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Search Results for: crypto scam

ReiGroup – A KYC Assured Project, Will it Connect DeFi, NFTs, Real Estate?

The cryptocurrency industry contributed to technological development, but at the same time, it gave life to unsustainable and unreliable projects. Unfortunately, users often face scams and frauds in the crypto niche. To change the situation, ReiGroup combined DeFi, NFTs, Real Estate, and VaaS protocol, providing transparent and safe products. ReiGroup

June 13, 2022 1 min read

BAYC Co-founder Alerts Users About a Possible Upcoming Social Media Hack

Gorner repeatedly told the BAYC community that there would be no surprise mints. An attack on the Otherside’s Discord group resulted in the theft of over 145 ETH recently. There may be an assault, according to Gordon Goner, a co-founder of Yuga Labs and the Bored Ape Yacht Club (BAYC).

June 12, 2022 2 mins read

Hackers Siphon $5M Worth Tokens From Cosmos-based Osmosis

Developers have shut down the Osmosis blockchain to avoid additional harm. This flaw was regularly exploited, as shown by on-chain transactions. Decentralized trading platform Osmosis, created on CosmosSDK, was hacked, emptying its liquidity pools of $5 million. Developers have shut down the Osmosis blockchain to avoid additional harm. According to

June 8, 2022 1 min read

Report: Binance Halts EGLD Network Following $1.65M Loot

Binance has suspended all withdrawal and deposit functions of the Elrond (EGLD) network on its platform after a hacker attack. According to a report on CoinQuora, the perpetrator made away with $1.65 million worth of EGLD tokens. The declaration happened on the morning of January 8, 2022, through the exchange’s

June 8, 2022 2 mins read

Prominent South Korean Exchanges Delists Litecoin (LTC)

Major South Korean exchanges delist Litecoin (LTC). Major concern towards the privacy features of the new MWEB upgrade. South Korea is extremely stringent towards the safety protocols after the Terra LUNA tragedy. The delisting and ban of Litecoin (LTC) was indeed highly evident more than two weeks back. Ever since,

June 8, 2022 2 mins read

Dmitry Vasiliev Former CEO of Wex Exchange Detained in Croatia

The company went insolvent in 2018 and lost $400 million. In the last two years, the crypto entrepreneur was briefly detained in Italy. Jutarnji List reports that former Wex CEO Dmitry Vasiliev was arrested at Franjo Tudjman Airport in Croatian on Wednesday, May 25. According to the newspaper, Interpol issued

June 1, 2022 2 mins read

Proof of Work vs Proof of Stake

Proof of Work  Proof-of-work is the algorithm that uses to secure many cryptocurrencies, including Bitcoin and Ethereum. The concept was first proposed in 1993 as a way to combat spam emails, and it was named “proof-of-work” in 1997. Satoshi Nakamoto utilized it to secure the Bitcoin blockchain the technique was

May 28, 2022 7 mins read

AIBC Toronto Brings Together the Leading Minds of the Deep Tech World

Debuting for the first time in Toronto, AIBC Americas plans to unite the minds spearheading the future of emerging and disruptive industries taking the world by storm and giving them the platform to share their insights to a crowd of innovators and entrepreneurs.Breaking ground in tomorrow’s economy: Meet the speakers

May 26, 2022 9 mins read

US CRS Reports Improper Regulations on Stablecoins, Amidst UST Crash

The US CRS  puts out a report on the UST crash. Shows regulatory unfulfillment with stablecoins. New fork to be out by Terra LUNA. The downfall of Terra’s UST and LUNA ought to be the hottest topic for the year 2022, so far. Amidst such unimaginable fall, regardless of the

May 17, 2022 2 mins read

Hackers Post Fake Announcement Following OpenSea’s Discord Server Hack

OpenSea, a marketplace for non-fungible tokens (NFTs), was breached by hackers who made false announcements about a Youtube collaboration on the channel’s main Discord. Fear of Missing Out  A screenshot released on Friday shows fake news about a partnership with a phishing site. Additionally, Friday morning, OpenSea Support’s official Twitter

May 6, 2022 2 mins read