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The cryptocurrency exchange CoinEx is set to restore deposits and withdrawals for several major tokens on Thursday after pausing services due to a security breach that reportedly allowed North Korean hackers to steal $70 million. The stunning heist, tentatively attributed to the prolific North Korean hacking syndicate Lazarus Group, saw
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In a shocking new lawsuit, bankrupt exchange FTX alleges that Sam Bankman-Fried's parents, Stanford law professors Joseph Bankman and Barbara Fried, directly enabled their son's fraudulent scheme that led to FTX's implosion. This explosive revelation contradicts the couple's previous claims about their
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A devastating swindle has recently come to light in Delaware, where a senior citizen invested $275,000 in a fraudulent cryptocurrency platform disguised as a legitimate site. This case highlights an insidious and increasingly prevalent type of fraud that is ravaging vulnerable populations across the United States. As pig butchering
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South Korea has emerged as a major hub for cryptocurrency adoption, with individuals and firms declaring foreign digital asset holdings of over $98 billion this year. This staggering figure signals the rising prominence of virtual currencies in Asia's fourth-largest economy. In a telling revelation, the National Tax Service
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A once-revered banker has admitted to orchestrating an elaborate cryptocurrency investment scam, defrauding investors out of over $1.5 million. Rashawn Russell, formerly of Deutsche Bank, pleaded guilty this week in a Brooklyn court in what authorities describe as a brazen fraud scheme. How could a man who had it
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A robust community is the backbone of any successful cryptocurrency project, according to experts. While the underlying technology matters, it is community engagement and trust that truly enables a cryptocurrency to thrive. But how can projects cultivate these close-knit communities? And what benefits do they provide? This article explores expert
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In an explosive revelation, former Financial Conduct Authority (FCA) chair Charles Randell has admitted that the UK watchdog faced "political pressure" to allow certain cryptocurrency firms to operate in the country - some of which are now under criminal investigation in the US. Randell, who stepped down from
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Elon Musk, the enigmatic CEO of Tesla and new owner of Twitter, has long been known for his ability to cause intense volatility in the price of bitcoin with just a few words or tweets. Now, after bitcoin's value crashed 70% from its all-time high over the past
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The embattled cryptocurrency custodian Prime Trust has revealed that more layoffs may be coming soon, delivering yet another blow to its beleaguered workforce. This news comes on the heels of the company's high-profile bankruptcy filing two months ago. How much longer can the Prime Trust ship stay afloat
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The clock is ticking as the Philippines Securities and Exchange Commission forges a game-changing partnership with the United States counterpart to finally crack down on the rampant crimes plaguing the island nation. But will this belated team-up be enough to curb the tide of scams threatening to drown Filipino investors?
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A seismic shift is happening behind closed doors in the world of traditional finance as major players tiptoe back into the and blockchain space. With the SEC set to make pivotal decisions on Bitcoin ETFs, fractionalized tokenization emerges as the next battleground for mass adoption. The crypto winter has thawed,
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The SEC is aggressively pursuing exchanges and DeFi projects for alleged securities violations, filing multiple high-profile lawsuits against major players like Coinbase and Binance. However, the scope of the crackdown may be constrained by the agency's limited resources relative to the vast and rapidly evolving crypto sector. What
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The cryptocurrency industry could soon breathe a sigh of relief, as the Federal Reserve is expected to signal an end to its series of aggressive interest rate hikes that have weighed heavily on digital asset prices over the past year. According to a report published Tuesday by Grayscale Investments, one
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The Federal Reserve is set to announce its latest interest rate decision on Wednesday, an event that while not likely to directly impact prices, could have ripple effects based on the central bank's economic outlook and future policy plans. This latest rate verdict comes amid crushing inflation and
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Stanford University announced it will return all donations received from the now bankrupt cryptocurrency exchange FTX, after allegations surfaced that millions of dollars were illegally funneled from FTX into the pockets of university faculty. The prestigious university received an undisclosed amount from FTX, its related entities, and the FTX Foundation
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Cosmos's ATOM token has seen a slight 1.06% price decline over the past 24 hours, with the price dropping from $7.38 to $7.30 as of September 20, 2023. Despite this minor setback, ATOM remains up 11.70% over the past week, showing strong momentum in