MaestroBots, a popular cryptocurrency trading bot on the Telegram messenger app, has taken swift action to refund users who were affected by a recent smart contract exploit. The incident occurred on October 24, targeting a total of 280 ETH. The Maestro team immediately responded by refunding the impacted users and allocated 610 ETH from their […]
MaestroBots, a prominent cryptocurrency trading bot on the Telegram messenger app, has taken swift action to refund users affected by a recent smart contract exploit. The incident occurred on October 24, targeting a total of 280 ETH. The Maestro team immediately responded by refunding the impacted users and announced their commitment to user security and […]
FTX, a bankrupt crypto exchange, has filed a request with the bankruptcy court in Delaware to sell key trust funds worth $744 million. These funds include assets from Grayscale, a crypto asset manager, and Bitwise, a custody service provider. The purpose of the sale is to prepare for forthcoming distributions to creditors. The trust assets, […]
China’s government is reportedly holding a significant amount of Bitcoin (BTC) in its national treasury. According to Ki Young Ju, the CEO of CryptoQuant, China seized 194,000 BTC from the PlusToken scam in 2019, making it one of the largest BTC whales. This move is surprising considering China’s anti-crypto stance. However, Ki suggests that owning […]
Former FTX CEO Sam Bankman-Fried has been found guilty of fraud and conspiracy to commit fraud. The jury delivered its verdict quickly after a short deliberation. Throughout the trial, questions arose about how this situation could have been prevented and what can be done to avoid similar incidents in the future. Some argue that existing […]
Cryptocurrency exchange Bitfinex recently experienced a phishing attack on one of its customer support representatives. However, the attack was unsuccessful, as the targeted agent had limited access to valuable information. Bitfinex reassured its users that none of their data or assets were compromised, and the exchange’s operational systems remained unaffected. While Bitfinex has reported the […]
Former FTX CEO Sam Bankman-Fried is facing a potential sentence of 20 to 25 years in prison, according to former government prosecutors. The maximum sentence for his crimes has been estimated at 110 to 115 years. The prosecutors believe that Bankman-Fried’s fraud through FTX and alleged perjury during the trial warrant a severe sentence. However, […]
The court trial for Avraham Eisenberg, the hacker responsible for the $114 million exploit of Mango Markets, has been postponed to April 2024. Eisenberg’s lawyers argued that various factors had hindered their client’s trial preparation, leading to the judge granting a continuance. In October 2022, Eisenberg drained approximately $114 million from Mango Markets by exploiting […]
Lawyers representing Avraham Eisenberg, the individual accused of exploiting Mango Markets for $116 million, have successfully convinced a judge to postpone his fraud trial until April 8, 2023. The trial was originally scheduled to begin on December 4, but Eisenberg’s legal team argued that various circumstances had hindered their trial preparations. Despite confessing his involvement […]
In a significant move to combat sanctions evasion and illicit financial activities, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Ekaterina Zhdanova, a Russian national allegedly involved in laundering and transferring funds using crypto on behalf of Russian elites. This action aligns with the G7’s commitment to […]
