Founder of Terraform Labs accused of using fake passport
The Montenegrin prosecutor's office has alleged that Do Kwon, the founder of Terraform Labs, made and utilized counterfeit identification documents, including a fake passport. This revelation was reported by DL News. Kwon reportedly attempted to fly from Podgorica to Dubai using the fraudulent do ...
Canadian Teachers’ Pension Fund Abandons $95M Crypto Investment in FTX
The OTPP Exits Cryptocurrency Investment After $95M Loss on FTX. The Canadian Teachers' Pension Fund of Ontario (OTPP) has decided to abandon its cryptocurrency investment after incurring a loss of $95 million in the bankrupt cryptocurrency exchange FTX. OTPP, Canada's third-largest pension fu ...
Banco de Venezuela Hit by Ransomware Attack
Banco de Venezuela, the largest financial institution in the country, has suffered a devastating ransomware attack that has left its digital infrastructure compromised. The attack reportedly took place on April 19, and sources in the cybersecurity community have identified the culprit as the Lock ...
Total2 Altcoin Capitalization Faces Liquidation and Bearish Trends
A tsunami of liquidations to the tune of $125 million swept through the crypto market. Altcoin capitalization (TOTAL2) fell sharply this week, losing most of its gains the week before The market has been downgraded ...
Binance’s Takeover of Voyager Digital Gets US Government Approval
As per Voyager's recent announcement, an agreement has been reached between the Unsecured Creditors Committee, the US government, and Binance, which will allow the US division of Binance to proceed with its acquisition of Voyager. The Voyager Digital Unsecured Creditors Committee has informed its ...
American Rapper Soulja Boy Accused of Promoting Fraudulent NFT Projects
ZachXBT, a cryptocurrency enthusiast, has accused popular American rapper Soulja Boy of promoting fraudulent NFT projects. The rapper allegedly ran 73 promotions and 16 NFT giveaways on Twitter, featuring tokens such as RapDoge, Orion, The Life Token, SaferMars, Flokinomics, and ParrotsDAO. Ho ...
Hackers Return $7.2 Million Stolen from Safemoon’s Decentralized Cryptocurrency Exchange
The decentralized cryptocurrency exchange Safemoon was the target of hackers who managed to steal $9 million worth of crypto assets from the protocol's liquidity pool at the end of March. However, the good news is that the attackers returned $7.2 million in two separate transactions in the early ...
First criminal case in Russia for misappropriation of cryptocurrency
The case of Alexei Ivanov, a system administrator at the Singapore-based WEX cryptocurrency exchange, is set to be heard in Novosibirsk. Ivanov is accused of misappropriating digital assets worth 3 billion rubles, in what is believed to be Russia's first criminal case involving the theft of crypt ...
Founder of Thodex Exchange to Be Extradited Back to Turkey for Fraud and Theft Charges
The Turkish Ministry of Justice announced that preparations for the extradition of the founder of the Thodex exchange have been completed and that he will be handed over to law enforcement agencies next Thursday. Faruk Fatih Ozer fled Turkey last year and was wanted by Interpol on charges of frau ...
MATIC’s Long-Term Prospects Uncertain as Whales Lose Aggressiveness
Polygon (MATIC) rose on positive market reaction to Ethereum's successful network update, but its long-term prospects remain uncertain and it remains to be seen whether the bulls will be able to avoid a significant correction MATIC is the native token of the Polygon network, a popular second-leve ...