A phishing attack on Terra blockchain’s website has caused the company to freeze its website until all issues have been resolved. Terra warned users not to interact with any site using the terra(dot)money domain and asked customers to steer clear of the sites until the matter was resolved. Terraform Labs has appointed Chris Amani as […]
Titan Global Capital Management USA LLC has been accused of misleading investors by the SEC. The company allegedly advertised a hypothetical performance of their services leading to annualized gains as high as 2,700%, which was based on performances recorded over three weeks. They also used improper hedge clauses, customer signatures without their consent, and misled […]
BlockFi, a bankrupt cryptocurrency lender, is attempting to block FTX and Three Arrows Capital (3AC) from retrieving hundreds of millions of dollars to pay back their creditors. BlockFi claims that FTX misappropriated $5 billion of the loan it provided and that BlockFi’s creditors should not be pushed to the back of the line. FTX also […]
Xiao Yi, a former Chinese government official, has been sentenced to life in prison for helping subsidize a secret, large-scale Bitcoin mining operation within the country’s borders, alongside unrelated acts of corruption. Yi pled guilty to the charges and has already returned the stolen funds and seen the seizure of both the bribes and his […]
The CyberConnect token $CYBER has seen an impressive performance in the past weeks, with a listing on Binance on August 15 and a subsequent 80% increase. Despite a subsequent price drop, the coin is still up by over 100% in the last seven days, and its 24-hour trading volume has increased by 200%.The prominent South […]
Balancer Labs recently disclosed a vulnerability affecting several of its pools in a statement published on Aug. 22. The project reported that the vulnerability had not been exploited and that 80% of the issue had been mitigated. However, a small amount of funds, amounting to about 4% of its total value locked (TVL), remain at […]
Sam Bankman-Fried, the former CEO of FTX, is asking for a more lenient prison schedule to allow him to prepare for his upcoming trial in October. His lawyers have written a letter to the U.S. District Judge Lewis Kaplan, requesting that Bankman-Fried be allowed to leave prison five days a week to review documents. Bankman-Fried’s […]
Thailand is taking a dramatic step to protect its citizens from crypto scams by seeking a court-ordered shutdown of Facebook. The Ministry of Digital Economy and Society (MDES) has identified 200,000 victims of fraudulent advertisements peddling fake investment opportunities and crypto scams. MDES spokesperson Chaiwut Thanakamanusorn has stated that the government is asking the court […]
A Chinese government official has been sentenced to life in prison for running a $329 million Bitcoin mining enterprise and unrelated charges of corruption. Xiao Yi, a former member of the Jiangxi Provincial Political Consultative Conference Party Group and Vice Chairman, was found guilty of bribery from 2008 to 2021 and abuse of power from […]
Sam Bankman Fried, the former CEO and co-founder of FTX crypto exchange, has been charged with fraud and money laundering. The charges were initially filed in December, but prosecutors added additional charges of campaign finance earlier this month. Bankman Fried appeared in the Southern District of New York courthouse on Aug. 22 and pleaded not […]
