Elaborate Elon Musk deepfake crypto fraud uncovered in Hong Kong

According to court documents, the Boneheads team has been accused of breach of contract, misappropriating funds and misleading investors. The investigative work of independent blockchain sleuth ZachXBT has been cited in a class action lawsuit in Canada against Boneheads, an alleged $3.1 million nonfungible token rug pull.Tweeting on July 7, ZachXBT highlighted that lawsuit as…

“The SEC [decided] to do regulation through enforcement, which is not efficient and really I think has stifled innovation in the United States," said Brad Garlinghouse. 66 Total views 2 Total shares Brad Garlinghouse, the chief executive officer of Ripple Labs, has claimed the United States Securities and Exchange Commission, or SEC, has inconsistently imposed…

Tether, the stablecoin operator behind USDT, has funded the development of the new version of Bitcoin (BTC) tokenization layer Omni.In a press release shared with Cointelegraph on Dec. 15, the companies announce the release of Omni Core 0.7.0, the development of which was sponsored by Tether. The new version reportedly enhances network performance and fixes…

The report compares stablecoins to money market funds and ultimately concludes they have similar shortcomings. The Federal Reserve Banks of Boston and New York published a staff report on Sep. 26 comparing stablecoins, such as USDT and USDC, to money market funds. Key findings in the report include the observation that stablecoins and money market

Stakers with Lido, Frax, Origin and Mantle can “restake” with the DeFi protocol. 

A note by central bank researchers says regulation is the key to reaping the benefits of fiat-referenced crypto assets after the Canadian parliament fails to consider legislation. 692 Total views 19 Total shares Own this piece of crypto history Collect this article as NFTStaffers at the Bank of Canada released an analytic note on fiat-referenced…

The majority of the funds stolen were from a single wallet which had $751,321.80 USDC drained from the malicious link. 217 Total views 4 Total shares Own this piece of history Collect this article as an NFTAzuki, a popular nonfungible token (NFT) project, had its Twitter account compromised on Jan. 27 leading to hackers stealing…

A Bitcoin exchange transaction resulted in a user getting scammed as a spoofed SMS message from a payment app made it seem that the attacker executed the payment. 2188 Total views 47 Total shares A Bitcoin (BTC) peer-to-peer exchange made on the HodlHodl platform went awry as a scammer appears to have used a SIM…