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HECO Chain bridge compromised, over $86.6M sent to suspicious addresses
22.11.2023
Blockchain security firm PeckShield reported that assets like stablecoins, ETH, SHIB, LINK and more were transferred from the bridge. Withdrawals and deposits have been suspended, and Justin Sun has said HTX will fully compensate users for any losses
Solana Price Prediction as SOL Tops Altcoin Fund Inflow with $13.6 Million Last Week – Is SOL the New Investor Favorite?
22.11.2023
The Solana price has dipped by 3% in the past 24 hours, dropping to $54.67 after Binance’s settlement with the US Department of Justice sent the entire market lower yesterday. SOL is now down by 8.5% in the past week, yet the altcoin remains up by 26% in the past fortnight and by...
As Viral ETF Token Plummets 99%, This Other Bitcoin ETF Project Just Raised $1.3 Million – Next 100x Coin?
22.11.2023
As market hype around the prospect of an imminent Bitcoin Spot ETF grows, so too has super-charged price action on DEX markets, but in a move shocking markets this morning, viral BTC ETF token has rug-pulled – leaving investors scrambling for alternative plays. Recent months have seen a huge...
Genesis Files Lawsuit Against Former Business Partner Gemini Trust, Seeking to Recover $689 Million
22.11.2023
Source: AdobeStock / Timon Crypto lender Genesis Global Capital has taken legal action against cryptocurrency exchange Gemini Trust in an attempt to reclaim over $689 million. The lawsuit was filed in the US Bankruptcy Court for the Southern District of New York on Tuesday, alleging that Gemini...
Matrixport: Binance Plea Deal Boosts Approval Odds for Bitcoin Spot ETF
22.11.2023
Source: AdobeStock / JorgeEduardo Binance CEO Changpeng Zhao has entered a guilty plea, agreeing to a $50 million fine, while Binance itself is set to pay a $4.3 billion penalty. CZ’s sentencing hearing is scheduled for February 23, 2024, where he may face prison time of up to 18 months. This comes...
Binance Sees More Than $900 Million in Outflows as Former CEO Pleads Guilty
22.11.2023
Source: AdobeStock / Iryna Budanova Binance, the world’s largest crypto exchange, has seen more than $900 million in outflows over the past 24 hours after former CEO Changpeng “CZ” Zhao pleaded guilty to money laundering violations. According to data from DeFi TVL aggregator...
Former Binance CEO CZ Released on $175 Million Bond, Sentencing Hearing Set for February 2024
22.11.2023
Source: GeekWire/ Taylor Soper The founder and former CEO of Binance, Changpeng “CZ” Zhao, has been released on a $175 million personal recognizance bond. This follows his guilty plea to charges of violating the Bank Secrecy Act. A plea made during a court appearance where federal...
Mastercard and Feedzai Collaborate to Increase Crypto Fraud Protection for 900 Million Consumers Globally
22.11.2023
Mastercard is collaborating with Feedzai to “increase crypto fraud protection for hundreds of millions of consumers.” In pairing the technologies offered by the two companies, “Feedzai’s customers, who collectively protect over 900 million consumers globally, will now be able...
Aragon DAO Backs Lawsuit Against Founding Team, Allocates $300,000 in Funding
22.11.2023
Image source: Adobe Stock Aragon DAO, a decentralized autonomous organization, has passed two votes that support a lawsuit against its founding team, allocating $300,000 in funding for the legal battle. The voting process saw unanimous approval for the proposal, with 1.6 million governance tokens...
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...
DOJ Announces Aeizure of $9 Million of Tether Tied to ‘Pig Butchering’ Scams
21.11.2023
On Tuesday morning, the U.S. Department of Justice announced the seizure of nearly $9 million worth of Tether linked to “pig butchering” scams that exploited over 70 victims. How the fraudsters did it Originating in Southeast Asia, “pig butchering” is a practice conducted by perpetrators who prey...
US DOJ Seizes $9M USDT As Part Of $225M Frozen By Tether In “Pig Butchering” Crypto Scam
21.11.2023
The DOJ continues its crackdown on cryptocurrency crimes by seizing USDT funds related to a “pig butchering” crypto romance scam. Image by blvdone, Adobe Stock. The US Department of Justice (DOJ) announced today that it seized $9 million worth of the stablecoin USDT related to...
Blur Founder Launches New Layer 2 Network Blast, Raises $55 Million Within Hours
21.11.2023
Source: Pixabay Blast, Ethereum’s latest Layer 2 network, has gone live in an “early access” mode. In an X post on Monday, Blast announced its intention of becoming the inaugural Ethereum Layer 2 platform to introduce a built-in yield model. The company’s $20 million initial funding round...
Bitcoin Minetrix Presale Enters Stage 9: Last Chance to Buy Before Price Hike
21.11.2023
Tuesday, November 21, 2023 – The highly anticipated Bitcoin Minetrix presale is set to enter its ninth stage tomorrow morning, marking a significant price increase in one of the most talked-about Bitcoin derivative projects of the year. This pivotal move comes as the Bitcoin Minetrix presale...
De.Fi 2.0: Revolutionizing SocialFi & Antivirus, Secures $5 Million in Funding
21.11.2023
Source: Adobe / BeNeDak De.Fi, a platform that describes itself as a “SocialFi & Antivirus SuperApp,” has achieved a major milestone with the introduction of decentralized finance (DeFi) platform De.Fi 2.0, along with an ongoing public sale of its DEFI token. So far, the project...
Fantom Awards $1.7 Million to Security Researcher for Spotting A Massive Vulnerability
21.11.2023
Source: Adobe Stock / sunilpurushe The Fantom Foundation has awarded a $1.7 million bounty to a blockchain security researcher who identified a potential breach that could result in $170 million losses. The non-profit organization that partakes in the blockchain’s development says it has eliminated...
Is Avalanche Going to Zero? AVAX Price Suffers 8% Fall as New Mining Protocol Raises $2.4 Million
21.11.2023
Layer-1 blockchain Avalanche has seen native AVAX price tumble -8% in an ongoing retracement following a local rally top, but with price pushing down is Avalanche going to Zero? The impressive Avalanche rally has seen price climb +180% rapidly over the past month after being triggered by...
Fantom Foundation awards $1.7M bounty for preventing $170M drain
21.11.2023
In the aftermath of Fantom’s $550,000 hack in October, a security researcher found that the attacker could have stolen as much as $170 million
Bitcoin Price Prediction: BTC Surge Over $37,000 Amid Record Transactions
21.11.2023
In a remarkable turn of events, Bitcoin’s price surged to $37,444, marking nearly 1% increase on Tuesday, signaling robust investor confidence and market dynamics. This notable ascent coincides with significant developments in the cryptocurrency sphere, including Tether’s unprecedented...
Chinese Police Bust $140 Million Crypto Money Laundering Ring
21.11.2023
Source: Pexels China’s law enforcement agency in Wuhan arrested 27 individuals involved in a sophisticated crypto money laundering and crime operation involving 1 billion yuan, approximately $140 million. The arrests were made in provinces and cities such as Deyang in Sichuan, Changchun in Jilin...