Former Ethereum advisor Steven Nerayoff has announced his plans to launch a groundbreaking AI-driven web3 project. Nerayoff, who has turned into a critic of the Ethereum project and its co-founder Vitalik Buterin, has been vocal about his time working for the world’s second-largest cryptocurrency. He has accused Buterin of manipulating the network for personal gains […]
In a recent filing, U.S. prosecutors have stated that they may seek a maximum prison sentence of 10 years for former Binance CEO Changpeng Zhao (CZ). This comes in response to CZ’s opposition to the government’s motion to detain him in the U.S. The prosecutors argue that CZ poses a flight risk and should be […]
Indexed Finance, an Ethereum-based platform, recently faced a major setback when hackers stole $16 million from the platform. However, the Indexed community has successfully defended against two recent attempts to hijack the project’s decentralized autonomous organization (DAO). As a result, the management of the DAO is transitioning back to its original creators, who plan to […]
Indexed Finance, an Ethereum-based project that was previously hacked for $16 million, has successfully defended against two hijacking attempts. The project’s decentralized autonomous organization (DAO) control will now be returned to its founders, who plan to allocate the remaining treasury to the victims of the 2021 hack.In a detailed thread on X, Laurence Day, a […]
US crypto regulators have been busy this week, with Binance and Kraken facing legal action from the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) respectively. Bitcoin is once again approaching the $38,000 mark, with the potential for further gains if it breaks through. Grayscale has submitted an updated prospectus for a […]
Blast, a recently launched platform in the crypto finance landscape, has been making waves despite facing allegations of being a Ponzi scheme. The founder, Tieshun Roquerre, has vehemently denied these claims and clarified that the platform’s 4 to 5% yield is derived from reputable platforms like Lido and MakerDAO. With a Total Value Locked (TVL) […]
The Nigeria Police Force has announced the arrest of a politician, Ambassador Wilfred Bonse, in connection with the theft of over $246,153 from Patricia Technologies’ crypto wallet. Bonse is accused of assisting hackers in laundering $61,538 from the stolen funds. The police have made significant progress in investigating the financial fraud case, which involves criminal […]
The US Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, accusing it of conducting unregistered operations. The SEC alleges that Kraken operated as an unregistered broker, clearing agency, and dealer, trading tokens deemed securities without complying with federal securities laws. The lawsuit specifically mentions tokens such as Algorand, Polygon, and […]
KyberSwap, a decentralized exchange, has offered a 10% bounty reward to the hacker who stole $46 million on November 22. The exchange is requesting 90% of the stolen funds to be returned by November 25. The hacker targeted KyberSwap’s liquidity solution, KyberSwap Elastic, and made off with approximately $20 million in Wrapped Ether, $7 million […]
Self-custody wallets are gaining popularity as more people seek control and security over their digital assets. Trust Wallet and MetaMask are two widely used self-custody wallets, with millions of users globally. Hardware wallets, such as Ledger Live, are also becoming increasingly popular. In the US alone, there are over 4 million crypto wallet users, with […]
