Tag Archives: AA News

Coinbase – the largest crypto exchange in the United States – announced that it is halting BUSD trading one week after the stablecoin’s issuer ceased minting new units of the token.  According to a tweet from Coinbase on Monday, the exchange will suspend trading for the token across Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime. Users can still access any BUSD held in their accounts, and withdraw it from the platform at any time.  “We regularly monitor...

Lendhub, a relatively small cross-chain crypto lending platform operating on HECO, was exploited to the tune of $6 million dollars earlier this January. Attack Possible Solely Due to Poor Coding The attack was carried out due to a poorly-executed removal of a deprecated IBSV cToken. Its replacement, which was already active, had an identical price point at the time, which allowed the unknown bad actor to manipulate the pricing and drain around $6 million worth of crypto from...

The US authorities alleged Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov – the founders of the dubious cryptocurrency investment platform Forsage – to have orchestrated a global pyramid scheme that conned investors with approximately $340 million. All defendants are charged with conspiracy to commit wire fraud and could receive a maximum penalty of 20 years in jail. Another Multi-Million Scam? A federal grand jury in the District of...

Most residents of McLouth, Kansas, reportedly criticized the potential construction of a cryptocurrency data center about a mile and a half north of the town.  Their main concerns are that the facility will harm the local environment and be very loud.  Not a Warm Welcome According to recent coverage, many residents of the small town of McLouth have frowned upon the possible construction of a cryptocurrency data processing center on top of a nearby natural gas field. Paul...

According to recent Bulgarian sources, Ruja Ignatova, a.k.a the “Cryptoqueen,” might have been killed in November 2018.  She is the founder of the fraudulent scheme OneCoin and was last spotted in Greece in 2017. More Evidence About her Possible Death Secret police documents seen by Bulgarian media outlets revealed that the notorious Ruja Ignatova might have been brutally murdered over four years ago. The hitman, acting on behalf of the local drug lord Hristoforos Amanatidis...

Nadeam Nahas – a 39-year-old former US state of Massachusetts employee – reportedly faces charges of placing a cryptocurrency mining operation in a remote space at a local school.  Court documents claim he stole nearly $17,500 worth of electricity to power his supercomputers. Revealing the Crime According to recent coverage, Nahas set up his crypto miner in the basement of Cohasset High School. Prosecutors insisted that he vandalized the facility and stole over $17,000 worth...

Blockchain intelligence company TRM Labs revealed that some major Russian-linked ransomware syndicates rebranded their activities in 2022 to avoid sanctions from Western countries. According to a new report published recently, the rebranding and other significant activities showed notable changes in the cybercrime space and darknet markets (DNMs) after Russia invaded Ukraine. Ransomware Operators Rebranded to Evade Sanctions In the wake of Russia’s invasion of Ukraine,...

Crypto mining saw severe losses last year as prices went south. Several notable players in the space slid into bankruptcy, while others had to take cost-cut measures and shut down branches. This was also reflected in the Canadian cryptocurrency miner Hive Blockchain’s revenue, which halved to $14.3 million in Q3 as compared $29.6 million total it made in the previous three-month period. Hive Blockchain’s Q3 Result According to the official report, Hive said hedging its energy...

Bitcoin developer Marco Falke announced that he has stepped down as a maintainer for Bitcoin Core on Tuesday. There now remain just four maintainers of the protocol: Michael Ford, Hennadii Stepanov, Andrew Chow, and Gloria Zhao. Falke was Bitcoin Core’s single largest contributor, having proposed over 2000 individual changes to Bitcoin’s codebase – aka “commits” – in his lifetime.  During three of his seven years as maintainer, Falke was supported and sponsored by the crypto...

Matthew Klinger – a 51-year-old Jefferson City, Missouri resident – received five years of supervised probation after admitting to shooting a bitcoin ATM with a handgun. It remains unclear whether the machine had any faults, however, he said he did it “so that it could not take money from anyone else.” So Close to a Prison Sentence Recent coverage informed that Klinger arrived at Vapor Maven on Missouri Boulevard in August last year and requested to talk to the general...