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EthereumBeginnerTaiwan-based cryptocurrency exchange BitoPro experienced a significant security breach, resulting in the loss of over $11.5 million from its hot wallets across Ethereum, Tron, Solana, and Polygon networks. The incident came to light weeks later, when blockchain investigator ZachXBT highlighted…
#altcoin#crypto#defi
SuiBeginnerCetus, the Sui-based decentralized exchange, fell victim to a major hack that saw more than $220 million in assets stolen on May 22. Thankfully, thanks to a rapid response by Sui validators, about $162 million of those funds have already been frozen. On May 27, Sui’s official X account shared that…
#altcoin#crypto#defi
GeneralBeginnerThe US Securities and Exchange Commission (SEC) recently clarified that federal securities rules are unlikely to apply to many non-fungible tokens (NFTs), including those that pay royalties to inventors. In a recent speech, Peirce said that just because an NFT includes a feature allowing artists…
#law#nfts#sec
GeneralBeginnerThe U.S. Securities and Exchange Commission (SEC) has accused crypto platform Unicoin and three of its top executives of misleading investors and raising $100 million through false claims. In a statement released on May 20, the SEC announced charges against Unicoin CEO Alex Konanykhin, board…
#law#sec#united-states
BitcoinBeginnerJonathan Mills, the founder and CEO of the NFT project Hashling NFT and the Bitcoin mining venture Satoshi Labs (formerly Proof of Work Labs), is facing serious allegations from former business partners who claim he misappropriated millions of dollars in project funds. A lawsuit filed in Illinois…
#crypto#fraud#law
SonicBeginnerSonic Labs, formerly known as the Fantom Foundation, has secured a legal victory in Singapore’s High Court. The court has approved Sonic Labs’ petition to wind up the Multichain Foundation, appointing KPMG as liquidators to oversee the process. In a May 9 ruling in Singapore’s Supreme Court,…
#court#law#singapore
BitcoinBeginnerThe seizure, announced on May 9 by German authorities, has seized €34 million (approximately $38 million) in cryptocurrency from the eXch platform, which is implicated in laundering funds stolen during the record-breaking $1.5 billion Bybit hack. The seizure, announced on May 9 by Germany’s…
#bybit#crime#crypto
BitcoinBeginnerArizona Governor Katie Hobbs has signed a groundbreaking bill into law that allows the state to take ownership of unclaimed cryptocurrencies and create a “Bitcoin Reserve Fund”—all without using taxpayer dollars or state funding. House Bill 2749, which was signed on May 7, allows Arizona to seize…
#crypto#government#law
BitcoinBeginnerLawmakers in Minnesota and Alabama have introduced matching bills that, if passed, would permit their states to purchase Bitcoin. In Minnesota, the Bitcoin Act (HF 2946) was introduced to the state’s House by Republican Representative Bernie Perryman on April 1, following a similar bill introduced…
#crypto#law#united-states
BitcoinBeginnerA British man’s effort to secure permission to search a landfill for his hard drive—containing private keys for 8,000 Bitcoin—has been denied by the UK Court of Appeal. According to Howells’ March 14 X post, “appeal request to the Royal Court of Appeal was refused.” He also criticized the legal…
#court#crypto#hardware-wallet
BitcoinBeginnerOn February 22, Montana’s House rejected a bill that aimed to designate Bitcoin as a state reserve asset, citing concerns over excessive speculation with taxpayer funds. House Bill No. 429 was defeated in a 41-59 vote, with many Republicans opposing it. The proposal sought to establish a special…
#assets#crypto#law
