Bybit Reveals Over $940m in Abnormal withdrawals During H1 2024
Bybit reported about $1 billion in questionable withdrawal requests during the first half of 2024, demonstrating that fraudsters are still targeting crypto exchanges. With Bybit reporting around $1 billion in suspicious withdrawals during the first half of 2024, scammers appear to be stepping up their efforts to swindle cryptocurrency exchanges. Using artificial intelligence technology to […]
DWF Labs Partners with Grafun to Boost Memecoin Ecosystem
A strategic alliance has been established between DWF Labs, a Web3 investment business and market maker, and GraFun, a memecoin launchpad. According to a press statement from DWF, the cooperation intends to improve liquidity for tokens introduced by GraFun, which runs on the BNB Chain, encouraging more reliable and transparent trade of memecoins. Memecoins are […]
Sky Expands Multichain Tokens Using Wormhole Framework
Sky is enhancing its multichain capabilities by utilizing Wormhole’s Native Token Transfer (NTT) framework. The native token transfer (NTT) system developed by Wormhole facilitates smooth cross-blockchain transfers of native tokens without modifying their inherent characteristics. NTT has also been adopted by other protocols such as Lido, Jito, and ether.fi for multichain token transfers. Sky will […]
Brazil Police Bust $9.7b Crypto Laundering Scheme
In a massive financial crime investigation, Brazilian authorities found a $9.7 billion cryptocurrency laundering network and arrested several people. Authorities in Brazil have taken decisive action against a cryptocurrency-based, multi-billion dollar money laundering network operating in several cities, including São Paulo, Fortaleza, and Brasília. Blockchain forensic company TRM Labs revealed in a blog post on […]
WisdomTree Launches Platform for Real-World Tokenized Assets
WisdomTree has launched a new platform called WisdomTree Connect to give customers access to tokenized real-world assets. According to a news release from WisdomTree, the platform seeks to increase the accessibility of tokenized assets for institutional and commercial users, enabling them to link traditional financial products with DeFi systems . The act of converting conventional […]