The SEC has now stated that it would be pursuing charges against eight social media influencers in connection with a $100 million securities fraud scheme. Social media sites like Twitter and Discord were used in this plan by the defendants to affect publicly listed stock prices. Furthermore, the SEC has
VICTORIA, Seychelles–(BUSINESS WIRE)–Global leading audit firm Mazars has released a report about KuCoin’s Proof-of-Reserves to determine the total collateralization ratio of their asset holdings. The report prepared by Mazars concluded that KuCoin’s BTC, ETH, USDT and USDC reserves are overcollateralized, which are 101%, 100%, 102% and 101% respectively. Mazars verified
On December 10th, a flash loan attack was conducted using the Arbitrum-based Lodestar Finance lending protocol. An attacker, as reported by Lodestar, artificially inflated the value of the plvGLP token used on the PlutusDAO platform. And then used that token to drain the platform dry of all available liquidity. Lodestar
Do Kwon, the CEO of Terraform Labs, is still being sought around the world, and the South Korean government now thinks he may be in Serbia after departing Singapore in September. As per the report, South Korean police investigated a tip about Do Kwon’s whereabouts and were able to determine
Tomorrow Conference, the much-awaited international blockchain event, is a 3-day program that will occur from February 8 to 10, 2023. The conference will take place in Dubai, “the global hub” of cryptocurrencies, and the venue will be Festival Arena, Dubai Festival City. TheNewsCrypto, the Dubai-based online news publication, becomes the
The year 2022 will be remembered as one of the key and pivotal years in the development of the cryptocurrency market. This year has seen some of the biggest crashes, from the Terra LUNA crash to the most recent collapse of the FTX exchange, which was previously the third-largest cryptocurrency
Amber Group, a cryptocurrency trading business located in Singapore, is reportedly ending a $25 million sponsorship arrangement with the football team Chelsea FC as published by Bloomberg and cited by an anonymous source. To reduce its headcount to around 400, Amber Group, financed by Temasek and Sequoia Capital, is also
DappRadar, the world’s largest dapp store, has released its latest industry report, which demonstrates the blockchain industry’s fortitude in the face of recent setbacks like the FTX exchange’s closure and an increase in hacks, frauds, and vulnerabilities in the decentralized financial sector. Though one would expect consumers to flee in massive
On the whole, quite dangerous, and extremely volatile is the serious business of firms relating themselves with the crypto industry. Though being a good field of opportunity to make money on one side, it also persists as the best way to lose on the other side. Likewise, the Wemix gaming
According to the 10th Annual Experian® Data Breach Industry Forecast, threat vectors continue to expand forcing organizations to reinforce cyber resiliency COSTA MESA, Calif.–(BUSINESS WIRE)–As technology continues to evolve for business and personal use, cybercriminals are also leveraging innovation for attacks. Experian’s 10th annual Data Breach Industry Forecast includes six
