Cryptocurrency Analysis and News Portal
The Chinese government released a statement on Nov. 10 declaring that anyone stealing digital collections, such as nonfungible tokens (NFTs), will be subject to theft sentences.It outlines three views on the type of crime that theft of digital collections falls under, the first two classifying it as either data or
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To track down and counter the sudden disappearance of tokens from crypto wallets requires investors to know the various ways bad actors use to steal cryptocurrencies successfully. Blockchain investigator Bitrace has identified three effective ways hackers gain access to crypto investors’ wallets: through search engines, such as Google and Bing, pasteboard hijacking
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Debtors of the bankrupt cryptocurrency exchange FTX have launched action against the parents of FTX founder Sam Bankman-Fried, alleging that they misappropriated millions of dollars through their involvement in the exchange’s business.The counsel for FTX debtors and debtors-in-possession, represented by the law firm Sullivan & Cromwell, on Sept. 18 filed
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OpenAI and Microsoft have been named as the defendants in yet another class-action lawsuit over their alleged use of web scraping techniques to obtain supposedly private data for the use of training ChatGPT and other associated artificial intelligence (AI) models. The most recent class-action suit was filed on Sept. 5 in
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According to South Korean news outlet Chosun Biz, on Aug. 7, Jinwook Shin, the CEO of crypto exchange Bitsonic — who is under investigation for stealing investments and deposits from exchange users — was arrested by South Korean police. The vice president of Bitsonic will also be put on trial without preliminary
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied United States law enforcement agents slammed wire fraud and money laundering charges against a former security engineer from New York. He is accused of hacking a decentralized exchange (DEX) and stealing $9 million in July 2022. The
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Crypto crimes are raking in far less revenue this year due to a dry-up among hacks and scams, according to Chainalysis. Source
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The indictment, issued by the United States Attorney for the Southern District of New York, alleges Soufiane Oulahyane, a Moroccan national, operated a look-alike website of popular NFT marketplace OpenSea to obtain unauthorized access to digital assets and NFTs in a cybercrime technique known as "spoofing." Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A British hacker, Joseph O’Connor, aka the PlugwalkJoe, has been sentenced to five years in a United States prison for stealing $794,000 worth of crypto through a SIM swap attack. The SIM swap attack case O’Connor was initially
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On the eve of her NFT drop on Wednesday, pseudonymous digital artist and researcher Elena was accused of plagiarizing artistic assets in her collection. Elena, who amassed a following of nearly 90,000, previously described herself as the “researcher in residence” at blue-chip NFT collection Azuki, though that designation has since
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