âąïžIT ONLY TOOK THEM 12 SECONDS TO STEAL $25 MILLIONâąïž
Two brothers managed to steal $25 million worth of Ethereum cryptocurrency in 12 seconds with a highly technological plan that they thought about for months and implemented in seconds. They also took many steps to hide their identities while realising their fraudulent plans. By setting up fake companies, they lost their traces by using different private cryptocurrency addresses and foreign cryptocurrency exchanges.
They also learnt how to disguise themselves and trace their crimes by conducting continuous research online New York's Cyber Unit prosecutors managed to catch criminals who attacked the integrity of all financial systems. Anton Peraire-Bueno was arrested in Boston, and James Peraire-Bueno was arrested in New York for allegedly obtaining Ethereum investors' cryptocurrencies by fraudulently accessing pending private transfer transactions. However, the brothers refused to return the money they stole and went to money laundering. Investigators dubbed the crime "the Exploit" (exploitation and at the same time outstanding success)
âąïžđšâąïž Singapore police have launched an investigation into seven people allegedly trading Worldcoin accounts and tokens
According to a statement by Singapore Deputy Prime Minister Gan Kim Yong, Singapore police have launched an investigation into seven people accused of trading Worldcoin (WLD) accounts and tokens
This investigation is being conducted to examine possible violations of the Payment Services Act 2019. The Deputy Prime Minister stated that Worldcoin is not classified as a payment service under this law, but account and token traders can offer a payment service
Kim Yong warned consumers to be wary of offers to transfer control of their cryptocurrency wallets to others. He emphasised that such accounts could be used by third parties for malicious purposes
Stating that Singapore police detained five people last month for allegedly trading Worldcoin accounts and tokens, Yong stated that these people encouraged people to create Worldcoin accounts on behalf of various companies and took over these accounts for cash
It is almost certain that the FED will cut interest rates at its meeting on September 18, but the release of the US CPI data on Wednesday will make this decision even more certain
Trump family's upcoming DeFi project aims to strengthen US dollar dominance through stablecoin revolution LFI aims to counter the rise of alternative currencies from foreign nation-states and preserve the dollar's financial influence for the next century through stablecoins. World Liberty Financial (WLFI), a DeFi project tied to members of former President Donald Trump's family, responded to a wave of speculation in September.
WLFI explained that the partnership aims to develop a platform to drive mass adoption of pegged stablecoins in the US, highlighting the project's potential impact on both crypto and the US economy The project has attracted additional attention due to the involvement of former President Donald Trump's family, specifically Eric Trump and Donald Trump Jr. US stablecoins stablecoins In the tweets, WLFI made it clear that the project is working closely with Aave, a leading DeFi protocol, rather than creating a competing fork. It stated: âWe are not just another enemy fork of Aave.â WLFI said it sees stablecoins as a tool to help preserve America's financial leadership amid rising foreign competition. Its primary goal is to increase adoption of US-pegged stablecoins and ensure that the dollar maintains its position as the global settlement layer.
He said: âThe US dollar has been the backbone of global finance for decades, but is now under attack from foreign nation-states.â By expanding the global reach of stablecoins, WLFI aims to counter the rise of alternative currencies from foreign nation states and preserve the dollar's financial influence for the next century. In addition:âWe want US stablecoins to remain the world's settlement layer for the next 100 years.â WLFI emphasized user security as a top priority and ensured that the platform was as secure as possible before its launch. Skepticism and ethical concerns Despite the project's high profile, there is much skepticism around the project, largely focused on its security measures, its political ties and the ambitious nature of its goals. Despite assurances that top blockchain security firms are conducting thorough audits, concerns remain about the project's ability to protect against potential cyberattacks. In the high-risk world of DeFi, vulnerabilities can have major consequences, and the project's high profile increases the risks. Additionally, the involvement of Trump and his family has fueled speculation as to whether the project is more politically driven than intended to truly advance decentralized finance #BTC #Bitcoin #ETH #WHLI #AAVE $BTC $ETH
âąïžPREPARATIONS FOR THE BIG BULL CONTINUEâąïž
The Duma, the lower house of Russia's parliament, has voted use of cryptocurrency in cross-border payments and cryptocurrency and foreign exchange trading within the framework of experimental legal regimes
The law allowing the mechanism to operate in the 'field of digital innovations' in the financial market was passed in the second and third readings.
The bill provides for the mechanism to be able to work 'in the field of digital innovations' in the financial market.
At the same time, the Central Bank of Russia is authorized and regulated in this field.
Organ function was provided and the program's Rosfinmonitoring, Federal Security Cases subject to coordination with the Organization and the Ministry of Finance defined.
According to Kommersant newspaper, the Central Bank, as well as the risks of undermining the defense and security of the state to identify money laundering and terrorist financing risks will also monitor cryptocurrency activities.
When such risks are identified, the Central Bank will notify the FSB and Rosfinmonitoring respectively within 10 days.
The current regulation prohibits the use of digital currency in payments for goods and services.
The new law prohibits the use of cryptocurrency in foreign trade under the mechanism. Allowing it to be used as a means of payment in its activities changes.
The program will allow participants in such agreements, as well as money control the rights and obligations of authorities and agents should also be defined, foresees
In the framework of the second reading, the State Duma decided that cryptocurrency trading supported a number of changes, including the granting of authorization.
Such a program would allow for the admission of cryptocurrencies to organized trading. Procedure, the requirements for its organizers and such where trade may be conducted by a trading system should specify
The owner of Telegram, Pavel Durov, has just been arrested in France for failing to censor the truth on his application.
Potential charges include support for terrorism, drug trafficking, complicity in crimes, mass fraud, money laundering, concealment, pedophile content, sanctions evasion, and more
Spot Ethereum exchange-traded funds, or ETFs, had seven consecutive days of outflows shedding over $5.7 million in assets on Friday, Aug. 23, bringing the cumulative figure to $464 million, data by SoSoValue shows
Cumulative net assets locked in these Ethereum (ETH) ETFs stand at about $7.65 billion.
The Grayscale Ethereum Trust has $5 billion followed by the Grayscale Mini Ethereum Trust with $1.01 billion. It is followed by ETFs from Blackrock, Fidelity, Bitwise, and VanEck
The opportunity cost
The other reason why Ethereum ETFs are struggling is the opportunity of holding them vis-a-vis buying Ether
Buyers of the cheapest Ether ETF â Grayscale Mini Ethereum â will pay a small expense ratio of 0.15%. However, they will also avoid making money through staking
Data by StakingRewards shows that Ethereum yields about 3% or $300 if you invest $10,000 in it
Crypto firms pour $119M into 2024 US federal elections, rivaling traditional powerhouses
Crypto companies have significantly increased their involvement in the US federal elections in 2024, contributing over $119 million so far, according to a Public Citizen report published on Aug. 21
The report highlighted that this amount represents almost half of all corporate contributions in this election cycle, which currently total $248 million
The report added that increased spending by the crypto sector also raises questions about the broader implications for corporate influence in US elections. Should this trend continue, it could lead to other industries adopting similar strategies, potentially increasing the role of corporate contributions in shaping election outcomes
#DOGE : It has reached saturation point. Elon Musk's posts about Doge are no longer effective. Millions of people bought it. However, bull time It can do 3-5x at most
It's a cat token and I'm interested in it, I'm always interested in any token that comes out before the bull because it doesn't come out during the bull
Their goal is to be among the top 100 meme projects. It's possible to PUMP 1000 times. Because marketcap is low right now
We can invest up to 3% of your portfolio in meme projects like this one, with no impact on you. Sometimes exchanges support such projects. Then early investors can make a million-dollar profit
You can buy C A T E X on Binance web 3 or pancakeswap