In a devastating turn of events, a 46-year-old housewife in Hong Kong has fallen victim to a fraudulent crypto investment platform, resulting in losses of 7.1 million Hong Kong dollars. The woman was lured into the scam by fraudsters who reached out to her via Instagram and convinced her to invest in cryptocurrencies through a
Crypto
Recent reports released by the United Nations (UN) Security Council paint a concerning picture of North Korea’s involvement in cyberattacks. The findings reveal that North Korea earns a significant portion of its foreign exchange through cybercrime, with a staggering 50% of its earnings attributed to cyberattacks. This revelation sheds light on the concerning trend of
In a bold move, the derivatives arm of Coinbase, the largest American cryptocurrency exchange, has announced its intention to launch futures trading contracts for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) by April 1, 2024. This decision, outlined in letters filed with the United States Commodity Futures Trading Commission (CFTC), marks a significant development
As inflation continues to plague Argentina, more and more citizens are turning to Bitcoin as a safe haven for their assets. Recent data has shown a significant increase in Bitcoin purchases in the country, with the number of weekly transactions reaching a high of 34,700 in the first week of March. This surge in interest
The rise of meme coins in the cryptocurrency market has been nothing short of meteoric in recent weeks. These assets, known for their volatile nature, have seen triple-digit price increases, attracting a wave of eager investors looking to capitalize on the trend. The popularity of meme coins on social media platforms like X (formerly known
The decentralized finance ecosystem within the XRP community has recently seen significant progress with the implementation of automated market maker (AMM) functionality on the XRP Ledger (XRPL). This advancement has opened up new opportunities for users to participate in liquidity pools and engage in token swapping activities. According to XRPScan, the introduction of AMM features
Super Sushi Samurai, a blockchain game set to launch on the layer-2 solution Blast, faced a major setback just hours before its release. The exploit, carried out by a white hat hacker, led to a loss of $4.6 million due to a bug in the smart contract code. The vulnerability allowed an unauthorized party to
After a long back-and-forth, the Terraform Labs co-founder, Do Kwon, may finally be handed over to South Korean authorities. The Appellate Court of Montenegro has confirmed the decision to extradite him back to his native country. This decision comes after Terraform Labs’ Chief Executive Officer, who was arrested alongside Kwon in Montenegro, was earlier supposed
Following a period of continuous local lows, Bitcoin experienced a significant reversal in its price trajectory after the latest FOMC meeting. The cryptocurrency surged by over seven thousand dollars at one point, bringing relief to investors who were concerned about the recent downward spiral. While Bitcoin made a notable recovery, several altcoins actually outperformed the
Recently, the official Twitter account of hardware wallet manufacturer Trezor was compromised, leading to a series of fraudulent messages being posted. The breach was likely orchestrated through a SIM swap attack, as suggested by ZachXBT, an anonymous on-chain sleuth who first raised the alarm. This incident highlights the vulnerability of even well-known companies to sophisticated