Day: July 8, 2023

Kraken co-founder’s home searched by FBI in March

Jesse Powell, founder and former CEO of crypto exchange Kraken, had his residence searched by the FBI earlier this year. The investigation was prompted by accusations that Powell engaged in cyber-stalking and hacking against Verge Center for the Arts, a nonprofit arts group that he also founded. According to sources familiar with the matter, the FBI, in collaboration with the U.S. Attorney’s Office for the Northern District of California, has been examining Powell’s activities since at least September of last year. In March, the FBI searched Powell’s home in Brentwood,…

ChatGPT picks Tradecurve, Aave, and Sui for investors to explore

Investors have a chance to increase their portfolios and earn profits through cryptocurrencies. However, with a vast selection of over 26,000 options, choosing which crypto to invest in can be challenging.  To assist with this decision, we have utilized ChatGPT, which has analyzed the market and suggested three tokens and projects in tradecurve (TCRV), aave (AAVE), and sui (SUI) that investors can consider. Aave leads the DeFi surge The decentralized finance (DeFi) sector is recovering and spearheaded by Aave, one of the oldest players.  Last week, AAVE prices surged by…

Gemini files lawsuit against DCG and Barry Silbert alleging fraudulent activities

Cryptocurrency exchange Gemini has filed a lawsuit in a New York court against DCG (Digital Currency Group) and Barry Silbert. Cameron Winklevoss, the co-founder of Gemini, alleged in a tweet published today, June 7, that Silbert played a central role in orchestrating fraudulent activities and actively took part in the fraudulent schemes perpetrated by DCG and Genesis against creditors. 1/ Today, @Gemini filed a lawsuit against @DCGco and @BarrySilbert personally in New York court. Barry was not only the architect and mastermind of the DCG and Genesis fraud against creditors,…

Over $765K worth of NFTs stolen after SIM swap attack on GutterCatGang

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More than $765,000 worth of nonfungible tokens has been stolen as part of a reported SIM swap attack on the GutterCatGang NFT project. The security breach was highlighted by several NFT community members at around 8 pm UTC on July 7, with GutterCatGang co-founder @GutterMitch tweeting out a warning that: “Our Twitter has been compromised please do not interact with any links.” Our Twitter has been compromised please do not interact with any links — Gutter Mitch (@GutterMitch) July 7, 2023 Alongside the official GutterCatGang account, co-founder @gutterric was also…

Circle freezes $63m in USDC in response to Multichain breach

Following the detection of a substantial token movement from Multichain’s bridging networks to an undisclosed address, the platform has temporarily suspended its services. On-chain investigators had previously speculated about a potential multimillion-dollar exploit as they observed cryptocurrency being withdrawn from Multichain‘s multi-party computation network. The reason remains unknown On Thursday, Multichain took to Twitter to announce that they are conducting an investigation into the incident and expressed uncertainty about the cause. They advised all users to cease utilizing Multichain services and revoke any contract approvals associated with the platform.  Formerly…