Bitcoin Bill Risks Centralization Warn Lawyers
The Philippine Senate considers Bill 1330, mandating blockchain for budget transparency amid corruption scrutiny, but experts warn of centralization risks. #Update #Blockchain
Crypto Security
Articles focusing on security measures, security breaches, preventive technologies, and best practices for safeguarding crypto assets.
Bitcoin Holds Steady Near $111K Amid Risks
Bitcoin remains steady near $111,000 amid global market caution due to China’s trade measures; total crypto market cap holds at $3.8 trillion. DOGE gains 4% daily. #Update #Crypto $BTC
Pi Network Launches Game-Changing PiUSD Stablecoin
Dr. Altcoin suggests @PiNetwork may launch a PiUSD stablecoin, enhancing AI and robotics transactions, as the altcoin struggles at $0.21 after a 95% drop from its peak. #Update #Crypto $PI
Oracle Problem Exposes Political Manipulation Risks
@Ammalgam highlights the risks of oracle dependency in DeFi, citing a $100M liquidation at Venus due to price feed manipulation, emphasizing the need for diversified pricing mechanisms. #Update #Crypto $LINK
US UK Sanction $1B Scam Network
The US and UK imposed sanctions on a Southeast Asia-based network for online scams, targeting Cambodian conglomerate Prince Group and its chairman, Chen Zhi.
Bitcoin Forfeiture: US Targets $14B Scam
The US seeks to seize $14 billion in Bitcoin linked to Chen Zhi’s pig butchering scam, highlighting efforts against transnational fraud. #Breaking #Legal @TheJusticeDept
Phishing Reports Launch to Combat Scammers
@SecurityAlliance has launched a tool to verify crypto phishing attacks, addressing over $400 million stolen this year. It enables researchers to confirm malicious content without accessing phishing sites. #Update #Crypto
WazirX Approves Hack Compensation Payments
WazirX receives Singapore High Court approval for a restructuring plan to compensate over 150,000 users affected by a 2024 hack, totaling $234 million in losses. Payouts via tokenized mechanism expected in 2-3 months. #Update #Crypto $BNB
WazirX Approves Restructuring for $230M Hack Victims
Singapore’s High Court approved @Zettai Pte. Ltd.’s restructuring plan, enabling Indian crypto exchange WazirX to reopen after a $230M hack, with operations resuming within 10 days. #Update #Crypto $WAZIRX
Crypto Trading Shocked by Auto-Deleveraging Risks
Auto-deleveraging (ADL) acts as a last resort in crypto perpetual trading, cutting profitable positions during extreme market stress to maintain solvency, as explained by @DougColkitt. #Update #Crypto $BTC $ETH
Bitcoin Trojan Exploits GitHub for Crypto Theft
McAfee uncovers Astaroth Trojan using GitHub to redirect malware, targeting South America for banking and crypto credential theft. #Update #Cybersecurity
CoinSwitch Secures $5M Post WazirX Hack
Zanmai Labs must provide Rs 45.38 crores in bank guarantees to CoinSwitch after the Bombay High Court ruling on WazirX’s July 2024 hack. #Breaking #Legal
Crypto Theft Hits $21M After Key Leak
Blockchain security firm PeckShield reported a $21M loss from a wallet hack on Hyperliquid due to a private key compromise, highlighting ongoing user-side vulnerabilities. #Breaking #Crypto $DAI
Hyperliquid User Loses $21M in Hack
A hacker stole $21M in crypto from a Hyperliquid user after their private key was leaked, with funds moved to Ethereum. #Breaking #Crypto #Security