The Securities and Futures Commission (SFC) in Hong Kong issued a cautionary statement regarding two cryptocurrency trading platforms, BitCloud and TCAME. This action was taken to safeguard investors. There are concerns that these platforms have been involved in various types of investment scams related to digital assets and other deceptive crypto activities. Approximately a week … Read more
Alexis Ohanian, co-founder of Reddit, imagines a merged future for artificial intelligence (AI) and blockchain technology. In this vision, AI and blockchain will complement each other, boosting their individual capabilities. He expressed this perspective in a recent interview, emphasizing the continuous progress and mutual advantages these innovative technologies bring. In my perspective, the age of … Read more
In a related legal matter, a recent decision made by a US appeals court may bolster Ripple‘s argument in its ongoing lawsuit versus the Securities and Exchange Commission (SEC). Specifically, the SEC was denied by the Second Circuit Court of Appeals the opportunity to file a new motion regarding their earlier loss in the case … Read more
A software engineer previously employed by Amazon, named Shakeeb Ahmed, was recently given a three-year prison term for taking advantage of smart contracts. In 2022, hacks led to the loss of more than $12 million worth of various cryptocurrencies. This marked the initial sentencing for a cybercrime targeting smart contracts in court history. In December … Read more
In a groundbreaking judicial decision, a 34-year-old ex-security engineer named Shakeeb Ahmed was given a three-year prison sentence. This case represents the first successful prosecution for hacking smart contracts, resulting in the theft of approximately $12 million from two decentralized cryptocurrency platforms. A former security engineer named Shakeeb Ahmed was recently given a three-year prison … Read more