The recent arrest of Ontario’s self-proclaimed ‘Crypto King,’ Aiden Pleterski, has sent shockwaves throughout the region. Pleterski, along with his associate Colin Murphy, is facing serious charges of fraud and money laundering in connection to an alleged Ponzi scheme that defrauded victims of approximately $30 million. This case has been under investigation for over 16
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Two siblings, Anton Peraire-Bueno and James Peraire-Bueno, who both attended the prestigious Massachusetts Institute of Technology (MIT), have been accused of exploiting a vulnerability in the Ethereum blockchain. This resulted in them reportedly swindling $25 million within just 12 seconds, making it a highly sophisticated and unprecedented caper. If found guilty, they could face sentences
Polkadot, a blockchain protocol known for its advancements in scalability and efficiency, recently announced a groundbreaking partnership with Founder Institute, a leading business incubator. This collaboration marks the launch of the first Web3 cohort in Founder Institute’s Core Program. The team described it as an exciting chapter in startup acceleration and Web3 technology education. The
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The introduction of Magic Launchpad by Magic Square signifies a significant shift in the way early-stage projects approach fundraising. With a vast user base of over 4.5 million unique wallets and a thriving community of 1400 registered projects, Magic Launchpad is set to revolutionize growth hacking, brand awareness, user acquisition, and fundraising strategies for emerging
Bitcoin had an incredibly positive trading week, seeing an increase of over $6,000 and reaching a peak of over $67,000. This surge brought Bitcoin to its highest price level in almost a month. The bullish trend started after a slight retracement to just above $60,000, which was quickly defended by the bulls over the weekend.
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The Chinese police recently uncovered a major underground banking operation that utilized the popular stablecoin Tether (USDT) for transferring funds amounting to 13.8 billion yuan ($1.9 billion). The operation was led by a criminal gang involved in the import and export business in China. The gang used USDT to run a foreign exchange payment and
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