May 2024

Chinese Nationals Arrested for Laundering $73 Million in Pig Butchering Crypto Scam

Chinese Nationals Arrested for Laundering $73 Million in Pig Butchering Crypto Scam 2024-05-19 at 13:31 By The U.S. Department of Justice (DoJ) has charged two arrested Chinese nationals for allegedly orchestrating a pig butchering scam that laundered at least $73 million from victims through shell companies. The individuals, Daren Li, 41, and Yicheng Zhang, 38, […]

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Venezuela bans crypto mining to protect power grid

Venezuela bans crypto mining to protect power grid 2024-05-19 at 12:01 By Cointelegraph by Amaka Nwaokocha This move follows a recent crackdown that involved confiscating 2,000 cryptocurrency mining devices as part of an anti-corruption initiative. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Grandoreiro Banking Trojan Resurfaces, Targeting Over 1,500 Banks Worldwide

Grandoreiro Banking Trojan Resurfaces, Targeting Over 1,500 Banks Worldwide 2024-05-19 at 11:16 By The threat actors behind the Windows-based Grandoreiro banking trojan have returned in a global campaign since March 2024 following a law enforcement takedown in January. The large-scale phishing attacks, likely facilitated by other cybercriminals via a malware-as-a-service (MaaS) model, target over 1,500 banks across

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XRPL on-chain transactions jump 108% in Q1 2024

XRPL on-chain transactions jump 108% in Q1 2024 2024-05-19 at 11:01 By Cointelegraph by Ciaran Lyons The XRP Ledger (XRPL) recorded 251.39 million on-chain transactions during the first quarter of 2024, an increase of approximately 108% compared to the last quarter of 2023. This article is an excerpt from Cointelegraph.com News View Original Source React

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Phantom Wallet climbs Apple app store charts — Bullish sign for Solana?

Phantom Wallet climbs Apple app store charts — Bullish sign for Solana? 2024-05-19 at 11:01 By Cointelegraph by Ciaran Lyons Phantom Wallet has climbed to third position on the utility category on the Apple app store and several crypto commentators are taking it as a bullish signal for Solana. This article is an excerpt from

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Week in review: New Black Basta’s social engineering campaign, passing the CISSP exam in 6 weeks

Week in review: New Black Basta’s social engineering campaign, passing the CISSP exam in 6 weeks 2024-05-19 at 11:01 By Help Net Security Here’s an overview of some of last week’s most interesting news, articles, interviews and videos: Black Basta target orgs with new social engineering campaign Black Basta, one of the most prolific ransomware-as-a-service

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Bitcoin’s $66.9K price holds strong, casts doubts on a ‘deep correction’

Bitcoin’s $66.9K price holds strong, casts doubts on a ‘deep correction’ 2024-05-19 at 06:01 By Cointelegraph by Ciaran Lyons Despite ongoing speculation about Bitcoin’s next potential “deep correction,” some cryptocurrency analysts disagree on its likelihood. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Trader turns $3K into $46M in PEPE, Ethereum gas overhaul, Tornado dev guilty: Hodler’s Digest, May 12-18

Trader turns $3K into $46M in PEPE, Ethereum gas overhaul, Tornado dev guilty: Hodler’s Digest, May 12-18 2024-05-19 at 03:01 By Cointelegraph by Editorial Staff Trader makes millions after PEPE price soars, a new gas model for Ethereum, and Tornado Cash developer convicted. This article is an excerpt from Cointelegraph.com News View Original Source React

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Microsoft faces multi-billion dollar fine in EU over Bing AI

Microsoft faces multi-billion dollar fine in EU over Bing AI 2024-05-19 at 03:01 By Cointelegraph by Tristan Greene The Redmond company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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‘Godfather of AI’ advises UK government to start UBI

‘Godfather of AI’ advises UK government to start UBI 2024-05-18 at 22:01 By Cointelegraph by Tristan Greene Geoffrey Hinton also warns that advanced AI could pose an existential threat within the next five to twenty years. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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An attorney says she saw her library reading habits reflected in mobile ads. That’s not supposed to happen

An attorney says she saw her library reading habits reflected in mobile ads. That’s not supposed to happen 2024-05-18 at 20:16 By Thomas Claburn Follow us down this deep rabbit hole of privacy policy after privacy policy Feature  In April, attorney Christine Dudley was listening to a book on her iPhone while playing a game

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LayerZero identifies over 800k addresses in sybil self-reporting phase

LayerZero identifies over 800k addresses in sybil self-reporting phase 2024-05-18 at 17:01 By Cointelegraph by Amaka Nwaokocha Initially, the team identified over 2 million addresses as potential Sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification. This article is an excerpt from Cointelegraph.com News View Original Source React

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Gawd, after that week, we wonder what’s next for China and the Western world

Gawd, after that week, we wonder what’s next for China and the Western world 2024-05-18 at 15:46 By Iain Thomson For starters: Crypto, import tariffs, and Microsoft shipping out staff Kettle  It’s been a fairly troubling week in terms of the relationship between China and the Western world.… This article is an excerpt from The

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Feds bust $73M crypto scam, arrest two masterminds

Feds bust $73M crypto scam, arrest two masterminds 2024-05-18 at 14:01 By Cointelegraph by Amaka Nwaokocha The scammers convinced victims to transfer millions of dollars into these U.S. bank accounts, which were then used to launder the illicit funds. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Genesis Global secures court approval for $3B payout

Genesis Global secures court approval for $3B payout 2024-05-18 at 12:01 By Cointelegraph by Amaka Nwaokocha According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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If SEC approves spot Ether ETFs, many ‘will be caught severely offside’

If SEC approves spot Ether ETFs, many ‘will be caught severely offside’ 2024-05-18 at 12:01 By Cointelegraph by Ciaran Lyons Coinbase institutional research analyst David Han believes “there is room for surprise to the upside on this decision.” This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Gentoo and NetBSD ban ‘AI’ code, but Debian doesn’t – yet

Gentoo and NetBSD ban ‘AI’ code, but Debian doesn’t – yet 2024-05-18 at 11:46 By Liam Proven The problem isn’t just that LLM-bot generated code is bad – it’s where it came from Comment  The Debian project has decided against joining Gentoo Linux and NetBSD in rejecting program code generated with the assistance of LLM

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How two brothers allegedly swiped $25M in a 12-second Ethereum heist

How two brothers allegedly swiped $25M in a 12-second Ethereum heist 2024-05-18 at 09:31 By Matthew Connatser Feds scoff at blockchain integrity while software bug said to have been at heart of the matter The US Department of Justice has booked two brothers on allegations that they exploited open source software used in the Ethereum

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Aussie admits to promoting BitConnect crypto services without a license

Aussie admits to promoting BitConnect crypto services without a license 2024-05-18 at 09:01 By Cointelegraph by Ciaran Lyons The Australian Securities and Exchange Commission claims that John Louis Anthony Bigatton promoted the crypto lending platform at four seminars and via two social media posts. This article is an excerpt from Cointelegraph.com News View Original Source

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Biden may rethink SAB 121 vote veto due to political support for crypto

Biden may rethink SAB 121 vote veto due to political support for crypto 2024-05-18 at 08:01 By Cointelegraph by Daniel Ramirez-Escudero The U.S. Congress bipartisan vote has overwhelmingly demonstrated its rejection of the SEC’s SAB 121. President Biden threatened to veto the overruling. Will the executive branch overthrow Congress’s decision? This article is an excerpt

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