In the high-security courtroom of the Munich District Court, the Wirecard trial is underway. This trial involves two prominent defendants, Oliver Bellenhaus and Markus Braun, who spend their days in the courtroom, separated by just a few meters. Bellenhaus, once a close employee of Braun, is now a key witness for the prosecution. The trial […]
A recent report from the Bank for International Settlements (BIS) has highlighted the potential vulnerability of central bank digital currencies (CBDCs) to cyber threats. The report emphasizes the importance of cybersecurity as a significant risk associated with the increasing adoption of digital cash initiatives by central banks worldwide. With over 130 central banks currently involved […]
Footballer Cristiano Ronaldo is currently facing a lawsuit for his involvement in promoting nonfungible tokens (NFTs) linked to the crypto exchange Binance. The lawsuit alleges that Ronaldo encouraged his followers to invest in Binance, which ultimately contributed to its growth. In another NFT-related incident, an NFT collector narrowly escaped a hacking attempt by an individual […]
The U.S. Treasury Department has imposed sanctions on the cryptocurrency mixing service Sinbad.io for its involvement in facilitating money laundering activities by North Korean state-sponsored hacking groups. Sinbad is accused of processing millions of dollars worth of cryptocurrency stolen in cyberattacks attributed to the Lazarus Group, a North Korea-linked hacking group. The Treasury Department claims […]
In a joint operation by the FBI and Dutch Financial Intelligence, Sinbad.io, a cryptocurrency mixing service, has been seized by the U.S. Treasury Department. The move is part of a broader crackdown on illicit activities in the crypto space. Sinbad.io, which gained notoriety as a preferred choice for North Korean-state sponsored hacking organization Lazarus, was […]
In a surprising turn of events, renowned football star Cristiano Ronaldo is facing a class-action lawsuit in the United States. The legal action stems from allegations that Ronaldo’s endorsement of cryptocurrency exchange Binance resulted in financial losses for investors. The plaintiffs, Michael Sizemore, Mikey Vongdara, and Gordon Lewis, claim that Ronaldo’s promotion led them to […]
As the number of hacks and exploits in the crypto industry continues to rise, cybersecurity professionals are highlighting the need for improved crypto security measures. In 2023 alone, nearly $1 billion has been lost to crypto hacks, scams, and exploits. Recent incidents, such as the Poloniex exploit and the HECO Chain bridge hack, have resulted […]
Pro-soccer star Cristiano Ronaldo is facing a proposed class-action lawsuit from plaintiffs who claim they suffered losses due to his promotion of the crypto exchange Binance. The lawsuit alleges that Ronaldo actively participated in the sale of unregistered securities in coordination with Binance. Ronaldo had entered into a partnership with Binance in mid-2022 to promote […]
The hacker responsible for the $46 million crypto theft against KyberSwap has issued a warning to the company’s executives and tokenholders. In an on-chain message, the hacker stated that they plan to release a statement regarding a potential treaty with KyberSwap, but only if hostilities cease. The hacker expressed frustration with the executive team’s unfriendliness […]
A federal judge has approved the confidential treatment of certain materials produced by Jump Crypto Holdings, the crypto arm of Jump Trading, in the ongoing case against Terraform Labs by the United States Securities and Exchange Commission (SEC). Jump Crypto Holdings has been under scrutiny for its alleged involvement in the events leading to the […]
