Editor's Choice
Japanese authorities arrested 18 fraudsters for laundering $670,000 through the Monero cryptocurrency (XMR) after analyzing 900 transactions 💰
For the first time in history, Japanese authorities arrested a group of 18 fraudsters by analyzing Monero transactions. The criminals used this cryptocurrency to launder money, causing damage amounting to approximately 100 million yen ($670,000).According to Japanese media, the police tracked around 900 transactions related to Monero, which helped uncover the actions of the criminal group. The leader of the gang is suspected to be Yuta Kobayashi, who was arrested along with other participants on charges of money laundering and computer fraud.The investigation into the group began in August, shortly after the establishment of a new cybercrime unit, which was organized in April this year to combat the growing threats in the field of cybersecurity.
Russia and BitRiver will build data centers for crypto mining in BRICS countries and implement artificial intelligence projects 🎯
The Russian government and the largest crypto miner BitRiver announced plans to build data centers for mining in BRICS countries. The Russian Direct Investment Fund (RDIF) is participating in the project.BitRiver and RDIF will work on creating data centers in BRICS countries and developing projects in the field of artificial intelligence (AI), aiming to increase Russia's share in the global computing power market.BitRiver CEO Igor Runets noted that the project aims to create infrastructure for mining and the implementation of AI projects.Russia plans to use its experience to address the problem of power shortages for energy-intensive data centers.
The Indian exchange WazirX secretly transferred $72.13 million to Bybit and $1.5 million to KuCoin 💰 — after a hacker attack and withdrawal freeze
The Indian exchange has been accused of secretly transferring $75 million to global exchanges Bybit and KuCoin without users' knowledge. This was discovered several months after a hacker attack on WazirX in July 2024, raising questions about the platform's security.WazirX, which is under legal investigation, provided 240,000 wallet addresses to the court, but investors, especially in India, do not fully understand how this affects their assets.CoinSwitch, which holds funds on WazirX, was forced to use its own money to refund users and has filed a lawsuit. Data analysis showed that WazirX transferred $72.13 million to Bybit and $1.5 million to KuCoin without users' consent, further damaging its reputation and worsening legal issues.
Coincaex launches the BITPOS system in Panajachel, Guatemala, with support for BTC and other cryptocurrencies, increasing business profitability and promoting tourism in the Bitcoin Lake area 🌊
BITPOS enhances the security and efficiency of transactions, reduces costs for merchants, and increases their profits, contributing to economic growth. Coincaex, a well-known cryptocurrency exchange, has launched the BITPOS system in Panajachel, Guatemala, with the goal of promoting tourism in the Bitcoin Lake area.BITPOS allows local businesses to accept bitcoin and other cryptocurrencies, simplifying purchases for tourists without the need for currency exchange. Coincaex notes that BITPOS reduces costs and fosters financial inclusion at the local level.The technology is already in use in restaurants, stores, and other establishments in Panajachel, supporting economic development and attracting more tourists.
Stripe acquires stablecoin platform Bridge for $1.1 billion, bringing back USDC payments support on Ethereum, Solana, and Polygon 🚀
Dune Analytics announces integration with B3 Chain blockchain to enhance high-throughput, near-zero-fee Web3 gaming data analysis 🎮
IBX under fire: Orderly Network ends partnership, MEXC postpones ARTIC listing, participants demand return of 65,000 SOL after suspicious presale limit increase 💥
Russia redirects 78% of its oil exports to India and China, bypassing sanctions, strengthening energy ties with BRICS partners, while Saudi Arabia and China strike deals to sell oil for yuan 🌍💰
Ape On: a new platform on Solana with a token locking feature to protect investors, official mainnet launch on October 20, 2024 🛡️
WazirX presented 240,000 crypto wallets with user funds to the Singapore court after a 2,000 crore rupee hack, but the investigation revealed duplicate addresses and activity worth $2.6 million despite the suspension of operations 💰
The Constitutional Court of Montenegro temporarily suspended the extradition of former CEO of Terraform Labs, Do Kwon: a final decision on his case will be announced on October 20 📅
NHTSA has launched an investigation into 2.4 million Tesla vehicles with Full Self-Driving after four accidents, including a fatal one, in low visibility conditions 🚗
The Trump family receives up to 75% of the profits from the $WLFI cryptocurrency project of World Liberty Financial worth $337.5 million 💰
The Trump family has unexpectedly entered the cryptocurrency market with the $WLFI project from World Liberty Financial (WLF), which is associated with Donald Trump. According to data published by WLF, Trump and his relatives may claim 75% of the project's profits—this is 22.5 billion tokens worth $337.5 million.Interestingly, the Trump family has no legal responsibility for the company's activities, but their influence on the project and in the media sphere is evident. Donald Trump promotes himself as a defender of cryptocurrencies, while his sons act as "ambassadors of Web3." This is a strategic move, combining visibility with legal non-involvement.World Liberty Financial plans to offer lending and investment services in digital assets, but its financial structure raises questions: the remaining 25% of the profits go to Axiom Management Group, not to charity.The Trump family's influence in the crypto world could set a precedent for other politicians looking to leverage the potential of decentralized finance for personal gain.
A hacker hacked Tapioca DAO and stole 28 million TAP tokens, exchanging them for 1600 ETH and transferring the funds to USDT via Binance Smart Chain, leading to a 96% drop in the token price 🌐💰
The DeFi protocol Tapioca DAO suffered a major attack, during which the hacker withdrew 28 million TAP tokens from the smart contract. These tokens were exchanged for 1600 ETH, then converted into the stable coin USDT and transferred to Binance Smart Chain through the Stargate bridge.The mass sale of tokens led to their price collapsing from $1.43 to $0.05, representing a 96% loss in value.The attack began with a phishing hack of founder 0xRektor, which allowed the attacker to gain access to the tokens. The Tapioca DAO team has contacted the police and is cooperating with Binance in an attempt to recover the stolen funds.
Ireland's Criminal Assets Bureau cannot access $378 million worth of Bitcoin due to lost keys from 12 wallets 🌐
Ireland's Criminal Assets Bureau (CAB) has encountered a problem in trying to recover $378 million worth of Bitcoin seized from convicted drug trafficker Clifton Collins. Collins invested in Bitcoin in 2011-2012 and spread his assets across 12 virtual wallets, with passwords written on paper and stored in a fishing rod case. However, after his arrest, the case was lost, and access to the cryptocurrency is now gone. When the Bitcoin was seized in 2019, it was valued at $56 million. Authorities hope future technologies will help restore access to the funds.
The Kenya Revenue Authority (KRA) will introduce monitoring of cryptocurrency transactions through stock markets and connect M-Pesa for tax collection from December 25, 2024 💰
The Kenya Revenue Authority (KRA) is preparing a new way of taxing cryptocurrency transactions by monitoring the stock market. This system will be connected to cryptocurrency platforms to accurately track each transaction by time and value. The goal is to improve tax collection from cryptocurrencies in accordance with the law, which requires taxation of all cryptocurrency income.Additionally, KRA is implementing artificial intelligence and machine learning to combat tax fraud and increase transparency. An important step will be the use of the mobile payment system M-Pesa as a tax collector starting from December 25, 2024. However, these measures have sparked protests among young people who see them as an infringement on financial freedom.The government aims to make Kenya a leader in the digital economy but faces civil discontent, which may affect the success of the reforms.
Best news of the last 10 days
Bitfinex invested in the Plasma platform to scale the use of Tether (USDT) on the Bitcoin (BTC) blockchain with zero fees and DeFi support 🌍
Putin announced BRICS plans to introduce digital currency and create a cross-border payment system: 30+ countries ready to cooperate 💱
The SEC has approved the trading of options on spot Bitcoin ETFs from Grayscale, Bitwise, Fidelity, and ARK, which may increase liquidity and attract institutional investors 💼📈
BRICS presents a demo version of the decentralized payment system BRICS Pay for independent settlements, preparing for the summit in Kazan on October 22-24, 2024 💳
Russian scammers hacked The Cryptomist's account on X to promote fake Web3 job offers 💻
The hacking of The Cryptomist's account on the X platform attracted attention due to the actions of Russian scammers who used the account to promote fake job offers.ZachXBT warned the community about the risks of subscribing to compromised accounts. The scammers posted from The Cryptomist's account about a job vacancy in a Web3 project with remote work to attract interest. Many users responded, demonstrating how easily one can fall victim to scammers.If users directly contacted The Cryptomist, they were redirected to the "@wzwz_eth" account on Telegram, where login data for a website supposedly related to the project was requested. This is a scam, as legitimate platforms do not require such data for access.It is recommended to remain vigilant and not to provide personal information in such situations.
Judge Emeka Nwite postponed the case of Tigran Gambaryan, a Binance executive, to October 25 for an update on his health condition; the defendant, accused of laundering $35.4 million 💵, was absent from the hearing 🏥
Judge Emeka Nwite set October 25 to receive an update on the health condition of the detained Binance executive, Tigran Gambaryan, who was absent from the court hearing on charges of laundering $35.4 million.Gambaryan's lawyer, Mark Mordi, requested a postponement until next week to provide information on the health condition of his client. Prosecutor Iehanaho supported this request, noting the importance of the defendant's health. The judge agreed to delay the case, emphasizing that Gambaryan is already receiving medical care from well-known Nigerian doctors, although his lawyer claimed that surgery and higher-quality treatment outside the correctional facility were needed.
Ether.Fi has integrated Chainlink Proof of Reserve on Ethereum for transparency and the protection of staked assets, ensuring full backing and providing real-time reserve data 💎
Ether.Fi has implemented Proof of Reserve (PoR) from Chainlink to enhance transparency on the Ethereum blockchain. This step allows cryptographic proof that staked assets in the protocol are fully backed, strengthening user trust. Chainlink’s Proof of Reserve provides real-time reserve data through a network of oracles, ensuring that the protocol’s assets match its obligations.Ether.Fi chose PoR to strengthen trust in DeFi and prevent under-collateralization risks. The transparency and security provided by this technology attract new users and institutional investors, bolstering the platform's position.Chainlink PoR verifies reserves through oracles, transmitting data to Ethereum to confirm collateralization. This transparency helps Ether.Fi stand out from competitors and contributes to the platform's growth.
The Eigenlayer account on X was hacked: PeckShieldAlert reports phishing links with disguised previews and urges users to be cautious 🚨
The Eigenlayer account on X has been hacked, according to PeckShieldAlert. Users are warned not to click on phishing links from this account.Scammers disguised a fake link as X displays a preview of the official Eigenlayer website. The malicious link only becomes visible when the tweet is expanded. The attackers also added an anti-fraud image, making the scam appear more convincing.This incident highlights the danger of account hacks on X, especially in the crypto space. Users should remain vigilant and verify information from multiple sources before clicking on links, even if they appear official.