In a recent statement published by the FBI, the notorious Lazarus Group, a North Korean hacking group, has been identified as the culprit behind the theft of $41 million worth of cryptocurrency from online crypto casino Stake. The attack, which occurred on September 4, targeted blockchain networks including Ethereum, BNB Chain, Polygon, and Bitcoin. This
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The once-prominent cryptocurrency exchange FTX Digital Market faced a catastrophic collapse in November, leaving its investors and users in turmoil. In a shocking turn of events, former co-CEO Ryan Dalame is now planning to plead guilty to criminal charges associated with the exchange’s downfall. This article delves into the implications of Dalame’s guilty plea and
A recent survey conducted by the newspaper Segye Ilbo and research firm Embrain in South Korea has shed light on the perception of cryptocurrency among its citizens. The study, conducted from August 3 to August 8, surveyed 1,000 individuals nationwide and revealed some interesting findings. This article critically analyzes the survey results and offers insights
The crypto-backed investment funds have experienced a third consecutive week of outflows, with a total of $11.2 million being withdrawn. This downward trend can be attributed mainly to altcoin-backed funds, particularly those linked to Polygon’s native token MATIC. According to CoinShares, MATIC-backed funds witnessed outflows of $8.6 million, which accounted for the majority of the
Blockchain security firms Peckshield and Cyvers have raised concerns after detecting multiple suspected transactions involving wallets linked to the popular crypto casino, Stake.com. The investigation reveals that wallet 0x3130662aece32F05753D00A7B95C0444150BCd3C received approximately $16 million worth of various cryptocurrencies before distributing them to multiple addresses. Among the recent transactions, the wallet received a single transfer of 6000ETH.
Australian regulators have recently faced challenges and regulatory scrutiny in regards to digital asset regulations. However, there is optimism among industry stakeholders that the regulators will make informed decisions that will shape the future of digital asset regulations in the country. In May, Binance Australia experienced an abrupt disconnection from its payment provider due to
The world of Web 3 platforms has seen a staggering increase in vulnerabilities and financial losses this year. According to a report released by Immunefi, a web3 bug bounty platform, over $1.2 billion has been lost in hacks and rug pulls so far in 2021. This article examines the key findings of the report and
In a shocking turn of events, South Korean prosecutors have recently requested the arrest of Ahn Seong-hyun, a former professional golfer, and Lee Sang-jun, the CEO of Bithumb Holdings, one of the country’s leading cryptocurrency exchanges. The Seoul Southern District Prosecutors’ Office’s Financial Investigation Department suspects that the pair may have engaged in listing tokens
The social media platform X, formerly known as Twitter, has recently made headlines as it acquires a regulatory license that allows it to process cryptocurrency payments in the United States. This development marks a significant milestone for X and has sparked widespread interest and speculation in the crypto market. Under the ownership of Tesla CEO
Decred (DCR/USD) made waves on August 29th with the introduction of Bison Relay v0.1.8, a revolutionary support system for e-commerce platforms. This cutting-edge solution addresses the pressing need for decentralization in the ever-evolving digital retail landscape. Unlike its predecessors, Bison Relay v0.1.8 empowers users, amplifying control, privacy, and security within the online retail arena. With