Binance said it has now covered 90% of the losses linked to the record-breaking cyberattack that struck the world’s largest cryptocurrency exchange. The has now moved closer to restoring normal operations. Binance says customer assets remain safe as new update says it uses SAFU reserves, insurance funds and corporate treasury after record cyberattack. REUTERS/Dado Ruvic/Illustration … Read more
US President Donald Trump said his administration is examining whether North Korean hackers were responsible for the $6.3 billion cyberattack on Binance, the world’s largest cryptocurrency exchange. Trump says the US is investigating whether North Korean hackers were behind the $6.3 billion Binance crypto attack.. Photographer: Annabelle Gordon/UPI/Bloomberg (Bloomberg) Speaking to reporters in the Oval … Read more
Elon Musk has drawn criticism from Binance co-founder Changpeng Zhao after the Tesla making sarcastic comments about the cryptocurrency exchange’s $6.3 billion hack. Musk reacted to the incident with laughing and grimacing emojis on X, prompting Zhao to ask the billionaire to stop mocking the company and show some support. Elon Musk’s jokes about Binance’s … Read more
Bitcoin fell below the $80,000 mark on Monday as investors became more cautious ahead of a key Federal Reserve meeting. Concerns over heavy spending on artificial intelligence (AI), rising oil prices and uncertainty in global markets also put pressure on cryptocurrencies. Bitcoin falls below $80,000 as Fed meeting fears, AI spending concerns and oil prices … Read more
In May 2023, Jackie Crenshaw of East Haven, Connecticut, was nearing her 59th birthday and thinking about retirement when she met a man on a dating site who told her he was a widower, she said in an interview with Business Insider. He was a scammer, and a crypto romance scam cost her about $900,000. … Read more
Bitcoin and other cryptocurrencies fell sharply on Wednesday as heavy selling hit the crypto market. The fall was driven by forced selling of crypto positions and wider worries in financial markets. Bitcoin falls as crypto liquidations hit the market. (Pexel/Representative image) (Pexel) Bitcoin, the biggest cryptocurrency, fell as much as 2.4% to $83,583. Ether dropped … Read more
The total cryptocurrency market value has climbed back above $3 trillion for the first time since January. The rise comes after a strong rally in Bitcoin, which has lifted the broader digital asset market. But the rally is also bringing more leveraged trading into the market. This could make crypto prices move sharply in either … Read more
The Senate is expected to hold a procedural vote on Tuesday on the Digital Asset Market Clarity Act, also known as the Clarity Act. The bill is one of the biggest efforts yet to create a clear set of rules for the cryptocurrency industry in the US. Trump-backed crypto bill faces Senate vote amid opposition … Read more
A $250 million crypto fraud allegedly financed a lavish lifestyle of luxury homes, Lamborghinis, Rolex watches and dozens of Louis Vuitton bags, according to the US Department of Justice. Christopher Alexander Delgado, former CEO of Goliath Ventures, pleaded guilty after admitting that his scheme caused at least $250 million in losses to investors. Prosecutors said … Read more
A Singaporean national has pleaded guilty to participating in a racketeering conspiracy. US prosecutors said that Malone Lam, 22, used social engineering and home break-ins to steal and launder more than $245 million in cryptocurrency. Malone Lam: Singaporean cybercrime ringleader pleads guilty to shocking crypto heist in US (Broward County Sheriff’s Office) The plea establishes … Read more