Billion-dollar bombshell: Do Kwon and Terraform Labs embroiled in $4.5 billion SEC penalty! Explosive new evidence suggests a shocking conspiracy behind the catastrophic collapse of Terra, LUNA, and UST. Could Do Kwon and Daniel Shin orchestrate the fall of Terra from the beginning?
ZoeyThe federal regulator established that the stablecoin issuer and its founder provided misleading information to investors.
CatherineProsecutors seek stricter bail conditions for Binance founder Zhao, citing flight risks due to wealth and connections. Despite legal hurdles, Binance saw a 30% increase in users, potentially boosted by smooth leadership transitions and Zhao's positive reputation.
WeatherlyTerraform Labs founder Do Kwon went from being a billionaire to Montenegro jail. What happened?
ZoeyThe United States Securities and Exchange Commission (SEC) has amplified its scrutiny of Terraform Labs by forming a partnership with the South Korean government.
BrianNY Attorney General sues AWS Mining and NovaTech for billion-dollar pyramid scheme targeting Haitian community. Firms accused of defrauding 11,000 residents with false crypto investment promises.
Huang BoIn May 2024, more than 28 typical security incidents occurred, and the total loss caused by hacker attacks, phishing scams and rug pulls reached 454 million US dollars, an increase of about 349% from April. Among them, the attack incidents amounted to about 355 million US dollars, an increase of about 574%.
JinseFinanceThe "Tech Against Scams" coalition, comprising of Coinbase, Match Group, Meta, Kraken, Ripple, Gemini, and the Global Anti-Scam Organisation (GASO), has united to combat the escalating problem of online fraud and financial schemes.
CatherineBlockchain sleuths uncover $100 million scam in Myanmar using Tether tokens, revealing a cyberpunk thriller-like deception centered around KK Park. Despite blockchain's transparency, Tether and Tron facilitate fraud, prompting calls for regulatory action and industry collaboration.
Huang BoMailer Lite hit by a $600,000 phishing attack. Exploiting a system flaw, attackers impersonate web3 firms, draining wallets. Mailer Lite responds with investigation. Experts stress enhanced cybersecurity measures and user education.
EdmundBlockchain security firms alert crypto investors to brace for advanced phishing schemes and a surge in smart contract vulnerabilities in the upcoming year, emphasizing the deployment of AI-based scams as a major threat.
Huang BoThe SEC accuses Terra and Do Kwon of fraud in a legal showdown, supported by sealed evidence from an anonymous whistleblower. The case, overseen by Judge Rakoff, carries extradition threats, criminal charges, and reflects the growing regulatory challenges in the cryptocurrency industry.
Cheng YuanTerra’s website has been breached, with urgent phishing scam warnings being announced to warn users to avoid engaging with the terra(dot)money domain till there’re further updates.
CatherineThe Securities and Exchange Commission (SEC) has taken action against a Utah-based firm known as "DEBT Box," accusing its founders of defrauding investors in a cryptocurrency scheme valued at over $49 million.
DavinA link to a fake Louis Vuitton NFT sweepstakes was created to capitalize on a recent genuine collaboration between Beeple and the luxury fashion brand.
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