The courtroom drama surrounding FTX founder and former CSam Bankman-Fried (SBF) has all the makings of a captivating Netflix series. With a cast of shady characters and a plot that thickens with each passing day, it’s a story that keeps audiences on the edge of their seats.However, when it comes to proving his innocence, SBF’s […]
Top global crypto exchange Binance has reportedly closed over 100 accounts in response to Hamas’ recent attack on Israel. Israeli law enforcement agencies ordered the closures and seized millions worth of crypto in an effort to cut funding to the Palestinian Islamist group. Hamas had previously urged its supporters to send Bitcoin to evade US […]
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Gaza-based crypto broker Buy Cash Money and Money Transfer Company (Buy Cash) and its operator, Ahmed M. M. Alaqad, for facilitating crypto transactions for Hamas. Buy Cash, which has ties to terrorist groups, offers money transfer and cryptocurrency exchange services, including […]
Accounting professor Peter Easton provided testimony in the trial of former FTX CEO Sam Bankman-Fried, shedding light on the commingling of funds between FTX and Alameda Research. Easton’s analysis revealed that Alameda used funds from FTX customers to invest in various ventures, resulting in a negative balance of $11.3 billion with FTX in June 2022. […]
Twitter, now known as X, is conducting a trial in New Zealand and the Philippines to combat bot activity on its platform. The trial, called “Not A Bot,” requires new users to verify their phone number and payment method by either paying to become a verified enterprise account, opting into a premium subscription, or paying […]
The recent security breach at Stake.com, a popular online crypto casino, has resulted in the loss of $41 million to hackers. The incident is considered one of the significant attacks on the cryptocurrency industry this year. The FBI has identified the Lazarus Group, a North Korean state actor, as the responsible party for the theft. […]
Recent reports have revealed that Hamas, the militant group controlling the Gaza Strip, has been using cryptocurrencies to fund its operations in Israel. This allows them to bypass international sanctions imposed by the West. In response, Israeli authorities have confiscated several wallet addresses believed to be owned by Hamas. The conflict between Israel and Hamas […]
Jimmy Song, a prominent figure in the Bitcoin community, recently discussed various topics related to Bitcoin during the Bitcoin Conference 2023 in Amsterdam. He highlighted the skepticism surrounding government measures taken during the COVID-19 pandemic, such as the printing of fiat money, which has resulted in inflation. Song emphasized the importance of Bitcoin as an […]
American rapper Nelly’s Twitter account, Nellio X, has been hacked and used to lure crypto investors into phishing schemes. This comes as reports show a rise in crypto hack attacks, with over $700 million stolen in the third quarter of 2023 and nearly $700k lost in phishing schemes in the past 18 days. The hacker […]
The Fantom Foundation, a blockchain platform, has fallen victim to a security breach resulting in the loss of nearly a million dollars in cryptocurrencies. The hack, which was confirmed by blockchain security platform CertiK, saw Ethereum and Fantom coins worth $657,000 drained from the wallets of the Fantom protocol. However, the foundation assured users that […]
