South Korean Police Arrest Two Crypto Scammers
South Korean Police have apprehended two crypto scammers who deceived an elderly person out of 5.5 billion won ($4.1 million) by promising lucrative cryptocurrency investments of 1 billion South Korean won within a month. Two individuals, aged 20 and 30, were apprehended by the Haeundae Police Station in Busan, South Korea, on suspicion of deceiving […]
Philippines Regulators to Ban Binance Crypto Exchange
Philippines financial regulator is set to ban Binance, the largest cryptocurrency exchange in the world, citing concerns over the company’s unlicensed operations in the country with the ban taking effect within three months. SEC documents dated March 25 indicate that the nation’s Securities and Exchange Commission (SEC) disclosed receiving support from the National Telecommunication Commission […]
DED Memecoin Airdrop Allocation Causes Community Outrage
Following a reduction in the initial airdrop allocation, the Polkadot-based memecoin DOT is $DED (DED) has generated widespread community disapproval. To provide the memecoin with an extended financial runway, the initial airdrop allocation was reduced from 100% of the token supply to 5% of the supply, according to a March 24 X Spaces: discussion by […]
ParaSwap Returns Crypto After Smart Contract Exploit
Decentralized finance (DeFi) aggregator ParaSwap initiated cryptocurrency returns to users one week after patching a critical flaw in its AugustusV6 smart contract introduced just last week. On March 24, the DeFi platform’s team issued a statement on X confirming that all assets have been returned to wallets that white hat hackers retrieved. Additionally, the statement […]
NFT ‘Selfie Guy’ Amasses $1.8M in Memecoin Presale
An Indonesian college student who in 2022 amassed $1 million selling nonfungible tokens (NFTs) selfies raised an additional $1.8 million in a recent memecoin presale. Sultan Gustaf Al Ghozali issued NFTs in January 2022 imprinted with photographs of himself he had taken daily for five years. “Ghozali Everyday,” a compilation garnered backing from cryptocurrency community […]