Crypto scammers use black market identities for fraud – CertiK
Blockchain security company CertiK has discovered that crypto scammers have been able to hire people in the black market for the modest sum of $8 to mask their identities while they commit fraud. In a blog post published on November 17, CertiK analysts claimed that they had discovered over 20 underground marketplaces where people could […]
Co-founder of Terra denies earning $100 million in illicit profits
Ex-Terra CEO, Shin Hyun-seong, testified before the prosecution on November 17 denying that he sold tokens when LUNA was nearing its highs Earlier this week, it was announced that ex-Terra CEO Shin Hyun-seong, or Daniel Shin, had been compelled to appear before South Korean prosecutors for unfairly profiting from the sale of LUNA [now LUNC] […]
Genesis halts withdrawals amid digital currency crash
Genesis is the most recent digital currency loan program to declare bankruptcy after Celsius Network, Voyager Digital, and others did so in early 2022. Genesis Global Capital has banned withdrawals, confirming rumors that surfaced earlier this week. Genesis stated in a series of tweets that its lending business was disrupted but not its trading or […]
Bahamas regulator directs FTX to transfer crypto to govt wallets
The Securities Commission of the Bahamas said it ordered FTX to transfer all digital assets to a government-controlled wallet for safekeeping. In the exercise of its powers as regulator acting under the authority of an Order made by the Supreme Court of The Bahamas, the Securities Commission of The Bahamas (‘the Commission’) directed the transfer […]