Recently, a user known as “The Future is Long” has come forward with a harrowing tale of a security breach that led to a loss of over $2 million from their OKX account. The user revealed that scammers had managed to gather all of their personal information through Telegram, enabling them to access their email
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President Joe Biden vetoed H.J. Res. 109 on May 31, which was a resolution aimed at overturning the SEC’s controversial SAB 121 rule. In his statement, Biden emphasized that SAB 121 represents the “considered technical” views of SEC staff and plays a crucial role in protecting the public and investors. He expressed concerns that overturning
The proposal put forth by SEC commissioner Hester Peirce for a shared digital securities sandbox between the US and the UK presents a unique opportunity for firms from both countries to engage in sandbox activities under similar regulatory conditions. This initiative has the potential to revolutionize how securities issuance, trading, and settlement are conducted using
The European Securities and Markets Authority (ESMA) has identified Maximum Extractable Value (MEV) as a form of illegal market abuse under the proposed technical standards for the Markets in Crypto-Assets (MiCA) regulation. This development has raised concerns within the crypto industry, as highlighted by Patrick Hansen, a well-known commentator on crypto regulations, on Twitter. According
The presale for Solana’s all-American hillbilly Sealana ($SEAL) token has garnered massive attention, attracting over $3 million in funding within a month. This surge in interest in Sealana is part of a new wave of Solana meme coins that have captivated investors worldwide. Predecessors such as DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME), and
Jian Wen, a former fast-food worker, has been sentenced to nearly seven years in prison by the Southwark Crown Court in London for her involvement in money laundering tied to a $6.4 billion investment fraud scheme. This case highlights the severity of the consequences individuals face when engaging in illegal activities such as money laundering.
Recently, Gala Games, a well-known blockchain gaming platform, experienced a significant security breach that resulted in the unauthorized sale of 600 million GALA tokens, valued at $23 million. This breach has once again brought the issue of security in the crypto space to the forefront, highlighting the importance of robust internal controls in preventing such
Crypto analyst Michaël van de Poppe has expressed bullish sentiments regarding Polkadot (DOT), foreseeing a potential rise in its value to as high as $25 during the current bull run. Van de Poppe highlighted the recent correction that Polkadot underwent, followed by its resurgence to pre-rally levels, indicating its strength. He attributed the bottoming out
US lawmaker Wiley Nickel has taken a stand against the SEC’s Staff Accounting Bulletin 121 (SAB 121), calling for its repeal before an impending Senate vote. This bulletin mandates financial institutions custodying crypto assets to include them on their balance sheets. Many stakeholders in the industry have voiced their concerns about the regulation, arguing that
Russian energy firms are gearing up to target private individuals who are mining cryptocurrency at home, according to a recent report. The Russian Government Expert Council is said to be preparing to present new mining-related proposals to the Cabinet, which will be bundled into a set of crypto laws. These laws also include plans to