Man Sentenced to 8 Years in Prison for Stealing Nearly $7 Million of Crypto in Israel

Afek Zard, a resident of Israel, has been sentenced to eight years in prison for embezzling a large sum of cryptocurrency that belonged to a friend of his. The man, who refused to cooperate with the investigation, will have to pay a hefty fine as well. Israeli Resident Sentenced for Cryptocurrency Theft The 27-year-old Zard … Read more

Chinese Report Finds 9 in 10 Altcoins to Have Stolen 80% of Their Code

A report published by Chinese media has alleged that more than 80% of alternative cryptocurrencies are comprised of “plagiarizing code.” The report analyzed 488 different cryptocurrencies, finding that the code underpinning more than 90% of the projects shared a similarity score of at least 80%. Also Read: IMF Pressures Marshall Islands to Drop National Crypto 4 … Read more