In an impressive display of collaboration between private and public sectors, Binance has recently joined forces with Delhi Police to dismantle a sophisticated scam perpetrated by a fraudulent organization known as “M/s Goldcoat Solar.” This concerted effort has not only led to multiple arrests but also a significant seizure of over 100,000 USDT in crypto
Threat
In the rapidly evolving world of cryptocurrency, Ethereum continues to face its fair share of challenges and criticism. Notably, advocates within the Ethereum community are rallying against a wave of misinformation and fear, uncertainty, and doubt (FUD) that threaten to influence public perception. This backlash is particularly poignant as Ethereum (ETH) has recently lagged behind
The cryptocurrency landscape has experienced remarkable growth over the last decade, evolving from niche interest to a mainstream financial avenue. As this digital currency revolution gathers pace, it inevitably attracts those who would exploit its decentralized and pseudonymous nature for illicit gain. One glaring example is the recent conviction of Chirag Tomar, whose fraudulent activities
The recent exploit suffered by Radiant Capital, which resulted in the loss of over $50 million in user funds, serves as a stark reminder of the vulnerabilities inherent in decentralized finance (DeFi) systems. This incident, outlined in detail by Radiant Capital in a post-mortem analysis, underscores the sophistication of cyber threats facing blockchain projects today.
In light of the escalating number of cyber threats targeting the cryptocurrency sector, the European Securities and Markets Authority (ESMA) has made a compelling case for the European Union (EU) to tighten its regulatory approach. Recent reports indicate a staggering $1.5 billion loss due to cyberattacks on crypto platforms in the first half of 2024
The cryptocurrency landscape in the United States is fraught with uncertainty, primarily due to the regulatory tug-of-war between digital asset firms and government agencies like the U.S. Securities and Exchange Commission (SEC). The SEC has pursued a path of stringent enforcement, often claiming jurisdiction over cryptocurrency transactions under the premise that they fall under the
Marat Tambiyev, once a prominent figure within Russia’s Investigative Committee, has been sentenced to 16 years in prison for his involvement in a monumental bribery case. This case shines a light on the intertwining worlds of law enforcement and cybercrime, as Tambiyev accepted an astounding bribe of 1,032 bitcoins, valued at approximately $65 million, from
On October 10, 2023, the U.S. Securities and Exchange Commission (SEC) made headlines by charging Cumberland DRW, a prominent crypto market maker based in Chicago, with operating as an unregistered securities dealer. This move sparks significant discussions regarding regulatory oversight of the rapidly evolving cryptocurrency sector. The SEC claims that since March 2018, Cumberland has
Bitcoin (BTC) has recently been on a tumultuous journey, marked by fluctuations that have left many investors apprehensive. As we delve deeper into the ongoing price movements and market indicators surrounding Bitcoin, it is essential to dissect both the bullish signals and potential red flags that could hinder its progress. Although the start of October
The ongoing legal conflict between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs continues to cast a shadow over the cryptocurrency market, particularly for XRP. Following the SEC’s appeal against a favorable ruling by Federal Judge Torres in 2023, XRP experienced a notable price decline. The initial verdict stated that secondary sales of