Author: Anshul

Life Sentences for Crypto Scammers

South Korea’s financial regulator has warned that crypto scammers who defraud victims of more than $4 million (5 billion Won) could now face life sentences. This move marks a significant escalation in the country’s fight against cryptocurrency fraud and aims to protect investors from large-scale scams. A Response to Major Crypto Frauds The new legislation, […]

Binance Assists in Busting $47M Crypto Scam in India

Indian law enforcement, with crucial assistance from Binance, has arrested four individuals linked to the Fiewin gaming app. The suspects are accused of defrauding victims of approximately $47.6 million and laundering the funds using cryptocurrency. This collaboration underscores the vital role of public-private partnerships in combating sophisticated financial crimes. Unveiling the Fiewin App Scam The […]

OpenAI’s Twitter Account Hacked Again

OpenAI faced another security breach as one of its official Twitter accounts was compromised to promote a fake cryptocurrency. This incident marks the fourth time the ChatGPT developer has fallen victim to similar schemes, raising concerns about social media security for tech giants. Details of the Latest Hack The compromised account urged followers to claim […]

Bitcoin Options Market Launch

The Bitcoin Options Market Launch is just around the corner. There will soon be a regulated options market for U.S. Bitcoin ETFs. But what does that mean, and how will it impact the price of Bitcoin? A New Era for Bitcoin Investors On Friday, the U.S. Securities and Exchange Commission (SEC) greenlighted Nasdaq to list […]

Fraudster Ordered to Pay $36 Million in Crypto Scam

A federal judge has ordered fraudster William Koo Ichioka to pay over $36 million in crypto fines and restitution for his role in a fraudulent crypto and forex scheme. This significant legal action highlights the growing scrutiny on fraudulent activities in the cryptocurrency space. A Elaborate Ponzi Scheme Unveiled Ichioka presented himself as a “self-made […]

Bitcoin Options Hit Nasdaq

The U.S. Securities and Exchange Commission has approved a rule change that allows Nasdaq’s International Securities Exchange to list and trade options on the iShares Bitcoin Trust (IBIT), BlackRock’s widely-traded exchange-traded fund. This move marks a significant step in expanding Bitcoin-linked derivative products, providing investors with new tools to manage their exposure to the world’s […]

OpenAI’s GPT-o1 Raises Alarm

OpenAI’s newest AI model, GPT-o1, has sparked serious concerns among experts about its potential misuse in creating biological threats. William Saunders, a former technical staff member at OpenAI, testified before the U.S. Senate Committee on the Judiciary Subcommittee on Privacy, Technology, & the Law, highlighting the risks associated with this advanced AI system. Potential for […]

Drift Raises $25M for Solana DeFi Expansion

Drift, a decentralized finance (DeFi) platform, has secured $25 million in Series B funding to expand its Solana-based exchange. The funding round was led by Multicoin Capital, with participation from Blockchain Capital, Folius Ventures, Maelstrom, and Primitive, according to an announcement on X. Let’s understand how Drift’s series B funding contributes to Solana DeFi Expansion! […]