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Deepfake AI Scam Steals $2M from OKX User

Scammers have stolen $2 million worth of cryptocurrency assets from an OKX user using sophisticated deepfake AI techniques. The attackers exploited the identity of Lai Japanese Fang Chang, allegedly obtained from a leaked Telegram data breach. They accessed Chang’s OKX account through the “forgotten password” option and used deepfake videos to change his security settings, including his email, phone number, and Google authenticator. Within 24 hours, $2 million was drained from his account. OKX is helping the victim recover his account and has taken legal action against the attackers. This incident follows previous attacks on OKX, including a $430,000 exploit… Read More »Deepfake AI Scam Steals $2M from OKX User

Crypto Scandal: Epoch Times CFO Faces $67M Charges

Bill Guan, CFO of The Epoch Times, faces charges for allegedly laundering $67 million via crypto, according to an indictment unsealed on Jun. 3. Guan is accused of conspiring with the “Make Money Online” team to launder illicit funds through cryptocurrency, involving fraudulent unemployment insurance claims. U.S. Attorney Damian Williams noted that Guan allegedly lied about the origins of the funds to banks, claiming they were donations. The Department of Justice reports that The Epoch Times saw a 410% revenue increase during the scheme, from $15 million to $62 million. Guan faces severe penalties: one count of conspiracy to commit… Read More »Crypto Scandal: Epoch Times CFO Faces $67M Charges

Kaspa Soars 20%, Nears All-Time High

Kaspa’s native token, KAS, surged 20%, nearing an all-time high. This spike follows a June 3 post by trader Christian Ludwig, who identified potential catalysts for Kaspa reaching $1. Kaspa is designed for high-performance and scalable blockchain solutions. It uses the GhostDAG protocol, which enhances transaction speeds and eliminates orphan blocks. With a 200% increase in trading volume and an 18% price jump in the past 24 hours, KAS now ranks 26th globally. The token’s market cap stands at $4.09 billion. Kaspa’s hashrate, while lower than Bitcoin’s, is significantly higher than Ethereum Classic’s, making it more secure. The total supply… Read More »Kaspa Soars 20%, Nears All-Time High

Spot BTC ETFs See Record-Breaking Inflows for 4th Week

Spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. have started their fourth week with positive inflows, recording $105.1 million on June 3. This marks a significant streak of gains since May 10, with only one day of no inflows. VanEck Bitcoin Trust ETF and WisdomTree Bitcoin Fund also saw gains, recording $2 million and $1.1 million respectively. Notably, this is the second-longest positive run for BTC ETFs in the U.S., with 16 consecutive days of inflows. Bitcoin has been consolidating between $68,800 and $69,300, briefly touching a seven-day high of $70,230. Despite a 0.11% price decline, BTC’s market cap… Read More »Spot BTC ETFs See Record-Breaking Inflows for 4th Week