Stolen Crypto From Atomic Wallet Sending To Crypto Mixer Sinbad After any hack and exploit, the team always tries to do its best to recover the stolen funds. Sometimes they offer the hackers to send a certain portion of the funds and keep the rest as a bounty. It is luck if the stolen crypto assets are refunded. Blockchain security analysts can trace and track the stolen funds and provide valuable information. Atomic Wallet was exploited and hacked recently. According to…
Are Major Australian Banks Going To Suspend Payments To Crypto Exchanges? When you can give an answer with yes, or no, that would be good. But you may not express everything with yes or no. There is more to talk about. How do you send payments to cryptocurrency exchange? Probably, you use any banking channel. Now if there is some sort of limitations on crypto payment, you cannot do things normally that you plan to do before. Commonwealth Bank (CBA) is the largest bank in…
Is Crypto.com Going To Suspend US Institutional Exchange Service? This month has been pretty tough for crypto so far. It started with the filing lawsuit against the most popular two crypto exchanges Binance and Coinbase by the SEC. It may create more uncertainty in the crypto market and other crypto exchanges will make their decision to stay safe. Now crypto.com decides to suspend its US institutional exchange service which is going to be effective on June 21. It will not be…
DeFi Protocol Sturdy Finance Exploited and Lost $800K There is more uncertainty in the crypto market. Due to regulatory scrutiny and challenging crypto market condition, it is getting more difficult to survive and move forward. The central authority goes hard on crypto like taking legal action to sue the popular crypto exchanges Binance and Coinbase. In spite of unfavorable situations, hackers and exploiters keep attacking to exploit and steal cryptocurrency. The hackers…
Etoro Delisting ALGO, DASH, MATIC and MANA for US Customers The social trading and investment company Etoro makes the decision to delist ALGO, MANA, DASH, and MATIC for US customers so that they cannot start doing new trade. The platform comes up with this decision paying attention to the rapidly evolving regulatory landscape in the United States. It is clearly mentioned that this decision is only applicable to US customers which will be effective on July 12, 2023. From July…
Will Apple Ban Social Media App Damus? Social media app Damus received a warning letter from Apple, stating the app would be removed from the Apple app store due to having tipping features to tip in Bitcoin. It has to comply with Apple's guidelines. People use the Damus app that runs on the Nostr platform. Damus got approval on the Apple app store in January 2023. There is a Zaps feature in the app that allows users to tip others and content creators in BTC. They use the…
How Do Australians Respond To Crypto Payment Restrictions? Australia's peak blockchain industry body Blockchain Australia criticizes banking limits to make payments to crypto exchanges. Recently Commonwealth Bank (CBA), the largest bank in Australia, made a decision to hold or decline certain payments to crypto exchanges to buy cryptocurrencies. Not only that, they plan to put a limit of $10,000 Australian dollars ($6,650) per month to make payments to cryptocurrency…
Are Turkey Residents Moving To Crypto? Because of inflation, people are losing the power chasing power. It can become a serious problem when the fiat currency depreciates more. Some Turkey residents focus on crypto, especially stablecoin USDT to hold the purchasing power and preserve their wealth. It is sad to see the national fiat currency loses its value. People may not feel comfortable holding the Turkish lira since it keeps losing its value against the US dollar. 1…
Crypto Exchange Binance Cancels Registration In The UK When things are difficult to handle, you may face more challenging situations. It is as if you have to deal with unfavorable circumstances all at once. You find a way to take a breath and see more obstacles are on your way. The leading crypto exchange Binance takes some hard decisions recently. Binance’s UK-based subsidiary Binance Markets Limited (BML) canceled registration with the Financial Conduct Authority (FCA).…
Is Crypto.com Involved In Market Prices Manipulation? Crypto exchange Crypto.com is accused of manipulating market prices. This crypto exchange offers crypto trading services for retail traders. It gained popularity in the bull market. It is going through allegations of proprietary trading and manipulating market prices. Artificially doing something to manipulate the price and take advantage of the situation to get market gain is a bad practice. It will damage the reputation…
Do You Trust Wallet Apps That Appear On The App Store? You secure your crypto assets in your wallet. You usually download the wallet app from the app store. You search on the app and it appears. Do you have any doubts about apps that appear on the screen? Apple has taken action to remove a fake Trezor wallet app from the Apple app store. You might find more fake and malicious apps on the app store. If you download any malicious app and insert the seed phrase that you usually…
Binance Launches Crypto Exchange In Kazakhstan We keep getting bad news about Binance for a while. Now the good news is, Binance expands its operation and launches a new crypto exchange in Kazakhstan. They made the announcement of launching this platform on June 20, 2023. Kazakhstan’s banking industry representatives were present at the press event while making the announcement. Binance got in-principle approval to run its business in August 2022. Then they received a…
More Than 100K Compromised ChatGPT Accounts Credentials Out There On Dark Web You may hardly find anyone who does not hear about ChatGPT. Many people created accounts and the result of using the chatbot makes them surprised. Here is another surprise. More than 100K ChatGPT accounts login credentials were leaked and out there on dark web marketplaces, according to the report of Singapore-based cybersecurity firm Group-IB. People have to create an account first to use ChatGPT.…
Crypto.com Receives A Regulatory License in Spain Singapore-based crypto exchange crypto.com expands its global reach and finally obtained a Virtual Asset Service Provider registration from the Bank of Spain. This is great news for the crypto exchange. Due to regulatory scrutiny, there are a lot of restrictions and there is something that is not explicit. To avoid unnecessary hassle and difficult situations, they take different steps to position themselves in a safe zone.…
Crypto Hacker PlugwalkJoe Gets 5 Years In Prison Seeing the rise of hacks and scams in crypto, do you think bad actors will get away with stolen crypto assets? Joseph O’Connor, a British hacker who is also known as PlugwalkJoe, got his punishment and has been sentenced to five years in prison in the United States. Joseph launched a sim swap attack on a crypto exchange executive and stole $794,000 worth of cryptocurrencies in 2019. Then the hacker transferred cryptocurrency…
Bybit Gets A License To Expand Its Operation In Cyprus When it comes to regulatory approval, you get a feeling to have a negative response. Due to ongoing regulatory scrutiny, you do not expect something positive. Fortunately, you do not face the same situation everywhere. Crypto exchange Bybit has received a license to operate the business in Cyprus. Now this exchange can offer exchange and custody services to the people in the country. It is important to have easy on-ramps…
Binance Australia Got Only 12 Hours Notice Before Cutting Off From The Local Banking System Sometimes we do not know details about how something happened. You just got to know you cannot do something anymore and that's it. You do not have the time to prepare for something or respond to that properly. Binance Australia only got 24 hours' notice and then it was turned out to 12 hours before cutting off from Australia’s banking system. Binance regional manager Ben Rose talked…
Arbitrum-Based DeFi Protocol Chibi Finance Rug Pulled When you think about Decentralized Finance (DeFi) protocol, you might think that's more secure. Hackers can hack DeFi protocol taking advantage of the vulnerability of the protocol. Or, the intention behind building a specific DeFi protocol can be scamming people and stealing their cryptocurrency. Arbitrum-based DeFi protocol Chibi Finance rug pulled and drained more than $1 million. You will be surprised to know that…
Bank of China Starts Offline Payment Trial For Digital Yuan Via SIM Cards Nowadays you may hardly find any person who does not have a smartphone. Everyone uses apps and has an internet connection. Still are you always online? If not, it can be a barrier to increasing the user base of CBDC if people cannot use it offline. The Bank of China is working on it and starting a trial of offline payment for Digital Yuan via SIM cards. People can make payments without an internet…
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