Singapore Investigates Crypto Lender Hodlnaut For Fraud
Hodlnaut reportedly lied about its exposure to the now-defunct Terra algorithmic stablecoin and lost nearly $190 million. A police investigation into potential cheating and fraud violations is apparently underway against Singapore-based cryptocurrency lender Hodlnaut. Several complaints made against the platform between August and November 2022 prompted the police’s commercial affairs department to launch an investigation […]
Polkadot Encourages Community To Fight Scams
Polkadot, a protocol that connects blockchains, has announced its latest initiative to help its ecosystem combat scams. A blockchain-connecting protocol called Polkadot has unveiled its most recent effort to support its ecosystem’s fight against fraud. The company claims that relying on security-conscious members of its community to combat scams has proven to be a successful […]
UAE Regulator Revokes FTX License
Dubai regulators noted that no clients were exposed, as FTX MENA was still in the preparation phase before getting fully approved to operate. The Dubai Virtual Assets Regulatory Authority (VARA) has suspended the license that permits FTX to make preparations to service the local market even though the crypto exchange fiasco continues to make waves […]
Binance Targets $1B Recovery Fund For Distressed Crypto Assets
Binance is targeting $1 billion or more for a previously announced recovery fund to buy distressed crypto assets. Binance plans to contribute $1 billion to a suggested industry recovery fund, and its CEO announced plans for a fresh offer for the assets of the defunct Voyager bitcoin loan company. In an interview with BloombergTV on […]
Metamask Infura To Start Tracking User IP Addresses
Infura RPC will start tracking the IP addresses and Ethereum wallet addresses of users who make transactions using Metamask. On Nov. 23, ConsenSys released an updated privacy policy agreement that said that starting with on-chain transactions, MetaMask would start logging users’ IP addresses and Ethereum wallet addresses. However, the wallet’s developer, ConsenSys, explains that using […]