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US Judge Orders Kraken to Release Customer Data to IRS in Cryptocurrency Tax Probe
1.7.2023
Kraken, the San Francisco-headquartered digital currency exchange, has received a court order from a U.S. judge requiring the release of customer data to the Internal Revenue Service (IRS). The court filing, submitted on Friday, states that the IRS is seeking details pertaining to accounts that...
Brit Gets Prison Time for Twitter Hack Impersonating Biden, Buffett in Bitcoin Scheme
26.6.2023
A U.K. citizen has been sentenced by а New York court to five years in prison for his role in a Twitter hack including the hijacking of accounts of U.S. political and business figures. The man is also responsible for the theft of large amounts of cryptocurrency in a SIM swap attack. Hacker Goes...
Over 100,000 Compromised Chatgpt Accounts Discovered on Darknet Markets
24.6.2023
Cybersecurity researchers have found tens of thousands of devices storing Chatgpt credentials that have been infected with info-stealing malware. The account details have ended up being sold on the dark web, they said, pointing out that the Asia-Pacific leads by number of such offers. Increase...
Custodia Bank Founder Caitlin Long: ‘The Fed Thinks Only Large Incumbents Should Service Crypto’
22.6.2023
Caitlin Long, the founder of Custodia Bank, has railed against the favoritism that the Federal Reserve and the institutions of the U.S. financial system are supposedly showing to incumbents. According to Long, regulators have applied double standards when permitting established financial...
Scammers steal nearly $1M after hijacking 8+ prominent crypto twitter accounts
10.6.2023
The group of scammers have recently taken over accounts belonging to the founder of Pudgy Penguins, the CTO of OpenAI and even crypto hater Peter Schiff
‘Large Amounts of Money’ Flowed in Binance Related Accounts: SEC Accountant Says
8.6.2023
An accountant for the US Securities and Exchange Commission says crypto exchange Binance, CEO Changpeng Zhao and related entities moved “large amounts of money” from 2019 up to this year.
Binance and its entities held numerous accounts with the now failed Silvergate Bank and Signature Bank during...
‘De-Dollarization Emerging’ but Greenback Will Retain Its Dominance — JP Morgan Strategists
8.6.2023
Two JP Morgan strategists have said the U.S. dollar will retain its dominant position even as it is being challenged by alternative currencies such as the Chinese yuan. According to a report, the yuan currently accounts for just 7% of global foreign exchange trade volumes while the greenback...
SEC Summons Binance CEO CZ as Lawsuits Shake Cryptocurrency Industry
8.6.2023
The United States District Court in Washington, D.C., at the request of the Securities and Exchange Commission (SEC), summoned Binance CEO Changpeng Zhao (CZ) on Wednesday. Binance CEO CZ Challenged by SEC Summons as Legal Battles Escalate On Wednesday, several social media accounts shared...
Report: Binance Controlled Bank Accounts Belonging to Its US Affiliate Between 2019 and 2020
6.6.2023
Between 2019 and 2020, crypto exchange Binance controlled bank accounts belonging to its U.S. affiliate including one holding funds of American clients, a new Reuters report has said. According to the report, employees of the crypto exchange’s U.S. affiliate had to get Binance executive...
Binance Executive Controlled Bank Accounts Belonging to U.S. Wing in 2019-20: Reuters
5.6.2023
Binance.US has always claimed to be independent from Binance, a stance that may come under scrutiny following this news
Animoca Brands' Chairman Attributes Delayed 2020 Accounts to Recent Turbulence
2.6.2023
A leading Hong Kong-based blockchain gaming and Web3 investor, Animoca Brands, has delayed its financial report since 2020.
The firm received an extension until the end of Q1 2023 to publish its 2020 audited accounts but has yet to do so.
In a recent report, the company’s chairman, Yat...
Critical Vulnerability in Tron’s Multisig Mechanism Exposed $500M in Digital Assets: Report
30.5.2023
According to a report published by the cybersecurity research team known as 0d, a division of Dwallet Labs, researchers discovered a critical vulnerability in the Tron network’s native multi-sig mechanism. The cybersecurity experts explained that the vulnerability could have impacted more...
Security firm discovers $500M vulnerability in Tron multisig accounts
30.5.2023
After reporting the vulnerability to Tron in February, the researchers highlighted that the issue was promptly addressed and resolved within a few days
Gemini and Genesis Fight Back Against SEC Lawsuit, Seek Dismissal of Allegations
29.5.2023
Gemini Trust Company and Genesis Global Capital filed a court document on May 26, 2023, seeking the dismissal of a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The regulatory body had accused the two crypto firms of offering unregistered securities. Gemini and Genesis...
Coin Cafe to repay $4.3M in fees that 'wiped out' investors' Bitcoin accounts
19.5.2023
The platform was charging investors ‘exorbitant and undisclosed fees’ with one user being charged recurring fees of $51,000 over a span of 13 months, according to the statement
Even Licensed Firms Say Opening Bank Accounts Is Hard in Hong Kong
17.5.2023
Hong Kong has said it wants to be a crypto hub but its banks are rejecting account opening applications
Musk on ‘Massive Incentive’ to Get Money Out of Banks, Dave Ramsey Dismisses De-Dollarization Fears, BTC Network Congestion Eases, and More — Week in Review
14.5.2023
Twitter CEO Elon Musk has shared what he calls a “massive incentive” to get money out of bank accounts, noting “bank depositor flight will accelerate to extreme levels, even for banks that are ‘too big to fail.’” Personal finance coach and author Dave Ramsey, for his part, thinks...
BlockFi users to get back $297M from Wallet accounts: Report
11.5.2023
Return of funds does not apply to users of interest-bearing accounts, ruled U.S. bankruptcy judge Michael Kaplan
BlockFi Customers Can Be Repaid $300M Held in Custodial Accounts, Judge Says
11.5.2023
BlockFi custodial wallet users can be returned nearly $300 million, as a New Jersey judge ruled on Thursday May 11 that assets sitting in the wallets belong to clients rather than the estate of the bankrupt crypto lender
Seoul Court Greenlights Seizure of Do Kwon’s Assets Worth $176 Million
11.5.2023
According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176...