Web3 Archives - Page 19 of 50

Illustration of cryptocurrency under investigation for fraud with legal documents and a magnifying glass.

California Residents Indicted in $22M Crypto Fraud Case

December 22, 2024 Dan K

California residents Gabriel Hay and Gavin Mayo indicted for a $22M crypto fraud involving NFT rugpulls and investor scams, facing decades in prison.

Tai Mo Shan settles with SEC for $123 million over TerraUSD collapse

Jump Crypto Subsidiary Tai Mo Shan Settles with SEC for $123 Million

December 22, 2024 Dan K

Jump Crypto’s Tai Mo Shan settles with SEC for $123M over misleading TerraUSD stability claims, spotlighting stablecoin risks and regulatory impact.

Image of Rostislav Panev, accused LockBit ransomware developer, linked to cybercrime activities involving cryptocurrency.

US Charges Developer Linked to LockBit Ransomware Group, Paid in Crypto

December 21, 2024 Dan K

The US DOJ charged Rostislav Panev for creating ransomware tools for LockBit, earning $230K in crypto. Arrested in Israel, he awaits US extradition.

Bitcoin

El Salvador to Discontinue Bitcoin Wallet Chivo in $1.4B IMF Agreement

December 20, 2024 Dan K

El Salvador will shutter Chivo wallet as part of a $1.4B IMF deal. Bitcoin remains legal tender, safeguarding BTC’s role in the nation’s economy.

Ilya Lichtenstein delivers a statement from prison, addressing his role in the 2016 Bitfinex hack.

Bitfinex Hacker Speaks Out After Sentencing: Ilya Lichtenstein Takes Full Responsibility

December 19, 2024 Dan K

Bitfinex hacker Ilya Lichtenstein speaks out from prison, taking full blame for the 2016 Bitcoin heist and absolving wife Heather Morgan of involvement.

Nigerian SEC building with digital currency symbols representing new cryptocurrency regulations.

Nigerian SEC Tightens Crypto Marketing Rules

December 19, 2024 Dan K

Nigerian SEC tightens crypto rules, requiring VASPs and influencers to gain approval for promotions. Penalties for violations include fines and jail time.

Namada Proposal Seeks Approval for NAM Airdrop to Coin Center Donors

December 18, 2024 Dan K

Namada proposes a NAM airdrop to Coin Center donors, funding advocacy efforts. 1–2M tokens, 2-4% of PGF budget, could be allocated in 3 weeks.

European Securities and Markets Authority building representing MiCA regulation guidelines release.

ESMA Releases Final Policy Guidelines on MiCA, Effective December 30

December 17, 2024 Dan K

ESMA unveils final MiCA guidelines, addressing crypto market abuse, investor protection, and operational resilience across the EU. Effective Dec 30, 2024.

ZkLend blockchain protocol exploited for $9.5M on Starknet network, with stolen funds bridged to Ethereum and laundered via Railgun.

Major Implications for Gaming Tokens as CyberKongz Hit with SEC Wells Notice

December 17, 2024 Dan K

SEC’s Wells notice to CyberKongz raises fears over gaming tokens’ future as Web3 platform vows to fight back against potential enforcement action.

Blockchain

Anchorage Digital Secures BitLicense from New York State

December 16, 2024 Dan K

Anchorage Digital secures BitLicense from NYDFS, paving the way for regulated crypto services to New York institutions. Full launch expected in early 2025.