On June 6, a cybersecurity report revealed that over 35 YouTube channels live-streamed a deepfake video of Elon Musk, promising to double crypto deposits. The scammers targeted space enthusiasts eager to watch the SpaceX starship rocket launch. SpaceX Launch DeepFakes Highlight Growing Cyber Threat Cybersecurity experts from Avast Threat Labs revealed on X that scammers...
South Korean lawmakers may “abolish” a new crypto tax law, six months before it even comes into force. According to Hanguk Kyungjae, the National Assembly Legislative Research Service mentioned the possible crypto tax “abolition” debate in the latest edition of the National Assembly Legislative Policy Guidebook. South Korean Lawmakers Could Delay or Do Away With...
Saudi Arabia has joined the mBridge project to enhance cross-border payments using central bank digital currencies (CBDCs). According to a recent report by China Daily, the Saudi Central Bank (SAMA) has announced plans to join the mBridge initiative as a full participant, which could pave the way for increased local currency transactions in oil trade...
On June 5, Hex Trust Group (HT), a leading provider of digital asset solutions for institutional finance, protocols, foundations, and the Web3 ecosystem, secured an additional Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). In an exclusive interview with Hex Trust, the company revealed the content of the additional license,...
The Solana Foundation has taken decisive action against a group of validator operators involved in sandwich attacks on traders, a deceptive practice plaguing decentralized networks. The action aligns with the Foundation’s rules prohibiting such malicious activities and their commitment to safeguarding the integrity and trustworthiness of the Solana ecosystem. The Foundation emphasizes protecting retail investors...
Ripple, a major cryptocurrency firm, is strengthening its collaboration with the Republic of Georgia by exploring ways to digitize the local economy in partnership with the National Bank of Georgia (NBG). Ripple continues to deepen its CBDC collaboration with the Republic of Georgia by exploring ways to digitize the local economy. National Bank of Georgia...
Two users fell victim to an OKX SIM swap hack that involved the theft of an undisclosed sum on June 9. The customers’ funds were stolen following a deceitful SMS notification purportedly from the exchange. The attack follows last week’s deepfake incident on OKX, where cybercriminals used AI videos to circumvent the exchange’s security architecture....
Aptos Labs CEO Mo Shaikh has joined the Commodity Futures Trading Commission’s (CFTC) digital asset subcommittee, Shaikh confirmed on social media Monday. Aptos Lab CEO And Co-founder Mo Shaikh Joins CFTC Subcommittee Originally reported by DL News, Shaikh’s appointment to the CFTC will grant the Aptos co-founder influence in helping the CFTC shape regulatory rulemaking...
More than 9 million Russians own cryptoassets such as Bitcoin, Ethereum, and USD-pegged stablecoins, experts claim. Per the Russian-language media outlet Comnews, Valery Petrov, Vice President of the Russian Association of Crypto Industry and Blockchain (RACIB), said on June 4 that his organization thinks “approximately” nine million citizens hold crypto. Do 9 Million Russians Really...
South Korean police have raided a suspected “fake crypto mining” operation that pretended to offer investors profits from mining Cardano (ADA) and other tokens, officers in Incheon announced on June 3. According to Yonhap, police in the city of Incheon arrested a group of 13 people arrested, with seven held in custody on “organized crime”...