Tether Freezes All OFAC-sanctioned Wallets
Tether strengthens security and compliance efforts by announcing a policy to freeze wallets connected to OFAC’s SDN List. The business that created the well-known stablecoin, Tether, has declared a major change in strategy toward regulatory compliance and law enforcement agency cooperation. Tether announced its plan to voluntarily freeze wallets linked to people or organizations on […]
US, South Korea, Japan Collaborate to Tackle North Korea Cyberattacks
The US, Japan, and South Korea take strong steps to protect security interests by opposing North Korea’s use of cryptocurrency for money laundering. The US, South Korea, and Japan have launched ground-breaking plans to combat cyber threats, cryptocurrency abuse, and space launches as a united front against North Korea’s increasing threats. Concurrently, the joint endeavors, […]
ECB Gets New Powers From EU Over Climate, Crypto Bank Risks
The European Union is strengthening the role of the European Central Bank in supervising digital assets and climate risks inside the banking industry. This action is a result of the banking industry’s exposure to a wider range of risks, particularly those related to climate change and the developing field of digital assets. The ECB’s duties […]
Smart Contract Exploit Leads to $188k Loss in TIME Token
According to CertiK, a recent exploit of the TIME token resulted in a potential loss of approximately $188,000. The exploiter started the attack by exchanging 5 ETH for Wrapped Ether (WETH) and trading it for more than 3.4 billion TIME tokens. The modification of the Forwarder contract, which is intended to carry out transactions from […]
SEC Veteran Foresees Binance’s DOJ Plea Deal Falling Apart
John Reed Stark, a former SEC official, predicts that Binance’s plea deal with the DOJ will collapse due to the unprecedented oversight and compliance requirements imposed by the U.S. authorities. He shared a compelling perspective on the fate of Binance’s plea deal with the Department of Justice (DOJ), predicting its inevitable collapse. Stark highlighted the […]