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Nigerian Central Bank Freezes Bank Accounts of Fintech Firms, Accuses Them of Violating Forex Regulations
19.8.2021
The Central Bank of Nigeria (CBN) reportedly frozen bank accounts belonging to four fintech firms for up to 180 days after a Federal High Court in Abuja acceded to an “ex parte motion.” The ex parte motion, which is a form of temporary suspension, was granted after a Nigerian chief...
Poly Network Says Stolen User Assets on ETH Have Been Returned, Except Frozen USDT
13.8.2021
On Friday, a few days after the initial hack for $611 million, the Poly Network project detailed that the company has obtained all the assets stolen minus the frozen tether that was blacklisted by Tether Limited. The Poly Network team said they are in control of the funds along with “Mr....
Poly Network Hacker Says ‘In the Defi World Code Is Law’ While Returning Millions in Defi Tokens
12.8.2021
Two days after the notorious Poly Network hack, the hacker continues to send funds back to the project. On August 12, the Poly Network hacker so far has returned millions worth of ether, thousands of uni tokens, 1,032 wrapped bitcoins, and 96 million in stablecoins. The day prior, after returning...
Poly Network Defi Hacker Returns a Large Fraction of Tokens, Chainalysis Evaluates Hacker’s Onchain Movements
12.8.2021
On August 11, the blockchain intelligence firm Chainalysis published its findings on the recent Poly Network hack which saw the loss of approximately $611 million crypto tokens. The assessment from Chainalysis backed up the claims made by the security company called Slowmist that shows the hacker...
Poly Network Hacker Returns $4.7M in Funds — Attacker Asks Devs to Unlock Frozen Tether Stash
11.8.2021
On Tuesday, the decentralized finance (defi) project Poly Network was hacked for over $600 million in digital assets. The attack was the largest defi hack to date eclipsing all of 2021’s defi hacks combined. The very next day, however, the hacker started to send funds back to the Poly Network...
Poly Network Hacked for More Than $600 Million — Hacker Trolls Project Saying ‘It Could Have Been a Billion’
10.8.2021
On August 10, the decentralized finance (defi) project Poly Network suffered a loss of over $600 million according to various reports. The hack follows a recent Ciphertrace report on how defi-related hacks and fraud in 2021 have already surpassed 2020. The Poly Network hack on Tuesday is well above...
Crypto Exchange Raided on MLM Fraud Charges, USD 214M In Assets Frozen
4.5.2021
V Global, a South Korean crypto exchange has been raided by police, with the firm’s CEO placed in custody, homes, and offices searched, and assets frozen – with the trading platform accused of masterminding a large-scale, illegal multi-level marketing operation.
Police succeeded in obtaining court...
Turkish Crypto Exchange Exit Scam: CEO Flees Country, 62 People Detained, Users Cannot Access $2 Billion of Funds
24.4.2021
A Turkish cryptocurrency exchange with about 400,000 users has been accused of pulling an exit scam. Its CEO has reportedly fled Turkey, allegedly taking $2 billion of customer funds with him. The police have an arrest warrant for the CEO and 62 people have already been detained in connection with...
Darknet market link provider claims its Bitcoin donors’ accounts were frozen
10.2.2021
The admin of a well-known darknet market link provider claims its donation address was flagged as suspicious after it criticized Chainalysis' KYT flagging system
After Yearn exploit, attacker funds frozen and reimbursement plans developing
5.2.2021
Seized funds bring the damage down to $9 million as multiple communities ponder the next step in reimbursing user funds
Plant-Based Ice Cream Taste Test: What Comes Closest to the Real Thing?
3.2.2021
The plant-based food revolution is in full swing. There are now plant-based chicken nuggets, plant-based eggs, and countless meat and dairy-free alternatives, and many of them taste really good. And after we tested out Trader Joe’s plant-based burgers, a new vegan ice cream from a company called...
How Researchers Used GM Car Crash Data And Frozen To Explain A Grisly 62-Year-Old Mystery
30.1.2021
I am a fan of the strange and unusual, so when our Editor-in-Chief Rory Carroll spotted this fascinating story in National Geographic about the Dyatlov Pass incident, he immediately sent it to me. He was right to do so, as this is one of my favorite mysteries and it seems it may have actually...
Joe Biden Freezes FinCEN’s Crypto Wallet Rulemaking — US Crypto Regulations Under Review
22.1.2021
New U.S. President Joe Biden has frozen all agency rulemaking, including the proposal by the Financial Crimes Enforcement Network (FinCEN) relating to cryptocurrency wallets. Biden will appoint someone to “review any new or pending rules,” the White House has announced. FinCEN’s...
Proposed Crypto Wallet Rule Among Those Frozen by Biden Pending Review
21.1.2021
President Joseph Biden has frozen all agency rulemaking, including former Treasury Secretary Steven Mnuchin’s controversial proposal on “unhosted wallets,” according to a prominent cryptocurrency lawyer. The story is developing and will be updated
US Regulator Sues Crypto Hedge Fund Founder — $25 Million in Digital Assets to Be Frozen
26.12.2020
The U.S. Securities and Exchange Commission has filed a lawsuit against a cryptocurrency hedge fund founder for fraud. The regulator is seeking an emergency order freezing $25 million in digital assets held by a crypto hedge fund he controls. Crypto Hedge Fund Founder Sued in the US The U.S....
Sharktron Defi Project Devs Exit Scam: Tron Foundation Says Part of Missing Funds Now Frozen
10.11.2020
Developers of the Sharktron defi project have exit scammed with reports suggesting that TRX tokens worth up to $10 million are missing. The Tron Foundation has confirmed the theft, but is quick to inform Sharktron token holders that a portion of the missing funds has been frozen. The exit scam...
Protect and serve? The dilemma of reissuing lost or frozen DeFi tokens
28.10.2020
DeFi apps attempt to return crypto funds affected by the KuCoin hack to users. Are they to blame for the issues?
Frozen out? Bitcoin price correlation to other assets still undefined
24.10.2020
Fidelity’s report claiming Bitcoin as a non-correlated asset draws discussions, as not all agree with the assessment
Token Projects to Recover $130M from the Kucoin Hack, Devs Condemned for Centralization
29.9.2020
The cryptocurrency community has been discussing the Kucoin hack as a great number of ERC20 projects have frozen, paused, or reversed their smart contracts after the hack. Estimates say that at least $129 million ERC20 tokens affected are considered “safe” from the hacker’s...
Paytm Freezes Indian Bank Accounts Suspected of Cryptocurrency Trading: Report
11.8.2020
India’s largest mobile commerce platform Paytm has reportedly been freezing the bank accounts of users suspected of crypto trading, even though cryptocurrency, including bitcoin, is legal in India. The country still does not have a legal framework for cryptocurrencies but the government says...