North Korean hackers have been responsible for a significant portion of all cryptocurrency stolen through hacks in recent years. In 2023 alone, they stole $600 million in crypto, accounting for 33% of all crypto thefts. Since 2017, groups tied to the Democratic People’s Republic of Korea (DPRK) have stolen nearly $3 billion worth of crypto, […]
Digital Currency Group (DCG), a venture capital firm, has announced the complete payoff of all its short-term loans from the now-defunct cryptocurrency lending platform Genesis. Despite the challenging conditions in the cryptocurrency market throughout the year, DCG managed to meet its loan obligations. The firm paid approximately $700 million of the nearly $1 billion it […]
Digital Currency Group (DCG) has announced the resolution of all outstanding debts due to the now-defunct crypto lending platform Genesis. The announcement, made on January 6 on X (formerly Twitter), confirmed that DCG is current on all debts, having paid approximately $700 million to Genesis. This forms part of the over $1 billion paid to […]
Dennis M. Kelleher, CEO of the nonprofit organization Better Markets, has expressed strong opposition to the approval of a spot Bitcoin exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC). Kelleher argues that such an approval would contradict the principles of the regulatory body and expose investors to significant risks.In a letter […]
Solana, a key player in the cryptocurrency world, has been the center of many discussions, especially concerning the adoption of Layer2 (L2) solutions. Anatoly Yakovenko, the co-founder of Solana, recently clarified the blockchain’s core mission and its stance on Layer2 solutions.Yakovenko made a definitive statement, dismissing the necessity of Layer2 solutions for Solana, labeling them […]
In a recent revelation by TRM Labs, North Korean hackers have been implicated in significant cryptocurrency thefts in 2023, accumulating at least $600 million. The total stolen amount could potentially reach $700 million if additional hacks at the end of the year are confirmed to be the work of North Korea. Despite a 30% decrease […]
ACE Exchange, a leading crypto trading platform in Taiwan, is currently under investigation for alleged fraudulent activities. The local authorities estimate the fraud to be worth over $32 million. The company, however, has clarified that its employees are not implicated in the alleged fraud case.The founder of ACE Exchange, David Pan, and 13 other suspects, […]
Crypto auditing organization, CertiK, has reportedly fallen victim to a phishing scam, with fraudulent URLs posing as legitimate social media posts being used to steal cryptocurrency from user wallets. The company’s social media account, which boasts over 340,000 followers, appears to have shared a deceptive link, urging users to use it for protection against a […]
Taiwan’s law enforcement has recently uncovered and dismantled the largest cryptocurrency fraud scheme in the country’s history. The authorities conducted raids across multiple cities, seizing over NT$1 billion ($32.2 million USD) in illegal profits.The fraud scheme was operated by ACE Exchange, one of Taiwan’s largest cryptocurrency exchanges. The exchange used its reputable image to attract […]
In 2023, North Korea’s Lazarus Group, a highly sophisticated hacking group, emerged as a major player in cybercrime, particularly in cryptocurrency theft. Accused of orchestrating hacks amounting to $600 million, the Democratic People’s Republic of Korea (DPRK) has become a prominent actor in this escalating realm. Since 2017, DPRK hackers, operating under the Lazarus group, […]
