Security News

Tether, the issuer of the world’s largest stablecoin, USDT, has calculated to forgo its own blockchain launch, citing market saturation and strategic concerns. According to an interview with Bloomberg News, the company’s CEO, Paolo Ardoino, explained that the stance comes from analyzing the blockchain space and a crowded market. Ardoino stated that the firm launching […]

SOS Limited, a blockchain-based service solution provider, has received a noncompliance letter from the New York Stock Exchange (NYSE) due to underperforming stock prices. The trading price of its American depositary shares (ADSs) has dropped below $1 over a consecutive 30-trading-day period. SOS is legally required to bring its share price and average share price […]

Texas-based telecommunications company Lingo Telecom has been hit with a $1 million fine by the United States Federal Communications Commission (FCC) for its involvement in the illegal Biden deepfake scam. The scam involved using an artificial intelligence-generated recording of President Joe Biden’s voice, which was spread via robocalls to discourage people from voting in the […]

Bankrupt crypto trading platform FTX claims its amended reorganization plan gained overwhelming preliminary support from creditors entitled to vote. In an announcement, FTX and its affiliated debtors said that its amended reorganization plan filed with the United States Bankruptcy Court for the District Court of Delaware received majority support from all classes of creditors that were qualified […]

Yassamin Ansari, a Democrat running to represent Arizona’s 3rd Congressional District in the United States House of Representatives, has won a recount against her fellow party member Raquel Terán by only 39 votes. According to an Aug. 20 report from the Associated Press, Arizona officials announced that Ansari was the winner of a recount between Democratic candidates […]

Authorities in Montenegro said they have arrested Roman Ziemian, the co-founder of the alleged crypto fraud scheme FutureNet, which is suspected to have stolen around $21 million in an elaborate crypto fraud scheme. A specialized police unit found Ziemian was using a false identity and living in the country’s capital Podgorica, the country’s Police Directorate […]

Abu Dhabi’s financial regulator plans to supervise fiat-referenced tokens (FRTs), a type of stablecoin, in response to calls from stakeholders seeking its issuance. The regulator has invited public feedback on a proposed regulatory framework. The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) said that FRT issuers will be subject to operational restrictions […]

The most expensive piece from the CryptoPunks non-fungible token (NFT) collection was transferred for an undisclosed amount as interest in digital collectibles wanes. In 2022, NFT investor Deepak Thapliyal acquired CryptoPunk #5822, a rare alien punk wearing a bandana, for 8,000 Ether. The transaction, worth $23.7 million at the time, was hailed as the highest […]

The $10 million Ronin bridge exploit on Aug. 6 was caused by a faulty upgrade deployment script, according to a report from blockchain security firm Verichains. The upgrade reduced the voting threshold for validators to zero, essentially allowing any user to withdraw from the bridge “without signature,” Verichains stated. The bot’s owner later returned most of […]

Going against the mainstream wave of artificial adoption, illustration and animation app Procreate will not integrate generative AI elements or features into its digital painting products. Procreate CEO James Cuda shared his distaste for the use of generative AI in digital art in a video captioned, “We’re never going there. Creativity is made, not generated.” […]