Terraform Labs Founder Hires Dentons, World’s Largest Law Firm, Amidst Investigation
The founder of Terraform Labs hired the world's largest law firm Dentons to represent the businessman during the investigation by the U.S. Attorney's Office. This is not the first time Do Kwon has used the services of Dentons. Businessman hired company attorneys to challe ...
Bitcoin (BTC) Attempts Bullish Breakout After Bounce from Support
Bitcoin (BTC) pushed back from May 25 support and avoided a bearish breakout. Now the price is trying to make a bullish breakout of the corrective pattern Despite the bullish breakout attempt, it is more likely that BTC will decline again to complete the correction and only then continue the uptr ...
Bearish Signs for Cardano, Algorand, EOS, and DOGE in Cryptocurrency Market
If April was a " bull" month for the cryptocurrency market, then all of May was a "bear, confirming that the market is in correction While there is hope for a bullish reversal in June, bearish formations on these four cryptocurrencies warn that the worst may ...
The Sandbox CEO’s Twitter Account Hacked for Fraudulent Distribution of SAND Tokens
Hackers hacked into a Twitter account belonging to the CEO of The Sandbox meta-universe project to fraudulently distribute native SAND tokens. His access to the account has now been restored. On Friday, May 26, The Sandbox CEO Arthur Madrid reported that his Twitter accou ...
Hackers Steal $7.5 Million in ETH from Jimbo’s Protocol in DeFi Attack
Analysts at PeckShield, a company specializing in the security of cryptocurrency projects, reported on the hack of a service for decentralized finance Jimbo's Protocol. Hackers withdrew 4,090 ETH ($7.5 million). The hack was due to a lack ...
Sandwich Bots: Automated Programs Exploit Cryptoassets, Raising Concerns in the Cryptocurrency Community
Automated programs called "sandwich bots" have made millions of dollars by bypassing profitable orders to buy popular cryptoassets. Successful "sandwich bot" attacks first became widely known in 2021, thanks to a study by Eden Network. With the help of special bots, an ...
Dogecoin’s Long-Term Support Line in Danger: Potential Sharp Drop Ahead
The price of Dogecoin (DOGE) is in danger of breaking the long-term upward support line that has been present on the chart for almost a year A bearish break could trigger a sharp drop in DOGE. However, short-term timeframe indicators indicate that the price will start to bounce first. The Doge ...
CFTC Sues Americans in Icomtech Crypto Scheme Fraud, Demands Return of Funds
The Commodity Futures Trading Commission (CFTC) sued five Americans who promoted what officials said was a fraudulent Icomtech cryptocurrency scheme that caused more than 170 people to lose money. The CFTC filed a civil lawsuit in California Central District Court against D ...
Fantom Foundation Temporarily Withdraws from SushiSwap Liquidity Pools Over Multichain Security Concerns
Director of Fantom Foundation announced that the fund has temporarily withdrawn from liquidity pools on SushiSwap due to security concerns with the Multichain Bridge. Andre Cronje stated that "if something negative does happen, it will affect USDC, DAI and wBTC issued in ...
Binance Freezes $4.4 Million in Crypto-assets Linked to North Korean Organizations
Cryptocurrency exchange Binance said that at the request of U.S. authorities froze crypto-assets worth $4.4 million associated with organizations from North Korea. Binance Investigations worked with U.S. law enforcement to thwart the "illegal revenue-generating activities ...