Hackers in North Korea steal around $400 million from global exchanges


TL;DR Breakdown • The United States government is on the trail of North Korean hackers.• Hackers take advantage of the country’s strict policies to operate from Pyongyang. The cryptocurrency market which has proven to be significantly exposed to online thieves has witnessed another hacking scandal. Recent reports have claimed that cybercriminal groups in North Korea […]

Kim Kardashian accused of creating misleading ads for EthereumMax

Kim Kardashian

TL;DR Breakdown • EthereumMax received a complaint via a California court for suspicious Crypto Ads.• Kim Kardashian is charged a second time for false advertising with EthereumMax. Kim Kardashian has started 2022, controversially, not because of the attractive photographs on her Instagram but due to the lawsuit generated against her. She has been accused of […]

£322m worth of cryptocurrency has been seized in the UK in 5 years


TL;DR Breakdown • The UK law enforcement agency has seized over £300 million since 2016.• The cryptocurrency market has been used for money laundering and Ponzi schemes. Authorities in the UK had confiscated around £322 million worth of cryptocurrency over the past five years. These figures were released after the agency accepted an FoI request […]

Matt Damon under criticism for crypto.com commercial

Matt Damon

TL;DR Breakdown • The Hollywood star gave an inconsistent speech about humanity and cryptos.• Matt Damon could have received a good sum of money for advertising for crypto.com Matt Damon lent his image to advertise cryptos trading platforms and received backlash for his action. Recently, the actor who gave life to the Jason Bourne character […]

North Korea could be the center of cyberattacks on cryptocurrencies

Crypto ransomware

TL;DR Breakdown • South Korean researchers believe cyber hackers are organizing from Pyongyang.• North Korea could be the culprit of at least five cyber-attacks on the Western Exchanges. A government agent in the United States recently revealed that North Korea is becoming the center of illegal cryptocurrency operations. The agent believes that the country in […]

Private crypto considered illegal and finances terrorist groups, RBI claims

Private Crypto

TL;DR Breakdown • Banking in India believes that private crypto is an unreliable option to invest in.• The RBI could resume its crypto regulations in 2022. Recently the Reserve Bank of India, RBI, opined on private crypto and the risks involved in trading with it. India’s regulatory authority again attacked crypto with just under two […]

Spiderman torrent contains malicious XMR mining programs

NFT collection

TL;DR Breakdown • Researchers suggest that the movie’s torrent could have programs that affect the PC operation.• Crypto scams target Spiderman “No Way Home” on torrent. Cyber scams have been unleashed in the crypto world with the third Spider-man movie called “No Way Home,” A malware linked to the Marvel movie and cryptos is a […]

WAGMI crypto investors are targeting Bradford Club for immediate purchase

crypto investors

TL;DR Breakdown • Crypto company hopes to use English Club in NFT trading.• WAGMI crypto investors would seek to bid with payment in cryptos. Recently a group of Crypto investors in WAGMI United, a crypto company in the United States, announced that they would buy the Bradford City Football sports team. This occurs after the […]

IMF warns about cryptocurrencies, advises towards regulation

nt'l securities body IOSCO announces plans for crypto asset regulation report for 2023

TL;DR Breakdown • The financial agency believes that cryptocurrencies have risks.• IMF will seek an appropriate way to regulate the crypto market. The cryptocurrency market will end with big regulation, according to the opinions left by the IMF. Recently the international monetary fund spoke about cryptocurrencies and why they should be regulated soon. The financial […]

Wikipedia co-founder auctions site’s first edit as an NFT


TL;DR Breakdown • Wikipedia co-founder will release a non-expendable piece in honor of the strawberry iMac.• The Wikipedia NFT will be auctioned at Christie’s until December 15th. Wikipedia joins the fever for non-fungible tokens with the statements of its co-founder Jimmy Wales. According to Wales, the free encyclopedia that dominates the internet plans to create […]

Bitmart lost $200 million in a hack involving Binance Smart Chain and Ethereum blockchains


TL;DR Breakdown • Cryptocurrency thefts become more frequent every day, alerting the crypto market.• Bitmart lost around 50 cryptos between decentralized currencies and stablecoins. The cryptocurrencies world is becoming more and more insecure due to thefts, hacks in exchanges, and the tokens promotion that be scams. On this occasion, the crypto platform Bitmart was the […]

FBI and other authorities seize $2.3 million in crypto


TL;DR Breakdown • The investigation bureau is after the REvil main members.• The FBI believes that several involved with REvil are in Russia. The federal investigative agency in the United States, or known by its acronym FBI, revealed that it had confiscated over $2.3 Million in cryptos shortly after November. All of that seized money […]

Safe with $4m worth of cryptocurrencies stolen from billionaire’s home


TL;DR Breakdown • Billionaire offers a $500000 reward for his $4m of cryptocurrencies safe.• External cryptocurrencies wallet is stolen with other valuables in a safe. The cryptocurrency market turned gray today amid news of a new crypto heist. A safe with $4m worth of cryptocurrencies was stolen from the house of a billionaire man in […]

Crypto ATMs: FBI advises crypto enthusiasts regarding ATM and QR payment scams

Crypto ATMs

TL;DR Breakdown • FBI shows new modus operandi for crypto scams.• Anonymous Crypto ATMs are the perfect instrument for virtual scams, according to the FBI. With the rise in crypto ATM scams, the FBI agency has taken the time to warn enthusiasts about these new fraud systems. According to the North American investigation agency, with […]

Crypto newbies lose over $500,000 in phishing scams

Crypto newbies

TL;DR Breakdown • Metamask and other exchanges used for new crypto scams.• Crypto newbies face a huge wave of crypto-scams with fraudulent ads. The new virtual market is embroiled in many problems, where scams towards crypto newbies stand out. Researchers at Check Point Research recently suggested these cryptocurrency attacks have reached new places on the […]

Iranian police seize 7000 crypto computer miners in an abandoned factory

computer miners

TL;DR Breakdown • Crypto computer mining operations are suspended for four months, according to government orders.• Iran is a cryptocurrency mining paradise; many companies in China use it. Iranian authorities detained 7,000 computer miners at an illegal cryptocurrency station. For now, this is the biggest haul obtained by the Iranian police since the cryptocurrency market […]

Crypto farms shut down by Abkhazia in 2 weeks

crypto farms

TL;DR Breakdown • In the South Caucasus republic, the Abkhaz authorities have closed down eight crypto farms.• In June, law enforcement officers discovered and disconnected over 300 mining devices. Over 300 mining devices have been left without power in Abkhazia, and an operator has been fined. In addition, between the 1st to 14th of June, […]

New Brazilian malware targets crypto exchange apps

cyber security

New Brazilian malware is compatible with infecting hundreds of crypto and mobile bank apps. Kaspersky Lab said the malware is spreading beyond Brazil to other countries. The Moscow-headquartered cybersecurity company Kaspersky Lab has reportedly discovered a new banking malware, which originated from Brazil. The Brazilian malware, known as “Ghimob,” is rapidly spreading across the country […]

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