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FTX Legal Fees Amount to $1.3 Million Per Day, Creditors Concerned


Source: Adobe Bankrupt digital asset exchange, FTX has paid hundreds of millions in legal fees in a few months sparking reactions as creditors seek to recover their losses. Court filings show that over $118 million were billed on the exchange between August and October for professional legal fees...

Tesla Recalls Millions Of Cars To Patch Mode That Could Kill You


Tesla is recalling and updating almost all of its two million electric cars sold in the United States to place additional limits on their included self-driving assistance mode, Autosteer. Investigations have shown Autosteer can be extremely dangerous, and it’s been blamed for multiple accidents...

Looking at Getting Started With Crypto? What You Should Know


Cryptocurrency has been disrupting the financial world for quite a few years. No wonder it has become one of the mainstream investment channels for forward-thinking investors and traders. The potential for substantial gains from these decentralized currencies is gaining attention from millions...

How DeFi Can Bridge the Forex Gap in Africa, According to Banking CEO


Source: AdobeStock / Confidence Neobank Canza Finance‘s decentralized finance (DeFi) tech provides decentralized foreign exchange (FX) for African currencies, its CEO and co-founder Pascal Ntsama IV said. Canza website stresses that access to financial services and products is “a...

U.S. Treasury Sanctions North Korean Government’s Crypto Mixer Sinbad


According to a statement released Wednesday, the U.S. Treasury Department has placed sanctions on the government of North Korea’s crypto mixer, Sinbad. “A key-money laundering tool” Sinbad serves as “a key money-laundering tool” for the state-sponsored North Korean cyber-hacking collective...

Crypto Scam-Kit Inferno Drainer Shuts Down Operations


Source: AdobeStock / Tomasz Bidermann Digital asset wallet-draining platform, Inferno Drainer has closed shop after helping bad actors drain millions from several cryptocurrency platforms. In a recent Telegram post, the firm announced an end to its operations citing a need to move on after helping...

58 US Lawmakers Probe Biden and Yellen on Hamas’ Crypto Operations


Fifty-eight U.S. lawmakers have probed President Joe Biden and Treasury Secretary Janet Yellen regarding Hamas’ digital asset operations, as well as whether the U.S. has had success in seizing illicit cryptocurrencies. Despite reports that terrorist groups have raised millions in crypto,...

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