Tuesday, March 19, 2024
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Friend.tech users blame SIM swaps after more than 100 ETH drained in a week

Friend.tech users are warning of possible SIM-swap attacks after a recent spate of supposed hacks resulting in nearly 109 Ether (ETH) worth around $178,000 being drained from four users in under a week.On Sept. 30, the X (formerly Twitter) user known as “froggie.eth” warned their Friend.tech account was SIM-swapped —

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FTX Founder Sam Bankman-Fried Cannot Blame Lawyers in Opening Statement, but Can Raise Defense Later: Judge

In his ruling, the judge said the phrasing of the various filings raise questions about "what would constitute 'undue' focus on attorney involvement," "what could suggest inappropriately that attorneys had 'blessed' a particular course of conduct" and what legal theory would allow evidence that met the first two questions. Original Source

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Dwindling optimism for Bitcoin ETF approval to blame as weekly crypto outflows hit $55M

Digital asset investment products saw $55 million in outflows for the week of September 13-19, according to a report from CoinShares. Optimism surrounding what was previously thought to be the impending approval of a spot-based Bitcoin exchange-traded fund has begun to give way as $42 million worth of the week’s outflows

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Blame game rages over ASX’s failed CHESS system blockchain upgrade

Digital Asset — the New York firm responsible for Australian Securities Exchange’s now-abandoned blockchain-based clearing system — has blamed the securities exchange for dropping its blockchain plans. Meanwhile, representatives of the ASX have clapped back in statements to Cryptox, calling the claims misleading.For the last seven years, the ASX was

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US lawmakers blame crypto firms for ‘tax gap’ in letter to Treasury

Two members of the United States Congress have penned a letter to the heads of the Treasury and the Internal Revenue Service, demanding the implementation of tax regulations for the crypto industry.In a letter addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, U.S. Representatives Brad Sherman and

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