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FTX and Alameda linked wallets transfer $10M of crypto to exchanges in just 5 hours

Wallets linked to bankrupt crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in five hours on October 24-25, according to data from blockchain analytics platform Spot On Chain. The movement of these funds may indicate that the firms plan to sell

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Privacy firm Nym launches $300M fund, eyes Web3 wallets, RPCs and infrastructure services

Blockchain privacy firm Nym Technologies has launched a $300 million funding program aimed at providing capital to projects building security-focused infrastructure.The Nym Innovation Fund will draw capital from venture capitalist investors such as Polychain, KR1, Huobi Incubator and Eden Block and will focus on supporting projects building Web3 privacy-focused tools

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Singapore court authorizes freeze order attached to wallets as soulbound NFT

The Singapore High Court has allowed financial investigation firm Intelligent Sanctuary (iSanctuary) to attach nonfungible tokens (NFTs) containing a legal document to cold wallets associated with a hack, according to United Kingdom-based iSanctuary and local press accounts.A court-issued worldwide freeze order was tokenized as soulbound NFTs and attached to the

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How Blockchain-Based Digital Wallets Transform Finance and More

Today, individuals, many small and medium enterprises as well as institutions operate across a fragmented set of financial accounts that each require separate types of paper-based documentation (often stored in electronic form). For individuals, this includes checking and savings accounts that deal with the entity’s cash; brokerage and investment accounts

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Group-IB warns about malware targeting banking apps and crypto wallets in Vietnam

Group-IB, a cybersecurity firm, has discovered a malware designed to steal funds from financial organizations and crypto wallets in Vietnam. In a blog post on Oct. 4, Group-IB said Android devices are the primary targets of the GoldDigger trojan. It is distributed through false versions of the Vietnamese government application on the Google

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US Treasury sanctions crypto wallets as authorities crack down on fentanyl

The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has sanctioned crypto wallets allegedly connected to individuals and companies involved in the production of fentanyl.In an Oct. 3 notice, the U.S. Justice Department announced indictments against several China-based chemical manufacturers as well as many

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