A crypto user has reportedly lost nearly $7 million in crypto after buying a discounted cold wallet through the Chinese version of TikTok, Douyin, which turned out to be compromised. Blockchain security firm SlowMist said in a X post on Saturday that the “private key was compromised at creation” and the user’s funds were “drained…
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Major darknet marketplace Huione is reportedly still operating and growing, despite the shutdown of its website and Telegram channels. Haowang Guarantee, formerly Huione Guarantee, said on May 13 that it was shutting down after the Telegram messaging service banned thousands of its associated accounts and channels. However, Chainalysis said in a report on Thursday that…
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The Czech Republic’s main opposition party has called for a no-confidence vote in the government on Thursday, accusing it of corruption over a $45 million Bitcoin payment from a convicted criminal. Alena Schillerova, vice chair of the right-wing ANO party, said in a Thursday post to X that her party felt there was “no choice”…
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Australia’s markets regulator has banned a financial adviser from offering financial services for 10 years, alleging she deceptively invested her clients’ money into a crypto platform listed as a possible scam. The Australian Securities and Investment Commission (ASIC) said on Thursday that it had put Glenda Maree Rogan on a decade-long ban for allegedly transferring…
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DeFi Development Corp has run into a minor setback on its quest to raise $1 billion to buy more Solana after the US Securities and Exchange Commission knocked back its S-3 filing. The Nasdaq-listed firm said in a statement to the SEC on Wednesday that it seeks to withdraw its previous registration statement because the…
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The US securities regulator is working on an “innovation exemption” to stoke the creation of more onchain products and services, according to Securities and Exchange Commission chair Paul Atkins. Atkins, a former crypto lobbyist, said during a Monday crypto roundtable led by the SEC’s crypto task force titled DeFi and the American Spirit that he…
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Japanese investment company Metaplanet’s shares spiked on market opening after announcing its plan to raise $5.4 billion to buy Bitcoin last week. Metaplanet’s stock (3350T) shot up over 12% in the June 9 trading session, trading at 1,505 yen ($10.42), according to Google Finance. However, at its peak of the trading session so far, Metaplanet’s…
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Crypto conference attendees fail at “basic situational awareness” and security measures, opening themselves up to exploitation by bad actors hiding in the crowd at events, says crypto exchange Kraken. Kraken’s security team noted a “troubling trend” of laptops and phones owned by popular crypto protocols left unlocked and unguarded on tables at events — as…
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The US Department of Justice has moved to seize $7.74 million in crypto allegedly earned by North Korean IT workers using fake identities and working at blockchain firms as remote contractors. The funds were initially frozen in April 2023 as part of an indictment against Sim Hyon Sop, a China-based banker allegedly helping North Korean…
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California’s lower house has passed a sweeping crypto payments-regulating bill that would also allow the state to take idle crypto holdings from exchanges if an owner hasn’t accessed their account in three years. The California State Assembly passed Assembly Bill (AB) 1052 in a 78-0 vote on June 3, which would make crypto subject to…
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