Ex-Security Engineer Sentenced to 3 Years For $12M Crypto Hack
A former security engineer, Shakeeb Ahmed, has been jailed for three years for his role in stealing $12 million from two crypto exchanges. Shakeeb Ahmed, a former security engineer, was sentenced to three years in prison for his involvement in misappropriating more than $12 million from two cryptocurrency exchanges. A federal judge administered the sentence and additionally […]
Australian Court Seizes $41M in Crypto From NGS Group
An Australian Federal Court has ordered the seizure of approximately US$41 million in digital assets from the NGS group of mining companies. An Australian Federal Court issued a seizure order for digital assets amounting to around US$41 million against the NGS group of blockchain mining enterprises. This decision is the outcome of ongoing civil proceedings instigated by […]
Garlinghouse And Hoskinson Aid Deaton’s Senate Fundraising
The race on who gets to represent Massachusetts at Capitol Hill is kicking off to a competitive start as crypto leaders back John Deaton. Ahead of the contest for who will represent Massachusetts on Capitol Hill, prominent cryptocurrency figures have placed their wagers on pro-XRP attorney John Deaton. This support is demonstrated by incumbent Senator […]
Voyager Secures $484M For Creditor Repayment
To repay creditors, Voyager Digital secures $484 million from FTX, 3AC, and D&O, addressing operational and financial challenges. Voyager Digital has disclosed significant advancements in its endeavors to remunerate creditors after its bankruptcy. Settlements with FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) insurance claims have yielded $484.35 million for the organization. This […]
BIS Advocates Urgent Global Stablecoin Regulation
BIS calls for immediate global regulation of stablecoins due to fragmented laws, echoing Senator Warren’s financial security concerns. The Bank for International Settlements (BIS) recently emphasized the need for stablecoins to be regulated globally. BIS determined in an examination of eleven jurisdictions that regulatory fragmentation is a substantial barrier to the implementation of stablecoins. The […]