Decentralized finance trader Eisenberg had, “through fraud and deception,” taken and converted approximately $114 million from Mango Markets. He later returned $67 million but “retained” the remainder, the filing said. Mango Markets now wants the remaining $47 million back in damages. Source
A nonfungible token (NFT) collector is taking legal action against the OpenSea NFT marketplace for several allegations, including being locked out of his account for more than three months after being a victim of a phishing scam. OpenSea user Robbie Acres told Cointelegraph that after his NFTs were stolen through a phishing scam, he immediately reported it to the NFT marketplace. However, the NFT collector claims to have met a lot of difficulties. Acres explained that: “They took over 48 hours to respond, by which time the stolen assets had…
As a top-traded coin, over $31.43 million has been liquidated from the Aptos market in the past 24 hours. The Aptos (APT) blockchain, a new upgradable layer 1 Web3 infrastructure, has gained significant momentum in the past few weeks. The APT coin has gained 415 percent in the past 30 days to trade around $18.72 on Thursday. The Aptos blockchain – developed over the past three years by over 350 developers across the globe – has seen its fully diluted valuation scale to about $19,242,602,946. Fueled by its NFT market,…
Hammond, chair of custody company Copper, said the U.K. is falling behind neighboring countries and needs to accept “measured risk.” Source
Officially launched in June 2016, Deribit has grown exponentially to offer perpetual, futures, and options contracts on Bitcoin, Ethereum, and many other digital assets. Deribit, a cryptocurrency futures and options exchange based in Panama City, is planning to relocate its headquarters to Dubai, a more crypto-friendlier nation, in the coming quarters. According to a report by Bloomberg, Deribit intends to apply for a Full Market Product license to Dubai’s Virtual Assets Regulatory Authority once the agency gives an update on its regulatory protocols. As such, David Dohmen, chief legal compliance…
“The base amount [of the fine] has been increased due to the severity and degree of culpability of the non-compliance,” the Dutch central bank said, adding that it had also taken account of the scale of Coinbase’s Dutch customer base and the competitive advantage it had gained by not paying supervisory fees. Source
press release PRESS RELEASE. (London, United Kingdom) – The operator of cryptocurrency purchases on the e-commerce market, PAYB.IO improves and expands its international operations. Their innovative solution allows cryptocurrency holders from around the world to use a multi shopping cart to place orders in multiple online stores simultaneously, saving time and streamlining the shopping process. With PAYB.IO and its new multi-basket, users in one transaction can place an order in up to 10 different stores in various countries and pay for them all with just one cryptocurrency transaction. This eliminates…
Bitcoin (BTC) is seeing new records in network activity as volatility sends BTC price action to fresh five-month highs. Data from resources including MiningPoolStats confirms that Bitcoin’s hash rate hit new all-time highs on Jan. 26. Hash rate passes 300 EH/s threshold In another example of Bitcoin’s blitz recovery from the pits of post-FTX woes, network hashing power is now bigger than ever. Hash rate, which is an expression of the processing power dedicated to the network by miners, is currently at 321 exahashes-per-second (EH/s), according to MiningPoolStats raw data.…
The wallet linked to receiving money from the scam was hosted on the Binance exchange. According to a Binance Smart Chain scan shared by internet sleuth ZackXBT, the hackers were able to make off with 26.95 BNB tokens, which is about $8,200. A group of cybercriminals has hacked the Twitter account of the US-based stock brokerage Robinhood Markets Inc (NASDAQ: HOOD) to promote scam RBH tokens on the Binance Smart Chain through the PancakeSwap decentralized exchange. The hack attack was reported yesterday when many of the 1.1 million Robinhood account followers on Twitter…
De Nederlandsche Bank (DNB), the Dutch central Bank, fined cryptocurrency exchange Coinbase 3.3 million euros ($3.6 million), due to non-compliance with local regulations for financial service providers, according to a Reuters report on Jan 26. The exchange reportedly failed to obtain the necessary registration to offer services in the Netherlands prior to beginning operations in the country. The DNB said it took into consideration the size of Coinbase as a company and the fact that it has a “significant number of customers in the Netherlands.” The authorities claimed Coinbase was…