A grand jury announced that Charles O. Parks III, better known as CP3O, is accused of orchestrating a large-scale cryptojacking operation. The authorities are investigating Parks for tricking cloud computing service providers into allowing him to mine cryptocurrency, which was originally valued at approximately $1 million but grew to nearly $3.5 million in value. On … Read more
Trust Wallet, which is supported by Binance, warned about a potentially risky hacking method that criminals could use through Apple iMessage based on reliable information they received. A representative from the company providing self-managed crypto wallets announced that hackers using the dark web have been able to access iPhones and iOS devices through a previously … Read more
Raoul Pal, a former Goldman Sachs executive, identifies two major blockchain systems as leading competitors in the race to dominate the cryptocurrency sector. At an interview with Backless, Pal expressed his goal to discover the next cryptocurrency sensation similar to Solana (SOL), following its remarkable growth. He pinpointed two primary possibilities: creating smart contracts on … Read more
The Department of Justice (DOJ) is rethinking its choice to designate Sullivan & Cromwell as Binance‘s impartial overseer due to their connection with FTX. Based on Bloomberg’s report, the law firm was close to being appointed to ensure Binance adhered to a settlement requiring a $4.3 billion fine for violating U.S. laws against money laundering … Read more
Recently, the deposit amount of FDUSD stablecoin in Binance‘s OMNI Launchpool has exceeded its stated circulating supply. At first glance, the platform displayed a deposit amount of approximately $6.37 billion in FDUSD, generating interest because the market value of this stablecoin is typically around $3.9 billion. Based on information from CoinGecko, the FDUSD stablecoin is … Read more