US prosecutors have charged Soufiance Oulahya, presently in legal custody in Morocco, with stealing cryptocurrencies and NFTs worth $450,000 from a victim in Manhattan by creating a fake OpenSea marketplace in 2021. A release from the United States Attorney’s Office Southern District of New York said the defendant illegally obtained the seed phrase of the...Read More
A crypto wallet service – Klever – revealed that an already known exploit caused by low entropy mnemonic affected several users. The incident first came to light when users reported suspicious activity within their wallets earlier this week. As per the company’s update, the algorithm called Random Generation, used by Bip39 implementation, was previously used...Read More
Robert Kiyosaki, the author of several best-seller books, continues to display his support for bitcoin, gold, and silver above all other assets. In his latest tweet on the matter, he praised the aforementioned three assets while warning that the rich will get richer in the wake of the US government’s policies. Sticking With BTC The...Read More
The recently hacked cross-chain router protocol Multichain announced it is shutting down its operations, citing a lack of operational funds and information about its CEO Zhaojun, who is in the custody of Chinese police. The latest update provided by the team confirmed the rumors about the exec’s arrest. On July 14, Multichain took to Twitter...Read More
A twist in the tale came when, a third-party entity called “Eeon” submitted a motion to intervene in the ongoing lawsuit involving the US Securities and Exchange Commission (SEC), cryptocurrency exchange Binance, and its CEO Changpeng “CZ” Zhao. This intervention by “Eeon” introduces a new player into the legal battle between the SEC and Binance,...Read More
On July 13, Ripple scored a big win in its nearly three-year-long legal battle against the US Securities and Exchange Commission (SEC) after a court ruled that the majority of XRP sales do not fall under the classification of securities transactions. This has raised questions about the potential implications for cryptocurrencies, such as Solana (SOL),...Read More
The Ripple Vs SEC summary is finally out after much anticipation. The XRP community celebrates the victory for Ripple as Judge Analisa Torres has ruled that XRP is not a security as contended by the SEC. However, while this ruling settles the question of XRP’s classification, there remains a need for clarity regarding the implications...Read More
Lawyers representing Sam Bankman-Fried (SBF) requested Judge Lewis Kaplan to issue an order permitting certain people to visit their client without the necessity of security checks. Despite being allowed to reside at his parents’ house, the former CEO of FTX is subject to strict restrictions. He must wear an electronic monitoring bracelet, while a security...Read More
