In recent times, the Commodity Futures Trading Commission (CFTC) has teamed up with various federal and private organizations to combat the increasing prevalence of crypto scams, particularly the notorious “pig butchering” scams. These fraudulent schemes have resulted in significant financial losses, highlighting the urgent need for greater awareness and vigilance among consumers. Partnership Against Scams
Platforms
The upcoming airdrop for the highly anticipated Rocky Rabbit Telegram game is set to take place on September 23, 2024, on The Open Network (TON). This event marks a significant milestone in the game’s development as it rewards early adopters and signals a shift towards more advanced gaming features. Players who participate in the airdrop
Investors and gamers have been increasingly drawn to pre-market trading as a means of gaining early access to sought-after game tokens. Platforms like Telegram have introduced games such as Hamster Kombat, Catizen, WatBird, and X Empire, offering traders the opportunity to acquire tokens before they are officially released to the public. This strategy, known as
The Digital Chamber (TDC) has urged Congress to pass legislation that would designate certain non-fungible tokens (NFTs) as consumer goods and exempt them from federal securities laws. This call for action comes in response to the Securities and Exchange Commission’s (SEC) recent enforcement actions, including a Wells notice issued to NFT marketplace OpenSea. TDC argues
Grant Thornton, a leading global auditor, recently conducted a comprehensive review of Liminal’s infrastructure to confirm its security following the hack on WazirX’s systems. The audit found no evidence of compromise in Liminal’s frontend, backend, or user interface, providing assurance that the platform’s systems remained secure throughout the incident. This reaffirmation showcases the importance of
Friend.tech recently made a bold decision to relinquish control of its smart contracts and transfer ownership to Ethereum’s null address. This move had immediate repercussions on the platform’s ecosystem, particularly on the value of the FRIEND token. Although the decision sparked some market reactions, it only scratches the surface of the deeper issues plaguing the
The United States Federal Bureau of Investigation (FBI) has recently issued a warning to the public regarding aggressive attacks by North Korean hackers on the crypto industry and companies associated with digital asset investment products. These attacks are not your typical cyber threats; they consist primarily of sophisticated social engineering tactics that even those well-versed
The US Securities and Exchange Commission (SEC) recently charged and settled with hedge fund Galois Capital Management LLC over a private fund that was primarily investing in cryptocurrencies. The charges were related to Galois Capital’s alleged failure to comply with client asset safeguarding requirements, particularly with regards to crypto assets that were considered securities by
The U.S. Securities and Exchange Commission recently imposed charges against Galois Capital, a crypto-focused advisory firm that held client assets at FTX. As a result of their actions, Galois has agreed to pay a civil penalty of $225,000, which will be distributed to affected investors. The SEC found that Galois failed to ensure that the
The crypto space faced significant challenges in August 2021, with over $313 million in losses reported due to more than ten different hacking incidents. Shockingly, 93.5% of the stolen funds were a result of just two major phishing attacks during that period. These incidents, as highlighted by blockchain security firm PeckShield, cumulatively accounted for a