XRP Is Not A Security Finally, Ripple Labs wins the case after a long legal battle in court with the U.S. SEC. XRP is not an unregistered security ruled by Federal District Judge Analisa Torres. One exception is when it's used to raise funds from institutions. The Securities and Exchange Commission (SEC) filed a lawsuit against Ripple and its two chief executives and brought allegations that Ripple offered unregistered security. It takes time to settle this issue. That's…
Ripple CTO Warns On Fake XRP Airdrop and Scams Ripple Labs' victory against the U.S. Securities and Exchange Commission (SEC) creates positive vibes. The legal battle against the SEC started in December 2020. Now it's clear that XRP is not an unregistered security that the SEC claimed. XPR price increased more than 70%, the price going up from $0.47 to $0.83. Not only the XRP community but also other crypto communities are happy about the outcome. Scammers take advantage of…
Don't Be A Victim Of Fake LayerZero Airdrop Have you ever come across the LayerZero airdrop offer? You might have watched videos on YouTube talking about LayerZero airdrop. Airdrops are legit and many people earn money in crypto by participating in different airdrops. You might be rewarded with airdrops because of the activity that you complete to participate in airdrops. Since this is free, many people are interested to participate. If you become a victim of a fake…
Binance CEO CZ Admits Laying Off Employees The Wall Street Journal first reported that the largest crypto exchange Binance laid off more than 1000 employees recently. Binance CEO Changpeng Zhao, CZ admitted that. He stated that they had to take this decision and it is referred to as involuntary termination. But Binance CEO did not agree with the number of laid-off employees reported there. Binance is still hiring in order to enhance talent density, he added. There is FUD…
Canadian Crypto Hacker Soup Stole Over $1 Million We often hear the news of hacks, scam, and exploit. Many people become victims of hacks and end up losing their crypto assets. If victims know that they are going to lose their cryptocurrency, they will not take any further steps suggested by scammers. They will get back and stay safe. Are you wondering about who is hacking and scamming people and how they do that? Crypto investigator ZachXBT revealed very valuable…
What Would Happen To Your Crypto Assets When You Are No More? Did you get cryptocurrency from your parents? How about your kids? Your kids can inherit crypto. Many people invest in crypto assets and things are changing. Your loved ones will get cryptocurrency from you. What would happen to your crypto assets when you are no more? We usually do not prefer to talk about that part. But the fact is, we cannot live forever. Now you work hard to invest in crypto and grow your…
Is Crypto Treated Like Gambling? The regulatory authority wants to regulate the crypto market and they come up with their approach to see this market. In the UK, the House of Commons Treasury Committee made a proposal on regulating crypto retail trading in the same way as gambling. The UK government rejected this proposal. Do you see crypto as gambling? Or when you do trading as a retail trader, do you feel like you are gambling? Big guys who say crypto is a bubble may treat…
Hackers Used Uniswap Founder’s Compromised Twitter Account To Promote Scam Do you trust tweets on Twitter? You get updates and valuable information on Twitter. Popular and trustworthy people are there to share important things in crypto. When you see any tweet on Twitter, are you sure about whether that comes from an authentic source? You might not know whether that comes from a scammer or not. That Twitter account could be compromised. Uniswap founder Hayden Adams’ Twitter…
An Old Man Lost His Life Savings Of Over $340,000 In Crypto Fraud Why do you use social media? Do you use social media to get investment advice? Some experts will appear on your social media feeds and show you ways to make a living changing money. People lose a lot of money falling for crypto fraud. Naum Lantsman, a 74 years old man lost his life savings of more than $340,000 becoming a victim of crypto fraud on social media. If you are young, you have time and more…
Social Payments App Bundle Closing Crypto Exchange Services You expect there will be more facilities to interact with crypto and use crypto in daily life. The adoption rate of crypto increases, but at the same time, there are obstacles that force it to close crypto services. Bundle, a popular Nigerian social payments app, is shutting down its crypto exchange services. Bundle did not disclose why they take this decision to discontinue its crypto exchange services. It seems…
Alphapo Hacked and Lost Over $31 Million In Crypto Alphapo, a payment processor, was hacked and lost more than $31 million in different cryptocurrencies. Crypto detective ZachXBT warned people about this exploit where hackers hacked Alphapo's hot wallets and drained over $31 million worth of crypto. The point to be noted, it is confirmed that hackers managed to steal over $31 million. The number of stolen Bitcoin is uncertain, so the total stolen crypto would be a lot higher…
Is Pro-XRP Attorney Promoting Fake XRP Giveaways on Twitter? People are interested to know updates about XRP. After the partial win of XRP Against the U.S. SEC, crypto communities are excited about it. The SEC is not happy about the outcome and signals to appeal. People want to get updates on the SEC's move. Attorney Jeremy Hogan who is well known for his pro-XRP stance tweeted to celebrate the win and start XRP giveaways. People usually follow what he tweets due to his…
Crypto Exchange Binance Withdraws Application For Crypto License In Germany Crypto exchange Binance has to make some tough decisions sometimes. And withdrawing its application for a crypto license in Germany seems like that. The German Federal Financial Supervisory Authority (BaFin) rejected Binance's crypto exchange license almost one month ago. It was not so clear then. It was not confirmed whether regulators officially rejected the application or verbally let the company…
CoinsPaid Suspecting Lazarus Group Behind The Hack Of $37.3 Million Hackers hacked the internal system of the crypto payments platform CoinsPaid and stole $37.3 million on July 22. CoinsPaid pointed fingers at the notorious Lazarus Group for this incident. Lazarus Group is behind hacking many high-profile companies and the mastermind of cyber attacks. CoinsPaid suspects that this powerful hacker group is responsible for hacking $37.3 million. It makes significant damage to…
Crypto.com Gets Regulatory Approval In The Netherlands We often hear negative news when crypto exchanges fail to fulfill the requirements and register in a country. The good news, one of the popular crypto exchanges crypto.com got regulatory approval in the Netherlands. Now they can expand their service over there. This crypto exchange went through a comprehensive review of its business and compliance with the country’s Anti-Money Laundering and anti-terrorism laws. Then…
Are You Aware Of Fake Audits In Crypto? Before interacting with a crypto platform, you think about how safe and secure the platform is. No one wants to lose their cryptocurrencies. It is important for the crypto platform to gain the trust of users. After seeing an audit report, you will assure that the crypto platform is safe to use and make any interaction. The U. S. Securities and Exchange Commission warns about fake audits in crypto. According to Paul Munter, chief…
The SEC Asked Coinbase To Delist Everything Except Bitcoin The U. S. Securities and Exchange Commission first filed a lawsuit against Binance. The next day, the SEC made its move to sue the popular crypto exchange Coinbase. We may not know what happened behind the scene. Do you know what the SEC asked Coinbase to do prior to suing the exchange? Recently Brian Armstrong, CEO of Coinbase, revealed valuable information about that in an interview with the Financial Times. He…
Nigeria’s SEC Declares Binance Operations Illegal When you deal with some problems, you will see more problems come on your way. It feels like every challenging factors are active to challenge you and you have to face them all. Everyone knows that the largest cryptocurrency exchange Binance handles some challenging situations. Now the Nigerian Securities and Exchange Commission (SEC) warns against trading on Binance. They talk about the risk of investing in crypto and…
Tether Blacklists The Address Of Stolen $20 Million USDT Zero transfer scammer successfully stole $20 million USDT and that is immediately blacklisted by Tether. It is good to know that scammers cannot use the USDT that they stole by zero transfer phishing attacks. This kind of phishing attack started in December 2022 and scammers stole more than $40 million. Crypto detective ZachXBT is well known for investigating and exposing scams and exploits. The speed of taking action…
Binance CEO Warns About The Latest Scams In Crypto You might have heard about the latest crypto scam where the victim lost $20 million USDT. Binance CEO Changpeng Zhao, CZ tweeted about it and warned the crypto community to stay safe. The surprising thing is, Tether put the scammers' address on the blacklist immediately within 1 hour. Maybe you are wondering about who the person is becoming a victim and Tether took action so quickly to blacklist the address. According to…
A Man Lost $9 Million In A Crypto Romance Scam On LinkedIn People usually fall for crypto romance scams on dating websites. Crypto scams are on the rise on social media like Instagram, X, and Meta. Have you ever heard of falling for a crypto romance scam on LinkedIn? A man from Minnesota lost $9 million investing in a scam crypto project Coinrule-web3. That scammer reached out to him on LinkedIn and gained the trust of the victim. The conversation moved from puppy love to…
Revolut Is Going To Stop Providing Crypto Services In The US The financial technology company Revolut made a tough decision to stop providing all crypto services in the United States. If you use Revolut, you do not need to worry about stopping to get any crypto services suddenly. Revolut will not allow US customers to buy cryptocurrency on its platform from September 2. They will completely stop providing any cryptocurrency services from October 3, 2023. So users still have…
FBI Warns Of Phishing Attacks In The Crypto Space The United States Federal Bureau of Investigation (FBI) warned of phishing attacks in the crypto space and how criminal actors exploit and drain NFTs and cryptocurrencies from victims' wallets. Hackers usually create a sense of urgency in their tweets or messages. The potential victims do not get the time to think before acting on it. Having a sense of urgency does not mean it is from scammers and hackers. When digital…
Blockchain Capital’s X Account Hacked To Advertise Fake Token When you see an opportunity to claim free tokens and get a passive income, you think you are lucky. And this offer is active for a limited time before the supply runs out. You may not like to miss this opportunity. Wait. Where did you see this? Hacking the reputed and popular X (Twitter) account becomes common these days. Now the latest victim is Blockchain Capital, a crypto-focused venture capital firm. The X…
Fantom-Based SpiritSwap Shutting Down Its Operations One of the popular decentralized exchanges (DEX) on the Fantom Opera Network SpiritSwap is going to make a tough choice to shut down its operations. SpiritSwap will keep running its operations till September 1, 2023. Now they look for a new team that can take over the project. If that does not happen, unfortunately, they will have no option except to close the operations. People have the time to remove liquidity from the…
Do Russians Think The Digital Ruble As Some Kind Of Fraud? Like many other countries, Russia has been working exclusively on the digital ruble that is the Central Bank Digital Currency (CBDC). So what do Russians think about the digital ruble? The information service provider Bankinform conducted research to see how many Russians are interested in the upcoming CBDC. 13% of the participants pay close attention to the development of the digital ruble and they may use it in the…
Zunami Protocol Lost $2.1 Million In Price Manipulation Attack Zunami Protocol has been exploited and the attackers stole over $2.1 million in price manipulation attacks. Blockchain security firm PeckShield identified the attack first and suggested users to take action. It is estimated that Zunami Protocol lost more than 2.1 million from the liquidity pool hosted on Curve Finance. Criminal actors managed to steal crypto assets by manipulating the price. PeckShield advised…
SwirlLend on Coinbase Layer 2 Base Is An Exit Scam The lending platform SwirlLend turned into an exit scam. This platform was active on Base and Linea. You might not have thought of this project to do a rug pull and end up like this. Looks like bad actors are very active on Base. Coinbase is one of the popular cryptocurrency exchanges and most people have their first experience in crypto on Coinbase. They are excited about Coinbase Layer 2 Base. Criminal actors come up with…
BNB Hackers Lost More Than $53 Million Liquidating On Lending Protocol When hackers exploit any platform, do they get away with that? Maybe they manage to get away with stolen crypto, they can lose crypto somehow. The crypto market just crashed and many traders position was liquidated. BNB hacker lost more than $53 million via liquidation. The attackers stole almost $600 million worth of BNB tokens by exploiting the BNB Smart Shain. According to blockchain security firm…
Harbor Protocol Exploited and Hacked Harbor Protocol, an Interchain stablecoin protocol on the Comdex chain, was exploited and hacked recently. It does not feel good to see any negative bad news. If you are aware of what's going on in crypto, that is better. When you make any decision in crypto, you can consider the present situation. Harbor Protocol is built on the Cosmos platform. There has been a security breach and hackers got access to the protocol. Hackers exploited…
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