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Report: Over $204 Million Lost to DeFi Hacks and Scams in Q2


More than $204 million was lost in various hacks and scams in the decentralized finance (DeFi) space during the second quarter of 2023, a new report by crypto portfolio app De.Fi has found. According to the report, the initial loss for the quarter was as high as $208.5 million before $4.5 million...

Bitcoin’s Sats Names Ecosystem Flourishes: 370,000 SNS Names Inscribed


On June 26, 2023, the number of Bitcoin-based Ordinal inscriptions surpassed 14 million, just six days after exceeding 13 million. Inscription activity has continued to rise since then. In addition to text, non-fungible tokens (NFTs), and fungible BRC20 tokens, Ordinal inscription technology...

Craigslist Ad Begs Someone To Buy Video Game Store For $1 Million


Hey, do want to own a retro video game store in California? And (this is important) are you not Elon Musk? Well, good news, someone is selling a game store, its entire stock, and even its 15-foot-tall Mario effigy on Craigslist right now, all for a cool $1,000,000. Why? Because the current owner...

US Court Orders Operator of Digital Asset Trading Scam to Pay $54 Million


According to the Commodity Futures Trading Commission (CFTC), Michael Ackerman, the operator of an alleged fraudulent digital asset trading scheme, has been issued with an injunction order which bars him from trading in any CFTC-regulated markets or registering with the CFTC. The injunction also...

FTX Pauses Sale of $500 Million Stake in AI Startup Anthropic


Failed crypto exchange FTX has unexpectedly halted the sale of its stake in the artificial intelligence (AI) startup Anthropic. The stock has been viewed as a source of funds that can be used to compensate customers who suffered losses as a result of the coin trading platform’s collapse....

Ex-Trader Ackerman Ordered to Pay $54 Million Fine for Crypto Fraud


The former New York Stock Exchange broker Micahel Ackerman has been ordered to pay $54 million in penalties by a federal court for running a crypto fraud, as per a release from the Commodity Futures Trading Commission (CFTC). A judge at the Southern District of New York court has banned Ackerman...

Alleged Admin of Darknet Marketplace Monopoly Market Extradited to US


The suspected administrator of the Monopoly Market darknet marketplace has been extradited from Austria to face charges in the U.S. The man, a citizen of Serbia and Croatia who was arrested in Vienna last November, has been accused of facilitating $18 million in illegal drug transactions using...

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