The cryptocurrency industry has become increasingly vulnerable to cyber criminals, and the recent attack by the Angel Drainer phishing group is a testament to this alarming trend. This article will delve into the details of their latest attack, highlighting their modus operandi, the extent of the damage they have caused, and the implications for cybersecurity
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In a recent turn of events, a suspected scam coin operator was arrested in Gimpo, Gyeonggi Province, South Korea. This arrest seems to be related to the ongoing controversy surrounding the blockchain firm Winnerz. This article will delve into the details of the case and shed light on the fraudulent activities that have taken place
Bitcoin, the leading cryptocurrency in the market, has once again come under scrutiny from the United States Securities and Exchange Commission (SEC) Chair Gary Gensler. Despite the recent approval of 11 Spot Bitcoin Exchange-Traded Funds (ETFs) by the agency, Gensler has remained critical of Bitcoin and the broader cryptocurrency industry as a whole. In a
In the ever-evolving world of cryptocurrency, security is a paramount concern for investors and users alike. Fordefi, a leading crypto wallet provider, has recently made significant strides in enhancing the security of centralized exchange customers through its innovative approach to custody solutions. With the successful completion of a $10 million funding round, Fordefi aims to
The Isle of Man has recently launched a public consultation on potential regulations for crypto assets, with the aim of safeguarding investors in the jurisdiction. Recognizing the importance of aligning its laws with global standards, the self-governing British Crown dependency seeks to explore various models to expand its existing framework for regulating virtual assets. This
Coinbase, a prominent cryptocurrency exchange, has launched a new television advertisement that humorously mocks traditional fiat currency in the United States, specifically the penny. The ad highlights the need for a digital upgrade to replace outdated physical currency and has garnered attention from the crypto community. This article analyzes the ad and explores the necessity
New data from a recent JP Morgan survey reveals that institutional traders around the world are still hesitant to expose their holdings to digital assets. While there has been a slight growth in the number of pro-crypto firms, the majority of participants, accounting for 78% of traders, have no immediate plans to trade cryptocurrencies. This
South Korean prosecutors have hit a roadblock in their attempts to shut down kimchi premium crypto traders, with 14 suspects being cleared of any wrongdoing. The officials had accused 16 individuals of illegally remitting $3.2 billion worth of assets, including cryptocurrency, fiat currency, and goods. However, the Seoul Central District Court acquitted 14 of the
In a recent development, a former official from the Securities and Exchange Commission (SEC), John Reed Stark, has criticized the NBA’s decision to approve a partnership between cryptocurrency exchange Voyager Digital and the Dallas Mavericks. Stark argues that the NBA should be held accountable for any misconduct related to cryptocurrencies by NBA teams. This allegation
Hong Kong’s Securities and Futures Commission (SFC) recently issued a warning to the public about an allegedly fraudulent crypto exchange. The organization, operating under the name MEXC, posed as a legitimate crypto exchange and targeted victims through social media and instant messaging chat groups. This article critically examines the details of this warning and highlights