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South Korean Police Swoop on Suspected Crypto Scam, Arrest 25


South Korean police have shut down a firm at the center of a suspected crypto scam that allegedly duped 4,000 people out of their funds, arresting 25 people. Per Maeil Shinmun, the firm is thought to have amassed almost $14 million worth of fiat and crypto from its customers, with suspects detained...

Local US Bank Shut Down after CEO Lost Millions in Crypto Scam


Heartland Tri-State Bank, a community bank in Elkhart, Kansas, has been forced to shut down after its CEO, Shan Hanes, lost millions of dollars in a cryptocurrency scam.  The incident unfolded on July 5 when Hanes, desperate to retrieve his money from a supposed cryptocurrency investment...

Discord Crypto Trading Bot to Shut Down Due to ‘Critical Exploits’


None Trading, a trading tool catering to cryptocurrencies and non-fungible tokens on Discord will close its doors to customers. The company attributed this decision to a security exploit in an official statement posted on X (formerly Twitter) on September 20.  None Trading revealed that this...

Toyota Had To Shut Down 14 Factories After PCs Ran Out Of Hard Drive Space


In August, Toyota was forced to shut down over a dozen auto plants in Japan due to unspecified computer problems. Some theorized it was a cyberattack of some kind, but Toyota denied this and has now revealed what actually happened: Its computers ran out of disk space and everything broke. Read more

Solana-based Protocol Clockwork To Shut Down Despite $4 Million Seed Funding


Solana-based automation protocol Clockwork will be winding up its operations after its founder disclosed the company’s decision to step away from “active development of the protocol.”  Nick Garfield, the founder of the protocol announced on Aug 28 the plans of the company to shut its doors by...

Thailand Threatens Facebook With Shutdown Over Crypto Scams


The government in Bangkok will try to shut down Facebook in Thailand alleging the social media network isn’t doing enough to stop scams. Fraudsters have been luring users to invest in fake companies and cryptocurrencies, authorities said, and the number of complaints has been mounting. Meta...

Xbox 360 Store Shutting Down For Good In 2024


Xbox 360 Marketplace, the console’s online store, will cease operations on July 29, 2024. After that day, 360 owners will no longer be able to purchase new games or entertainment content for their consoles, and the Microsoft Movies and TV app will stop working, too.Read more

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