Security News

As the 2024 US elections draw closer, digital assets have become a political issue for the first time, as industry executives and advocates apply pressure on candidates to pass pro-industry policies and embrace the future of money. Clear and comprehensive digital asset policy in the United States remains elusive, as regulators like the Securities and […]

The developer of the Mutant Ape Planet, a ripoff of the popular Mutant Ape Yacht Club (MAYC) non-fungible token (NFT) collection, was ordered by a court to forfeit $1.4 million and pay a $15,000 fine. On Nov. 1, United States District Judge Margo Brodie reportedly sentenced French national Aurelien Michel to a one-month lockup that he had already […]

Self-custodial cryptocurrency wallet SafePal is joining Telegram’s rapidly growing crypto ecosystem by launching a Mini App wallet on Messenger. SafePal officially introduced its Telegram Mini Wallet App on Nov. 2 after announcing pre-launch during a keynote at the TON Gateway event dedicated to The Open Network (TON) ecosystem. According to an announcement shared by SafePal, […]

The Union Bank of Switzerland (UBS) has rolled out a tokenized fund on the Ethereum blockchain network after highlighting the increasing interest among investors for tokenized financial assets. In a Nov. 1 statement, the bank launched the money market fund built on the Ethereum network as the “UBS USD Money Market Investment Fund Token,” also known […]

Crypto gaming platform Immutable has pledged to fight any potential enforcement action from the United States Securities and Exchange Commission after receiving a Wells notice from the regulator. In a Nov. 1 statement, Immutable said that while the SEC did not specify its allegations in the notice, it believes the agency’s claims are targeting the “listing […]

On Oct. 31, Binance revealed a partnership with Amazon Web Services (AWS) to leverage Amazon’s generative artificial intelligence to streamline the Know Your Customer (KYC) verification process and handle service requests on the Binance platform. According to the announcement, the new KYC system auto-fills user information, performs proof-of-address checks, and makes screening against World-Check reviews […]

The Blockchain Association, a cryptocurrency and blockchain advocacy group, reported that the United States Securities and Exchange Commission had cost companies at least $426 million in litigation involving digital assets since Gary Gensler took over as chair. In an Oct. 31 update to its “regulation by enforcement” page, the Blockchain Association (BA) reported that the SEC had […]

An unknown PR agency that claims to know the true identity of Bitcoin creator Satoshi Nakamoto says it will reveal this long-held secret in a press conference on Oct. 31, inviting attendees in London to “Meet Satoshi.” There are more than a few red flags about the announcement however. In an Oct. 30 press release, a […]

The front-end websites of several online crypto apps were compromised on Oct. 30 after attackers injected malicious code into an update of a popular and widely used animation library. Decentralized finance apps, including 1inch and TEN Finance, showed popups asking users to connect their wallet, which was actually for the crypto drainer “Ace Drainer,” crypto security […]

Cryptocurrency exchange Coinbase, one of the biggest partners of the political action committee (PAC) Fairshake and the Stand With Crypto political initiative, said it was optimistic about pro-crypto legislation going into a new Congress. In its shareholder letter for the third quarter of 2024, released on Oct. 30, the company said it was “prepared to work with […]