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Inferno Drainer says it’s shutting down after helping steal $70M in crypto
27.11.2023
“We hope you can remember us as the best drainer that has ever existed,” wrote the scam-as-a-service wallet drainer
Africa-Focused Remittances Fintech Zazuu Shut Downs After Failing to Secure Additional Funding
21.11.2023
An Africa-focused remittances firm, Zazuu, has become the latest fintech startup to close shop after it failed to raise extra funding. Zazuu and other African fintechs’ funding problems are said to be linked to the collapse of Silicon Valley Bank in the U.S. Zazuu Shuts Down Just Over a Year...
Crypto Exchange Bittrex Global to Shut Down
21.11.2023
All trading on the platform will be disabled on Dec. 4, several months after Bittrex's U.S. arm filed for bankruptcy and stopped operations
EU backs Data Act with clause to shut off smart contracts
10.11.2023
The Act, inclusive of a clause necessitating “kill switches” on smart contracts, only now needs approval from the European Council to pass into law
South Korean Police Shut Down ‘International Crypto Fraud’ Ring, Freeze $1.2m
8.11.2023
Source: Maksim Shmeljov/Adobe South Korean police have swooped on a group of suspected “international” crypto fraudsters, freezing over $12 million and arresting 49. Newsis reported that the Cyber Investigation Department of the Seoul Metropolitan Police Agency has “arrested a total of 49 people...
South Korean Police Swoop on Suspected Crypto Scam, Arrest 25
7.11.2023
South Korean police have shut down a firm at the center of a suspected crypto scam that allegedly duped 4,000 people out of their funds, arresting 25 people. Per Maeil Shinmun, the firm is thought to have amassed almost $14 million worth of fiat and crypto from its customers, with suspects detained...
AVAX blockchain explorer to shut down as Etherscan fees draw controversy
30.10.2023
Annual subscription fees for Etherscan's EaaS service has reportedly grown to $2 million per year
Report: Africa-Focused Crypto Trading App Shut Down — Co-Founder Says Only Nigerian Users Affected
22.10.2023
The Africa-focused crypto trading app Vibra has reportedly stopped working in Ghana, Kenya, and Nigeria. Reports that the app is not working in the three countries contradict the co-founder’s claim that only users from Nigeria are affected. Resign or Get Fired An Africa-focused crypto trading...
‘This will be our last post’ — LBRY throws in towel against the SEC
20.10.2023
“Thank you to everyone who fought with us for online freedom,” the LBRY Inc team said
Binance to shut down BUSD lending by October 25
3.10.2023
The move is part of a phased termination of BUSD support by February 2024
Local US Bank Shut Down after CEO Lost Millions in Crypto Scam
27.9.2023
Heartland Tri-State Bank, a community bank in Elkhart, Kansas, has been forced to shut down after its CEO, Shan Hanes, lost millions of dollars in a cryptocurrency scam.
The incident unfolded on July 5 when Hanes, desperate to retrieve his money from a supposed cryptocurrency investment...
Discord Crypto Trading Bot to Shut Down Due to ‘Critical Exploits’
20.9.2023
None Trading, a trading tool catering to cryptocurrencies and non-fungible tokens on Discord will close its doors to customers.
The company attributed this decision to a security exploit in an official statement posted on X (formerly Twitter) on September 20.
None Trading revealed that this...
Toyota Had To Shut Down 14 Factories After PCs Ran Out Of Hard Drive Space
11.9.2023
In August, Toyota was forced to shut down over a dozen auto plants in Japan due to unspecified computer problems. Some theorized it was a cyberattack of some kind, but Toyota denied this and has now revealed what actually happened: Its computers ran out of disk space and everything broke. Read more
80 Chinese crypto influencer accounts shut down in latest crackdown
5.9.2023
The accounts had over 8 million in combined followers before they were removed
Solana-based Clockwork to shutter citing ‘limited commercial upside’
29.8.2023
Clockwork’s planned closure comes about a year after receiving $4 million in a seed round led by Multicoin Capital
Solana-based Protocol Clockwork To Shut Down Despite $4 Million Seed Funding
28.8.2023
Solana-based automation protocol Clockwork will be winding up its operations after its founder disclosed the company’s decision to step away from “active development of the protocol.”
Nick Garfield, the founder of the protocol announced on Aug 28 the plans of the company to shut its doors by...
Solana-based Automation Startup Clockwork to Shut Down
28.8.2023
Solana-based automation project Clockwork’s developers are moving on from the venture-backed startup after finding it had “limited commercial upside.”
Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands
26.8.2023
In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This decision came after this summer’s unprecedented heat surge escalated electricity demands. Furthermore, these mining operations have reportedly been...
As Xbox 360 Store Nears End, Microsoft Swears Game Preservation Is ‘Front And Center’
24.8.2023
Phil Spencer, the head of Xbox Gaming, said in a Eurogamer interview that preserving Xbox 360 games that will be lost once the console’s digital store shuts down forever in 2024 is at the “front and center” of the company’s mind.Read more
Binance to halt crypto debit card in Latin America and the Middle East
24.8.2023
Binance didn’t reveal the exact reason behind the suspension but claimed it would only impact 1% of users in the mentioned region