South Korea’s premier cryptocurrency exchange, Upbit, recently experienced a security fiasco that affected approximately 400,000 wallets. Per their recent statement, a fraudulent token disguised as the legitimate Aptos (APT) token deceived the exchange’s monitoring system. Although Upbit has since recovered
Surprisingly, the infamous North Korean hacking collective Lazarus Group currently possesses an astounding $47 million in digital assets, freshly sourced data reveals. A significant chunk of this, $42.5 million, is tied up in Bitcoin (BTC), with other assets such as
In a decisive move against fraudulent crypto trading platforms, Hong Kong’s Securities and Futures Commission (SFC) has declared its intent to publish a list of suspicious virtual asset trading platforms (VATPs). This announcement follows closely on the heels of the
Genesis Global has officially announced the cessation of its trading operations. This comes after the crypto lender, an affiliate of Digital Currency Group (DCG), recently lodged a hefty lawsuit against its parent entity in a New York bankruptcy court. Once
On Aug. 29, the Digital Currency Group (DCG) announced a significant agreement with the creditors of Genesis, promising potential recoveries of up to 90%. This move signifies a monumental shift in the ongoing crisis that had earlier cast a shadow
In an interview with Cowboy State Daily, Custodia Bank’s CEO, Caitlin Long, has spoken out against the regulatory crackdown on digital assets by Washington, D.C. Long voiced opposition in the interview, stating that despite facing significant regulatory hurdles, her Bank
Singapore’s central bank, the Monetary Authority of Singapore (MAS), has released a comprehensive regulatory framework targeting single-currency stablecoins (SCS). These digital tokens, designed to maintain constant value, are pegged to traditional fiat currencies such as the Singapore Dollar or any
Binance has filed for a protective court order against the US Securities and Exchange Commission (SEC) in response to what it calls “overbroad” and “unduly burdensome” requests for communications and deposition testimony from its executives. According to Reuters, the exchange
The Securities and Exchange Commission’s (SEC) lawsuit against Coinbase has rattled the US crypto landscape. However, the firm’s motion to dismiss has gained high-profile support. Senator Cynthia Lummis recently filed an amicus brief siding with the crypto exchange. Coinbase, a
In a bold move against emerging tech fraud, China has ramped up its efforts to quash illicit activities that leverage state-of-the-art technologies. The spotlight shines on overseas telecommunication firms accused of exploiting the realms of cryptocurrency and artificial intelligence (AI).
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