A rogue cybersecurity expert used his skills to attack a cryptocurrency exchange A cybersecurity professional has been indicted by the US government for infiltrating a cryptocurrency exchange and pilfering approximately $9 million worth of digital currency. This incident seems to involve a lawful expert-turned-renegade who then tried to redeem himself. Shakeeb Ahmed, a 34-year-old cybersecurity
The Financial Conduct Authority has shut down 26 crypto ATMs this year The Financial Conduct Authority (FCA) in Britain has initiated a fresh offensive against illicit cryptocurrency machines scattered throughout the nation. In a bid to safeguard consumers from potential monetary losses, the FCA firmly shut down over two dozen machines that were unlawfully providing
Threads is only in its infancy, but is already rife with fraudulent accounts Ever since the arrival of Threads, the new blogging platform and Twitter rival by Meta, scammers have evidently sprung into action without delay. This has prompted numerous prominent figures within the cryptocurrency Twitter community to caution against scam accounts and discussions. On
The former NFL quarterback and his ex-wife are out millions of dollars because of FTX’s ineptitude In the wake of his professional football career, renowned NFL figure Tom Brady has been engrossed in a myriad of entrepreneurial ventures. However, amid this whirlwind of activity, a shared predicament reportedly saw both Brady and his former spouse,
The developer allegedly stole $2 million from investors of the 0XENCRYPT project In a recent post on Reddit, a cryptocurrency developer opened up about the chaotic aftermath that followed his departure from a project he created. Expressing deep remorse, he took full responsibility for the downfall, which resulted in a devaluation from $2 million to
The stolen crypto was only a small part of the $10 million the police found when they arrested the teens Two adolescents have been criminally charged by the Hamilton, Ontario police for their involvement in a grand theft of CAD4.2 million (US$3 million) worth of digital currency belonging to an individual from the US. As
Binance users in certain European countries will still have access to private tokens Privacy advocates have achieved a noteworthy triumph as cryptocurrency exchange Binance has now altered its course on eliminating privacy tokens for users in numerous European countries. This reversal brings immense relief to devoted cryptocurrency enthusiasts who greatly value the privacy attributes provided
The SEC can’t regulate digital assets as securities unless it defines them as securities Coinbase, the leading cryptocurrency exchange in the US, plans to seek a judge’s dismissal of a lawsuit filed by the Securities and Exchange Commission (SEC). The lawsuit accuses Coinbase of breaching the law due to its failure to register its transactions.
The failed cryptocurrency exchange believes the lawyer could have done more to keep the company legitim Failed cryptocurrency exchange FTX, trying to emerge from disgrace, has filed a lawsuit against its ex-lawyer, Daniel Friedberg, accusing him of aiding founder Sam Bankman-Fried and partners in committing online deception and deliberate non-compliance with risk mitigation measures. This
If the platform re-emerges, it will be without Sam Bankman-Fried FTX, the prominent global crypto exchange that faced financial turmoil leading to an embarrassing bankruptcy, is displaying signs of advancement in its endeavors to reinstate its operations. CEO John Ray, who took over after the platform collapsed, divulged that the company has initiated the search
The Islamic Revolutionary Guard Corps has a secret channel of funding cut off by Israel Israel revealed on Tuesday that it had successfully confiscated a substantial amount of cryptocurrency, worth millions of dollars, from both the notorious Islamic Revolutionary Guard Corps (IRGC) Al-Quds Force and the terrorist organization Hezbollah. The IRGC’s elite division, known as
Pressure in the US has forced the company to seek expansion opportunities elsewhere Coinbase’s legal woes with the US Securities and Exchange Commission (SEC) may be making waves at the moment. Still, it’s important to note that other US cryptocurrency companies have faced similar regulatory criticisms. Gemini, for instance, faced a significant SEC enforcement action
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