OnlyFake, an underground website, uses advanced neural networks to create lifelike fake IDs, challenging cybersecurity and ID verification, and posing significant risks to financial and online security.
MiyukiThe SEC's Twitter hack caused chaos in the crypto community, leading to a short-lived surge in Bitcoin prices. Despite the humor, the incident had severe consequences for traders liquidated due to fake news. It highlighted the vulnerability of the crypto market to misleading information and underscored the influence of media in shaping the narrative in the blockchain space. The turmoil prompted a reevaluation of trust in both Twitter and financial regulation, along with speculations about Elon Musk's involvement. Overall, Bitcoin remains resilient, unaffected by temporary fluctuations.
Cheng YuanAmid the Bitcoin ETF approval chaos, the SEC faces scrutiny over the mysteriously deleted approval tweet and alleged cybersecurity breach. Critics argue for a thorough investigation into the SEC's handling, emphasizing the need for clarity in its regulatory mandate. The ongoing battle among financial institutions to lower fees for spot Bitcoin ETFs adds another layer of competition to the unfolding situation.
SanyaTelcoin faces turmoil as its app halts operations after a $1.3 million crypto asset loss due to a cybersecurity exploit, leaving users and investors on edge.
Hui XinIn an act of cyber intrusion, a hacker infiltrated Vitalik's account, orchestrating a digital heist that absconded with $691,000 from unsuspecting users who had clicked on a corrupted link shared on his feed.
CatherineShe reiterated her warning that the Treasury Department may run out of measures to pay its debt obligations by June.
OthersA federal bankruptcy court judge heard hours of testimony on Voyager Digital’s proposed asset sale to Binance.US during a hearing that at one point turned into a shouting match.
TheBlockIronically, FTX was domiciled in the Bahamas, a former British colony, several of which remain deregulated offshore financial centers.
BeincryptoAlex Tapscott told Cointelegraph that bear markets lead to great ideas being formed and new businesses being built.
CointelegraphThe raise comes as total value locked on the Avalanche blockchain remains steady at around $14.6 billion.
Cointelegraph