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Bitrace highlights rising crypto fraud risk as trading platforms introduce web3 wallets

The integration of web3 wallets into mainstream trading platforms heralds a new era in digital finance, blending the realms of cefi and defi while also raising concerns about increased vulnerability to crypto fraud. According to Bitrace and WuBlockchain, the integration of web3 wallets into mainstream trading platforms like OKX and Binance

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Fireblocks launches trading system to mitigate centralized exchange risk

Multi-party computation (MPC) wallet provider Fireblocks has released a new trading system for institutions that use centralized exchanges, according to a Nov. 28 announcement. Called “Off Exchange,” the new system allows institutional traders to swap tokens without first depositing them on the exchange. Fireblocks claimed this system would help to

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Changpeng Zhao’s legal team suggests home detention, says he is not a flight risk

Changpeng Zhao’s defense team advocates for combined home detention and community confinement, emphasizing his willingness to take responsibility for Binance’s criminal charges.  Following the U.S. Department of Justice’s (DOJ) criminal charges of Binance, and Changpeng Zhao’s guilty plea, Zhao’s defense team opposed the government’s motion for him to remain in the

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Cybersecurity team claims up to $2.1B in crypto stored in old wallets is at risk

While the crypto community is still weathering the effects of the recent $100 million Poloniex hack, another cybersecurity threat that could affect billions worth of crypto assets has been discovered by a team of blockchain security experts. On Nov. 14, cybersecurity company Unciphered released information on a vulnerability that it called

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SafeMoon CEO bail release goes on hold after Feds cite flight risk

United States federal prosecutors have managed to put SafeMoon CEO Braden John Karony’s bail release order on hold, citing flight risk and his release being a possible “danger to the community.On Nov. 9, New York District Judge LaShann DeArcy Hall stayed a Nov. 8 bail release order after prosecutors challenged

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