Hong Kong authorities have reported that 145 users fell victim to a scam by the unlicensed cryptocurrency exchange Hounax, resulting in a loss of $18.9 million. The exchange claimed to be licensed and cooperated with legal financial institutions, but was listed as a suspicious platform by the Hong Kong Securities Regulatory Commission. Hounax allegedly used […]
Hong Kong authorities have reported that 145 users fell victim to a scam by the unlicensed cryptocurrency exchange Hounax, resulting in a loss of $18.9 million. The exchange claimed to be licensed and cooperated with legal financial institutions, but was listed as a suspicious platform by the Hong Kong Securities Regulatory Commission. Hounax allegedly used […]
Coinbase, a popular cryptocurrency exchange, has revealed that it has been subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC). The email sent to Coinbase users did not provide detailed information about the investigation, but it stated that Coinbase was requested to provide information about its users’ accounts and transaction activity. Coinbase assured its users […]
Coinbase, a popular cryptocurrency exchange, has revealed that it has been subpoenaed by the U.S. Commodity Futures Trading Commission (CFTC). The email sent to Coinbase users did not provide much information about the nature of the investigation, but it stated that Coinbase was requested to provide information about its users’ accounts and transaction activity. Coinbase […]
Robert F. Kennedy Jr., an environmental lawyer and anti-vaccine activist, recently expressed his concerns about Central Bank Digital Currency (CBDC) and its potential impact on personal freedom. In an interview on the “What Bitcoin Did” podcast, Kennedy warned that CBDC could be used by governments to track individuals’ spending, giving them complete knowledge of every […]
The Tron blockchain has surpassed Bitcoin in popularity among terror groups Hezbollah and Hamas, according to a recent analysis by Reuters. The number of Tron (TRX) wallets seized has seen a significant increase since 2021, while the number of Bitcoin (BTC) wallets seized has declined. Both Hezbollah and Hamas are designated as terror groups by […]
Tron has emerged as the platform of choice for terrorist organizations involved in crypto transfers, according to a recent report by Reuters. The counter-terror financing bureau in Israel has frozen 143 Tron wallets believed to be linked to groups like Hamas and Hezbollah. This marks a significant shift from Bitcoin, which was previously favored by […]
Hong Kong’s financial regulators have decided to retain the grace period for crypto firms despite recent scandals involving fraudulent activities in the crypto sphere. The grace period allows crypto firms to continue operating without a license until June 2024, giving them ample time to comply with new regulatory standards. The Securities and Futures Commission (SFC) […]
Inferno Drainer, a notorious crypto wallet-draining kit involved in cryptocurrency scams, has announced its shutdown. This kit has been responsible for phishing schemes that resulted in the theft of over $80 million in cryptocurrencies, affecting thousands of victims. Inferno Drainer gained attention after the shutdown of Monkey Drainer, which was responsible for stealing around $13 […]
Hong Kong’s Securities and Futures Commission (SFC) has taken action against a suspected fraudulent crypto asset trading platform called Hounax. The SFC flagged the company earlier this month, marking a significant step in the city’s efforts to combat crypto-related scams. The Hong Kong Police Force has initiated an investigation into the alleged scam, following reports […]
