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US state regulators report a 'sharp rise' in tech and digital asset related investigations

In 2023, U.S. state regulators mainly investigated digital assets, social media fraud, and staking, with notable increases in related cases and focused regulatory actions.

theblock.co • 24/10/2024 - 19:24 PM

The Daily: Stripe acquires stablecoin platform Bridge for $1.1 billion, crypto markets 'scream risk-on' and more

Stripe acquires Bridge for $1.1 billion; crypto market shows risk-on sentiment; Japan proposes reduced crypto tax rates; Transak suffers data breach affecting 57,000 users.

theblock.co • 21/10/2024 - 17:37 PM

Transak discloses data breach affecting nearly 100,000 users, Stormous ransomware gang claims responsibility

Transak, a Miami-based fiat-to-crypto payment gateway used by major blockchain platforms, disclosed on Sunday it suffered a data breach affecting 1.14% of its users. Stormous ransomware gang, which claims responsibility for hacking web3 identity solution Fractal ID, also says it is behind the Transak exploit.

theblock.co • 21/10/2024 - 15:46 PM

Tapioca DAO stops 1,000 ETH worth $2.7 million from being stolen following exploit that drains majority of its funds

The Tapioca DAO experienced a significant exploit, resulting in a 95% TAP token price drop and the theft of $4.5 million in cryptocurrencies, amid recovery efforts.

theblock.co • 18/10/2024 - 20:30 PM

The Daily: DBS introduces tokenized banking services, BlackRock's Bitcoin ETF attracts $1 billion in less than a week and more

DBS, Singapore’s largest bank, has launched “DBS Token Services,” a new suite of blockchain-based products designed to enhance liquidity management and streamline operations for institutional clients. BlackRock’s spot Bitcoin ETF added another $309 million in net inflows on Thursday, contributing to more than $1 billion worth of positive inflows for its IBIT product this week alone. The SEC filed a “Civil Appeal Pre-Argument Statement” late Thursday, seeking to challenge the U.S. District Court for the Southern District of New York’s prior judgment in its ongoing case against Ripple. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 18/10/2024 - 18:16 PM

EigenLayer’s official X account hacked to promote fake airdrop

EigenLayer's official X account was hacked, promoting false token reallocations. Users were warned not to click suspicious links amid increasing social media crypto scams.

theblock.co • 18/10/2024 - 11:09 AM

US sentences man to 5 years in prison for $20 million crypto fraud involving fake Coinbase website

An Indian national, Chirag Tomar, was sentenced to 60 months in prison for stealing over $20 million from victims using a spoofed Coinbase website.

theblock.co • 18/10/2024 - 09:38 AM

Radiant Capital appears to suffer $51 million exploit on its BNB Chain and Arbitrum instances

Radiant Capital is facing an exploit resulting in losses of $51 million, with security concerns regarding their contracts on Ethereum Layer 2 and BNB Chain.

theblock.co • 16/10/2024 - 18:39 PM

The Daily: Cosmos co-founder blames Iqlusion over North Korea-linked security risks, Italy plans 42% capital gains tax on bitcoin and more

Jae Kwon criticizes Iqlusion over security issues; Italy raises bitcoin tax to 42%; US seeks shorter sentence for Bitfinex hacker; TON blockchain partners with Axelar; Trump promotes crypto.

theblock.co • 16/10/2024 - 17:35 PM

US prosecutors call for reduced five-year prison sentence for 2016 Bitfinex hacker Ilya Lichtenstein

U.S. prosecutors seek a five-year sentence for Ilya Lichtenstein over the Bitfinex hack, highlighting cooperation in investigations. His wife, Heather Morgan, faces an 18-month sentence.

theblock.co • 16/10/2024 - 13:44 PM

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