What Caused Ripple’s $15M Crypto Hack at Fortress Trust?
Fortress Trust had $15 million stolen from it as a consequence of the Google Authenticator breach, which was disclosed by Retool recently. Retool has disclosed vital details regarding a recent malware incident that compromised 27 cryptocurrency accounts. In this incident, a staggering $15 million worth of cryptocurrency was stolen from Fortress Trust after an attacker […]
Kazakhstan Forms Regulatory Agency For CBDC Implementation
The National Bank of Kazakhstan (NBK) has established a separate entity to lead the implementation of the country’s CBDC, the digital tenge. The National Bank of Kazakhstan (NBK) has created a separate organization to oversee establishing and implementing the digital tenge, the country’s central bank digital currency (CBDC). The National Payment Corporation (NPC) is a […]
South Korea Targets OTC Crypto Regulations
According to a report by the Korean Customs Service, illegal foreign exchange deals involving virtual currency were valued at $4B last year. South Korean regulators have shifted their attention to over-the-counter (OTC) crypto transactions in response to rising concerns over its criminal use. The country’s financial regulators are reportedly monitoring the OTC cryptocurrency market. According […]
Hong Kong Police Arrest “jolamchok” Over JPEX Ties
Joseph Lam (Lin Zuo), also known as “jolamchok” on Instagram, was reportedly detained by Hong Kong police for his ties to JPEX. A Hong Kong-based social media influencer was purportedly arrested after their involvement in the liquidity crisis of the cryptocurrency exchange JPEX was uncovered. South China Morning Post reports that Hong Kong police apprehended […]
U.S Government on SBF Jury Selection Questions
The U.S. attorney sees no reason for potential jurors to discuss, among other topics, effective altruism or ADHD before trying SBF. The United States government responded on September 15 to queries proposed by the defense to be posed to potential jurors during the selection process for the case against former FTX CEO Sam Bankman-Fried. In […]