A crypto hacking group known as “Pink Drainer” has recently been linked to a significant theft of $4.4 million worth of Chainlink LINK cryptocurrency. The victim was tricked into signing an “Increase Approval” function, resulting in the draining of 275,700 LINK in just a minute. The stolen funds were divided between two wallets, with 68,925 […]
In a groundbreaking decision, U.S. District Judge Jed Rakoff ruled in favor of the Securities and Exchange Commission (SEC), confirming that Terraform Labs and its founder, Do Kwon, engaged in the offering and sale of unregistered securities. The ruling specifically involves cryptocurrencies such as LUNA and UST, marking a significant victory for the SEC and […]
Catalyx, a prominent Canadian cryptocurrency exchange, has temporarily suspended all trading activities, deposits, and withdrawals following a security breach. The company suspects the involvement of one of its employees and has initiated an investigation. The exact extent of the funds lost has not been disclosed, but the exchange has taken precautionary measures by halting all […]
Republican lawmakers are calling for the removal of Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), citing bias and damage to the digital asset industry. Congressman Warren Davidson, with support from House Majority Whip Tom Emmer, has advocated for Gensler’s dismissal, alleging corruption and abuses of power. This move comes amidst […]
Canadian crypto exchange Catalyx has temporarily suspended all trading activity and withdrawals after discovering a security breach. The breach is suspected to involve one of the company’s employees, leading to the loss of a portion of the crypto assets held on behalf of clients. The exact amount of assets lost has not been disclosed.In response […]
