Seven V Global executives have been found guilty of misappropriating 2 trillion KRW ($1.9 billion) in the latest verdict on Friday, as per reports. While the six of them will serve varying jail-time of up to 14 years, former CEO Lee Byung-gul has been sentenced to 22 years in prison. The development comes as prosecutors […]
On Tuesday, the U.S. Department of Justice (DOJ) arrested two individuals that are accused of an “alleged conspiracy to launder” 94,636 bitcoins stolen from Bitfinex in 2016. Interestingly, both of the suspects are known individuals within the tech industry as Ilya Lichtenstein was the co-founder of Mixrank, a Y-Combinator backed startup and Heather Morgan was […]
Ethereum’s scaling issues and high transaction fees are general knowledge these days for almost anyone in the crypto world. The great thing about having one’s weaknesses exposed in such an open manner is that it also invites others who want to defend and protect it as it undergoes its evolution. ETH 2.0 is the path forward that […]
Jump Trading group literally jumped in to get Wormhole back on track and restore the missing funds from the recent hack worth $320 million in wrapped Ethereum as we reported in our Ethereum news. A wormhole is a popular cross-chain crypto bridge between Ethereum, Avalanche, Solana, and others and it got hacked a day ago […]
The FBI issued a warning last week that detailed how cybercriminals are tampering with QR codes in order to redirect victims to malicious sites that steal login and financial information. Throughout the COVID-19 pandemic, businesses have used QR codes more frequently in order to provide convenient contactless access to customers. However, cybercriminals have taken advantage of this […]
A hacker helps to recover stolen crypto from the Trezor wallet worth $2 million as we are reading more in our latest cryptocurrency news. The computer engineer who is also a hardware hacker helps to recover stolen funds from a Trezor wallet containing $2 million. The New York-based entrepreneur Dan Reich was relieved after the […]