Tag: Issues

Is Your Crypto at Risk? FBI Issues Dire Warning Over ‘Phantom Hacker’

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As the crypto market continues to attract substantial investments, it has also witnessed a surge in scams and fraudulent activities. Regulatory institutions worldwide, spearheaded by the United States, seem to intensify their efforts to combat cyber threats, hacks, and frauds that affect the industry.  However, the nascent sector is far from the only one suffering from increasing cyber threats. Since 2020, these attacks have been common both within the crypto space and outside. In line with this, the Federal Bureau of Investigation (FBI) identified a new threat dubbed “The Phantom…

Taiwanese Regulator Issues Guidance for Crypto Firms as it Steps Up Oversight

Under the new guidance, crypto issuers would have to publish a white paper, and exchange platforms must set up a review mechanism for listing and delisting virtual assets. Among other requirements, the regulator said firms should also custody platform assets and customer assets separately. Overseas firms will have to register locally in accordance with company and anti-money laundering laws before serving customers. Source

Balancer confirms social engineering attack caused front end issues

The decentralized finance protocol Balancer suffered an exploit attack for nearly $900,000 in just a few days after a critical vulnerability was discovered. The Balancer team said a DNS attack was the source of an issue on its interface that was discovered on Sep. 20. Per reports, hackers stole $238,000 and users were advised to avoid interacting with the project’s website. The matter was previously under investigation, as crypto.news reported following an alert from Balancer. According to a later update, the protocol’s domains have now been secured by the Balance…

Judges weigh early release for Sam Bankman-Fried as lawyers push First Amendment issues: Report

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A three-judge panel from the United States Court of Appeals for the Second Circuit has reportedly taken arguments from lawyers representing former FTX CEO Sam Bankman-Fried (SBF) under advisement in considering releasing him from jail prior to his October trial.  SBF’s defense team and the U.S. Attorney’s office were each given roughly five minutes to argue before a panel of judges on Sept. 19. One of the judges reportedly claimed SBF’s legal team’s First Amendment argument “has no play anymore” based on Bankman-Fried’s alleged attempts to intimidate witnesses including Caroline Ellison, the…

Ethereum Holesky Testnet Already Seeing Issues, What’s Wrong This Time?

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In a rare lapse in technological expertise, the recently unveiled Ethereum testnet, Holesky, failed to launch after developers discovered flaws in the testnet’s design.  Ethereum Holesky Testnet Riddled With Misconfigurations The crypto community and Ethereum enthusiasts are presently waiting for the return of Ethereum’s Holesky testnet which was scheduled to launch on Friday, September 15.  The Holesky testnet which was created to replace Ethereum’s Goerli testnet after its deprecation in 2024 encountered an unexpected technical hiccup on the day of its release. The release date marked a significant date in…

ABN Amro issues €5M digital green bond through Polygon-powered Tokeny

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Dutch bank ABN Amro has carried out a digital green bond offering that made use of Polygon’s layer 2 Ethereum scaling technology to raise €5 million. The green bond was issued as a ERC3643 token through Tokeny, an infrastructure platform that uses Polygon to allow financial institutions issue and manage securities and financial instruments. ABN AMRO was able to secure €5 million in funding for real estate investor Vesteda. According to the bank, Vesteda intends to use the funding to refinance “green assets” as part of the company’s green finance…

Singapore Central Bank Issues 9-Year Ban to Three Arrows Capital Founders

The MAS has also banned them from managing, acting as a director, or even being a substantial shareholder of any capital market services business operating in Singapore. In the latest development, the central bank of Singapore has issued nine years of prohibitions to the founders of Three Arrows Capital Kyle Davies and Su Zhu over the alleged violations of the country’s securities laws. On Thursday, September 14, the Monetary Authority of Singapore (MAS) said in a statement that Davies and Zhu have been banned from regulated activities during the prohibition…

Grammy CEO clarifies AI Drake song ineligible for award over copyright issues

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The CEO of the Recording Academy that hosts the yearly Grammy Music Awards has cleared up misconceptions regarding the eligibility of an artificial intelligence (AI)-generated Drake song for award nomination.  On Sept. 8 Harvey Mason Jr. took to Instagram and released a video clearly stating that the track is “not eligible for Grammy consideration” and wanted to be extra clear that: “Even though it was written by a human creator, the vocals were not legally obtained, the vocals were not cleared by the label or the artist and the song…

Coinbase issues clarification after reports of it ceasing services in India

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Coinbase has issued a clarification after a circulating report suggested that it would soon halt all operations for its Indian customers. According to a Sept. 11 report from TechCrunch, Coinbase India users were reportedly warned via email that all services would be discontinued by Sept. 25, and were urged to to remove any funds that remained on the exchange. Coinbase said in an email that it would stop providing all trading services to users in India after September 25 and advised users to withdraw all funds in their accounts. Additionally,…

Binance CEO brushes off negativity, assures firm has ‘no liquidity issues’

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Binance co-founder and CEO Changpeng ‘CZ’ Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust, despite the recent market uncertainty. The Binance boss blamed negative news, rumors, bank runs, lawsuits, the closing of fiat channels, product wind-downs and employee turnovers for creating an environment of FUD (fear, uncertainty, doubt) in a Sept. 7 post on X (Twitter).  Saw some debates in the community. When you do the right thing, and there is FUD, you don’t have to do anything. The community…