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Attackers Charged in Connection to $400M FTX Hack Involving SIM Swap Scam
The U.S. federal prosecutors have charged three individuals for orchestrating a SIM-swapping scam on the FTX exchange in November 2022. This move resulted in over $400M theft from the platform just hours after it filed for bankruptcy. Deep Dive into... -
Binance Faces Lawsuit from Hamas Victims Over Alleged Terrorist Attack
Three families of the Hamas terrorist group's October 7 attack on Israel have filed litigation against Binance and its former CEO. The families also sued the governments of Syria and Iran, accusing them of financing the Palestine-based group. Binance Involved... -
SEC Seeks to Dismiss DEBT Box Case Amid ‘Materially False’ Statement Claims
The U.S. Securities and Exchange Commission (SEC) has decided to drop charges against DEBT Box, aka Digital Licensing Inc., due to potential sanctions for presenting misleading evidence in restraining the crypto firm. SEC Argues Court Sanctions In a January 30... -
SEC’s Crypto Crackdown: 46 Actions Mark 50% Surge in 2023
In 2023, the U.S. Securities and Exchange Commission (SEC) increased actions against crypto-related activities by over 50% from the previous year. They focused on enforcing rules in the cryptocurrency market and took 46 actions against various participants. This demonstrates a... -
SEC Charges Masterminds of $1.7 Billion HyperFund Crypto Scheme
The U.S. Securities and Exchange Commission (SEC) has brought charges against Xue Lee and Brenda Chunga, the alleged masterminds of the deceptive $1,7 billion Hyperfund crypto scheme. HyperFund was a Mere Ponzi Scheme In a January 29 press release, the... -
US Treasury Yields Fall Ahead of Fed Meeting as Rate Cut Clamor Grows
The US Federal Reserve will begin its two-day meeting today and announce the rate outcome tomorrow. US Treasury Yields have fallen ahead of the Fed meeting as markets await Chair Jerome Powell’s comments on the projected rate cuts in 2024.... -
18 US Senators Now Backing Crypto – Coinbase’s Stand With Crypto
The intricate relationship between the US government and cryptocurrencies seems to be split into two camps. According to a recent report by Coinbase’s Stand with Crypto, at least 18 US Senators are now backing the nascent industry. Cynthia Lummis Leading... -
Sygnum Bank Surpasses Funding Goals, Sets Sights on Global Expansion and Digital Asset Development in Strategic Growth Round
Sygnum Bank exceeded its funding goal, securing over $40 million in a recent round and elevating its total value to $900 million. This success highlights robust investor confidence, paving the way for global expansion and enhanced digital asset products. The... -
Bitwise’s Milestone: U.S. Spot Bitcoin ETF Transparency with Public Wallet Disclosure, Jan 24, 2024
On January 24, 2024, Bitwise, a well-known digital asset manager, achieved a significant milestone. They proudly announced that they are now the first U.S. spot bitcoin exchange-traded fund (ETF) to disclose its bitcoin wallet address. This means they're sharing information... -
Elon Musk Says Chinese EV Companies Could ‘Demolish’ Competitors
Tesla stock fell more than 12% yesterday after the company warned of a growth slowdown. Its CEO Elon Musk meanwhile was all praise for Chinese EV (electric vehicle) companies and said that they could “demolish” competitors. “Frankly, I think, if...
