Phantom, a prominent wallet provider in the Solana ecosystem, has reassured its users that it is unaffected by a critical vulnerability recently discovered in the Solana/web3.js library. The exploit, found in versions 1.95.6 and 1.95.7, involved malicious code designed to steal private keys. This flaw severely threatened applications and developers relying on the compromised versions,…
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Hut 8 Moves to Dismiss Shareholder Lawsuit, Claims It Stemmed From a Short Seller
Bitcoin mining firm Hut 8 Corp. has filed a motion in a New York federal court to dismiss a class-action lawsuit brought by shareholders. The lawsuit alleges that the company misled investors about its acquisition of US Bitcoin Corp. (USBTC), a firm reportedly plagued by operational issues. Hut 8, however, claims the legal action stems…
Hydra Founder Sentenced to Life in Prison by Russian Court for Running $5 Billion Crypto Black Market
Stanislav Moiseev, the mastermind behind the notorious online black market and cryptocurrency mixing service Hydra, has been handed a life sentence by a Russian court. Hydra reportedly facilitated over $5 billion in cryptocurrency transactions before its closure, becoming the largest darknet marketplace in the world. The Moscow Regional Court found Moiseev and 15 accomplices guilty…
‘Bitcoin Jesus’ Roger Ver Fights Tax Case, Claims Violation of Constitutional Rights
Lawyers for “Bitcoin Jesus” Roger Ver on Tuesday urged a US judge to dismiss his tax evasion indictment. This was his first court filing since being arrested in Spain in April. Earlier this year, US prosecutors charged Ver with major tax offenses. They claimed he avoided paying over $48m in taxes after selling crypto worth…
South Korea Hits Record $34 Billion Trade Volume as President Declares Martial Law
South Korea witnessed a record $34.2 billion in cryptocurrency trading volume over 24 hours following a brief declaration of emergency martial law by President Yoon Suk-yeol. The unusual trade activity unfolded across the country’s major cryptocurrency exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, according to CoinMarketCap data. Leading the surge was Upbit, South Korea’s…
Australia’s Financial Watchdog Calls for Opinions on Digital Asset Regulation Updates
Australia’s financial watchdog on Tuesday requested feedback on updates to its digital asset guidance. The changes aim to clarify how the Corporations Act 2001 applies to digital assets and guide entities offering related financial services. The Australian Securities and Investments Commission (ASIC) included 13 practical examples in a document to show how current financial product…
Ex-Celsius CEO Alex Mashinsky Pleads Guilty to Fraud Charges in Crypto Lender Scandal
Alex Mashinsky, founder of the now-bankrupt Celsius Network, announced Tuesday that he intends to plead guilty to fraud charges. He pleaded guilty to two charges: one for commodities fraud and another for manipulating the price of the Celsius token. The most serious charge carries a potential 20-year prison sentence. On July 13, 2023, Mashinsky faced…
Moodeng Explodes 126% After Coinbase Listing News – Can the Rally Last?
The meme coin Moodeng (MOODENG) experienced a dramatic 126% price surge within an hour of Coinbase’s announcement on Monday that it would list the token on December 4. This surge pushed MOODENG’s price to $0.68, a 126% gain over the previous 24 hours. The price nearly reached its November peak of $0.69, and the token…
Ishiba Lukewarm on Japanese Crypto Tax Reform and Bitcoin ETF Approval
Japanese Prime Minister Shigeru Ishiba has expressed “caution” about scrapping the country’s controversial crypto tax law. Ishiba has also suggested he will not be rushed into approving Bitcoin spot ETFs. Regulators, government ministers, and opposition leaders have united in calls to replace the current system with a flat 20% capital gains levy on annual crypto…
Top Crypto Gainers Today on DEXScreener – CHAOS, SLAP, RIZZMAS
Major crypto markets are choppy on Tuesday, but the signs that alt-coin season continues to heat up remain unmistakable, with traders rushing to the on-chain DEX markets to hunt for top crypto gainers today. Bitcoin (BTC) was last around $96,000, whilst other crypto majors like XRP (XRP), Solana (SOL) and BNB (BNB) saw swings in…