DeFi-type projects received the highest number of attacks in 2022: Report
A new Web3 security report from Beosin revealed that of the 167 major security exploits DeFi projects saw the most, at 113 attacks. It’s no secret that in 2022 the world of Web3 and decentralized finance (DeFi) experienced a slew …
FTX spent $40M on food, flights, and hotels in just 9 months: Court filings
FTX did not hold back on company expenses in the Bahamas, according to court documents. FTX’s Bahamian company spent a staggering amount of money on luxury hotels and accommodation, flights, and food just nine months before the exchange’s collapse, court …
Swyftx to chop its ‘Earn’ program this week, citing murky regulations
Australian crypto exchange Swyftx has decided to close its Earn program due to a lack of clarity around crypto products regulation. Australian crypto exchange Swyftx is set to shutter its crypto-interest product this week, citing a “constantly changing regulatory landscape” …
Nifty News: Fake Pokémon NFT game spreads malware, ‘Jai Ho’ singer to launch metaverse and more
Software used to access computers remotely has been inserted in a phishing website fronting as an NFT card game for the popular Pokémon franchise. Hackers hide malware in fake NFT game A phishing website purporting to offer a Pokémon-branded nonfungible …
Logan Paul backflips on defamation lawsuit against Coffeezilla, apologizes
Logan Paul has deleted his response video aimed at Coffeezilla and has apologized in a surprise u-turn. YouTuber Logan Paul has deleted a video in which he threatened to sue internet detective Stephen “Coffeezilla” Findeisen over a three-part series that painted …
Why DeFi should expect more hacks this year: Blockchain security execs
One reason is that “hackers have gotten smarter, gained more experience, and learned how to look for bugs,” according to the founder of a crypto auditing firm. Decentralized finance (DeFi) investors should buckle themselves up for another big year of …
Mexico’s digital peso delayed, unclear launch date
Mexico’s central bank is currently working on legal, administrative, and technological requirements for the peso’s digital version. Mexico’s central bank digital currency (CBDC) development is still in an initial phase, and it is unlikely to be ready for launch by …
Digital Currency Group under investigation by U.S. authorities: Report
U.S. authorities are reportedly investigating internal transfers from Digital Currency Group to its subsidiary Genesis. Crypto conglomerate Digital Currency Group, or DCG, are under investigation by the United States Department of Justice’s Eastern District of New York (EDNY) and the …
Bitcoin, Sango Coin and the Central African Republic
The Central African Republic adopted Bitcoin and swiftly created its own token, Sango Coin. But where did Sango Coin come from, and why is it necessary? In the spring of 2022, the Central African Republic (CAR) became the first African …
Wyre imposes up to a 90% withdrawal limit for all users
Wyre imposed a daily withdrawal limit on its platform subject, citing “the best interest of our community.” Crypto payment platform Wyre modified its withdrawal policy to limit users from cashing out up to 90% of their assets just days after …