FTX Insider Turned Whistleblower? Executive Negotiates Plea Deal With Prosecutors

In a significant development surrounding the failed cryptocurrency exchange FTX, Ryan Salame, the former co-chief executive of FTX Digital Markets, is reportedly negotiating with federal prosecutors to plead guilty to criminal charges.  According to Bloomberg, these charges are linked to the collapse of the cryptocurrency exchange, which sent shockwaves through the industry. Individuals familiar with…

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Fake PayPal USD Tokens Flood Blockchains After Stablecoin Launch

Fraudsters are actively attempting to deceive unsuspecting individuals by exploiting the introduction of the recent dollar-anchored stablecoin of PayPal, known as PayPal USD (PYUSD). They carry out their nefarious ways by releasing counterfeit tokens across various blockchain networks. As of Tuesday, data from DEXTools reveals that more than 66 counterfeit tokens have emerged on networks…

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Tether, Binance, Justin Sun And USDC

There is a new stablecoin brewing in the crypto market since last week. As things stand, the main players are Binance, Tether, USDC and Tron’s Justin Sun. While the connections are not yet clear and need further investigation, reputable research firms and crypto analysts have set out to untangle the battle for stablecoin supremacy. Tether…

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CoinsPaid Accuses North Korean Hackers Of Phony Job Interview To Steal $37 Million

CoinsPaid, a cryptocurrency payments company headquartered in Estonia, has raised suspicions that the Lazarus Group, a group of hackers from North Korea, managed to breach its systems by utilizing deceptive recruiters who targeted company employees.  According to an official blog post, CoinsPaid disclosed that the breach, which resulted in the theft of over $37 million…

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Bitcoin Mining Facility In Bhutan Is Completed: Bitdeer

In a significant move underscoring the growing importance of sustainable energy sources in Bitcoin mining, Singapore-based Bitdeer Technologies Group (NASDAQ: BTDR) has announced the completion of its state-of-the-art mining facility in the Kingdom of Bhutan. The facility, located in Gedu, is currently undergoing power-on testing, with a significant portion of its mining machines already operational,…

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