Tag: Report

US SEC files lawsuit against Celsius and Alex Mashinsky: Report

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The United States’ Securities and Exchange Commission (SEC) is reportedly taking action against Celsius Network, one of the cryptocurrency lending firms that collapsed in 2022. The securities regulator filed a lawsuit against Celsius’ former CEO Alex Mashinsky on July 13, according to a report by Bloomberg. Details of the complaint weren’t immediately available, the report said. The same report suggested that Mashinsky was also arrested on Thursday morning, following a probe into the company’s collapse. The report cited anonymous sources familiar with the matter. The action comes shortly after the…

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Multichain Executor has been ‘draining’ AnySwap tokens: Report

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A person is using the Multichain Executor to drain tokens associated with the AnySwap bridging protocol, according to a July 10 report from on-chain sleuth and Twitter user Spreek. The report follows outflows of over $100 million from Multichain bridges that occurred on July 7, which were reported by the Multichain team as “abnormal.” The Multichain Executor address has been draining anyToken addresses across many chains today and moving them all to a new EOA pic.twitter.com/gqDaXMBl96 — Spreek (@spreekaway) July 10, 2023 According to Spreek’s July 10 report, “The Multichain…

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HSBC rolls out cryptocurrency services in Hong Kong: Report

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Hong Kong and Shanghai Banking Corporation (HSBC) — the biggest bank in Hong Kong — has reportedly introduced its first local cryptocurrency services. HSBC has enabled its customers to buy and sell Bitcoin (BTC) and Ether (ETH)-based exchange-traded funds (ETFs), local journalist Colin Wu reported in a tweet on June 26. According to the report, HSBC will specifically offer cryptocurrency ETFs listed on the Stock Exchange of Hong Kong. At the time of writing, the exchange lists three crypto ETFs, including CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF and Samsung…

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Top metaverse property investments suffer massive losses: Report

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Prices of virtual lands on some of the top metaverses have declined significantly from their peak prices of 2022, with most depreciating around 90% in value. A study published by CoinGecko shows that popular metaverse properties, such as Otherdeeds, The Sandbox, Decentraland, Somnium and Voxels, have all depreciated in value during the period studied, from January 1, 2022, to May 24, 2023. Metaverse land prices comparison. Source: CoinGecko As shown above, the most expensive property at the time, Otherdeeds by Otherside, which once sold properties for 5 Ether (ETH), is…

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‘Inferno Drainer’ scam as a service has stolen $5.9M since March: Report

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A new scam as a service called “Inferno Drainer” has reportedly stolen nearly $6 million from unsuspecting crypto users, according to Web3 scam detecting firm Scam Sniffer. Inferno Drainer reportedly advertises that it provides ready-to-go code to scammers, allowing them to steal crypto in exchange for a 20% cut of the scammer’s crypto “loot”. 1/ Inferno Drainer, a scam vendor specializing in multi-chain scams, has stolen $5.9 million in assets from nearly 4,888 victims through over 689 phishing websites targeting popular projects.https://t.co/OEjdzHm2Ls — Scam Sniffer (@realScamSniffer) May 19, 2023 The…

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New survey says Bitcoin is safer than the US dollar — Watch The Market Report

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On May 17’s episode of The Market Report, analyst and writer Marcel Pechman discusses whether Bitcoin (BTC) is safer than the United States dollar, considering the risk of the U.S. government defaulting on its debt. He also covers why Bitcoin’s $28,000 resistance will not be a walk in the park and, finally, what is happening between Celsius, Ethereum and Lido staking. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel. The first news article covered discusses a Bloomberg Markets survey showing Bitcoin as a top three…

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US Justice Department on the hunt for DeFi hackers and thieves: Report

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The United States Department of Justice’s (DOJ) crypto tsar is cracking down on Decentralized Finance (DeFi) hackers and exploiters amid a four-year rise in illicit crypto activity. In a Financial Times report published on May 15, Eun Young Choi, director of the Justice Department’s National Cryptocurrency Enforcement Team (NCET), stated that the department is focusing on thefts and hacks involving DeFi, and “particularly chain bridges.” Choi said it was a “pretty significant issue” for the DOJ, given North Korean “state-sponsored hackers” have emerged as “key actors in this space.” North Korean hackers stole…

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