Multiple fraudulent accounts have emerged on social media, posing as prominent blockchain investigator ZachXBT. This comes after the deactivation of his official account. Michael Khekoian, partnership director at Web3 security firm Wallet Guard, warned his followers about the impersonation and urged users to remain vigilant. He highlighted that these fake accounts often try to deceive […]
SIM-swap attacks have been on the rise in the week leading up to Christmas, targeting prominent figures in the crypto industry. Founders of Manifold Trading, Rug Radio, and other crypto influencers have fallen victim to these attacks, with some losing control of their accounts on X (formerly Twitter).On December 22, the official X account of […]
The community of Curve Finance, a decentralized finance (DeFi) protocol, has voted to reimburse liquidity providers (LPs) who were affected by a $61 million hack in July. The vote, which saw 94% of tokenholders approve the disbursement of tokens worth over $49.2 million, aims to cover the losses incurred by the Curve, JPEG’d, Alchemix, and […]
The decentralized finance (DeFi) protocol BarnBridge has reached a settlement with the United States Securities and Exchange Commission (SEC) after being accused of conducting an unregistered sale of structured finance crypto products. As part of the settlement, BarnBridge has agreed to cease the offer and sale of these products.BarnBridge allowed users to earn a fixed […]
The U.S. Securities and Exchange Commission (SEC) has admitted to making inaccurate statements in an ongoing case against cryptocurrency firm Debt BOX. The SEC alleges that Debt BOX defrauded investors of almost $50 million. However, the SEC admitted that its legal counsel made inaccurate representations during a hearing in July, which allowed the SEC to […]
SEC Chairman Gary Gensler is facing backlash from the crypto industry over the lack of regulations provided by the United States Securities and Exchange Commission (SEC). In a recent interview, Gensler discussed the rampant non-compliance and lack of adherence to securities laws in the crypto space. He emphasized the need for these laws to protect […]
The Barnbridge DAO has reached a settlement with the Securities and Exchange Commission (SEC) over the sale of unregistered crypto bonds. The settlement, which amounts to $1.7 million, includes a cease and desist clause that prohibits any further sales of these crypto securities.This development marks a significant step in the regulation of the cryptocurrency market, […]
In response to a recent security breach in Ledger’s code library, the hardware wallet provider has taken swift action to mitigate potential losses and strengthen security measures. The breach exposed popular integrated protocols to potential vulnerabilities, resulting in approximately $600,000 in stolen assets from users of EVM DApps. Ledger has pledged to compensate those affected […]
Swiss banks are facing concerns over their vulnerability to criticism and potential legal action due to their dealings with Russian clients. The US Department of Justice (DoJ) is currently investigating whether UBS and Credit Suisse assisted Russian oligarchs in evading sanctions, as Switzerland has been accused of being a preferred haven for Russian funds. These […]
Deutschland’s largest credit institution has discovered thousands of forgotten and unresolved complaints at its subsidiary, Postbank. This backlog of customer complaints has emerged months after the German bank promised to quickly resolve the extensive disruptions caused by a botched IT migration project. The incident raises new questions about the bank’s internal communication and workflow systems, […]
