cryptocurrency

Terraform Labs co-founder Do Kwon will face fraud charges in the U.S.

Cypto /

Do Kwon, the co-founder of collapsed cryptocurrency startup Terraform Labs, will be extradited from Montenegro to the U.S. to face federal fraud charges, as first reported by Bloomberg. Kwon faces charges in both the U.S. and South Korea; Terraform Labs’ TerraUSD and Luna cryptocurrencies crashed in 2022, causing investors to lose over $40 billion. Terraform […]

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North Korean hackers have stolen billions in crypto by posing as VCs, recruiters and IT workers

Security /

A venture capitalist, a recruiter from a big company, and a newly hired remote IT worker might not seem to have much in common, but all have been caught as imposters secretly working for the North Korean regime, according to security researchers.  On Friday at Cyberwarcon, an annual conference in Washington DC focused on disruptive

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New UK crypto regulations will include stablecoins and staking services

Fintech /

The U.K. is set to create an all-encompassing regulatory framework to govern the crypto sector in early 2025. Speaking on Thursday at the Tokenisation Summit in London, economic secretary to the treasury Tulip Siddiq confirmed that the new rules would include cryptocurrency and stablecoins, which are pegged against a more stable asset such as a

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US charges five accused of multi-year hacking spree targeting tech and crypto giants

Security /

The U.S. government announced charges against five individuals accused of carrying out a multi-year hacking spree targeting tech giants and cryptocurrency owners, which security researchers dubbed 0ktapus. On Wednesday, the U.S. Department of Justice published a press release announcing the charges against the five alleged hackers: Ahmed Hossam Eldin Elbadawy, 23, of College Station, Texas;

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2024 looks set to be another record-breaking year for ransomware — and it’s likely going to get worse

Security /

The ransomware industry is thriving, not losing.  Despite various law enforcement wins against ransomware actors, like the sweeping takedown of LockBit and the seizure of Radar, hackers continue to reap the rewards of these data-theft attacks — and 2024 looks set to be their most profitable year to date. That’s according to Allan Liska, a

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Binance founder ‘CZ’ released from custody after four-month sentence

Cypto /

Binance founder Changpeng “CZ” Zhao was released from US custody on Friday after serving out his four-month sentence in a low-security correctional facility. CZ’s sentence was the product of a federal investigation that found Binance had failed to stop widespread criminal activity on the world’s largest cryptocurrency exchange. CZ pleaded guilty to the DOJ’s charges,

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Bitcoin and NFTs may get greater legal protections as ‘personal property’ under proposed UK law

Cypto /

The U.K. government has introduced a new bill to Parliament that proposes new legal protections for digital assets such as cryptocurrency, non-fungible tokens (NFTs), and carbon credits. The bill comes as the crypto sector contends with a range of regulatory headwinds: In the U.S., the Securities and Exchange Commission (SEC) has ruled that certain crypto

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North Korean hackers exploited Chrome zero-day to steal crypto

Security /

A North Korean hacking group earlier in August exploited a previously unknown bug in Chrome to target organizations with the goal of stealing cryptocurrency, according to Microsoft. In a report published on Friday, the tech giant’s cybersecurity researchers said they first saw evidence of the hackers’ activities on August 19, and said the hackers were

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Former a16z VC Balaji Srinivasan obtained a private island for his new longevity ‘technocapitalist’ school

Cypto /

Depending on your thoughts on the intersection of crypto and Silicon Valley’s libertarians, this is either a dream idea or an odd one: former a16z-investor Balaji Srinivasan has booked out an island in Singapore to create his own “Network School.” This is where he’ll run programs on crypto, longevity and what it takes to establish “a technocapitalist

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WazirX to ‘socialize’ $230 million security breach loss among customers

Cypto /

Indian cryptocurrency exchange WazirX announced on Saturday a controversial plan to “socialize” the $230 million loss from its recent security breach among all its customers, a move that has sent shockwaves through the local crypto community. The Mumbai-based firm, which suspended all trading activities on its platform last week following the cyber attack that compromised

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