurrency. The incident was brought to light by Lookonchain, a data analytics firm, through a tweet. The unfortunate individual had accumulated 290,750 LINK tokens, valued at $2.26 million, through trading on various exchanges. […]

FTX Founder Convicted on Fraud Charges, Cryptocurrency Industry Reels from Fallout

The rise and fall of FTX, a cryptocurrency empire led by Sam Bankman-Fried, has captivated the world. Bankman-Fried has been convicted of defrauding customers, and while this marks a significant milestone, the repercussions of this financial disaster will be felt for years to come.The fallout from FTX’s collapse includes investor losses and increased regulatory scrutiny. […]

Pink Drainer Hackers Steal $4.4 Million in Chainlink Tokens, Raising Concerns for Crypto Security

A hacking group known as “Pink Drainer” has recently executed a high-stakes digital robbery, stealing $4.4 million worth of Chainlink (LINK) tokens from a single victim. The theft was carried out with remarkable speed and efficiency, leaving the victim at a loss of 275,700 LINK in just two rapid transactions.Blockchain security firm Scam Sniffer has […]

Concerns Raised Over Backing of Potential Bitcoin ETFs

Amid the excitement surrounding the potential approval of a spot Bitcoin exchange-traded fund (ETF) in January 2024, concerns have been raised about the issue of backing. Some analysts worry that ETFs could take people away from self-custody and potentially result in unbacked Bitcoin.These concerns have sparked a debate within the community, with some dismissing them […]

Pink Drainer: Notorious Hacking Group Steals $18 Million in Crypto

A notorious hacking group known as “Pink Drainer” has been exposed as the mastermind behind a series of cybercrimes targeting Discord and Twitter users. These illicit activities have resulted in the theft of over $18 million from more than 9,000 individuals.One of their high-profile heists involved stealing $4.4 million worth of Chainlink (LINK) from a […]

Rising Phishing Scams in Crypto Sector Result in $4.66 Million Loss for Chainlink Investor

A Chainlink (LINK) crypto investor recently fell victim to a sophisticated phishing attack, resulting in a devastating loss of approximately $4.66 million. The investor had accumulated a portfolio of 290,750 LINK tokens valued at $2.26 million through savvy trading strategies, which had allowed them to profit nearly $2.4 million.However, their financial success took a turn […]

Millions Lost in Devastating Phishing Attack on Chainlink Cryptocurrency

In a devastating phishing attack, a Chainlink (LINK) holder lost a staggering $4.66 million worth of cryptocurrency. The incident was brought to light by Lookonchain, a data analytics firm, through a tweet. The victim had accumulated 290,750 LINK tokens, valued at $2.26 million, through trading on various exchanges. However, they fell victim to a phishing […]