Bitcoin News

Kucoin hacked 150 million euros stolen from hot wallet

Strangers were able to steal from the Kucoin crypto wallet from Singapore and stole digital coins and tokens worth millions. Kucoin noticed unusual transactions from the hot wallet on the evening of last Friday and then shut down the corresponding server and saved any remaining money in the cold wallet. Apparently the attackers had succeeded […]

Continue Reading...

Crypto Trends

$30M MakerDAO ‘Black Thursday’ lawsuit sent to arbitration

A class-action lawsuit accusing MakerDAO of misrepresenting the risks associated with its DAI stablecoin has been stayed pending arbitration proceedings. A court has agreed with the Maker Ecosystem Growth Foundation that a class-action lawsuit over its ‘Black Thursday’ meltdown should enter into arbitration proceedings. The Maker Foundation filed this motion to compel arbitration in response […]

Continue Reading...

Crypto Trends

Bulgarian exchange owner convicted over auction fraud scheme

The owner of a Bulgarian crypto exchange has been convicted of providing money laundering services to a Eastern European cyber fraud syndicate. Rossen Iossifov, a 53-year-old Bulgarian national and owner of the ‘RG Coins’ cryptocurrency exchange, has been convicted of operating a multi-million dollar money laundering ring as part of a transnational auction fraud scheme. […]

Continue Reading...