In the world of decentralized finance (DeFi) and NFT initiatives, thefts involving cryptocurrencies are unfortunately common. Recently, an investigation uncovered the activities of a scam service provider called Inferno Drainer, who assisted in multi-chain schemes in exchange for a portion of the stolen assets. According to Scam Sniffer, a Web3 security company, Inferno Drainer has […]
Coinbase International Exchange, a branch of Coinbase Global Inc. that serves clients outside the United States, has announced its plans to add perpetual futures contracts for four new digital assets: Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), and Stellar (XLM). This strategic move aims to cater to a broader audience of traders and follows a regulatory […]
Vienna-based Raiffeisen Bank International is set to launch crypto trading services for retail customers by the end of January 2024. The bank has partnered with Bitpanda, a crypto exchange, to offer this new service. Customers in Vienna will be able to access Bitpanda’s platform through the Raiffeisen app on their mobile devices. This move reflects […]
A Bored Ape Yacht Club (BAYC) owner recently had a close call with a scammer posing as a Forbes journalist. The NFT collector, known as ‘Crumz’, shared his experience of being contacted by someone pretending to be Robert LaFanco, a real Forbes editor. The scammer offered an interview for an article about BAYCs and asked […]
Ripple’s planned initial public offering (IPO) has been delayed due to the current downturn in the fintech sector. The overall decline in stock values of prominent fintech companies has had a ripple effect on investment decisions across the industry. This market turmoil has also affected the cryptocurrency space, including Ripple and USD Coin (USDC) Circle. […]
Circle, the stablecoin issuer behind USD Coin (USDC), has partnered with Tokyo-based financial services firm SBI Holdings to promote the adoption of USDC and Web3 services in Japan. The collaboration was formalized through a memorandum of understanding (MOU) signed on November 27. This move comes after the Japanese government revised the Payment Services Act to […]
Bitcoin deposits and withdrawals have been restored on the HTX crypto exchange, formerly known as Huobi, following a $30 million exploit. In a recent blog post, HTX announced that deposit and withdrawal functionality is now available for multiple currencies, including Bitcoin, Ether, Tron, and Tether. The exchange plans to gradually bring back functionality for the […]
Inferno Drainer, a notorious crypto wallet-draining kit, has announced its permanent shutdown after aiding phishing scammers in stealing approximately $70 million worth of cryptocurrency this year. The team behind Inferno Drainer expressed gratitude to their users but stated that nothing lasts forever. While the files and infrastructure required to run the wallet drainer will remain […]
Former Binance CEO Changpeng Zhao is facing the possibility of a 10-year prison sentence for violating the Bank Secrecy Act. Binance, the cryptocurrency exchange, has been implicated in a global criminal enterprise and has agreed to pay a record $4.3 billion fine. The Department of Justice (DOJ) is pushing for travel restrictions for Zhao until […]
Former Ethereum advisor Steven Nerayoff has announced his plans to launch a groundbreaking AI-driven web3 project. Nerayoff, who has turned into a critic of the Ethereum project and its co-founder Vitalik Buterin, has been vocal about his time working for the world’s second-largest cryptocurrency. He has accused Buterin of manipulating the network for personal gains […]
