A Canadian man was extradited to the US on Wednesday after being accused of conducting ransomware attacks in 2020. Sebastien Vachon-Desjardins, 34, from Quebec, was accused of carrying out dozens of ransomware attacks between April and December 2020, according to the Department of Justice. Some $28.2 million in bitcoin was seized by Canadian officials in […]
On March 10, blockchain analytics firm Chainalysis announced the launch of new tools for identifying crypto wallets that fall under sanctions. The announcement comes as crypto’s potential role in sanctions on Russia draws attention among policymakers and news publishers. In an announcement shared with The Block, Chainalysis said: «Given the transparency of blockchains, it would […]
Cryptocurrency scams have the dubious honor of now being the second most popular way of defrauding consumers, a report says. The Better Business Bureau (BBB) Scam Tracker showed that cryptocurrency scams rose from the seventh riskiest in 2020 to the second riskiest in 2021. According to the BBB Scam Tracker, although cryptocurrency scams made up […]
Crypto bear markets are known for their downturns and their liquidations for investors who are trading with leverage. On top of that, decentralized finance, or DeFi, projects can become targeted by hacks or suffer rug pulls, leading to enormous losses for investors of their tokens. Now new software seeks to alert investors in real-time about […]
According to famed decentralized finance, or DeFi, detective zachxbt, 31 nonfungible-tokens, or NFTs, projects may be at risk due to «suspicious code.» In a lengthy Twitter thread published Tuesday, the DeFi detective first raised the issue of NFTs project Thestarlab — which was allegedly compromised for 197.175 Ether (ETH), worth $580,325 USD at time of publication. Zachxbt quoted […]