Nadir Hajarabi, who had been associated with the Worldcoin project since before its token launch, has publicly announced that he has cut all ties with the project. He did not disclose specifics, but revealed that he left due to several concerning factors he had witnessed, and made the final decision to leave after the release […]
Cardano (ADA) is a cryptocurrency project that is dedicated to creating a secure and transparent platform that benefits investors and users. Its founder, Charles Hoskinson, believes that the United States Securities and Exchange Commission (SEC) will not target ADA, and that the SEC’s recent legal actions against prominent cryptocurrency exchanges are driven by political motives.Hoskinson […]
BNB price started a strong decline from the $260 resistance and is now attempting a recovery wave above the $215 level. A major bearish trend line is forming with resistance near $232 on the daily chart. If the bulls can clear the $230 and $232 resistance levels, the price could start a recovery wave and […]
John A. DeSalvo, a former lieutenant at the New Jersey Department of Corrections, has been charged by the US Securities and Exchange Commission (SEC) for orchestrating a cryptocurrency scam that targeted law enforcement officers. DeSalvo allegedly raised $623,388 from 222 investors between November 2021 and May 2022 through his own digital currency, the Blazar token.DeSalvo […]
FTX, a crypto platform founded by Sam Bankman-Fried, has been struggling since November 2022, causing other crypto companies such as Celsius and Voyager to collapse. John J. Ray III took over operations and promised to guide the company through bankruptcy and maximize recoveries for stakeholders. Court documents revealed FTX’s blueprint for a strategic “management and […]
SIM swap attacks have become a major security threat for crypto owners, with over $13.3 million in crypto stolen from 54 SIM swaps in the past four months. These attacks are successful because many victims only use SMS two-factor authentication (2FA) to protect their accounts. In a SIM swap attack, a hacker tricks a mobile […]
Roman Semenov and Roman Storm, co-founders of the crypto mixer Tornado Cash, have been charged with money laundering and operating an unauthorized money-transfer business. The US Treasury added Semenov to its list of specially designated nationals on Aug. 23. The FBI and the IRS detained Storm on Aug. 24.The charges stem from the alleged laundering […]
Tornado Cash, a cryptocurrency platform renowned for its privacy features, is again in the spotlight for the wrong reasons. The Southern District of New York has indicted its founders, Roman Storm and Roman Semenov, for allegedly laundering over $1 billion. The charges are related to the platform’s alleged role in laundering money for the Lazarus […]
The UK Treasury has issued a consultation and call for evidence to assess the impact of a proposed ban on finance-related cold calls. The government has also announced a fraud strategy that would involve 400 new jobs to update its approach to intelligence-led policing. It is estimated that fraud costs the country approximately $8.7 billion […]
Nathaniel Chastain, the former head of product at the NFT marketplace OpenSea, has been found guilty of insider trading and will spend three months in jail. Prosecutors argued that Chastain had bought numerous non-fungible tokens before they were featured on the platform’s home page and later sold them at much higher prices. Chastain maintained that […]
