Senate democrats from the US Senate have interrogated Mark Zuckerberg, the CEO of Meta, on the business’s policies for handling crypto scams. U.S. Senators On Crypto Scams U.S. Senators including Sherrod Brown, Dianne Feinstein, Elizabeth Warren, Bernie Sanders, Robert Menendez, and Cory Booker reportedly called for Mark Zuckerberg, the CEO …
Read More »FBI Asks For Bitcoin Wallet Information Of Ransomware Attackers
Three federal agencies in the United States, viz., the Federal Bureau of Investigation (FBI), the Cybersecurity and Infrastructure Security Agency, and the Multi-State Information Sharing and Analysis Center have jointly issued an advisory asking for the Bitcoin wallet information of the ransomware attackers to curb the growing ransomware attacks. The …
Read More »South Korea’s First Arrests In A Crypto Crime Case
South Korean prosecutors recently made their first arrests in the country concerning a crypto crime case that focuses on illegal crypto-related activities that might have wiped off billions. The accused party was suspected of carrying out illegal foreign-exchange transactions worth $3.4 billion. South Korean Crypto Crime Case Overview Three people …
Read More »Kazakhstan Crypto Mining Hotel Probed Due To Ponzi Scheme
A Kazakhstan crypto mining hotel has faced a probe recently as it is suspected of being involved in Ponzi scheme activities. It is considered as one of the serious crypto-related crimes that any organization may choose to undertake. This is why the nation’s authorities decided to investigate the matter to …
Read More »Brazilian Prosecutors Probe A Amazon Forest NFT Selling Company
Nemus, a Brazillian company that sells non-fungible tokens (NFTs) says that these are linked to the physical land in the nation’s Amazon rainforests. While the connection of the actual land with Amazon Forest NFT seems interesting there is a loophole in it. Brazilian prosecutors recently asked the company to prove …
Read More »U.S. Fed Stops Crypto Lender Voyager From Misleading Customers
The U.S. Federal Reserve and Federal Deposit Insurance Corporation (FDIC) recently ordered crypto lender Voyager Digital to stop spreading misinformation about it being insured by the government among its customers. The regulatory bodies clearly confirmed that there was no government accountability involved if crypto lender Voyager’s customer funds were at …
Read More »Man Loses $1.2 Million In Silicon Valley Crypto Scam
A man based in the Bay Area, California, lost about $1.2 million in a Silicon Valley crypto scam that was targeted at many other investors in the region. Federal investigators noted that such fraud cases are known as “pig butchering,” which are growing at an increasing rate across California. Most …
Read More »U.S. Records The First Insider Crypto Trading Case
The U.S. Federal authorities have charged an ex-Coinbase product manager, his brother, and a Houston man in an insider crypto trading case. The most notable fact here was that this was regarded as the first insider trading case that the U.S. government recorded. Since insider cryptocurrency trading is a serious …
Read More »Know The Reasons For Over $1Bn Crypto Scam Losses
The crypto domain has stretched far in an extremely unprecedented manner over the last few years. However, the growing popularity has also led to increasing frauds and scams in the sector. According to a Federal Trade Commission (FTC) report released on June 3, 2022, the crypto scam losses amount to …
Read More »Man Loses 5Cr In The Latest Crypto Wallet Theft
A cryptocurrency trader lost $650,000 (roughly Rs 5 crore) in digital currency after the crypto wallet was completely wiped out in just a few seconds. This is not the first case this month. There have been several cases of crypto wallet theft. Crypto Wallet Theft: How It Happened? Domenic Iacovone …
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