A suspected scam coin operator has been arrested in Gimpo, Gyeonggi Province, South Korea, in a case that appears to be connected to the ongoing controversy surrounding the blockchain firm Winnerz. According to YTN, the Gimpo police have charged an individual in their 20s with fraud, while a second individual, also in their 20s, has
Blockchain
A recent cyber attack conducted by the notorious crypto phishing group, Angel Drainer, has once again highlighted the vulnerability of the cryptocurrency space. In a bold move, Angel Drainer successfully stole over $400,000 from 128 crypto wallets by deploying a malicious vault contract. This attack, which took place on February 12, 2024, utilized a new
In the world of cryptocurrency, Bitcoin has garnered significant attention for its volatile nature and its potential use in illicit activities such as ransomware attacks. The United States Securities and Exchange Commission (SEC) has been closely monitoring these developments, with SEC Chair Gary Gensler taking a particularly critical stance on Bitcoin. Despite approving 11 Spot
The Isle of Man, a self-governing British Crown dependency, has recently initiated a public consultation to discuss potential regulations for crypto assets. This move aims to safeguard investors within the jurisdiction and align its laws with global standards. The release of a 22-page consultation paper offers insights into the current state of virtual assets regulation
Fordefi, a crypto wallet provider, has recently raised $10 million in funding with the aim of introducing its institutional-grade crypto wallet to retail platforms. The company intends to develop a user-owned self-custody wallet-as-a-service (WaaS) solution for exchanges, fintech platforms, and other centralized crypto services. This funding round, led by crypto VC firm Electrical Capital, also
Cryptocurrency exchange Coinbase recently launched a new television ad that humorously highlights the drawbacks of traditional fiat currency, particularly the United States penny. The ad playfully showcases the need for a digital upgrade to replace outdated physical currency, sparking discussions within the crypto community about the importance of transitioning to digital currency in line with
In a recent survey conducted by JP Morgan in 2024, it was found that a majority of global institutional traders still have no interest in exposing their holdings to digital assets such as Bitcoin and other cryptocurrencies. The survey, which gathered responses from over 4,000 financial market participants, revealed that 78% of these traders have
In a recent setback for South Korean prosecutors, 14 suspects have been cleared of all charges related to the alleged illicit remittance of $3.2 billion worth of assets, including cryptocurrencies, fiat currencies, and goods. While officials had accused 16 individuals of wrongdoing, the Seoul Central District Court acquitted the majority of the accused, including one
Recently, Hong Kong’s Securities and Futures Commission (SFC) issued a warning to the public regarding an alleged fraudulent crypto exchange operating under the name MEXC. This article will critically analyze the details of the warning and highlight the importance of being cautious when engaging with investment opportunities in the cryptocurrency market. According to the SFC,
In a recent turn of events, a former SEC official has pointed fingers at the NBA regarding its decision to approve a partnership between cryptocurrency exchange Voyager Digital and the Dallas Mavericks. The former internet enforcement chief for the Securities and Exchange Commission (SEC), John Reed Stark, argues that the NBA should bear some responsibility
