▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io I was contacted to hack a Trezor One hardware wallet and recover $2 million worth of cryptocurrency (in the form of THETA). ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
A summer move to eliminate bitcoin trading fees and the collapse of rival exchange FTX pushed even more investors to the Binance platform. Original
With the prolonged bear market in crypto ongoing, one will think most people should be losing money. While that is true, another thing also true is the increase in crimes in the bear market. On today’s news, the ex-chief financial officer has pleaded guilty in court for embezzling more than $5 million from multiple special purpose acquisition companies (SPACs) to trade meme stocks and cryptocurrencies. Going by the name Cooper Morgenthau, the former chief financial officer on Tuesday pleaded guilty to wire fraud charges in the U.S. District Judge Paul…
Coinbase has agreed to pay a $100 million settlement with the New York Department of Financial Services (NYDFS), according to a consent order signed by the NYDFS superintendent Adrienne Harris on Jan. 4, 2023. New York’s financial regulator said compliance problems were detected and the exchange’s anti-money laundering controls were inadequate from 2020 through 2021. New York Regulator Fines Coinbase $100 Million for Anti-Money Laundering Compliance Issues The crypto exchange and custodial firm Coinbase (Nasdaq: COIN) has agreed to a $100 million settlement with New York’s top financial regulator NYDFS…
Singapore-based decentralized finance (DeFi) services firm Cake DeFi has announced the release of its proof of reserves using the cryptographically audited Merkle tree method. Developed by Ralph Merkle in 1979, the Merkle tree method is a way of proving that a certain piece of data is included in a set of data, without revealing the entire set of data. Under the proof-of-reserves method, a Merkle tree is used to prove that a cryptocurrency exchange has the reserves it claims to have, without revealing the exact amounts of each cryptocurrency that…
Mainstream hype for the nonfungible token (NFT) market cooled down significantly in 2022, but that didn’t stop a host of popular and wealthy figures from stinking up the space with dreadful collections last year. In the 2022 edition of the worst influencer and celebrity NFT cash grabs, Cointelegraph takes a look at four projects seemingly designed to milk capital out of their fans pockets, while delivering very little. Tai Lopez — OG (Original Garage) Social Club First on the list is the oddball entrepreneur Tai Lopez, best known for his…
Officials may later seek to have Sam Bankman-Fried forfeit the assets, potentially including as much as $450 million in stocks, to avoid benefiting from crimes Source
The former FTX CEO faces a legal uphill battle after pleading not guilty to eight counts of criminal charges. Source
Who Are Sam Bankman-Fried's Politically-Connected 'Wealthy Co-Conspirators'? Source
In this week’s newsletter, read about how nonfungible tokens (NFTs) in the Magic Eden marketplace showed “unsavory images.” Read about Final Fantasy developer Square Enix’s aggressive investments in blockchain gaming and how play-to-earn (P2E) will transition from the growth phase to maturation. In other news, check out metaverse developments throughout 2022. And don’t forget this week’s Nifty News featuring Solana NFTs’ surge in trading volume. ‘WTH did I just witness?’ Magic Eden shows porn after hosting service hacked Solana-based NFT marketplace Magic Eden had recently assured its users that their…