In a groundbreaking case that sheds light on the vulnerabilities inherent in the decentralized finance (DeFi) space, Canadian Andean Medjedovic, aged 22, has been charged with executing a sophisticated scheme to defraud two DeFi protocols: Indexed Finance and KyberSwap. The U.S. Department of Justice (DOJ) officially unveiled the charges on February 3 by releasing a
Crypto
Despite entering its sixth year with an ever-growing user base, Pi Network continues to attract both interest and skepticism within the cryptocurrency landscape. With over 100 million downloads and significant community engagement, particularly in Asia, this project is making bold claims while still navigating the complexities of its operational landscape. Users are still anxiously awaiting
Bitcoin’s recent trajectory has resembled a high-adrenaline amusement park ride, characterized by sudden climbs and sharp descents. On Monday, the flagship cryptocurrency faced a staggering plunge, with its value sinking by $10,000 before making a partial recovery. This volatile pattern was mirrored across the altcoin market, where many assets also experienced comparable fluctuations. Despite these
In an effort to navigate a significant debt crisis estimated at nearly $200 million, THORChain has enacted critical changes to its governance framework, marking a pivotal point in its operational strategy. The decentralized cross-chain liquidity protocol recently passed Proposal 6, which aims to address the adverse financial situation caused by increased debt load associated with
In a bold declaration, Elon Musk, who heads President Donald Trump’s Department of Government Efficiency (D.O.G.E.), has directed serious accusations at the U.S. Treasury, claiming it is facilitating fraudulent payments. His statements, which erupted on February 2 via X, accused career officials of engaging in illegal activities, specifically approving unauthorized payments that may enrich dubious
The cryptocurrency markets are known for their volatility, and recent events have underscored this reality, particularly for Ripple (XRP). On February 3, XRP saw a significant price drop, plummeting from a high of $2.40 to a troubling low of $2.00. This represented a stark daily decline of 15%, causing ripples of concern among investors. For
In the digital age, financial markets are often influenced by political decisions, and the recent tariff policies initiated by President Donald Trump seem to bear significant implications for the cryptocurrency sector, particularly Bitcoin. Jeff Park, Head of Strategy at Bitwise, posits that the introduction of these tariffs could serve as a formidable catalyst for Bitcoin’s
The cryptocurrency landscape has shown significant volatility recently, with meme coins facing particularly severe downturns. As of February 3, several prominent figureheads in the meme coin arena, including Shiba Inu (SHIB), Bonk Inu (BONK), and others like Floki (FLOKI) and dogwifhat (WIF), have experienced alarming price drops. The total market capitalization of the meme coin
The recent sentencing of Antonia Perez Hernandez by a New York court sheds light on the growing issue of cryptocurrency-related fraud and the personal stories behind the crimes that devastate lives. Hernandez, a Prominent figure in the Forcount Ponzi scheme, received a 30-month prison sentence after pleading guilty to conspiracy to commit wire fraud. This
The opening days of this week have been marked by significant turmoil in the financial markets. Major stock indexes and digital assets experienced pronounced declines, largely influenced by the introduction of DeepSeek’s new artificial intelligence model. This event, which sparked a wave of selling, has provoked an unpredictable series of investments and market reactions. While