FTX, a once-prominent crypto exchange, has been the victim of a cybersecurity breach. The breach, reported on Friday, has led to the compromise of non-sensitive customer data belonging to specific claimants. FTX has reassured its customers that its own account passwords, systems, and funds have not been compromised.Kroll, the claims agent working on the bankruptcy […]
FTX and BlockFi have recently been targeted in a phishing scheme as a result of a security breach of their bankruptcy case claims agent, Kroll. Kroll is in the process of notifying affected individuals and providing guidance on how to protect themselves. FTX has stated that their account passwords and systems remain uncompromised.BlockFi has also […]
The US Securities and Exchange Commission (SEC) has been known for its continued crackdown on the crypto industry over the last few years. Charles Hoskinson, the founder of Cardano, believes that the agency’s actions are politically motivated. He believes that the regulator is trying to save face in the wake of the fall of disgraced […]
Magnate Finance, a cryptocurrency platform with a Total Value Locked (TVL) of $6.4 million on Base, has come under scrutiny following allegations of an exit scam. On-chain analyst ZachXBT highlighted potential red flags, such as the discovery that Magnate Finance’s deployer address had been directly linked to a $4.8 million rug pull executed by a […]
Roman Storm, the co-founder of the cryptocurrency mixing service Tornado Cash, was arrested on money-laundering and other charges on Aug. 23. However, his lawyer Brian Klein announced that Storm was released on bail soon after his detainment. Klein expressed his disappointment with the prosecutors for charging Storm simply for developing software, noting that this could […]
An on-chain sleuth, ZachXBT, recently alerted the community of a potential scam masquerading as a legitimate lending protocol called Magnate Finance on the Base blockchain. The deployer address was linked to two DeFi projects that turned out to be exit scams. The project’s website is now offline and its Telegram group was deleted.The analyst revealed […]
1inch Network has announced its expansion to Base, a Layer-2 Ethereum scaling solution incubated by Coinbase. This move is intended to offer 1inch users access to deeper liquidity, lower transaction costs, and higher speeds. However, the news comes as a warning regarding an impending exit scam by Magnate Finance was issued earlier today.Magnate Finance, with […]
SingularityNET’s AGIX token has seen a 9% growth, largely driven by Nvidia’s impressive financial report and optimistic third-quarter sales forecast. Charles Hoskinson, the brain behind Cardano, recently gave an interview on YouTube to discuss the platform’s upgrades, SEC’s 2023 scrutiny, and the role of community engagement in the Cardano ecosystem’s future trajectory.Nvidia revealed earnings of […]
A data breach occurred on August 25th, when FTX reported on Twitter that their bankruptcy case claims agent, Kroll, had exposed non-sensitive customer data. Kroll has taken responsibility and is actively reaching out to those affected, providing guidance on protective measures. BlockFi customers were also affected, but their internal system and client funds were not […]
SIM swap attacks have become a major concern in the cryptocurrency landscape, causing losses that have surpassed an alarming rate in the last few months. These attacks specifically target individuals believed to have significant cryptocurrency holdings, and have led to a theft of $72 million in 2022. In May 2023, Blockchain Capital’s Founder, Bart Stephens, […]
