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The Daily: Matter Labs cuts staff as ZKsync demand falls, SEC charges Galois Capital and more

Matter Labs trimmed its workforce by 16% as demand for ZKsync Era continues to fall. The SEC charged and settled with the crypto-focused investment advisory firm Galois Capital over custody issues. The entity behind the WazirX hack moved $6.5 million in ether to the sanctioned crypto mixer Tornado Cash. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 03/09/2024 - 17:21 PM

The Daily: Matter Labs cuts staff as ZKsync demand falls, SEC charges Galois Capital and more

Matter Labs lays off 16% of staff amid ZKsync demand drop; SEC charges Galois Capital; WazirX hacker transfers $6.5 million; Hypernative secures funding; Scottish court seizes bitcoin.

theblock.co • 03/09/2024 - 17:21 PM

CRIME

FBI says North Korean hackers are 'aggressively targeting' crypto employees

The FBI warns that North Korean cybercriminals are targeting web3 professionals to steal cryptocurrency, using social engineering tactics and sophisticated schemes, causing significant financial losses.

theblock.co • 03/09/2024 - 15:49 PM

CRIME

Scottish court seizes bitcoin belonging to 'brains' behind machete crypto robbery: report

A Scottish court seized £110,000 in bitcoin from John Ross Rennie, linked to a 2020 assault and robbery, marking the first traced stolen cryptocurrency in such cases.

theblock.co • 03/09/2024 - 14:49 PM

The Daily: OpenSea's Wells Notice, TON blockchain's outage, Hamster Kombat's token airdrop and more

OpenSea faces SEC action threats; TON experiences a six-hour outage; Sony unveils Ethereum Layer 2 testnet; Haru Invest's CEO assaulted; Hamster Kombat announces token airdrop.

theblock.co • 28/08/2024 - 17:15 PM

The Daily: OpenSea's Wells Notice, TON blockchain's outage, Hamster Kombat's token airdrop and more

OpenSea faces SEC action, TON blockchain outage, Sony's Ethereum Layer 2 testnet launched, and Haru Invest CEO attacked during trial; token airdrop announced for Hamster Kombat.

theblock.co • 28/08/2024 - 17:15 PM

The Daily: Telegram CEO arrest tied to cybercrime, Abra settles charges with the SEC, stablecoin market cap reaches all-time high and more

Telegram CEO’s arrest tied to cybercrime investigation of unauthorized ‘cryptology’ services, say French authorities Abra settles SEC charges of unregistered sale of crypto asset securities in Abra Earn Stablecoin market cap hits new all-time high, beating early 2022 record The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 26/08/2024 - 21:25 PM

China extradites $14 billion crypto pyramid scheme mastermind from Thailand

Zhang, linked to a $14 billion crypto pyramid scheme, was extradited from Thailand, marking a significant event under the China-Thailand extradition treaty implemented since 1999.

theblock.co • 23/08/2024 - 08:22 AM

Former congressional candidate with FTX ties Michelle Bond charged with unlawful campaign contributions

Damian Williams, the United States Attorney for the Southern District of New York, announced the unsealing of Bond’s indictment following back and forth between Bond’s partner and former FTX executive Ryan Salame and prosecutors on whether she should be investigated. Bond ran unsuccessfully for a U.S. House seat in 2022 in New York’s 1st district as a Republican. Soon after, prosecutors said Bond’s romantic partner, who was a “high-level executive at a Bahamas-based subsidiary of a now-defunct cryptocurrency exchange,” organized a “sham consulting agreement,” between Bond and the exchange.

theblock.co • 22/08/2024 - 18:04 PM

China heightens AML rulebook, making it easier to probe crypto-linked money laundering

China's legal authorities now classify virtual asset transactions as a means of money laundering, aiming to strengthen investigations while clarifying that cryptocurrency trading alone is not a crime.

theblock.co • 21/08/2024 - 09:49 AM

Currency