The Hong Kong Police Force has issued a warning after 11 customers of cryptocurrency exchange Binance fell victim to text message phishing scams. The fraudsters posed as Binance and sent malicious messages to users, convincing them to click on a link to verify their identity details. Unfortunately, by doing so, the users unknowingly gave the […]
Former FTX CEO Sam “SBF” Bankman-Fried is currently on trial for fraud, and his former business associate and girlfriend, Caroline Ellison, recently testified against him. Ellison admitted to fraud during her time at Alameda under Bankman-Fried’s direction, claiming that he set up the systems that allowed Alameda to take roughly $14 billion from FTX user […]
Caroline Ellison, the former CEO of crypto trading firm Alameda Research, testified in the trial of Sam Bankman-Fried, accusing the FTX founder of directing her to commit crimes. Ellison, who has pleaded guilty to fraud charges, claimed that Bankman-Fried instructed her to siphon billions of dollars from FTX to make high-risk investments and repay loans. […]
3Commas, a popular crypto trading bot, recently experienced a security incident where unauthorized trades were made on users’ accounts. The incident was limited in scope, but it highlights the vulnerability of the tool to bad actors. The trades occurred shortly after affected users had reset their passwords, indicating a data breach. However, the users’ API […]
In recent developments, the portrayal of Sam Bankman-Fried (SBF), the indicted founder and former CEO of the now-defunct cryptocurrency exchange FTX, has sparked a contentious debate. Influential figures like Charles Hoskinson and Nassim Nicholas Taleb have weighed in, igniting a discussion about SBF’s character and accountability.The controversy centers around SBF’s depiction in Michael Lewis’s book […]
Former FTX CEO Sam “SBF” Bankman-Fried is currently on trial for fraud, and his former business associate and girlfriend Caroline Ellison recently testified against him. Ellison admitted to committing fraud at Alameda under Bankman-Fried’s direction, claiming that he “set up the systems” that allowed Alameda to take around $14 billion from FTX user funds. She […]
Friend.tech has introduced a two-factor authentication (2FA) password feature in response to a series of SIM-swap attacks targeting its users. These attacks involve hackers gaining control of users’ phone numbers and unauthorized access to their accounts, resulting in the loss of valuable digital assets. The new 2FA password provides an additional layer of protection, particularly […]
Crypto exchange Binance has complied with requests from Israeli law enforcement to freeze accounts linked to Hamas militants. The freeze specifically targets Hamas and not the people of Palestine, according to Yi He, co-founder of Binance. He explained that Hamas is designated as a terrorist organization by the United Nations, and therefore, banks and trading […]
Street artist Nelson Saiers, also known as the “Warhol of Wall Street,” has unveiled his latest guerilla installation titled “Rug Pull” in front of the United States Securities and Exchange Commission (SEC) in downtown Manhattan’s Financial District. The installation features vibrant doormats that have been spray-painted with the word “pull,” symbolizing the victims of rug […]
The second week of the criminal trial for former FTX exchange CEO Sam “SBF” Bankman-Fried is underway, with key witness Caroline Ellison taking the stand. Ellison, who was both SBF’s former romantic partner and the former CEO of the FTX-affiliated hedge fund Alameda Research, is expected to provide details about the shuffling of customer funds […]
