One month ago, the U.S. Treasury Department banned the crypto mixing service tool, Tornado Cash, due to it being frequently used for money laundering and financing terrorist groups. Now, users finally have the option of withdrawing the funds they’ve deposited before August 8 – the date when Tornado Cash was officially banned. Former Tornado Cash […]

India’s Enforcement Directorate (ED) has now unfrozen the $8.14 million worth of crypto assets sitting on the WazirX crypto exchange. In August, we reported that ED was investigating India’s largest crypto exchange for its alleged involvement in money laundering on its platform. According to ED’s press release, 16 financial technology companies were suspected of using […]

Here’s another indicator of the rising cultural adoption of crypto. The oldest and arguably most prominent dictionary in the U.S., Merriam-Webster’s dictionary, has now added several crypto-related words to its lexicon. The two most significant additions are “altcoin” and “metaverse”. Altcoins are defined as belonging to a group of about 20,000 cryptos that aren’t Bitcoin, […]

Teens can now use a specialized crypto app, Stack, for the purpose of learning the basics of crypto trading and hodling. Apart from being an educational resource, Stack comes with its own crypto exchange and the option to trade with seven different cryptos, including Bitcoin, Ether, and Cardano. According to Stack’s representative, the app is […]

According to blockchain analytics firm, Chainalysis, it managed to trace some $30 million worth of crypto stolen in the Axie Infinity exploit. Thanks to Chainalysis’ efforts, law enforcement has since recovered the funds, which amount to some 10% of the overall sum taken from the NFT-based video game. The exploit took place in March 2022, […]

Florida resident Joshua David Nicholas has pleaded guilty to one count of securities fraud. He is charged for running a Ponzi scheme that took crypto traders for some $100 million. In a two-year period, Nicholas presented himself as a trader at the bogus crypto investment company EmpiresX. He claimed that he was an expert in […]

Stars of the UK’s reality show Love Island, Jessica and Eve Gale, have received a warning from the national Advertising Standards Authority (ASA). The twins, who are also social media influencers, have promoted crypto on their Instagram accounts in an irresponsible way. First, in June, Jessica Gale presented crypto as being a rather undemanding and […]

Lending protocol Nereus Finance is the latest victim of a flash loan exploit in the crypto industry. The hacker took off with $371,000 worth of USDC. How was Nereus exploited? First, the hacker used a custom smart contract and received $51 million from AAVE in a flash loan. Then, he manipulated the block price in […]

Australian Federal Police now has a specialized unit whose goal is to track and seize crypto linked to illicit activity. The unit is part of the broader Australian Criminal Assets Confiscation Taskforce (CACT). According to CACT’s representative, the formation of this team was necessary following the increasing involvement of crypto in criminal activities. Its members […]

Binance seems determined to become the hero of the crypto industry. In an independent investigation, the world’s largest crypto exchange in terms of trading volume has identified two suspects who are allegedly responsible for the KyberSwap attack. Last week, KyberSwap suffered a front-end exploit, losing $265,000 to the attackers. The decentralized exchange then unsuccessfully offered […]