Security News

Brazilian authorities could soon lift the ban on Elon Musk’s social media platform X after the company paid 28.6 million Brazilian reais (approximately $5.5 million) in fines. According to local media reports, on Oct. 7 X cleared the latest requirement on its path to returning online. In late August, Brazil’s Supreme Federal Court suspended X for failing to […]

United States Bankruptcy Judge John Dorsey has approved a plan for defunct cryptocurrency exchange FTX to wind down its operations as part of efforts to repay users. In an Oct. 7 hearing in the US Bankruptcy Court for the District of Delaware, Judge Dorsey approved FTX’s liquidation plan. The plan will allow the exchange’s debtors […]

Cryptocurrency-friendly neobank Revolut said it has prevented millions of dollars in potential customer losses from fraudulent crypto transfers over the past three months Revolut said on Oct. 7 that it blocked up to $13.5 million worth of “potentially fraudulent crypto transfers” between June 1 and Sept. 1, 2024, according to an announcement sent to Cointelegraph. […]

A European Central Bank (ECB) official has introduced the idea of a “European ledger” — a continental unified ledger. Such a blockchain could bring European digital assets and money together in one place, leading to greater efficiency and synergy. ECB executive board member Piero Cipollone said Europe’s traditional capital markets are fragmented and have unharmonized legislation to […]

Weekly sales volumes of non-fungible tokens (NFTs) have hit the highest level since August after weeks of lagging sales amid a broader market downturn. Data from the NFT market tracker CryptoSlam! shows weekly sales between Sept. 30 and Oct. 6 topped out at over $84.9 million. It’s the highest weekly NFT sales volumes since the week ending Aug. 25, when […]

Japanese investment company Metaplanet has made another Bitcoin purchase, bringing its stash to nearly 640 Bitcoin and sending its stock surging over 10%. On Oct. 7, Metaplanet announced its latest Bitcoin purchase as the Tokyo-listed firm scooped up another 108.78 Bitcoin BTC$63,676.96, worth roughly $6.92 million at its current price of around $63,600. Metaplanet, which has been dubbed […]

Department of Homeland Security investigators say they’ve thwarted hundreds of ransomware cyberattacks before they occurred and have seized billions of extorted crypto since 2021. United States government agencies were the top targets, accounting for 21% of the disrupted hacks, more than any business sector, Mike Prado, the deputy assistant director of Homeland Security Investigations (HIS) […]

Toy manufacturer LEGO Group has reportedly removed a “LEGO Coin” token scam that briefly appeared on its homepage after being hacked on Oct. 5, reports state. X user and LEGO enthusiast “ZTBricks” was among the first to spot the scam, which promised “secret rewards” to those who bought LEGO Coin, several screenshots on X show: “Our new […]

Attorneys for Coinbase urged Southern District of New York judge Katherine Failla to reconsider an interlocutory appeal filed on behalf of the exchange in April 2024 — citing the Securities and Exchange Commission’s (SEC) recent notice of appeal in the Ripple lawsuit. According to an Oct. 5 letter, lawyers for Coinbase argued that the SEC’s […]

Ethereum restaking protocol EigenLayer assured the community that its protocol has no vulnerabilities after an incident where almost $6 million in tokens were stolen from an investor. On Oct. 4, the EigenLayer team said it was investigating an “unapproved selling activity” concerning a wallet ending in “f10D.” The wallet address sold about 1.6 million of EigenLayer’s EIGEN […]