Jury Finds Mango Markets Hacker Guilty of Fraud
The jury has found Avraham “Avi” Eisenberg guilty of fraud and market manipulation in the $117 million Mango Markets hack. A panel of jurors rendered their verdict on April 18 in the United States District Court for the Southern District of New York, finding Eisenberg guilty of wire fraud, commodities fraud, and commodities manipulation. Hours […]
SEAL Group Launches Crypto Threat-sharing Platform
A group of white hat hackers, the Security Alliance (SEAL), have introduced a threat-sharing platform to assist the cryptocurrency industry against hacks and scams. On April 17, the alliance unveiled SEAL-ISAC, a free Information Sharing and Analysis Center (ISAC) designed specifically for cryptocurrencies to safeguard against financial crimes and cyberattacks by providing security intelligence and […]
Korean Won Becomes Most Traded Fiat Currency Globally – Report
According to research firm Kaiko, South Korean Won is the most-traded fiat currency globally during the first quarter of 2024. Kaiko research reported on April 15 that the won constituted a trading volume exceeding $456 billion on centralized cryptocurrency exchanges, surpassing the volume of the U.S. dollar by $455 billion. Due to the “fee war” […]
Meta Announces Launch of VR Quest Devices For Education
Social media giant Meta announced on April 15 that it will supply enterprise-level Quest services dedicated to education. According to Statista, the Quest virtual reality (VR) headsets manufactured by the company have emerged as the preeminent extended reality (XR) headsets available in the market. By the conclusion of 2024, it is anticipated that the installed […]
Nirvana Finance Hacker Faces 3 Years Prison Sentence
Shakeeb Ahmed, a software engineer, has received a three-year prison term following his involvement in the Nirvana finance and the decentralized Crypto Exchanges flash loan attacks in 2022. According to a statement by U.S. Attorney Damian Williams, Ahmed’s conviction stands as the inaugural instance of compromising a smart contract. In addition to having $12.3 million […]