Karl Greenwood, co-founder of OneCoin with Ruja Ignatova, was sentenced to 20 years in prison and ordered to pay $300 million in the United States on Sept. 20. Ignatova remains at large. Greenwood, a citizen of the United Kingdom and Sweden, was sentenced in the U.S. Southern District Court of New York. According to the […]
CoinEx, a cryptocurrency exchange with a daily trading volume of $32 million, has recently experienced substantial withdrawals from its hot wallets. According to CyversAlerts, approximately $18 million worth of assets have been transferred from three hot wallets. This has caused alarm in the crypto community, as Ethereum wallets have seen a significant depletion.The exchange has […]
Gala Games has been rocked by a scandal involving its co-founders, Eric Schiermeyer and Wright Thurston, who have filed legal charges against each other. Schiermeyer has accused Thurston of misappropriating 8.6 billion Gala ($GALA) tokens from the company’s wallets, while Thurston has accused Schiermeyer of misappropriating $600 million worth of Gala ($GALA) tokens and shareholder […]
The FBI has revealed that the North Korean state-backed hacker group Lazarus Group was responsible for a Sept. 4 exploit of online casino platform Stake that resulted in $41 million in cryptocurrency being lost. The FBI identified 33 crypto addresses that received the stolen funds, including four Ethereum (ETH) addresses, five Binance Smart Chain (BSC) […]
Crypto exchange Binance has created an automated smart contract to reimburse users affected by the Xirtam rug pull. The exchange had previously frozen the suspected fraudulent funds in their account. Xirtam had raised around 1,909 Ether ($3.2 million) in user deposits in April through a series of funding rounds. However, project owners orchestrated a rug […]
Alexander Mashinsky, former CEO of the bankrupt cryptocurrency lender Celsius Network, had his assets frozen by a federal court in New York on August 16, 2023. The restraining order, which was made public on September 5, included several bank accounts and real estate owned by Mashinsky or entities under his control. The court found probable […]
Nima Capital, a venture capital firm and longstanding capital partner of Synapse, recently dumped 9 million SYN tokens, causing the price of the native token to crash by over 22%. The project confirmed that there was no security breach of the protocol or bridge. Data from Etherscan showed that the unidentified whale responsible for selling […]
The South Korean government is planning to submit a bill that will enable it to track and freeze crypto assets used by North Korea for its weapons program. The bill includes provisions for the monitoring and mitigating of cryptocurrency assets stolen by North Korea through hacking activities, and seeks to augment the sanctions against the […]
Stake, a crypto betting platform, was hacked to the tune of $41.3 million, according to blockchain security firms. The platform was able to resume services only five hours after the incident. Stake confirmed that user funds remain safe and that their Bitcoin, Litecoin, and XRP wallets were not impacted. Analysis by Beosin calculated the total […]
Nigeria has emerged as a global leader in cryptocurrency awareness, according to a recent study by blockchain and Web3 software company Consensys. The survey, conducted by YouGov and Consensys, was taken by 15,158 people across 15 countries, including the U.S., the U.K., Argentina, France, India, Japan, Mexico, South Korea, the Philippines, and Nigeria.The survey found […]
