Search Results for: Hack

Crypto Exchange Bitmex’s Founders Plead Guilty to Bank Secrecy Act Violations

by

The founders of cryptocurrency derivatives exchange Bitmex, Arthur Hayes and Benjamin Delo, have pled guilty to violations of the U.S. Bank Secrecy Act. “As a result of its willful failure to implement AML and KYC programs, Bitmex was in effect a…

De-Mixing Wasabi Coinjoin Transactions: A Deep Dive Into Chainalysis’ Deanonymizing Claims

by

On Tuesday, journalist Laura Shin published a story that claims to identify the 2016 Genesis DAO hacker who siphoned 3.6 million ethereum from the decentralized autonomous organization. While the story surprised the crypto community, one of the biggest eye-openers was the…

Cardano Foundation Doubles Reward Offered to Hackers for Uncovering Bugs on Its Blockchain

by

The Cardano Foundation recently said it has doubled the payout offered to hackers and bounty hunters that identify bugs or vulnerabilities within the Cardano blockchain. The foundation said the six-week promotion, which runs until March 25, 2022, is part of an…

US Senate Banking Chief Criticizes Super Bowl Crypto Ads, Claims ‘Big Crypto Companies Are Desperate’

by

The United States senator from Ohio and Senate Banking Committee chief Sherrod Brown is not a fan of cryptocurrencies. This week during Tuesday’s stablecoin hearing, Brown criticized all the cryptocurrency companies who advertised during the Super Bowl this past weekend and…

Cryptsy CEO Indicted for Defrauding Crypto Investors, Destroying Evidence

by

The CEO of cryptocurrency exchange Cryptsy has been indicted in the U.S. The 17-count indictment charges the crypto exchange executive with “tax evasion, wire fraud, money laundering, computer fraud, tampering with records, documents, and other objects, and destruction of records in…

Billionaire Ray Dalio Sees Limitation on Bitcoin’s Price, Doubts BTC Can Reach $1 Million

by

Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, says it’s not possible for the price of bitcoin to reach a very high number, such as $1 million. He explained: “Logically … there’s a limitation on its…

Ascendex Hacked — Exchange Loses $77 Million in ERC20, BSC, Polygon Tokens

by

Ascendex, a cryptocurrency exchange, suffered a security breach that allowed hackers to take control of some of the wallets of the exchange. The attack focused on hot wallets, where funds are kept as a buffer to tend to customers’ withdrawals. The…

Prime Minister Modi’s Twitter Account Hacked — Tweets Bitcoin Legal Tender in India, Government Giving Away BTC

by

The Twitter account of Indian Prime Minister Narendra Modi was compromised and a tweet was posted claiming that the government of India has adopted bitcoin as legal tender and purchased 500 coins to distribute to all residents in the country. This…

British Security Think Tank’s Report Warns NFTs Could Bolster Money Laundering Schemes

by

The Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report determines that in order to mitigate the money laundering risks a…