President-elect Donald Trump's appointment of former PayPal executive David Sacks to serve as the inaugural White House czar for artificial intelligence and cryptocurrency is already raising significant concerns about potential conflicts of interest and market favoritism.
This week, Solana npm package attack, a Brazilian banking giant entered crypto trading and a Nebraska man pleaded guilty to cryptojacking. Australia tightened rules for crypto businesses and crypto losses dropped in 2024 and DMM Bitcoin will cease operations.
President-elect Donald Trump's strong cryptocurrency support amid market volatility is raising concerns over potential conflicts of interest, with experts warning his agenda - including potential plans to appoint a White House crypto czar - could destabilize the economy and undermine public trust.
This week's cryptohack roundup includes a U.S. federal judge striking down the SEC's expanded "Dealer Rule," a Python crypto library update stealing credentials, why digital payment apps are being excluded from some types of federal oversight, and drug cartels laundering profits via Tether.
A U.S. federal appeals court ruled U.S. Department of Treasury exceeded its authority by sanctioning Tornado Cash, a cryptocurrency mixing service used by North Korean hackers to launder more than $455 million. Smart contracts "are not capable of being owned," the court ruled.
This week, sentences in FTX, Bitfinex and Helix cases, a $25.5M Thala hack, the WazirX hack and South Korea probed UpBit. U.S. lawmakers want a crackdown on Tornado. U.S. Prosecutors may scale back crypto cases. BIT Mining fined $10M and the Chinese Communist Party expelled a key blockchain figure
A U.S. federal judge sentenced crypto hacker Ilya "Dutch" Lichtenstein to five years in prison for his involvement in the $3.6 billion Bitfinex hack and subsequent money laundering. The 35-year-old and his wife Heather Morgan pleaded guilty last year to one count of conspiracy to commit money laundering
This week, FTX sued to recover money, FTX's Caroline Ellison began her prison sentence, South Korea arrested hundreds in $232M scam, a guilty plea in a $73M pig-butchering case, BlueNoroff launched a new attack campaign, GodFather malware and WonderFi CEO kidnapped and released after ransom payment.
This week, Metawin hacks, LottieFiles attack, hackers used Ethereum smart contracts to target npm developers, Craig Wright faced contempt of court, Alameda sued KuCoin, Binance sought dismissal of a U.S. Securities and Exchange lawsuit, and Immutable received a Wells Notice.
This week, a Truth Terminal founder hack, U.S. recovered stolen crypto, TeamTNT resurfaced, former FTX exec Nishad Singh avoided prison, a possible SEC's X account hacker plea deal, Tether reported to be under investigation, trends in digital assets enforcement and pending Dutch crypto legislation.
Every week, ISMG rounds up cybersecurity incidents in digital assets. This week, the Nigerian government dropped charges on Binance executive Tigran Gambaryan, an Indian hacker faces five years in prison for stealing $20 million, a $4.5M Tapioca DAO exploit, Transak data breach.
Is Peter Todd truly Satoshi Nakamoto, or just the next name in a long list of conspiracy theories that are eventually debunked? The HBO documentary's claim is far from conclusive, despite an eyebrow-raising moment in the film, where Todd admits to being Nakamoto on camera, seemingly tongue in cheek.
This week, an arrest in the U.S. SEC X account hack, a Radiant Capital hack, market manipulation charges on 18 entities, Bitfinex update, Forcount promoter sentenced, Mt. Gox pushed repayment, an alleged fraudster fled, SEC charged Cumberland and TD Bank pleased guilty to BSA violations.
This week, Australia seized crypto from alleged Ghost mastermind, Taiwan drafts new AML rules, IcomTech founder sentenced, U.S. looks to recover stolen crypto, EigenLayer's erroneous fund transfer, FTX's bankruptcy plan approved, Bitfinex hack update and regulatory push for a lawsuit against Nvidia.
Russia’s primary federal investigative agency announced a rare and sweeping investigation into the United States-sanctioned cryptocurrency exchange Cryptex and other platforms used to carry out illegal transactions and launder millions from ransomware groups.
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