Category: crypto

The Lazarus Group, linked to North Korea, is using a new social engineering tactic to breach crypto firms. They send cryptocurrency to targets to gain trust before deploying malicious code. This method aims to make attackers seem legitimate, increasing the likelihood of victims complying with their requests. Crypto firms must strengthen security measures to prevent…

Pi Network has warned users about fraudulent Pi tokens on decentralized exchanges, stating that unauthorized Pi trading pairs could be part of scams. They recommend avoiding these tokens to prevent financial losses. The network only approves trading on specific centralized exchanges. Reports of fake Pi tokens and a price drop have raised concerns.

Coinbase has reached an agreement with the SEC to dismiss its enforcement case, boosting Bitcoin’s value. CEO Brian Armstrong stated that the SEC overstepped its authority in trying to force delisting of assets. The resolution, with no fines or changes to operations, sets a precedent for future crypto regulation debates.

Former Safemoon CTO Thomas Smith pleaded guilty to charges related to a $200 million fraud scheme tied to the crypto project. He admitted to misleading investors about Safemoon’s liquidity and faces up to 25 years in prison. The SEC also charged Safemoon’s leadership team for fraud and money laundering. Safemoon is undergoing a restructuring and…

At Consensus Hong Kong, Jason Fang introduced the MicroStrategy 2.0 framework for Asia, leveraging structured products for Bitcoin yield. This initiative, supported by Sora Ventures, aims to make institutional-style Bitcoin treasury management accessible to a wider investor base. Metaplanet’s role in the framework highlights the potential impact of integrating structured yield products in treasury management.

Sunil Kavuri of the FTX Creditors’ group stated that the bankrupt crypto exchange is working on compensating creditors in countries like Russia, China, Egypt, Nigeria, and Ukraine. China has the largest share of claims. Smaller creditors have been reimbursed, but larger ones are expected to receive payments in the second quarter. Former CEO Sam Bankman-Fried…

Crypto bettors on Polymarket are betting on Kanye West, now known as Ye, launching a crypto token this month, with odds currently at 76%. Reports suggest Ye plans to introduce a YZY token for his Yeezy clothing line. West recently rejected a $2 million scam offer to endorse a fraudulent memecoin.

Nansen, a blockchain analytics platform, has been appointed as a TRON Super Representative, supporting TRON’s mission to decentralize the internet. Nansen will provide advanced analytics tools to offer insights into the TRON blockchain, enhancing transparency and governance. This collaboration aims to drive adoption of decentralized finance and Web3 technologies.

Cardano founder Charles Hoskinson discusses the need for quantum security measures in blockchain systems as quantum computing advances. He praises Microsoft’s Majorana 1 quantum chip and outlines Cardano’s plan to introduce a proof chain for enhanced security. Despite challenges, Cardano aims to transition to quantum-resistant alternatives in the long term.

Sam Bankman-Fried, founder of the collapsed FTX exchange, maintains his innocence, claiming political bias influenced his prosecution. He argues that FTX was never insolvent but experienced a liquidity crisis. Bankman-Fried suggests his legal troubles were politically motivated, pointing to ties to both the Democratic and Republican parties. He compares his case to that of President…