Are Crypto Hacks Rampant? Top Crypto Hacks of 2023

Crypto hacks are when cybercriminals employ different means to defraud you of your crypto assets. However, as an individual or customer, you are not the only target of cybercriminals. In fact, crypto exchanges, protocols, and wallets represent a large chunk…

Senator Elizabeth Warren Raises Concerns Over Hamas’ Crypto with incorrect statistics from WSJ

According to Reuters, heightened scrutiny has emerged over the Palestinian organization Hamas allegedly utilizing cryptocurrencies to raise funds in recent weeks. This follows isolated incidents where authorities sanctioned crypto wallets linked to Hamas.  In response, U.S. Senator Elizabeth Warren penned…

Betting It All: FTX’s Bankman-Fried Rolls The Dice On His Own Testimony Thursday, October 26, 2023

CNN recently reported that Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, will testify in his criminal fraud trial as early as Thursday, his defense team announced Wednesday. The move signals a dramatic shift in legal strategy as Bankman-Fried…

Cracking Down: U.S. Strikes Hamas’ Crypto Funding Pipeline

The U.S. Department of the Treasury has announced sanctions against the Gaza-based cryptocurrency exchange Buy Cash Money and Money Transfer Company amid escalating tensions between Israel and Palestine. The sanctions are part of broader U.S. efforts to cut off financial…

Binance’s Strategic Pivot: Adapting to the UK’s Regulatory Landscape

In the ever-evolving world of cryptocurrency, adaptability is critical. Binance, a global leader in the crypto exchange realm, has recently showcased this adaptability in its response to the UK’s regulatory changes. With the Financial Conduct Authority (FCA) tightening its grip…

FTC Obliterates Voyager’s Big FDIC Deception – Justice for the Victims

FTC Takes Aim: Voyager Digital Faces Judgment The Federal Trade Commission (FTC) has recently reached a significant settlement with Voyager Digital, a crypto company that has filed for bankruptcy. The settlement permanently bans Voyager from managing consumer assets and also…

Hack Reversal: Stars Arena Recovers 90% of Stolen Crypto via Novel Hacker Deal

Social media startup Stars Arena has managed to recover approximately 90% of the cryptocurrency stolen in a security exploit last week, an impressive turnaround enabled by an unusual agreement with the hacker responsible.  The Avalanche-based company confirmed that after extensive…

FTX Lawyers Under Scrutiny Over $200 Million Alameda Loans

Bankman-fried’s defense seeks clarity In a recent development, Sam Bankman-Fried’s legal team is pushing to investigate the alleged role of FTX lawyers in issuing $200 million worth of loans from Alameda. This move comes after an Oct. 1 court decision…

UK Crypto Exchanges Scramble to Comply With New Regulations

Major cryptocurrency exchanges operating in the UK have unveiled plans to adhere to the country’s new Financial Promotions (FinProm) Regime enforced by the Financial Conduct Authority (FCA). The rules aim to promote fairness and transparency in the crypto sector. Binance…

Crypto Advocate Gets 8-Yr Term for Unregistered Bitcoin Exchange

On Monday, authorities sentenced libertarian activist and radio personality Ian Freeman from New Hampshire to an eight-year prison term for operating an unregistered Bitcoin exchange. In addition, he is subject to a minimum punishment of $40,000 awaiting the outcome of…