Crypto Weekly Roundup: Shocking updates

Crypto Weekly Roundup Shocking updates

Bitcoin Bitcoin’s meteoric rise continues as four consecutive days of record-breaking inflows into US Spot Bitcoin ETFs align with a surge in the cryptocurrency’s value. The past ten weeks of market turbulence have been swiftly overshadowed by this bullish trend. In a major move, investment titan Millennium Management has revealed a whopping $2 billion investment … Read more

Venezuela bans crypto mining to deal with energy crisis

Venezuela bans crypto mining to deal with energy crisis

The buzz is that the Venezuelan government is cracking down on power-hungry crypto-mining companies. According to AlbertoNews, the Ministry of Electric Power is ready to pull the plug on these energy-draining operations, which have been sapping the national power grid, SEN. The government’s ultimate goal is to balance energy usage and ensure a stable electricity … Read more

US Court Puts Freeze on 279 North Korean Linked Crypto Accounts

US Court Puts Freeze on 279 North Korean Linked Crypto Accounts

In a shocking turn of events, Justice Timothy Kelly has ordered the freezing and surrendering of several accounts to the U.S. government. Allegedly, these accounts are linked to the notorious North Korean crypto thefts. The exact sum of money involved has yet to be revealed, adding to the intrigue and mystery of this case. Dive … Read more

Chinese Authorities Nabbed Six in $300M Crypto Fraud Bust

Chinese Authorities Nabbed Six in 300M Crypto Fraud Bust

Six individuals have been taken into custody for their involvement in a massive cryptocurrency scandal, where they allegedly conducted illegal transactions worth a staggering 2.94 billion yuan, equivalent to a whopping $300 million. Cryptocurrency Scam Uncovered in Northeast China! The Public Security Bureau of Panshi has apprehended a group of suspects for running an illegal … Read more

Crypto Weekly Roundup: Trump Dabbles in Crypto, Institutions Dive into ETF and More

Crypto Weekly Roundup

As the SEC continues to delay their decision on Ethereum ETF applications, the anticipation only grows. Each week brings new speculation and excitement, wondering if this will be the week the SEC finally makes a move. Yet, despite the uncertainty, institutional investors are boldly jumping into ETF projects, undeterred by the regulatory indecision. Bitcoin Amidst … Read more

NFT trader loses $145k worth of BAYC in a phishing attack

NFT trader loses 145k worth of BAYC in a phishing attack

As the world of cryptocurrency continues to boom, one trader’s devastating loss serves as a cautionary tale. A cunning phishing attack targeted the highly coveted Bored Ape Yacht Club (BAYC) collectibles, leaving the victim reeling from a staggering $145,000 blow. On-chain security platform PeckShield drew attention to the activities in an X post on May … Read more

FTX’s Pre-Deadline $8.3 Million Crypto Transfers Raise Eyebrows: Here’s the Truth

FTX’s Pre-Deadline 8.3 Million Crypto Transfers Raise Eyebrows

Step into the unpredictable and ever-evolving world of cryptocurrency, where even the tiniest ripple can create a tidal wave of impact. As the deadline approached for FTX debtors to unveil their new strategy, a massive $8.3 million was suddenly transferred from wallets connected to the distressed FTX exchange and its ally Alameda Research.But what lies … Read more

Phishing Fiasco: WBTC Investor Bites the Dust, $71 Million Gone in a Flash

WBTC Investor Bites the Dust, 71 Million Gone in a Flash

In a jaw-dropping twist, a cunning phishing scheme has ensnared a WBTC investor, leaving them reeling from a staggering loss of over $71 million in WBTC. The prestigious blockchain security company, CertiK, has confirmed that the victim unwittingly transferred 1,155 WBTC to the hacker’s clutches. Attention has been drawn to the dangerous practice of “address … Read more

Crypto Nightmare: $69.3M Vanishes in Address Poisoning Scam

Crypto Nightmare 69.3M Vanishes in Address Poisoning Scam

Cybercriminals have pulled off a daring heist, making off with a staggering 1,155 wrapped Bitcoin. Tricking unsuspecting users into falling for malicious transactions. Imagine waking up one day to find that your cryptocurrency worth over $69 million has been stolen. That’s exactly what happened to a crypto user, as reported by blockchain security experts at … Read more

Losses from crypto hacks fell 67% to $60 million in April

Losses from crypto hacks fell 67 to 60 million in April

Buckle up crypto enthusiasts, because PeckShieldAlert has just announced a major drop in attacks on digital currencies. With a whopping 67% decrease from a staggering $187.6 million, April has proven to be a game-changing month for the crypto world. These malicious hackers have carried out approximately 40 attacks, but their reign of terror seems to … Read more