Security News

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 […]

David Carmona, the founder of the cryptocurrency “Ponzi” scheme IcomTech, has been handed a 10-year prison sentence for conspiracy to commit wire fraud. Carmona was the “mastermind” behind IcomTech, which “preyed upon working-class people by promising them complete financial freedom in exchange for parting with their hard-earned money,” United States Attorney Damian Williams said in an Oct. […]

Maximizing Bitcoin BTC$62,122.93 decentralization throughout the entirety of the stack is a matter of national security, Rajiv Khemani, co-founder and CEO of mining chip manufacturer Auradine, told Cointelegraph. The CEO explained that third-party firmware — which updates and changes over time — could theoretically be used to compromise the energy grid or launch a 51% attack on […]

The Hong Kong Virtual Asset Exchange (HKVAX) has become the third cryptocurrency exchange to receive licensing from the Special Administrative Region’s Securities and Futures Commission (SFC) to serve retail customers. It is the third exchange to receive full licensing in Hong Kong. HKVAX received Type 1 (dealing in securities) and Type 7 (providing automated trading […]

Brazil is incorporating decentralized finance (DeFi) principles into its development of an in-house “synthetic” central bank digital currency (CBDC), Drex, which was previously called the Brazilian digital real. Roberto Campos Neto, president of Banco Central do Brasil, highlighted the country’s need for a multidimensional CBDC that addresses the “trilemma” of decentralization, privacy and programmability — […]

A man who reportedly turned $88,000 into $415 million before losing it all has sued his investment firm and advisers for failing to provide adequate advice as he carried out risky trades. Christopher DeVocht claimed RBC Dominion Securities set him up with a margin account and substantial loans that ultimately backfired, wiping out his entire […]