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Ex-Binance CEO Could Be Sentenced To 10 Years In Prison, According To DOJ


Source: GeekWire/ Taylor Soper Binance founder Changpeng Zhao (CZ) could be sentenced to up to ten years in prison following his exchange’s historic legal settlement last week, according to a new filing from the Department of Justice (DOJ). The Justice Department’s statement comes amid ongoing...

KyberSwap Retrieves $4.7 Million After Security Attack


Source: Pixabay The decentralized exchange protocol recovered the funds following a security attack last week. After the initial attack last week, KyberSwap said that it had lost a total of $47 million from its concentrating liquidity pools. Yesterday, a portion of the funds recovery...

Hong Kong Authorities Investigate $15.4 Million Scam on Hounax: Report


Source: Pixabay Police in Hong Kong have begun investigating the crypto trading platform after more than 130 people said they had been scammed. South China Morning Post reported on Saturday that Hong Kong authorities had vowed to make arrests soon in light of reports of over $15.4 million being...

Bankless Founders Vow to Separate Media Company from DAO Amid Controversy


Image Source: Pixabay In the midst of an ongoing controversy surrounding cryptocurrency media platform Bankless and its associated decentralized autonomous organization (DAO), the company’s founders have announced their intention to separate the brand from the DAO. Co-founders David Hoffman...

The Collision of AI and Crypto Attracts Scammers – What’s Going On?


Source: Adobe / ZayNyi As the crypto industry continues to evolve, a new wave of scams is emerging, blending the hype of artificial intelligence (AI) with crypto, Kathleen Breitman, co-founder of the Tezos blockchain, has warned. Writing in a commentary piece for Fortune on Sunday, warned of...

Crypto Scam-Kit Inferno Drainer Shuts Down Operations


Source: AdobeStock / Tomasz Bidermann Digital asset wallet-draining platform, Inferno Drainer has closed shop after helping bad actors drain millions from several cryptocurrency platforms. In a recent Telegram post, the firm announced an end to its operations citing a need to move on after helping...

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