In November 2019, Upbit, one of South Korea’s preeminent cryptocurrency exchanges, fell victim to a massive cyberattack that resulted in the theft of approximately $50 million worth of Ethereum (ETH). This incident marks a significant and alarming shift in the landscape of cybercrime emanating from North Korea, particularly involving state-sponsored hacking groups such as Lazarus
In the ever-evolving world of cryptocurrency, few narratives are as captivating as that of Samuel Edyme, known fondly by his nickname, HIM-buktu. His entry into the crypto sphere was not marked by immediate success or fortuitous opportunities—but by the harsh lesson of being ensnared in a Ponzi scheme that exploited the allure of digital currency.
The emergence of blockchain technology has revolutionized not just financial transactions but also the way we interact with virtual environments. At the forefront of this shift is My Neighbor Alice (MNA), a metaverse game that has captivated players since its launch in early 2023. As it stands, MNA is not just a gaming experience; it’s
Gary Gensler is set to conclude his role as Chairman of the U.S. Securities and Exchange Commission (SEC) on January 20, 2025, coinciding with the inauguration of President-elect Donald Trump. This announcement marks a significant transition within the agency that oversees the nation’s financial markets. Gensler, who assumed his position in April 2021, reflects on
On November 21st, the Sui Network, a Layer 1 blockchain developed by former Meta engineers under Mysten Labs, encountered a significant disruption that halted all block production on its platform. This unexpected event lasted for two hours, leaving its mainnet in a state of paralysis and raising questions about the network’s reliability. Upon resuming, the
In recent times, the Shiba Inu community has found itself targeted by fraudsters looking to exploit the enthusiasm surrounding this popular meme coin. As the digital currency market experiences fluctuating yet often bullish trends, bad actors have taken advantage of the scenario, impersonating legitimate developers to promote counterfeit tokens. As a segment of the cryptocurrency
In a significant victory against cryptocurrency cybercrime, South Korean authorities announced the recovery of 4.8 Bitcoin (BTC) linked to the notorious 2019 hack of the Upbit exchange. This event, reported on November 21 by Yonhap News, marks a crucial moment in the country’s effort to combat cyber-related theft, especially those orchestrated by foreign actors. The
Ethereum, as the second-largest cryptocurrency by market capitalization, has recently shown signs of consolidation following a four-month high of $3,420. Despite its prominence, Ethereum has been somewhat overshadowed in this ongoing bull run, where Bitcoin has captured much of the investor attention and excitement, demonstrating a robust price surge. This situation raises questions about Ethereum’s
As Nikolai Durov celebrates his 44th birthday, the technology community is buzzing with excitement over the debut of the NikolAI NFT series. This initiative is not just a celebration of Durov’s extraordinary contributions as a mathematician, cryptographer, and the co-founder of Telegram; it is also a bold step into the future of digital engagement within
The digital asset space in the UK is on the brink of transformation with the anticipated launch of the GBPA, a stablecoin anchored in pound sterling. Agant, the company behind this initiative, recognizes the urgent need for regulatory solutions within the fast-evolving digital asset landscape. With a growing base of over 6 million users and