Day: 28 December 2022

The Suwon High Court has sentenced six executives of V Global, a South Korean cryptocurrency exchange, to prison terms following a court hearing on December 26th.  According to reports from Economist.co.kr, two executives, Mr. Yang, and Mr. Oh were sentenced to eight and three years in prison, respectively, while the ...

Midas Investment, a cryptocurrency investment platform, has announced that it will cease operations due to significant losses in 2022.  Iakov Levin, also known as "Trevor," the company's founder and CEO, stated that the decision was partly due to the DeFi portfolio losing $50 million, or 20% of its $250 million ...

Avraham Eisenberg, a cryptocurrency trader, has been arrested in Puerto Rico on charges of market manipulation and fraud in connection with the $110 million Mango Markets decentralized exchange hack. Avraham Eisenberg admitted his involvement in the theft of funds from Mango Markets' accounts shortly after the incident in mid-October. Statement ...

According to CoinMarketCap, Nervos Network's token (CKB) is trading at $0.0023 in terms of its USD rate, up 0.02% in the last hour. CKB has a total market cap of $75,867,562 and a $1,965,963.00 24-hour trading volume. CKB is currently ranked 188 in the cryptocurrency market.  Here are some background ...

Defrost Finance, a decentralized trading platform that lost $12 million in the days leading up to Christmas, has denied allegations that it subjected its members to a sophisticated exit scam. The platform reported that it was the victim of a flash loan attack on December 23, which drained user funds ...

As the use of cryptocurrency continues to grow in popularity, Venezuelan banks have increased their efforts to monitor accounts that are frequently associated with cryptocurrency transactions. In a recent blog post, Legalrocks, a Venezuelan law firm specializing in cryptocurrency and blockchain, reported that over 75 cases of accounts being suspended ...

On December 27, cybersecurity firm Kaspersky Lab announced that the North Korean hacking group BlueNoroff had successfully stolen millions of dollars in cryptocurrencies. The group, which has been active for several years, was able to carry out this cybercrime by creating more than 70 fake domains that impersonated banks and ...

With a gradual but steady stray away from Satoshi Nakamoto's tenets of decentralization, transparency, self-custody, security, privacy, inclusion, and interoperability, the cryptocurrency industry now finds itself in the eye of an unprecedented storm.  The startling frequency of security, privacy, and transparency violations that dominate headlines in the industry has precipitated ...

Given recent events in the crypto industry, it may be difficult to entrust the safety of one's assets to custodial solutions. Proof-of-Reserves provides a solution for those concerned about the transparency of their exchange-held assets: the ability to verify those reserves. This is critical in ensuring that tangible assets back ...

Argo Blockchain, a Bitcoin mining company, has announced that it will not have to file for bankruptcy protection thanks to a deal with Galaxy Digital. The London-based firm has agreed to purchase Argo's Helios mining facility in Dickens County, Texas, for $65 million. In addition to the sale, Argo will ...