Crypto Industry News
The crypto industry is quite turbulent, but also innovative, impactful, or even fun. Many dozen events of all kinds happen each day, giving crypto enthusiasts plenty to keep them interested.
We dig for the best stories to share them with readers and have quite a few news categories here on TradeCrypto for all these stories. But whatever news on the many crypto companies and events doesn’t fit anywhere else, goes in the general crypto industry news.
U.S. Treasury Fines Bittrex $53 Million
The U.S. Treasury Department has fined the crypto exchange Bittrex based in Washington for a total of $53 million – the largest crypto fine issued by this institution so far. According to the Treasury, Bittrex has violated the U.S. sanction restrictions by allowing users from Cuba, Iran, Sudan, Syria, and Ukraine’s Crimea region to use […]
Binance Smart Chain Hacked for $100 Million
Binance Smart Chain has paused its operations following the exploit which saw the attacker take off with some $100 million. In addition, according to blockchain security company SlowMist, there is more than $400 million worth of crypto that was frozen on the BNB Chain before the hacker was able to pocket the money. The cross-chain […]
SEC Puts a Stop to $12 Million Ponzi Scheme in Texas
After last month’s news of a notable crypto Ponzi scheme, here’s another such case. This time, the U.S. Securities and Exchange Commission (SEC) is after Mauricio Chavez and Giorgio Benvenuto, who are involved in fraud targeting the Latino community in Houston, Texas. While Chavez has no experience with cryptocurrency, he has been teaching a class […]
Mastercard Launches Crypto Security Tool
Mastercard has launched its new service – Crypto Secure. The service will assist banks with preventing fraud involving 2,400 crypto exchanges within Mastercard’s network. Crypto Secure is developed by CipherTrace, a blockchain security company that Mastercard acquired last year. Their project is an offshoot of a similar service that handles fiat currency, which Mastercard was […]
Kim Kardashian Settles with SEC for $1.2 Million
U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Kim Kardashian. The celebrity was charged for failing to disclose that she had received a $250,000 payment for promoting the EthereumMax (EMAX) crypto on her Instagram profile. Kardashian immediately settled with the SEC for $1.26 million. EMAX was promoted in a ramified influencer campaign. […]
Hacker Returns 70% of Funds Stolen in Transit Swap Exploit
Another day, another crypto hack, but this one has a happy ending. Following the $23 million exploit of the DEX aggregator Transit Swap, the attacker has now returned 70% of that sum, with the rest expected to follow soon. According to the blockchain security company, PeckShield, the hacker took advantage of a bug in Transit’s […]
Hacker Organization Lazarus Targets Crypto.com
The North Korean hacker group Lazarus strikes again. After previously targeting Coinbase in August, it has now executed a malware attack linked to another prominent crypto exchange, Crypto.com. Lazarus is a well-known hacker organization allegedly backed by the North Korean government. In February, a United Nations report indicated that North Korea had used the funds […]
FTX US Purchases Voyager Digital’s Assets for $1.4 Billion
Crypto exchange FTX US has beaten Binance and CrossTower in a bid to purchase the assets of the bankrupted crypto brokerage company, Voyager Digital. The deal is worth a little over $1.4 billion. Back in July, Voyager was one of the many companies that ran into trouble due to the harsh crypto winter. Specifically, the […]
Interpol Issues Red Notice for Capture of Do Kwon
Some two weeks following the warrant for the arrest of Do Kwon in South Korea, Interpol has now issued a “Red Notice” – request to law enforcement worldwide to locate and capture the Terraform Labs co-founder. Do Kwon and five of his associates are wanted in connection to Terra’s market crash, which took place in […]
Veritaseum Capital Sues Coinbase for $350 Million
Blockchain software firm Veritaseum Capital has filed a lawsuit against one of the leading crypto exchanges, Coinbase. According to the lawsuit, the crypto exchange has illegally been using Veritaseum’s patented technology for secure crypto payment transfers. Some of Coinbase’s services relying on this tech include Coinbase Pay, Commerce APIs, and iOS and Android wallets. Due […]
