In a recent email sent to its users, the cryptocurrency exchange Bitpanda announced that it will be withdrawing its services from the Netherlands. The email stated that Bitpanda is committed to cooperating and complying with the latest regulatory landscape dictated by local authorities, which is why the decision to offboard Dutch residents from their broker
Blockchain
Romance scams, a form of online deception that preys on individuals seeking affection and love, have become alarmingly widespread in South Korea’s crypto ecosystem. The surge in romance scams has prompted South Korean crypto exchanges to take action, blocking over $82 million worth of transactions associated with these scams last year alone. Coinone, one of
The ongoing legal dispute between Binance, a leading cryptocurrency exchange, and the United States Securities and Exchange Commission (SEC) has reached new levels of intensity. In recent court documents, the SEC claims that BAM Trading Services, the parent company of Binance.US, has failed to fully comply with information requests, raising concerns about custody and liquidity
In a surprising turn of events, the Algorand Foundation recently announced that their CEO, Staci Warden, fell victim to a cyberattack. Her account on X (formerly Twitter) was compromised, and the hacker unleashed a series of offensive and false statements regarding the Algorand community. This breach included the use of derogatory language and even racial
Solana Blockchain has recently unveiled an exciting development known as “token extensions” as part of the Solana Network’s SPL token evolution. These token extensions represent a new standard for SPL tokens and offer enhanced functionalities that can be compared to Ethereum’s ERC-20 token standard. This groundbreaking announcement was made by the Solana Foundation on January
In a recent blog post, blockchain analytics and security firm Chainalysis reported a decrease in cryptocurrency theft in 2023. According to the firm, the crypto market experienced a collective loss of $1.7 billion, marking a significant 54.3% reduction from the $3.7 billion stolen in 2022. This reduction can be attributed to a drop in decentralized
Interoperable blockchain network Socket has successfully recovered 1,032 Ether tokens amounting to $2.3 million. The recovery follows the exploitation of the Bungee Bridge on January 16, resulting in the theft of millions of dollars. The protocol announced the successful retrieval of the funds on its official platform, X (formerly Twitter). This development was made possible
The cryptocurrency industry has been plagued with scams and fraudulent schemes since its inception. One such scheme that recently came to light is the alleged $150 million international fraud scheme involving USI Tech, a cryptocurrency firm. The founder of USI Tech, Horst Jicha, a 64-year-old German national, was arrested and charged by U.S. authorities for
A South Korean court has handed down a prison sentence of four years to an individual involved in a fraudulent scheme connected to a bogus cryptocurrency exchange. The unidentified person, referred to as “A” in the media, worked alongside other individuals referred to as “gang members” to carry out the scam. The Changwon District Court,
Law enforcement agencies are increasingly recognizing the potential of the metaverse as a powerful tool for training, crime prevention, and forensic analysis. A recent report released by Interpol highlights the various ways in which virtual worlds can be utilized to address real-world security and law enforcement challenges. By harnessing the capabilities of the metaverse, authorities
