The crypto investment scheme Fintoch claimed to be owned by Morgan Stanley has reportedly exit-scammed with $31.6 million in customer funds, adding more count to money lost in DeFi crimes.
Author: Atiq Ur Rehman
Atiq Ur Rehman
Atiq is a Electronics Engineer with a passion for writing about disruptive technologies, including blockchain. With a deep understanding of the technical aspects of emerging technologies and their potential to transform industries, this author brings a unique perspective to the world of cryptocurrency and blockchain.
Sam Bankman-Fried’s doomed crypto exchange FTX will likely be restarted as FTX 2.0 by its new management as the court documents confirm that an FTX reboot plan is underway by its current CEO John Ray III. The native utility token, FTT, surged more than 15% following the news.
The decentralized cryptocurrency mixer dApp, Tornado Cash, was hijacked in past Saturday, yet now the attacker who did it has submitted a proposal to undo the attack to give the protocol’s governance back to TORN holders. However, many in the community are skeptical about the attacker’s intentions.
The US Securities and Exchange Commission (SEC) has finally responded to the Coinbase rulemaking petition, rejecting the need for new crypto regulations saying that the digital asset industry already has rules and regulations governing it.
Changpeng Zhao (CZ), the CEO and co-founder of the world’s largest cryptocurrency company and exchange, Binance, is trying to reduce his stake in the US arm of the exchange in an effort to improve the company’s image in the eyes of regulators.
Ex-Coinbase executive Ishan Wahi will spend the next 24 months behind bars as a federal judge has sentenced him to two years in prison in a cryptocurrency insider trading case involving his brother and a friend.
The Crypto exchange and company, Bittrex, has finally filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware weeks after the US SEC charged it for operating an unregistered crypto trading platform.
The FUD grows as the world’s largest cryptocurrency exchange, Binance, halts Bitcoin (BTC) withdrawals for the second time in less than a day due to massive outflows from the exchange.
Smart contract auditor CertiK has claimed to have frozen $160K out of $1.8 million stolen in the zkSync-based Merlin DEX rug pull on April 25th.
Nathaniel Chastain, a former product manager at the world’s largest Non-fungible tokens (NFT) marketplace, OpenSea, has been convicted by a jury for NFT insider trading on the marketplace.