Security News

Researchers at the Checkmarx cybersecurity firm sounded the alarm on a dangerous form of malware uploaded to the Python Package Index (PyPI) — a platform for Python developers to download and share code — that steals private keys, mnemonic phrases, and other sensitive user data. According to the firm, the malware was automatically uploaded by […]

The United States Federal Bureau of Investigation used a fake artificial intelligence fund crypto to catch alleged fraudsters engaged in market manipulation. According to an Oct. 7 indictment in Massachusetts Federal District Court, the coin, which the agency called “NexFundAI (NEXF),” was presented as a crypto security that claimed to represent shares in an AI-related […]

A new AI-powered deepfake tool called ProKYC that allows nefarious actors to bypass high-level Know Your Customer (KYC) measures on crypto exchanges demonstrates a “new level of sophistication” in crypto fraud, cybersecurity firm Cato Networks said. In an Oct. 9 report, Cato Networks’ chief security strategist Etay Maor said the new AI tool represents a significant step up […]

Tezos network stakers Josh Jarrett and his wife Jessica Jarrett have again filed a lawsuit against the Internal Revenue Service over its tax treatment of their tokens. In the fresh Oct. 10 complaint filed in a Tennessee federal court, the Jarretts argue that their tokens created through staking should be treated as property and taxable only upon their sale, […]

Crypto exchange-traded fund (ETF) issuer Fidelity Investments confirmed a data breach compromised the personal information of over 77,000 of its customers. On Oct. 9, Fidelity filed with Maine’s Attorney General stating that 77,099 of its customers were impacted by a breach — a fraction of its 51.5 million customer base. An attacker accessed customer names and other […]

Cardano is now host to the first legally enforceable smart contract on its network, which was signed in and is under the jurisdiction of Argentina’s courts. The contract is a loan agreement between Cardano ambassadors Mauro Andreoli and Lucas Macchia for 10,000 Cardano ADA$0.3398 tokens — worth $3,380 — payable in 4 months at an interest rate […]

Three so-called market makers in the crypto space, along with associated individuals, have been charged by the United States Securities and Exchange Commission (SEC) with fraud and market manipulation in civil suits filed in the District Court of Massachusetts. The Justice Department and Federal Bureau of Investigation (FBI) were also involved in the investigation. The […]

Former FTX Digital Markets co-CEO Ryan Salame, scheduled to report to a federal correctional institution for a seven-and-a-half-year sentence, asked a judge to delay his self-surrender date by roughly two months. In an Oct. 9 filing in the United States District Court for the Southern District of New York, Salame’s lawyers requested he be allowed […]

The government of Palau has launched Palau Invest, a “blockchain-based savings bonds prototype system.” Since the prototype is complete, a public demonstration system has been initiated as well. Japan’s Ministry of Economy, Trade and Industry and the Soramitsu blockchain are supporting the project, which is intended to provide funds for the country’s infrastructure projects. Bond […]

Tradias, the digital assets arm of the German-licensed and regulated Bankhaus Scheich, has received a securities trading bank license from the German Federal Financial Supervisory Authority (BaFin). In addition, Tradias just completed a Series A round of funding. Tradias had leveraged Bankhaus Scheich’s BaFin license previously. Tradias heading out on its own? Tradias hinted broadly […]