The Securities and Exchange Commission has agreed to drop its legal case against Coinbase, the exchange said Friday, pending approval by the regulator’s commissioners. But it’s just one of several actions the agency has taken since the inauguration of President Donald Trump to deepen its crypto-friendly tone shift. Coinbase CEO Brian Armstrong said Friday that … Read more
Bullish momentum is gathering pace for TRON (TRX), suggesting a potential upward trajectory as illicit activities decline alongside rising prices. 2024 marks a significant year for TRX, characterized by a notable decrease in illicit transactions, which could foster a more stable investment environment. According to a statement from TRM Labs, “The collaboration of Tether, TRON … Read more
North Korea’s Lazarus Group, a state-backed hacking collective renowned for its technical sophistication, executed the largest cryptocurrency theft in history by stealing $1.46 billion from Bybit, investigators confirmed. North Korea’s Lazarus Engineered History’s Largest Cryptocurrency Theft The Lazarus Group, a cybercrime unit linked to North Korea’s Reconnaissance General Bureau, leveraged advanced tactics to breach Bybit’s … Read more
A South Florida woman could face deportation after allegedly stealing over $850,000 worth of crypto from her ex-boyfriend. Maissa Jebali, 22, is accused of taking the substantial sum of Donald Trump’s official Solana meme coin (TRUMP), from Anthony Bravo, a Miami man she had been dating for several months, according to a Miami Police Department … Read more
The Tor onion router is a web browser primarily used for anonymous internet surfing and protection against traffic analysis. Incidentally, the U.S. Navy originally designed Tor as a means to protect sensitive U.S. government information. Today, Tor Browser is synonymous with the dark web (also known as darknet browser), illicit activity, and free internet activists … Read more
Centralized cryptocurrency exchange Bybit is struggling to keep up with withdrawals following a hack that saw over $1.4 billion worth of Ethereum and related assets swiped early Friday. In a livestream following the incident, Bybit co-founder and CEO Ben Zhou said that the firm has “experienced massive withdrawals in the last two hours.” However, he … Read more
Bybit scrambled to process over 350,000 withdrawal requests after a massive hack, with executives calling it possibly the worst financial breach ever. Bybit in Crisis Mode—350,000 Withdrawals Flood the System Ben Zhou, CEO of crypto exchange Bybit, provided an update on social media platform X on Feb. 21 regarding the company’s response to a recent … Read more
Strategy co-founder Michael Saylor has suggested that the U.S. could purchase 20% of the Bitcoin supply “for free,” and that owning 4 to 6 million BTC would “pay off the entire national debt.” Appearing at the annual CPAC conference, Saylor spoke in favor of a strategic Bitcoin reserve, arguing that “the dollar would strengthen” if … Read more
Ben Zhou, Bybit CEO, assured the public that user funds were safe and that the platform could cover losses following the largest crypto exchange hack in history. Security veterans and concerned crypto community members rallied behind Bybit on Friday, Feb. 21, after the exchange lost over $1.4 billion to hackers. The largest-ever crypto exchange hack … Read more
Recent surveys reveal that 79% of FTX creditors intend to reinvest their reimbursements into cryptocurrencies, particularly Solana. Despite this optimistic outlook, the survey’s criteria raise concerns about its true representation of the broader creditor base. “The creditors’ clear inclination towards Solana could skew perceptions, making it challenging to gauge general crypto interest,” noted a COINOTAG … Read more