Memes Lab, a platform bridging SocialFi and memecoins, has successfully raised $2.3 million in a seed funding round led by Lemniscap. According to a press release, the investment round saw participation from several prominent firms, including TVM Ventures,...
Dubai’s Virtual Assets Regulatory Authority (VARA) is preparing to introduce new regulations requiring cryptocurrency businesses to disclose the identities of major token holders, a move aimed at enhancing transparency and protecting investors in the city’s growing digital asset...
U.S. authorities seized $31 million in cryptocurrency-related to the April 2021 hack of Uranium Finance, a defunct DeFi platform. The operation involved the U.S. Attorney’s Office for the Southern District of New York and Homeland Security Investigations in...
South Korean cryptocurrency exchange Upbit has been hit with a partial business suspension by the country’s Financial Intelligence Unit (FIU), temporarily preventing new customers from conducting crypto deposits and withdrawals. According to a report by Korea Daily News...
Aux Cayes FinTech Co. Ltd, the operator of cryptocurrency exchange OKX, has acknowledged running an unlicensed money-transmitting business, breaching U.S. Anti-Money Laundering laws. As a part of a settlement with the U.S. Department of Justice, the company will...
Following the largest cryptocurrency heist in history, the hacker responsible for breaching Bybit’s cold wallet has successfully laundered 100,000 ETH—valued at approximately $250 million—within just four days. According to blockchain analytics firm Spot On Chain, which shared its...
The European Union has introduced a new round of sanctions targeting financial networks that support Moscow, adding Russian cryptocurrency exchange Garantex to its blacklist. This marks the first time the EU has sanctioned a Russian-based crypto exchange, signalling...
Amid the ongoing controversy surrounding the Libra token’s dramatic 95% crash, KIP Protocol has publicly distanced itself from the project, refuting claims that it played any role in the token’s launch or management. In a statement released on...
Infini, a stablecoin payment firm, has suffered a $50 million exploit, with investigations pointing to a former developer who allegedly retained unauthorized administrative privileges after completing the project. Blockchain security firm Cyvers uncovered the breach, revealing in an...
Blockchain security firm Elliptic has reported that the massive $1.46 billion stolen from Dubai-based crypto exchange Bybit is now being laundered, with hackers employing complex tactics to obscure their tracks. According to a blog post by Elliptic, the...
