Australia’s securities regulator warns of the risks, volatility, and complexity of cryptocurrencies as ASX approves its first spot Bitcoin ETF. Investors advised to risk only what they can afford to lose. #BitcoinETF #Update @asic
Indian ED freezes ₹32 crore ($3.83M) from Highrich Group, accused of running a ₹1,500 crore ($179M) crypto Ponzi scheme led by K.D. and Sreena Prathapan. This follows a broader crackdown on illegal crypto activities. #Update #CryptoFraud
Gemini will pay $50M to defrauded investors of its Earn program and is banned from lending in NY. The settlement, announced by AG Letitia James, affects over 230,000 investors, including 29,000 New Yorkers. #CryptoRegulation
Ripple’s CLO Stuart Alderoty criticizes SEC Chair @GaryGensler’s use of “crypto-asset securities” and urges crypto investors to vote. Mark Cuban and Senators Hagerty and Durbin also express concerns over Gensler’s stance. #CryptoRegulations #Update
.@Gemini agrees to a $50M settlement over fraud claims related to its Gemini Earn program, affecting over 230,000 users. The deal includes restitution and a permanent ban on crypto lending in NY. #CryptoNews #Update
? At BTC Prague 2024, @Trezor launched the Trezor Safe 5, a secure hardware wallet with a color touchscreen and Shamir’s Secret Sharing backup system. Available in July 2024 for $169. Personal consultations via Trezor Expert at $99. #CryptoSecurity
Billionaire Mark Cuban criticizes SEC Chair @GaryGensler’s crypto stance, claiming it may affect Biden’s 2024 reelection due to tough regulations on U.S. crypto firms. #Crypto #SEC
The WA State DFI has alerted on a $310K crypto scam by Ethfinance, where an investor couldn’t withdraw funds after refusing to add money to a “smart contract.” #CryptoScam #CryptoAlert
UwU Lend suffers a second hack by the same attacker, losing $3.7M just days after a $20M theft. The hacker used funds from the first attack. #DeFi #Updates
? Crypto user Crypto LaLa loses $11M in 25 mins due to OKX exchange hack. Funds swiftly converted to Ethereum, bypassing 2FA and notifications. Urgent need for better security. #CryptoSecurity #CyberAttack
On June 12, 2024, @OKX confirmed a security breach via forged documents, impacting user accounts and leading to significant financial losses. New security measures have been implemented. #Crypto #SecurityUpdate
? Kauai, Hawaii police warn residents of scammers posing as officers to extort cryptocurrency fines. Never pay fines via crypto. Report suspicious calls to authorities. #CryptoScam #HawaiiNews
Crypto hacks cost nearly $19B, with 2023 seeing the most thefts. The U.S. faced $984M in losses. 75% of 2023’s stolen funds moved to DeFi. #CryptoCrime #BlockchainSecurity
Manhattan Supreme Court dismisses $80M lawsuit against @chainalysis. Plaintiff Blake Ratliff’s claims on stock options were deemed too late and unsupported by written agreements. #LegalUpdate #BlockchainNews
