Day: December 9, 2024

Florida Bets Big: $1.85B Pension Fund Moves Into Bitcoin

Florida state officials announced a bold move to align with President-elect Donald Trump’s vision for a strategic Bitcoin reserve, revealing plans to invest $1.85 billion of the state’s pension fund into Bitcoin. The decision, led by the Florida Blockchain Business Association (FBBA) and backed by pro-Bitcoin state leaders, aims to diversify the investment portfolio and […]

Brooklyn DA Shuts Down 40 Fake NFT Marketplaces

An NFT scam investigation led Brooklyn’s District Attorney’s Office to uncover and shut down a network of 40 fake NFT marketplace websites, following a heartbreaking case in which an 85-year-old artist lost $135,000. The artist was targeted by a scammer posing as an art dealer on LinkedIn. The scammer convinced the victim to mint his […]

Ripple CEO Slams SEC, Reveals $150M Legal Bill

Ripple CEO Brad Garlinghouse made waves during a 60 Minutes interview on December 8, 2024, where he discussed Ripple’s prolonged legal battle with the U.S. Securities and Exchange Commission (SEC) and the broader regulatory landscape for crypto. Garlinghouse accused the SEC, under Chair Gary Gensler, of waging a “war on crypto.” He explained this was […]

Cardano X Account Hacked, $500K Scam Unleashed

The Cardano Foundation’s X account was hacked on Sunday, leading to two false announcements: the launch of a Solana-based token and a fabricated SEC lawsuit against the organization. The breach triggered confusion among Cardano (ADA) holders and traders, highlighting the ongoing security vulnerabilities on social platforms. False Token Launch on Solana The attackers first used […]

Coinbase Responds to Account Restrictions Amid Fraud Spike

Over the weekend, Coinbase customers took to X (formerly Twitter) to report unexpected account restrictions and delayed support responses. The exchange’s official support handle, @CoinbaseSupport, acknowledged the complaints, attributing the disruptions to a surge in fraudulent activity. “Please bear with us and don’t believe everything you see on Twitter,” Coinbase Support wrote in a thread. […]

DeFi Hacks Are Now a ‘Full-Time Job’ for Attackers

Hacking decentralized finance (DeFi) protocols has become a “full-time job” for professional attackers, according to Mitchell Amador, founder of blockchain security firm ImmuneFi. Speaking to Decrypt at Web Summit 2024, Amador described DeFi hacking as “an infinitely sustainable and viable business,” even as the broader crypto industry becomes safer. Crypto Security Is Improving While DeFi […]