Trezor, a provider of cryptocurrency hardware wallets, is currently investigating a phishing campaign after users reported receiving phishing emails. The campaign was brought to light by an anonymous blockchain investigator named ZachXBT, who alerted users to the attack on his Telegram channel. The attack targeted Trezor customers and allegedly involved a breach of the company’s […]
Sam Bankman-Fried, the founder and former CEO of FTX, a prominent cryptocurrency exchange, is currently on trial in the United States District Court Southern District of New York. He is facing multiple charges, including embezzlement, speculative trading with customer funds, and misusing them for personal gain or political donations. In an unexpected turn of events, […]
Phishing scammers have recently targeted crypto media outlet Blockworks and Ethereum blockchain scanner Etherscan by creating cloned websites. These fake sites aim to deceive unsuspecting readers into interacting with them. One example is a cloned Blockworks site that presents a fake “BREAKING” news report about a supposed multimillion-dollar “approvals exploit” on the decentralized exchange Uniswap. […]
The Terra network and its founder, Do Kwon, experienced a rapid rise and fall in the crypto world. In May 2022, the price of the algorithmic stablecoin UST, which is designed to maintain a $1 peg, began to fluctuate and eventually plummeted to 35 cents. This caused its companion token, LUNA, which was meant to […]
Former FTX CEO Sam “SBF” Bankman-Fried testified in a New York courtroom regarding allegations of using customer funds from the crypto exchange to make investments through Alameda Research without users’ knowledge. Bankman-Fried claimed that he followed company policies on records and that none of the media set to “auto-delete” were used for decision-making. He stated […]
US lawmakers are urging the Justice Department to investigate Binance and Tether for their alleged involvement in facilitating illicit financing for terrorist groups, including Hamas. In a letter to Attorney General Merrick Garland, Senator Cynthia M. Lummis and Representative French Hill called for decisive action if the firms are found complicit. The lawmakers highlighted Binance’s […]
US lawmakers are calling on the Department of Justice (DOJ) to take action against major cryptocurrency companies Binance and Tether. They allege that these companies have facilitated illicit financial activities, including funding for the terrorist group Hamas. Senator Cynthia Lummis and Representative French Hill have sent a letter to Attorney General Merrick Garland, citing media […]
Former FTX CEO, Sam Bankman-Fried, is set to testify in the ongoing criminal FTX fraud trial. He is facing allegations of misusing customer and investor funds, which led to FTX’s Chapter 11 filing. Bankman-Fried’s previous statements, made in a non-legal context, are now under scrutiny as he testifies under oath. Key testimonies from former colleagues […]
Former FTX CEO Sam Bankman-Fried is set to testify in the ongoing criminal FTX fraud trial. He is facing allegations of misusing customer and investor funds, which led to FTX’s Chapter 11 filing. Bankman-Fried’s previous statements, made in a non-legal context, are now under scrutiny as he testifies under oath. Key testimonies from former colleagues […]
The United States Securities and Exchange Commission (SEC) chief, Gary Gensler, recently delivered a speech at the 2023 Securities Enforcement Forum, where he discussed the regulatory body’s enforcement actions. Gensler highlighted that these actions resulted in $5 billion in judgments and orders. However, it was his comments about the cryptocurrency market that caught the attention […]
