An indictment that was submitted by the Southern District of New York (SDNY) said that the founder of FTX who was detained, Sam Bankman-Fried, made political donations using the names of other individuals. Sam Bankman-Fried, also known as SBF, was taken into custody on December 12 Â by the authorities in the Bahamas. He … Read more
The United States Commodities Futures Trading Commission has filed a lawsuit against the former CEO of FTX, Sam Bankman-Fried, as well as FTX and Alameda Research, alleging that they broke federal regulations governing commodities trading. According to Bloomberg (1), the regulator contends in its lawsuit with the Manhattan federal court that SBF and other FTX … Read more
As part of their investigation into Terraform Labs, the authorities in South Korea have placed a hold on about 104.4 million dollars belonging to the company’s co-founder Shin Hyun-Seong. Reports from local media outlets indicate that the Seoul Southern District Court has placed a temporary freeze on the funds that are suspected of having been … Read more
An FTX user found that his account, which utilized the 3Commas API, had traded the DMM: Governance token upwards of 5,000 times, resulting in the loss of approximately $1.6 million of assets. As a result, the leading provider of crypto trading bots, 3Commas, released a security warning in response to this discovery. How All This … Read more
According to Japan News, the hacker organization known as Lazarus operating out of North Korea, is suspected of launching repeated cyberattacks against Japanese cryptocurrency exchanges. The Japanese National Police and the agencies in charge of financial services have come together to release a joint statement with the goal of educating the general public on the … Read more
Cybercriminals are taking advantage of vulnerabilities in the smart contracts that govern decentralized finance (DeFi) platforms, according to a new warning that was issued by the Federal Bureau of Investigation (FBI) on Monday. The warning focused on attacks against decentralized finance (DeFi) platforms. According to the agency, which cites a report published in April 2022 … Read more
According to a statement released on August 29, the troubled cryptocurrency lender Hodlnaut has been placed under the supervision of interim judicial management (IJM). The notification states that the court has designated Ee Meng Yen Angela and Aaron Loh Cheng Lee, care of EY Corporate Advisors Pte. Ltd., as temporary managers for the firm based … Read more
Celsius, a defunct cryptocurrency lending company, based in New Jersey, has filed a countersuit against decentralized cryptocurrency lending platform KeyFi and the company’s CEO, Jason Stone. It asserts that KeyFi lost CEL, which was worth millions of dollars, due to negligence and dishonesty on the company’s part. The lawsuit filed by Celsius follows closely on … Read more
Tornado Cash, a cryptocurrency mixer, was hit with sanctions by the Treasury Department earlier this month for allegedly facilitating the laundering of over $7 billion worth of digital crypto assets that were stolen in virtual heists by hackers from North Korea. Following this, on August 10th, the Fiscal Information and Investigation Service (FIOD) made an … Read more
The Nomad Protocol is pleased to announce the launch of the Nomad Whitehat Prize. Hackers who were responsible for the theft of funds from the Nomad bridge earlier this month are being offered an incentive in the form of a Whitehat-inspired non-fungible token (NFT) to refund the money they stole. 1/ Our friends at @metagame … Read more