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South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency mining business. The scam resulted in individual losses ranging from 1.2 million … Read more
ZKasino denied it tried to make off with $33 million of investor funds in April and has now opened up a short refund window. Go to Source
On Monday, an attacker minted $200 million worth of GALA tokens but managed to sell only a portion of them. It’s just been returned. Go to Source
The 6,021 wstETH recently moved back equates to around two-thirds of the amount that went missing in the exit scam. Go to Source
The bounty, which was offered via an on-chain message was approximately $97,000 or approximately 6% of the exploit amount. Go to Source Powered by WPeMatico
A new decentralized exchange (dex) on Arbitrum, called Vest Exchange, was announced this past weekend, and the team that created the project said the platform aims to focus on democratizing perpetual futures. The team behind Vest further detailed that the new Arbitrum dex is backed by firms such as Jane Street, QCP Capital, and Big … Read more
A government body responsible for state property in Iran has released some of the hardware seized from illegal crypto mining farms. Its top executive explained the agency was obliged to do that by courts in the Islamic Republic, where unlicensed miners have been blamed for power shortages. Authorities in Iran Give Confiscated Mining Rigs Back … Read more
The complexities that come with digital assets, cross-border insolvency and competing jurisdictions could add years to the timeline. Go to Source Powered by WPeMatico
It would appear that the ICO industry has ground to a complete halt. Instead, the IEO business model now takes center stage, albeit the returns aren’t always guaranteed. Most people who invest in an IEO do so for the potentially high returns. Not Every IEO Guarantees Returns After all, it is an easy and quick … Read more
Closely following market movements and price fluctuations is something every trader and investor in the crypto space must do in order to take advantage of opportunities and avoid losses. Cryptonaut is a portfolio management app that allows you to track your holdings in multiple cryptocurrencies. Also read: New Crypto-Friendly Banking and Payment Services Launch in … Read more
