Critical Vulnerability in Tron Network’s Multi-Signature System Promptly Fixed

Cybersecurity experts on the 0d team reported that a critical vulnerability was found in the Tron network's multi-signature system. Assets worth half a billion dollars were at risk, but the vulnerability was promptly closed. The 0d ...

Attorney Faces Consequences for Using ChatGPT to Fabricate Evidence in Court Case

Now Themis doesn't know who to prosecute The neural network is to blame for falsifying the facts But it won't go to jail American attorney Stephen A.. Schwartz used ChatGPT to gather material for one of his cases. We don't know what made a lawyer w ...

DeFi Project EDE Acknowledges Price Manipulation Possibility, Security Concerns Arise

Security specialists PeckShield reported that the administration of DeFi Ede Finance (EDE) acknowledged the actual possibility of manipulating the prices of crypto-assets and called the decision reckless. EDE says the company planned to create a tool to combat potential h ...

Temasek Analysts Reduce Premiums Following FTX Exchange Collapse

Singapore's Temasek Public Investment Fund said that the team of analysts that recommended investing in the FTX cryptocurrency exchange will drop some of the premiums because of the site's collapse. After the collapse of FTX Singapore fund had to write off as a loss inves ...

Fantom Foundation Withdraws $2.4 Million from MULTI Amid Multichain Uncertainty

Foundation withdrew $2.4 million of MULTI André Cronje said it was due to the uncertainty surrounding Multichain He added that the tokens are sitting on the wallet, no one has sold them The protocol is currently still idle Director of Fant ...

Multichain Protocol Faces Disruptions, Funds Blocked, and Management Uncertainty

Part of the Multichain protocol interconnection routes suddenly stopped working. Users of the interconnecting protocol have had their funds blocked by roughly $1.5 billion. The Multichain team was originally thought to be working on a protocol update, but on Thursday, May ...

Bitcoin of America Suspends Operations in Connecticut and Compensates Victims for Cryptocurrency Fraud

Company Bitcoin of America, operator of the BTM crypto network, will suspend its operations in the U.S. state of Connecticut for lack of a license and pay compensation of $86,000. The local Department of Banking said Bitcoin of America illegally installed crypto machines ...

U.S. Department of Justice Requests Congressional Funds Return from Bankrupt FTX Exchange

The U.S. Department of Justice sent letters to members of Congress asking them to voluntarily return funds received from the bankrupt cryptocurrency exchange FTX. The office of Republican Senator Bob Latta of Ohio confirmed receiving a letter from the DOJ. In October 2 ...

Elon Musk’s NFT Tweet Enriches Milady Meme Coin Owners by $20 Million

After Ilon Musk posted a picture of the NFT Milady collection on his Twitter page, the owners of the meme coin got rich by $20 million. These funds went mainly to the top 10 largest holders of the cryptocurrency Milady Meme Coin (LADYS), ...

IRS Files $44 Billion Lawsuit Against FTX and Affiliates for Unpaid Taxes

The exchange and its affiliates are accused of not paying taxes The biggest lawsuit is filed against Alameda Research, for $20.4 billion The IRS got the highest priority for refunds The IRS (Internal Revenue Service) filed 45 lawsuits against FTX and ...

Genesis Capital Faces Setback as Creditors Renounce Old Claims

Genesis Capital's creditors have recently made new demands, renouncing previous agreements and claims in the bankruptcy court. This has resulted in the delay of executing the court-approved damages plan, which would have provided the injured party with compensation equal to 80% of the lost funds. ...

Russian Cybercriminal Sentenced to Probation and Compensation for Ryuk Ransomware Involvement

A Russian national, Denis Dubnikov, has been sentenced to three years of probation and ordered to compensate the victims of his alleged involvement in the distribution of Ryuk ransomware and money laundering. The Federal Court of Oregon has ordered Dubnikov to pay each Ryuk victim $2,000 in compe ...

Bitrue cryptocurrency exchange hacked for $23 million

On April 14, 2023, the technical support team of the Bitrue cryptocurrency exchange reported a hacker attack in which the attackers were able to withdraw approximately $23 million worth of cryptocurrency assets. The security specialists of Bitrue discovered a vulnerability in one of the hot walle ...

Conifex Timber takes legal action to lift ban on crypto mining in British Columbia

Conifex Timber, a Canadian company, has taken legal action by applying to the highest court in British Columbia to lift the local ban on the mining of cryptoassets. The company is also demanding that the Hydroelectric Power Authority (BC Hydro) resume the supply of electricity in the required vol ...

Huobi and Gala Games Sue pNetwork Validators Over pGALA Token Issuance

Huobi, a cryptocurrency exchange, and Gala Games, a Web3 gaming platform, are taking legal action against pNetwork validators, alleging that they collaborated with hackers and unlawfully issued pGALA tokens. The two companies are said to have enlisted the help of legal teams to initiate legal pro ...

Silicon Valley Bank CEO and CFO face class-action lawsuit over alleged abuse of power

The CEO and CFO of Silicon Valley Bank, Greg Becker and Daniel Beck, respectively, are facing legal action from shareholders who allege abuse of power. The group of shareholders filed a class-action lawsuit against the bank and its top executives in a federal court in California. According to ...

Men Sentenced to Prison for Cryptocurrency Theft in Omsk

A local court in Omsk has handed down strict sentences to three individuals who robbed a resident and forced him to transfer over 84 million rubles in cryptocurrency to their wallets. According to the Omsk prosecutor's office, the perpetrators arrived in the city and monitored their victim's move ...