SIM-swap attacks have been on the rise in the week leading up to Christmas, targeting prominent figures in the crypto industry. Founders of Manifold Trading, Rug Radio, and other crypto influencers have fallen victim to these attacks, with some losing control of their accounts on X (formerly Twitter).On December 22, the official X account of […]
Ikigai, an asset management firm, has sold its claim in the bankruptcy proceedings of cryptocurrency exchange FTX. The firm revealed that a majority of its hedge fund’s assets were on FTX when it collapsed. The Chief Investment Officer of Ikigai, Travis Kling, stated that the firm sold a $65 million claim to its FTX funds […]
In response to a recent security breach in Ledger’s code library, the hardware wallet provider has taken swift action to mitigate potential losses and strengthen security measures. The breach exposed popular integrated protocols to potential vulnerabilities, resulting in approximately $600,000 in stolen assets from users of EVM DApps. Ledger has pledged to compensate those affected […]
Terraform Labs and the United States Securities and Exchange Commission (SEC) have reached an agreement on a protective order in their ongoing civil case. The order, finalized by U.S. District Court Judge Jed Rakoff, aims to maintain the privacy of case-related documents. The majority of designated confidential documents will not be made public, and any […]
Argentina has authorized the use of Bitcoin for contracts, signaling a potential shift towards accepting it as a legal currency. This move reflects the growing trend in Latin America of turning to cryptocurrencies as an alternative to devalued local currencies.The decision by the Argentine government to allow Bitcoin contracts is seen as a significant step […]
The concept of using the Internet as a marketplace faced initial challenges in implementation. As the Internet became more accessible, the demand for secure online transactions grew. However, convincing users about the importance of privacy and anonymity online proved to be difficult, which limited the adoption of ecash. Despite this, ecash aimed to solve the […]
In 2023, the cryptocurrency industry saw several controversial figures making headlines for their involvement in scams and illegal activities. Three of the most notable figures include Karl Sebastian Greenwood, Ian Freeman, and Amir Bruno Elmaani.Karl Sebastian Greenwood, co-founder of One Coin, was sentenced to 20 years in prison and ordered to pay $300 million in […]
In a significant development, a court in the British Virgin Islands has issued a worldwide asset freeze worth $1.14 billion on the co-founders of cryptocurrency hedge fund Three Arrows Capital (3AC). The freeze order, part of the liquidators’ efforts to recover the fund’s assets and provide returns to creditors, affects co-founders Su Zhu and Kyle […]
The founders of Singapore-based cryptocurrency hedge fund Three Arrows Capital (3AC) have had over a billion dollars of their assets frozen by a court in the British Virgin Islands. The court has banned co-founders Su Zhu and Kyle Davies from transferring or selling assets worth up to $1.14 billion. This freezing order also affects assets […]
A U.S. appeals court has finalized the legal process to confiscate over 69,000 Bitcoin and other cryptocurrencies from Silk Road, a defunct dark web marketplace. The court ruling affirms the transfer of the Bitcoin to federal control, following a previous decision that recognized the government’s claim to the digital assets associated with Silk Road’s illegal […]
