The Azuki-backed ANIME Coin is set to make waves in the Web3 and anime fandom as it prepares for its January 2025 launch on Ethereum and Arbitrum. With a total token supply of 10 billion ANIME tokens, this launch marks a significant step forward for AnimeChain, the anime-based Web3 network that debuted nearly 10 months ago. The ANIME Coin is designed to foster an open anime universe, empower creators, and unite over 1 billion anime fans globally. According to the Animecoin Foundation, the Azuki-backed ANIME Coin is more than just a cryptocurrency; it’s a “Culture Coin” aimed at transforming the…
Author: Crypto Team
The OpenSea User Email Leak and Its Implications for Phishing Risks The OpenSea user email leak has raised significant concerns about the safety of over 7 million users following the public exposure of email addresses compromised during a 2022 data breach. This incident, which originally stemmed from an employee of Customer.io misusing access to OpenSea’s email database, has once again placed cybersecurity risks in the spotlight. According to SlowMist’s chief information security officer, 23pds, the public disclosure of this leaked data has heightened the risks of phishing attacks targeting cryptocurrency users. Email addresses associated with prominent crypto industry figures, including…
How Hack-Driven Crypto Laundering Reached $1.3 Billion in 2024: Insights and Analysis Hack-driven crypto laundering has become a significant concern in the blockchain industry, with 2024 witnessing a staggering $1.3 billion in laundering activities, according to PeckShield. This represents a 280% surge from the $342 million recorded in 2023, showcasing the alarming growth in cybercriminal activities. The rise has been attributed to increasing crypto prices, particularly as Bitcoin’s value more than doubled since early 2024. PeckShield’s report highlighted that hack-related losses exceeding $1 million contributed substantially to this surge. Chain hopping, a technique used to obscure transactions by moving coins…
Why Mudrex Suspends Withdrawals and Its Impact on Crypto Traders Mudrex, a prominent Indian crypto exchange, recently made headlines as Mudrex suspends withdrawals, citing compliance concerns and a drive to curb misuse by bad actors. This announcement comes during a period of rapid growth for the Bengaluru-based platform, which has seen a staggering 200% increase in its user base. Founded in 2018 and supported by investors like Y Combinator and Nexus Venture Partners, Mudrex has emerged as a key player in the crypto industry, offering innovative solutions for traders. The suspension of crypto withdrawals, announced by Founder Alankar Saxena on…
The Wolf Capital CEO Admits Guilt in $9.4M Crypto Fraud Case In a shocking development in the world of cryptocurrency fraud, the Wolf Capital CEO crypto fraud case has taken a decisive turn. Travis Ford, 35, the CEO, co-founder, and head trader of Wolf Capital Crypto Trading LLC, pleaded guilty to orchestrating a fraudulent cryptocurrency investment scheme that scammed nearly 2,800 investors out of $9.4 million. The investment scheme, which operated from January 2023 to August 2023, lured unsuspecting investors with promises of extraordinary daily returns ranging from 1-2%. These false claims amounted to an annual return of approximately 547%,…
CrowdStrike Exposes Phishing Campaign Using Fake Job Offers to Spread XMRig Miner Fake job offers spreading XMRig miner have become a growing concern for cybersecurity experts. CrowdStrike, a global leader in cybersecurity solutions, has issued a warning about a sophisticated phishing campaign targeting job seekers. The campaign impersonates CrowdStrike’s recruitment process to lure unsuspecting individuals into downloading malicious software disguised as a legitimate application. The phishing attack begins with fraudulent emails claiming to be from CrowdStrike, offering enticing job opportunities. These emails direct victims to a counterfeit website, cscrm-hiring[.]com, where they are prompted to download what is labeled as an…
Cube Entertainment CEO Faces Allegations Over Misleading Crypto Investment Promises Cube Entertainment CEO Crypto Controversy: Misleading Investment Guarantees Spark Outrage South Korea’s renowned K-pop powerhouse, Cube Entertainment, finds itself embroiled in controversy as its CEO, Kang Seung-gon, faces allegations of misleading investors with promises of guaranteed returns on a cryptocurrency investment. This latest Cube Entertainment CEO crypto controversy has sparked outrage among affected investors and raised significant concerns about the integrity of crypto dealings in the entertainment industry. According to a report from The Korea Economic Daily, the controversy revolves around Kang’s promotion of Nestree, a cryptocurrency developed by South…
Why Stablecoin Developer Usual’s Changes to USD0++ Redemption Are Sparking Controversy Stablecoin developer Usual is facing significant backlash after making controversial changes to the redemption mechanism of USD0++, a staked token tied to the USD0 stablecoin. The changes, which disrupted the token’s stability and usability, have drawn criticism from the crypto community, leading to debates about its long-term viability. USD0++ is not a stablecoin itself but a yield-bearing, staked version of the USD0 stablecoin. Designed to lock funds for four years, USD0++ rewarded users with Usual tokens, offering an appealing return for those willing to accept extended lock-up periods. Initially,…
The Arbitrum Orange Finance Hack: How $840K Was Lost in a Major Cyber Attack The Arbitrum Orange Finance Hack has shocked the DeFi community, as the largest liquidity manager on the Arbitrum network lost $840,000 to hackers. The incident highlights growing security concerns in decentralized finance, where even prominent platforms are vulnerable to cyber threats. On January 8, the Orange Finance team disclosed via an X post that a hacker had exploited their protocol by taking control of the admin address. This allowed the hacker to upgrade the contracts and drain funds, rendering the contract completely out of Orange Finance’s…
How KULR Technology Bitcoin Treasury Strategy Aligns with Financial Growth and Stability KULR Technology Bitcoin Treasury has made headlines by adding $21 million worth of Bitcoin to its treasury, bringing its total holdings to an impressive 430 BTC. This strategic move demonstrates the company’s commitment to utilizing Bitcoin as a cornerstone of its financial strategy. By integrating this cryptocurrency into its treasury, KULR Technology is setting a precedent for how companies can leverage Bitcoin to strengthen their financial stability. As reported by blockchain analytics firm Arkham Intelligence on January 6, KULR Technology’s latest Bitcoin purchase of 213.4 BTC was made…